Company: VRE
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001628280-25-045884
Chunk: 43

Company: Veris Residential, Inc.
Filing Date: 2025-10-22
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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469 Supplemental schedule of non-cash investing and financing activities:Mortgage and loans payable assumed in real estate acquisitions$180,969 $— Mortgage and loans payable assigned through sales of rental property$(41,000)$— 

(1)Includes Restricted Cash of $17,059 and $26,572 as of December 31, 2024 and 2023, respectively.

(2)Includes Restricted Cash of $17,042 and $19,687 as of September 30, 2025 and 2024, respectively.

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

11

Table of ContentsVERIS RESIDENTIAL, L.P. AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS (in thousands, except per unit amounts) (unaudited)

ASSETSSeptember 30,2025December 31,2024Rental propertyLand and leasehold interests$438,018$458,946Buildings and improvements2,587,8832,634,321Tenant improvements16,38814,784Furniture, fixtures and equipment115,693112,2013,157,9823,220,252Less – accumulated depreciation and amortization(495,698)(432,531)2,662,2842,787,721Real estate held for sale, net—7,291Net investment in rental property2,662,2842,795,012Cash and cash equivalents8,7787,251Restricted cash17,04217,059Investments in unconsolidated joint ventures52,841111,301Unbilled rents receivable, net3,3022,253Deferred charges and other assets, net46,59848,476Accounts receivable9181,375Total assets$2,791,763$2,982,727LIABILITIES AND EQUITYRevolving credit facility and term loans$31,000$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 interests9,2949,294Partners’ Capital