Company: VRE
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0000924901-25-000051
Chunk: 22

Company: Veris Residential, Inc.
Filing Date: 2025-07-23
Form: 10-Q
Item: Part I, Item 3
Chunk 22
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ValueFixed Rate & Hedged Debt, including Term Loan and Revolving Credit Facility$4,811$475,783$510,644$345,457$311,624$62,583$1,710,902$(12,564)$1,698,338$1,713,280Weighted Average Interest Rate3.68%4.65%4.77%6.03%4.94%3.21%4.96%Unhedged portion of Revolving Credit Facility$—$—$127,000$—$—$—$127,000$—$127,000$127,000Weighted Average Interest Rate7.06%7.06%

(a)As of June 30, 2025, scheduled payments include $41.0 million classified as Liabilities held for sale, net on the Company's Consolidated Balance Sheets.

(b)Adjustment for unamortized debt discount/premium, net, unamortized deferred financing costs, net, and unamortized mark-to-market, net as of June 30, 2025. Unamortized deferred financing costs include $0.1 million of unamortized deferred financing costs classified as Liabilities held for sale, net on the Company's Consolidated Balance Sheets.

(c)Excludes $3.7 million of unamortized deferred financing costs recorded in Deferred charges and other assets, net, pertaining to the Company's Revolving Credit Facility as of June 30, 2025.

While the Company has not experienced any significant credit losses, in the event of a significant rising interest rate environment and/or economic downturn, tenant vacancies or defaults could increase and result in losses to the Company which could adversely affect its operating results and liquidity, including its ability to pay its debt obligations.

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Table of Contents

Item 4. Controls and Procedures

Veris Residential, Inc. 

Disclosure Controls and Procedures. The General Partner’s management, with the participation of the General Partner’s chief executive officer and chief financial officer, has evaluated the effectiveness of the General Partner’s disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) as of the end of the period covered by this report. Based on such evaluation, the General Partner’s chief executive officer and chief financial officer have concluded that, as of the