Company: VRE
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000924901-25-000011
Chunk: 11

Company: Veris Residential, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 11
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 unconsolidated joint venture interests6,946 — — Gain (loss) from extinguishment of debt, net(777)(5,606)(129)Other income (expense), net(701)2,871 — Total other income (expense), net(64,693)(126,187)(7,319)Income (loss) from continuing operations before income tax expense(30,697)(120,865)(39,384)Provision for income taxes(276)(492)— Income (loss) from continuing operations after income tax expense(30,973)(121,357)(39,384)Discontinued operations:Income (loss) from discontinued operations862 (32,686)(64,854)Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net3,447 41,682 69,353 Total discontinued operations, net4,309 8,996 4,499 Net income (loss)(26,664)(112,361)(34,885)Noncontrolling interests in consolidated joint ventures1,924 2,319 3,079 Noncontrolling interests in Operating Partnership of loss (income) from continuing operations2,531 11,174 5,688 Noncontrolling interests in Operating Partnership in discontinued operations(371)(779)(414)Redeemable noncontrolling interests(540)(7,618)(25,534)Net income (loss) available to common shareholders$(23,120)$(107,265)$(52,066)Basic earnings per common share:Income (loss) from continuing operations$(0.29)$(1.31)$(0.68)Discontinued operations0.04 0.09 0.05 Net income (loss) available to common shareholders$(0.25)$(1.22)$(0.63)Diluted earnings per common share:Income (loss) from continuing operations$(0.29)$(1.31)$(0.68)Discontinued operations0.04 0.09 0.05 Net income (loss) available to common shareholders$(0.25)$(1.22)$(0.63)Basic weighted average shares outstanding92,695 91,883 91,046 Diluted weighted average shares outstanding101,381 100,812 100,265 

The accompanying notes are an integral part of these consolidated