Company: VRE
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0000924901-25-000028
Chunk: 38

Company: Veris Residential, Inc.
Filing Date: 2025-04-23
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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— 1,092 Stock compensation258 — 4,200 — — — 4,200 Cancellation of restricted shares(102)— (1,534)— — — (1,534)Balance at March 31, 202492,385 8,694 $1,065,797 $170,172 $2,806 $33,441 $1,272,216 

The accompanying notes are an integral part of these consolidated financial statements.

14

Table of ContentsVERIS RESIDENTIAL, L.P. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) (unaudited)

Three Months Ended March 31,CASH FLOWS FROM OPERATING ACTIVITIES20252024Net loss$(13,730)$(4,469)Net (income) loss from discontinued operations(136)(1,800)Net loss from continuing operations(13,866)(6,269)Adjustments to reconcile net loss to net cash provided byOperating activities:Depreciation and amortization, including related intangible assets21,250 20,109 Amortization of deferred compensation stock units98 99 Amortization of stock compensation3,268 4,200 Amortization of deferred financing costs and derivative premiums2,779 1,242 Equity in (earnings) loss of unconsolidated joint ventures(3,842)(254)Gain (loss) on disposition of developable land156 (784)(Gain) loss on sale of unconsolidated joint ventures— (7,100)Land and other impairments, net3,200 — Gain on insurance proceeds— (255)Changes in operating assets and liabilities:Decrease (increase) in unbilled rents receivable, net(156)16 Decrease (increase) in deferred charges and other assets1,844 3,909 Decrease (increase) in accounts receivable, net206 (131)(Decrease) increase in accounts payable, accrued expenses and other liabilities(1,895)239 (Decrease) increase in rents received in advance and security deposits17 383 (Decrease) increase in accrued interest payable(30)(94)Net cash flows provided by (used in) operating activities - continuing operations13,029 15,310 Net cash flows provided by (used in) operating activities - discontinued operations