Company: VRE
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001628280-25-045884
Chunk: 135

Company: Veris Residential, Inc.
Filing Date: 2025-10-22
Form: 10-Q
Item: Part I, Item 8
Chunk 135
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 activity of the General Partner capital for the three and nine months ended September 30, 2025 and 2024, respectively (dollars in thousands):Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Opening Balance $1,086,095$1,132,424$1,099,391$1,137,478Net income (loss) available to common shareholders75,237 (9,692)75,442 (10,673)Shares issued under ATM Program, net— (66)—1,765Common stock distributions(7,596)(6,628)(22,770)(17,222)Redemption of common units for common stock70 22 609 135 Shares issued under Dividend Reinvestment and Stock Purchase Plan2256Directors' deferred compensation plan12498338296Stock Compensation3,0572,9269,12110,325Cancellation of common stock(89)(657)(4,402)(3,998)Other comprehensive income (loss)254(4,404)(838)(4,172)Rebalancing of ownership percent between parent and subsidiaries(290)(83)(32)2Balance at September 30$1,156,864$1,113,942$1,156,864$1,113,942Any transactions resulting in the issuance of additional common and preferred stock of the General Partner result in a corresponding issuance by the Operating Partnership of an equivalent amount of common and preferred units to the General Partner.ATM PROGRAMThe Company has a continuous “at-the-market” offering program (“ATM Program”)  pursuant to which shares of our common stock having an aggregate gross sales price of up to $100 million may be sold (i) directly through or to the banks acting as sales agents or as principal for their own accounts or (ii) through or to participating banks or their affiliates acting as forward sellers on behalf of any forward purchasers pursuant to a forward sale agreement. As of September 30, 2025, the Company sold 133,759 shares pursuant to the ATM Program, generating net proceeds of $1.8 million. No shares were sold pursuant to the ATM Program during the three and nine months ended September 30, 2025.SHARE REPURCHASE PROGRAMOn February 19, 2025, the Board of Directors approved a $100 million share repurchase program, with share repurchases under the new program authorized to begin on March 26, 202