Company: VRE
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0000924901-25-000051
Chunk: 84

Company: Veris Residential, Inc.
Filing Date: 2025-07-23
Form: 10-Q
Item: Part I, Item 1
Chunk 84
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 EndedJune 30,Six Months EndedJune 30,Computation of Diluted EPU2025202420252024Income (loss) from continuing operations available to common unitholders$11,938 $1,778 $116 $(4,293)Income (loss) from discontinued operations for diluted earnings per unit(27)1,419 109 3,219 Net income (loss) available to common unitholders for diluted earnings per unit$11,911 $3,197 $225 $(1,074)Weighted average common unit102,259 101,952 102,164 101,160 Diluted EPU:Income (loss) from continuing operations available to common unitholders$0.12 $0.02 $0.00 $(0.04)Income (loss) from discontinued operations available to common unitholders0.00 0.01 0.00 0.03 Net income (loss) available to common unitholders$0.12 $0.03 $0.00 $(0.01)

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The following schedule reconciles the weighted average units used in the basic EPU calculation to the units used in the diluted EPU calculation (in thousands):Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024Basic EPU units102,011 101,352 101,852 101,160 Add: Dilutive effect of stock-based compensation awards248 600 312 — Diluted EPU Units102,259 101,952 102,164 101,160 

 15.    NONCONTROLLING INTERESTS IN SUBSIDIARIES

Noncontrolling interests in subsidiaries in the accompanying consolidated financial statements relate to (i) common units (“Common Units”) and LTIP units in the Operating Partnership, held by parties other than the General Partner (“Limited Partners”), and (ii) interests in consolidated joint ventures for the portion of such ventures not owned by the Company.The following table reflects the activity of noncontrolling interests for the three and six months ended June 30, 2025 and 2024, respectively: Three Months EndedJune 30,Six Months EndedJune 30, (dollars in thousands)2025 202420252024Opening Balance$128,691 $139,985 $133,678 $142,