Company: VRE
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000924901-25-000011
Chunk: 93

Company: Veris Residential, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 93
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006,315 Cash and cash equivalents7,251 28,007 Restricted cash17,059 26,572 Investments in unconsolidated joint ventures111,301 117,954 Unbilled rents receivable, net2,253 5,500 Deferred charges and other assets, net48,476 53,956 Accounts receivable1,375 2,742 Total assets$2,982,727 $3,241,046 LIABILITIES AND EQUITYRevolving credit facility and term loans$348,839 $— Mortgages, loans payable and other obligations, net1,323,474 1,853,897 Dividends and distributions payable8,533 5,540 Accounts payable, accrued expenses and other liabilities42,744 55,492 Rents received in advance and security deposits11,512 14,985 Accrued interest payable5,262 6,580 Total liabilities1,740,364 1,936,494 Commitments and contingenciesRedeemable noncontrolling interests9,294 24,999 Equity:Veris Residential, Inc. stockholders’ equity:Common stock, $0.01 par value, 190,000,000 shares authorized,92,912,253 and 92,229,424 shares outstanding929 922 Additional paid-in capital2,564,495 2,553,060 Dividends in excess of net earnings(1,466,187)(1,418,312)Accumulated other comprehensive income (loss)154 1,808 Total Veris Residential, Inc. stockholders’ equity1,099,391 1,137,478 Noncontrolling interests in subsidiaries:Operating Partnership102,588 107,206 Consolidated joint ventures31,090 34,869 Total noncontrolling interests in subsidiaries133,678 142,075 Total equity1,233,069 1,279,553 Total liabilities and equity$2,982,727 $3,241,046 

The accompanying notes are an integral part of these consolidated financial statements. 

43

VERIS RESIDENTIAL, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share amounts)

Year Ended December 31,REVENUES202420232022Revenue from leases$245,690