Company: VRE
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000924901-25-000011
Chunk: 188

Company: Veris Residential, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 188
---
— — — — Redemption of limited partners common units22(22)268 (268)— — — Shares issued under Dividend Reinvestment and Stock Purchase Plan—— 11 — — — 11 Directors' deferred compensation plan—— 394 — — — 394 Other comprehensive income (loss)—— — (155)(1,654)— (1,809)Stock compensation794— 13,262 — — — 13,262 Cancellation of restricted shares(267)— (4,003)— — — (4,003)Balance at December 31, 202492,9128,672 $1,035,795 $166,030 $154 $31,090 $1,233,069 

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

51

VERIS RESIDENTIAL, L.P. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) 

 December 31,CASH FLOWS FROM OPERATING ACTIVITIES202420232022Net income (loss)$(26,664)$(112,361)$(34,885)Net loss (income) from discontinued operations(4,309)(8,996)(4,499)Net income (loss) from continuing operations(30,973)(121,357)(39,384)Adjustments to reconcile net income (loss) to net cash provided byOperating activities:Depreciation and amortization, including related intangible assets82,744 86,156 77,860 Amortization of directors deferred compensation stock units394 394 440 Amortization of stock compensation13,171 19,876 13,767 Amortization of deferred financing costs and derivative premiums10,587 4,416 4,394 Equity in (earnings) loss of unconsolidated joint ventures(3,934)(3,102)(1,200)Distributions of cumulative earnings from unconsolidated joint ventures— — 13 (Gain) loss on disposition of developable land(11,515)(7,068)(57,262)Land and other impairments, net2,619 9,324 9,368 (Gain) loss from sale of investment in unconsolidated joint venture(6,946)— —