Company: VRE
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000924901-25-000011
Chunk: 177

Company: Veris Residential, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 177
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4,309 8,996 4,499 Net income (loss)(26,664)(112,361)(34,885)Noncontrolling interests in consolidated joint ventures1,924 2,319 3,079 Noncontrolling interests in Operating Partnership of loss (income) from continuing operations2,531 11,174 5,688 Noncontrolling interests in Operating Partnership in discontinued operations(371)(779)(414)Redeemable noncontrolling interests(540)(7,618)(25,534)Net income (loss) available to common shareholders$(23,120)$(107,265)$(52,066)Basic earnings per common share:Income (loss) from continuing operations$(0.29)$(1.31)$(0.68)Discontinued operations0.04 0.09 0.05 Net income (loss) available to common shareholders$(0.25)$(1.22)$(0.63)Diluted earnings per common share:Income (loss) from continuing operations$(0.29)$(1.31)$(0.68)Discontinued operations0.04 0.09 0.05 Net income (loss) available to common shareholders$(0.25)$(1.22)$(0.63)Basic weighted average shares outstanding92,695 91,883 91,046 Diluted weighted average shares outstanding101,381 100,812 100,265 

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

44

VERIS RESIDENTIAL, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (in thousands)

Year Ended December 31,202420232022Net income (loss)$(26,664)$(112,361)$(34,885)Other comprehensive income (loss):Net unrealized (loss) gain on derivative instruments for interest rate caps(1,809)(2,375)4,366 Comprehensive income (loss)$(28,473)$(114,736)$(30,519)Comprehensive loss (income) attributable to noncontrolling interests in consolidated joint ventures1,924 2,319 3,079 Comprehensive loss (income) attributable to redeemable noncontrolling interests(540)(7,618)(25,534)Comprehensive loss (income) attributable to noncontrolling interests in Operating Partnership2,