Company: VRE
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000924901-25-000011
Chunk: 183

Company: Veris Residential, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 183
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The accompanying notes are an integral part of these consolidated financial statements. 

47

VERIS RESIDENTIAL, L.P. AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS (in thousands, except per unit amounts)

ASSETSDecember 31,2024December 31,2023Rental propertyLand and leasehold interests$458,946 $474,499 Buildings and improvements2,634,321 2,782,468 Tenant improvements14,784 30,908 Furniture, fixtures and equipment112,201 103,613 3,220,252 3,391,488 Less – accumulated depreciation and amortization(432,531)(443,781)2,787,721 2,947,707 Real estate held for sale, net7,291 58,608 Net investment in rental property2,795,012 3,006,315 Cash and cash equivalents7,251 28,007 Restricted cash17,059 26,572 Investments in unconsolidated joint ventures111,301 117,954 Unbilled rents receivable, net2,253 5,500 Deferred charges and other assets, net48,476 53,956 Accounts receivable1,375 2,742 Total assets$2,982,727 $3,241,046 LIABILITIES AND EQUITYRevolving credit facility and term loans$348,839 $— Mortgages, loans payable and other obligations, net1,323,474 1,853,897 Dividends payable8,533 5,540 Accounts payable, accrued expenses and other liabilities42,744 55,492 Rents received in advance and security deposits11,512 14,985 Accrued interest payable5,262 6,580 Total liabilities1,740,364 1,936,494 Commitments and contingenciesRedeemable noncontrolling interests9,294 24,999 Partners’ Capital:General Partner, 92,912,253 and 92,229,424 common units outstanding1,035,795 1,071,973 Limited partners, 8,672,247 and 8,692,561 common units/LTIPs outstanding166,030 170,903 Accumulated other comprehensive income (loss)154 1,808 Total Veris