Company: VRE
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000924901-25-000011
Chunk: 23

Company: Veris Residential, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 23
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Operating activities:Depreciation and amortization, including related intangible assets82,744 86,156 77,860 Amortization of directors deferred compensation stock units394 394 440 Amortization of stock compensation13,171 19,876 13,767 Amortization of deferred financing costs and derivative premiums10,587 4,416 4,394 Equity in (earnings) loss of unconsolidated joint ventures(3,934)(3,102)(1,200)Distributions of cumulative earnings from unconsolidated joint ventures— — 13 (Gain) loss on disposition of developable land(11,515)(7,068)(57,262)Land and other impairments, net2,619 9,324 9,368 (Gain) loss from sale of investment in unconsolidated joint venture(6,946)— — (Gain) loss from extinguishment of debt777 5,606 129 Gain on insurance proceeds— (2,871)— Interest cost of mandatorily redeemable noncontrolling interests— 49,782 — Changes in operating assets and liabilities:Decrease (Increase) in unbilled rents receivable, net(695)1,755 3,078 Decrease (Increase) in deferred charges and other assets5,030 3,075 (4,695)Decrease (Increase) in accounts receivable, net165 (62)(36)(Decrease) Increase in accounts payable, accrued expenses and other liabilities(5,487)(4,114)1,921 (Decrease) Increase in rents received in advance and security deposits(326)633 3,131 (Decrease) Increase in accrued interest payable(1,318)42 2,152 Net cash flows provided by (used in) operating activities - continuing operations54,293 42,485 13,676 Net cash flows provided by (used in) operating activities - discontinued operations(1,965)3,055 52,778 Net cash provided by (used in) operating activities$52,328 $45,540 $66,454 CASH FLOWS FROM INVESTING ACTIVITIESRental property acquisitions and related intangibles$— $— $(130,500)Rental property additions and improvements(18,369)(12,400)(16,619)