Company: VRE
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001628280-25-045884
Chunk: 76

Company: Veris Residential, Inc.
Filing Date: 2025-10-22
Form: 10-Q
Item: Part I, Item 1
Chunk 76
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)Balance at September 30, 2024$9,294Series A and A-1 Preferred Units In VRLPBalance at January 1, 2024$24,999Redemption/Payout(15,700)Income Attributed to Noncontrolling Interests459Distributions(464)Balance at September 30, 2024$9,294

14.    VERIS RESIDENTIAL, INC. STOCKHOLDERS’ EQUITY AND VERIS RESIDENTIAL, L.P.’S PARTNERS’ CAPITAL

Partners’ Capital in the accompanying consolidated financial statements relates to (a) General Partners’ capital consisting of common units in the Operating Partnership held by the General Partner, and (b) Limited Partners’ capital consisting of common units and Long Term Incentive Performance Units ("LTIP Units") held by the limited partners. See Note 15: Noncontrolling Interests in Subsidiaries.

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The following table reflects the activity of the General Partner capital for the three and nine months ended September 30, 2025 and 2024, respectively (dollars in thousands):Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Opening Balance $1,086,095$1,132,424$1,099,391$1,137,478Net income (loss) available to common shareholders75,237 (9,692)75,442 (10,673)Shares issued under ATM Program, net— (66)—1,765Common stock distributions(7,596)(6,628)(22,770)(17,222)Redemption of common units for common stock70 22 609 135 Shares issued under Dividend Reinvestment and Stock Purchase Plan2256Directors' deferred compensation plan12498338296Stock Compensation3,0572,9269,12110,325Cancellation of common stock(89)(657)(4,402)(3,998)Other comprehensive income (loss)254(4,404)(838)(4,172)Rebalancing of ownership percent between parent and subsidiaries(290)(83)(32)2Balance at September 30$1,156,864$1,113,942$1,156,864$1,113,942Any transactions resulting in the issuance of additional common and preferred stock of the General Partner result in a corresponding issuance by the Operating Partnership of an equivalent amount of common and preferred units to