Company: VRE
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000924901-25-000011
Chunk: 14

Company: Veris Residential, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 14
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$2,553,060 $(1,418,312)$1,808 $142,075 $1,279,553 Net income (loss)— — — (23,120)— (3,544)(26,664)Shares issued under ATM Program, net134 1 1,764 — — — 1,765 Common stock dividends— — — (24,755)— — (24,755)Common unit distributions— — — — — (2,290)(2,290)Redeemable noncontrolling interests— — — — — (540)(540)Change in noncontrolling interests in consolidated joint ventures— — — — — (1,852)(1,852)Redemption of common units for common stock22 — 268 — — (268)— Shares issued under Dividend Reinvestment and Stock Purchase Plan— — 11 — — — 11 Directors' deferred compensation plan— — 394 — — — 394 Stock compensation794 8 13,251 — — — 13,259 Cancellation of restricted shares(267)(2)(4,001)— — — (4,003)Other comprehensive income (loss)— — — — (1,654)(155)(1,809)Rebalancing of ownership percentage between parent and subsidiaries— — (252)— — 252 — Balance at December 31, 202492,912 $929 $2,564,495 $(1,466,187)$154 $133,678 $1,233,069 

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

46

VERIS RESIDENTIAL, INC. 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)