Company: VRE
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001628280-25-045884
Chunk: 34

Company: Veris Residential, Inc.
Filing Date: 2025-10-22
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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000$348,839Mortgages, loans payable and other obligations, net1,402,5371,323,474Dividends and distributions payable8,5878,533Accounts payable, accrued expenses and other liabilities51,79542,744Rents received in advance and security deposits11,58211,512Accrued interest payable5,1315,262Total liabilities1,510,6321,740,364Commitments and contingenciesRedeemable noncontrolling interests9,2949,294Equity:Veris Residential, Inc. stockholders’ equity:Common stock, $0.01 par value, 190,000,000 shares authorized, 93,426,296 and 92,912,253 shares outstanding934929Additional paid-in capital2,570,1292,564,495Dividends in excess of net earnings(1,413,515)(1,466,187)Accumulated other comprehensive income (loss)(684)154Total Veris Residential, Inc. stockholders’ equity1,156,8641,099,391Noncontrolling interests in subsidiaries:Operating Partnership106,342102,588Consolidated joint ventures8,63131,090Total noncontrolling interests in subsidiaries114,973133,678Total equity1,271,8371,233,069Total liabilities and equity$2,791,763$2,982,727

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

6

Table of ContentsVERIS RESIDENTIAL, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share amounts) (unaudited)

Three Months EndedSeptember 30,Nine Months EndedSeptember 30,REVENUES2025202420252024Revenue from leases$67,625 $62,227 $198,938 $183,786 Management fees523 794 2,007 2,587Parking income3,893 3,903 12,018 11,570Other income1,399 1,251 4,161 5,048Total revenues73,440 68,175 217,124 202,991EXPENSESReal estate taxes10,129 8,572 29,446 27,251Utilities2,382 2,129 7,292 6,196Operating services12,808 10,156 36,688 35,354