Company: VRE
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0000924901-25-000051
Chunk: 36

Company: Veris Residential, Inc.
Filing Date: 2025-07-23
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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 12,628 23,880 25,198Property management4,088 4,366 8,473 9,608General and administrative9,605 8,975 19,673 20,063Transaction related costs1,570 890 1,878 1,406Depreciation and amortization22,471 20,316 43,724 40,433Land and other impairments, net12,467 — 15,667 — Total expenses75,296 58,473 137,522 119,454OTHER (EXPENSE) INCOMEInterest expense(24,604)(21,676)(47,564)(43,176)Interest and other investment income 70 1,536 95 2,074Equity in earnings (losses) of unconsolidated joint ventures526 2,933 4,368 3,187Realized gains (losses) and unrealized gains (losses) on disposition of rental property, net(6,877)— (6,877)—Gain (loss) on disposition of developable land36,566 10,731 36,410 11,515 Gain (loss) on sale of unconsolidated joint venture interests5,122 — 5,122 7,100 Gain (loss) from extinguishment of debt, net— (785)— (785)Other income (expense), net528 (250)423 5 Total other (expense) income, net11,331 (7,511)(8,023)(20,080)Income (loss) from continuing operations before income tax expense11,963 1,492 (1,861)(4,718)Provision for income taxes(93)(176)(135)(235)Income (loss) from continuing operations after income tax expense11,870 1,316 (1,996)(4,953)Discontinued operations:Income (loss) from discontinued operations(27)1,419 109 1,671Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net— — — 1,548Total discontinued operations, net(27)1,419 109 3,219 Net income (loss)11,843 2,735 (1,887)(1,734)Noncontrolling interests in consolidated joint