Company: VRE
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001628280-25-045884
Chunk: 151

Company: Veris Residential, Inc.
Filing Date: 2025-10-22
Form: 10-Q
Item: Part I, Item 8
Chunk 151
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General and administrative28,190 29,019(829)(2.9)Transaction related costs3,428 1,4062,022 143.8 Depreciation and amortization64,797 61,5923,205 5.2 Land and other impairments, net15,667 2,619 13,048 498.2 Total non-property expenses124,816 108,006 16,810 15.6 Operating profit18,882 26,184 (7,302)(27.9)Other (expense) income:Interest expense(69,804)(64,683)(5,121)7.9 Interest and other investment income 268 2,255 (1,987)(88.1)Equity in earnings (losses) of unconsolidated joint ventures4,708 2,9191,789 61.3 Realized gains (losses) and unrealized gains (losses) on disposition of rental property, net84,160 —84,160 (100.0)Gain (loss) on disposition of developable land35,292 11,515 23,777 206.5 Gain (loss) on sale of unconsolidated joint venture interests5,122 7,100 (1,978)(27.9)Gain (loss) from extinguishment of debt, net(3,212)(777)(2,435)313.4 Other income (expense), net302 (305)607 (199.0)Total other (expense) income, net56,836 (41,976)98,812 (235.4)Income (loss) from continuing operations before income tax expense75,718 (15,792)91,510 (579.5)Provision for income taxes(170)(274)104 (38.0)Income (loss) from continuing operations after income tax expense75,548 (16,066)91,614 (570.2)Discontinued operations:Income (loss) from discontinued operations3,891 1,8772,014 107.3 Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net— 1,548 (1,548)(100.0)Total discontinued operations, net3,891 3,425 466