Company: VRE
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000924901-25-000011
Chunk: 18

Company: Veris Residential, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 18
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 other obligations, net1,323,474 1,853,897 Dividends 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 Partners’ Capital:General Partner, 92,912,253 and 92,229,424 common units outstanding1,035,795 1,071,973 Limited partners, 8,672,247 and 8,692,561 common units/LTIPs outstanding166,030 170,903 Accumulated other comprehensive income (loss)154 1,808 Total Veris Residential, L.P. partners’ capital1,201,979 1,244,684 Noncontrolling interests in consolidated joint ventures31,090 34,869 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. 

48

VERIS RESIDENTIAL, L.P. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per unit amounts) 

 Year Ended December 31,REVENUES202420232022Revenue from leases$245,690 $235,117 $188,180 Management fees3,338 3,868 3,581 Parking income15,463 15,498 13,558 Other income6,583 5,812 8,036 Total revenues271,074 260,295 213,355 EXPENSESReal estate taxes37,424 34,687 33,995 Utilities8,151 7,700 7,018 Operating services48,239 50,769 47,200 Property management17,247 14,188 10,549 General and administrative39,059 44,443 55,919 Transaction-related costs1,565 7,627 3,468 Depreciation and amortization82,774 86,235 77,903 Land and other impairments,