Company: VRE
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0000924901-25-000051
Chunk: 153

Company: Veris Residential, Inc.
Filing Date: 2025-07-23
Form: 10-Q
Item: Part I, Item 8
Chunk 153
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,176)(4,388)10.2 Interest and other investment income 95 2,074 (1,979)(95.4)Equity in earnings (losses) of unconsolidated joint ventures4,368 3,1871,181 37.1 Realized gains (losses) and unrealized gains (losses) on disposition of rental property, net(6,877)—(6,877)(100.0)Gain (loss) on disposition of developable land36,410 11,515 24,895 216.2 Gain (loss) on sale of unconsolidated joint venture interests5,122 7,100 (1,978)(27.9)Gain (loss) from extinguishment of debt, net— (785)785 (100.0)Other income (expense), net423 5 418 8360.0 Total other (expense) income, net(8,023)(20,080)12,057 (60.0)Income (loss) from continuing operations before income tax expense(1,861)(4,718)2,857 (60.6)Provision for income taxes(135)(235)100 (42.6)Income (loss) from continuing operations after income tax expense(1,996)(4,953)2,957 (59.7)Discontinued operations:Income (loss) from discontinued operations109 1,671(1,562)(93.5)Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net— 1,548 (1,548)(100.0)Total discontinued operations, net109 3,219 (3,110)(96.6)Net income (loss)$(1,887)$(1,734)$(153)8.8 %

46

The following is a summary of the changes in revenue from rental operations and other, and property expenses in 2025, as

compared to 2024, divided into Same-Store Properties and Acquired and Developed Properties (excluding properties classified as discontinued operations):

(dollars inthousands)TotalCompanySame-StorePropertiesAcquired and DevelopedPropertiesDollarChangePercent ChangeDollarChangePercentChangeDollarChangePercentChangeRevenue from rentaloperations and other:Revenue from leases$9,754 8.0 %