Company: VRE
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001628280-25-045884
Chunk: 148

Company: Veris Residential, Inc.
Filing Date: 2025-10-22
Form: 10-Q
Item: Part I, Item 8
Chunk 148
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 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 expense77,544 (11,113)88,657 (797.8)Discontinued operations:Income (loss) from discontinued operations3,782 206 3,576 1,735.9 Total discontinued operations, net3,782 206 3,576 1,735.9 Net income (loss)$81,326 $(10,907)$92,233 (845.6)%

44

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, Acquired and Sold Properties (excluding properties classified as discontinued operations):

(dollars in thousands)TotalCompanySame-StorePropertiesAcquired and Sold PropertiesDollarChangePercent ChangeDollarChangePercentChangeDollarChangePercentChangeRevenue from rental operations and other:Revenue from leases$5,398 8.7 %$1,176 1