Company: VRE
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001628280-25-045884
Chunk: 142

Company: Veris Residential, Inc.
Filing Date: 2025-10-22
Form: 10-Q
Item: Part I, Item 8
Chunk 142
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 Months EndedSeptember 30,Nine Months EndedSeptember 30,Computation of Diluted EPU2025202420252024Income (loss) from continuing operations available to common unitholders$78,370 $(10,803)$78,486 $(15,096)Income (loss) from discontinued operations for diluted earnings per unit3,782 206 3,891 3,425 Net income (loss) available to common unitholders for diluted earnings per unit$82,152 $(10,597)$82,377 $(11,671)Weighted average common unit102,493 101,587 102,273 101,304 Diluted EPU:Income (loss) from continuing operations available to common unitholders$0.76 $(0.10)$0.77 $(0.15)Income (loss) from discontinued operations available to common unitholders0.04 0.00 0.04 0.03 Net income (loss) available to common unitholders$0.80 $(0.10)$0.81 $(0.12)

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The following schedule reconciles the weighted average units used in the basic EPU calculation to the units used in the diluted EPU calculation (in thousands):Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Basic EPU units102,087 101,587 101,930 101,304 Add: Dilutive effect of stock-based compensation awards406 — 343 — Diluted EPU Units102,493 101,587 102,273 101,304 

 15.    NONCONTROLLING INTERESTS IN SUBSIDIARIES

Noncontrolling interests in subsidiaries in the accompanying consolidated financial statements relate to (i) common units (“Common Units”) and LTIP units in the Operating Partnership, held by parties other than the General Partner (“Limited Partners”), and (ii) interests in consolidated joint ventures for the portion of such ventures not owned by the Company.The following table reflects the activity of noncontrolling interests for the three and nine months ended September 30, 2025 and 2024, respectively: Three Months EndedSeptember 30,Nine Months EndedSeptember 30, (dollars in thousands)2025 202420252024Opening Balance$128,470 $138,648 $133,678 $