Company: VRE
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001628280-25-045884
Chunk: 157

Company: Veris Residential, Inc.
Filing Date: 2025-10-22
Form: 10-Q
Item: Part I, Item 8
Chunk 157
---
 net, pertaining to the Company's Revolving Credit Facility as of September 30, 2025.

51

Debt Maturities

Scheduled principal payments and related weighted average annual effective interest rates for the Company’s debt as of September 30, 2025 are as follows:

PeriodScheduledAmortization($000’s)PrincipalMaturities($000’s)Total($000’s)Weighted Avg.Effective Interest Rate ofFuture Repayments2025$2,476 $— $2,476 3.69 %20267,879 411,404 419,283 4.44 20275,326 295,318 300,644 3.96 20282,396 343,061 345,457 6.03 20292,289 309,335 311,624 4.94 Thereafter1,771 60,813 62,584 3.21 Sub-total22,137 1,419,931 1,442,068 4.77 Unamortized deferred financing costs (a)(8,531)— (8,531)Totals/Weighted Average$13,606 $1,419,931 $1,433,537 4.77 %

(a)Excludes $4.2 million of unamortized deferred financing costs recorded in Deferred charges and other assets, net, pertaining to the Company's Revolving Credit Facility as of September 30, 2025.

Unencumbered Properties

As of September 30, 2025, the Company had three unencumbered properties with a carrying value of $97.0 million.

Equity Financing and Registration Statements

Shelf Registration Statements

The General Partner has an effective shelf registration statement on Form S-3 filed with the SEC for an aggregate amount of $2.0 billion in common stock, preferred stock, depositary shares, and/or warrants of the General Partner, under which $100 million of shares of common stock have been allocated for sale pursuant to the Company's ATM Program commenced in November 2023 and 133,759 shares have been sold, for gross proceeds of $1.8 million, as of September 30, 2025. No shares were sold pursuant to the ATM Program during the three and nine months ended September 30, 2025.

The General Partner and the Operating Partnership also have an effective shelf registration statement on Form S-3