Company: VRE
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0000924901-25-000051
Chunk: 3

Company: Veris Residential, Inc.
Filing Date: 2025-07-23
Form: 10-Q
Item: Part I, Item 2
Chunk 3
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,835 240.8 Gain (loss) on sale of unconsolidated joint venture interests5,122 — 5,122 100.0 Gain (loss) from extinguishment of debt, net— (785)785 (100.0)Other income (expense), net528 (250)778 (311.2)Total other (expense) income, net11,331 (7,511)18,842 (250.9)Income (loss) from continuing operations before income tax expense11,963 1,492 10,471 701.8 Provision for income taxes(93)(176)83 (47.2)Income (loss) from continuing operations after income tax expense11,870 1,316 10,554 802.0 Discontinued operations:Income (loss) from discontinued operations(27)1,419 (1,446)(101.9)Total discontinued operations, net(27)1,419 (1,446)(101.9)Net income (loss)$11,843 $2,735 $9,108 333.0 %

43

The following is a summary of the changes in revenue from rental operations and other, and property expenses in 2025, as

compared to 2024, divided into Same-Store Properties and Acquired and Developed Properties (excluding properties classified as discontinued operations):

(dollars in thousands)TotalCompanySame-StorePropertiesAcquired and DevelopedPropertiesDollarChangePercent ChangeDollarChangePercentChangeDollarChangePercentChangeRevenue from rentaloperations and other:Revenue from leases$8,431 13.8 %$1,721 2.8 %$6,710 100.0 %Parking income454 11.6 333 8.5 121 100.0 Other income(328)(18.6)(392)(22.2)64 100.0 Total$8,557 12.8 %$1,662 2.5 %$6,895 100.0 %Property expenses:Real estate taxes$603 6.3 %$(500)(5.3)%$1,103 100.0 %Utilities307 17.1 134 7.5 173 100.0 Operating services259 2.1 (949)(7.5)1,208