Company: VRE
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000924901-25-000011
Chunk: 22

Company: Veris Residential, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 22
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,876 Cancellation of restricted shares(39)— (607)— — (607)Balance at December 31, 202392,2298,693 $1,071,973 $170,903 $1,808 $34,869 $1,279,553 Net (loss) income—— (23,120)(2,160)— (1,384)(26,664)Shares issued under ATM Program, net134— 1,765 — — — 1,765 Units Distributions—— (24,755)(2,290)— — (27,045)Redeemable noncontrolling interests—— — — — (540)(540)Change in noncontrolling interests in consolidated joint ventures—— — — — (1,855)(1,855)Vested LTIP Units—1 — — — — — Redemption of limited partners common units22(22)268 (268)— — — Shares issued under Dividend Reinvestment and Stock Purchase Plan—— 11 — — — 11 Directors' deferred compensation plan—— 394 — — — 394 Other comprehensive income (loss)—— — (155)(1,654)— (1,809)Stock compensation794— 13,262 — — — 13,262 Cancellation of restricted shares(267)— (4,003)— — — (4,003)Balance at December 31, 202492,9128,672 $1,035,795 $166,030 $154 $31,090 $1,233,069 

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

51

VERIS RESIDENTIAL, L.P. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) 

 December 31,CASH FLOWS FROM OPERATING ACTIVITIES202420232022Net income (loss)$(26,664)$(112,361)$(34,885)Net loss (income) from discontinued operations(4,309)(8,996)(4,499)Net income (loss) from continuing operations(30,973)(121,357)(39,384)Adjustments to reconcile net income (loss) to net cash provided by