Company: VRE
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0000924901-25-000051
Chunk: 47

Company: Veris Residential, Inc.
Filing Date: 2025-07-23
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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The accompanying notes are an integral part of these consolidated financial statements.

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Table of ContentsVERIS RESIDENTIAL, L.P. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (in thousands) (unaudited)

Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024Net income (loss)$11,843 $2,735$(1,887)$(1,734)Other comprehensive income (loss):Net unrealized (loss) gain on derivative instruments for interest rate caps(89)(838)(1,193)254Comprehensive income (loss)$11,754 $1,897$(3,080)$(1,480)Comprehensive loss (income) attributable to noncontrolling interests in consolidated joint ventures1495432,2741,038Comprehensive loss (income) attributable to redeemable noncontrolling interests(81)(81)(162)(378)Comprehensive income (loss) attributable to common unitholders$11,822 $2,359$(968)$(820)

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

14

Table of ContentsVERIS RESIDENTIAL, L.P. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (in thousands) (unaudited)

For the Three Months Ended June 30, 2025General PartnerCommon UnitsLimited PartnerCommon Units/Vested LTIP UnitsCommon UnitholdersLimited PartnerCommonUnitholdersAccumulatedOtherComprehensiveIncome (Loss)NoncontrollingInterestin ConsolidatedJoint VenturesTotal EquityBalance at April 1, 202593,312 8,620 $1,017,045 $164,112 $(857)$28,877 $1,209,177 Net income (loss)— — 10,904 1,007 — (68)11,843 Unit distributions— — (7,624)(689)— — (8,313)Redeemable noncontrolling interests— — — — — (81)(81)Change in noncontrolling interests in consolidated joint ventures— — — — — (441)(441)Redemption of limited partners common units for shares of general partner common units3 (3)— — — — — Shares issued under Dividend Reinvestment and Stock