Company: VRE
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001628280-25-045884
Chunk: 89

Company: Veris Residential, Inc.
Filing Date: 2025-10-22
Form: 10-Q
Item: Part I, Item 1
Chunk 89
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,917 67,381 5,536 8.2 Property expenses:Real estate taxes10,129 8,572 1,557 18.2 Utilities2,382 2,129253 11.9 Operating services12,808 10,156 2,652 26.1 Total property expenses25,319 20,857 4,462 21.4  Non-property revenues:Management fees523 794 (271)(34.1)Total non-property revenues523 794 (271)(34.1)Non-property expenses:Property management4,261 3,762499 13.3 General and administrative8,517 8,956(439)(4.9)Transaction related costs1,550 — 1,550 100.0 Depreciation and amortization21,073 21,159(86)(0.4)Land and other impairments, net— 2,619 (2,619)(100.0)Total non-property expenses35,401 36,496 (1,095)(3.0)Operating profit12,720 10,822 1,898 17.5 Other (expense) income:Interest expense(22,240)(21,507)(733)3.4 Interest and other investment income 173 181(8)(4.4)Equity in earnings (losses) of unconsolidated joint ventures340 (268)608 (226.9)Realized gains (losses) and unrealized gains (losses) on disposition of rental property, net91,037 — 91,037 100.0 Gain (loss) on disposition of developable land(1,118)— (1,118)(100.0)Gain (loss) from extinguishment of debt, net(3,212)8(3,220)(40,250.0)Other income (expense), net(121)(310)189 (61.0)Total other (expense) income, net64,859 (21,896)86,755 (396.2)Income (loss) from continuing operations before income tax expense77,579 (11,074)88,653 (800.6)Provision for income taxes(35)(39)4 (10.3)Income (loss) from continuing operations after income tax expense77