Company: VRE
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0000924901-25-000028
Chunk: 33

Company: Veris Residential, Inc.
Filing Date: 2025-04-23
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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s from sale of investments in unconsolidated joint ventures— 6,095 Repayment of notes receivable— 24 Investment in unconsolidated joint ventures— (61)Distributions in excess of cumulative earnings from unconsolidated joint ventures3,192 1,702 Proceeds from insurance settlements— 255 Net cash provided by (used in) investing activities - continuing operations3,442 12,569 Net cash provided by (used in) investing activities - discontinued operations— 81,204 Net cash provided by (used in) investing activities$3,442 $93,773 CASH FLOW FROM FINANCING ACTIVITIESBorrowings from revolving credit facility$20,000 $— Repayment of revolving credit facility(24,000)— Repayment of mortgages, loans payable and other obligations(2,293)(1,760)Redemption of redeemable noncontrolling interests, net— (15,700)Common unit redemptions(148)— Payment of financing costs and derivative premiums, net(18)(90)Contribution from noncontrolling interests70 — Distribution to noncontrolling interests(158)(933)Distributions to redeemable noncontrolling interests(81)(302)Payment of common dividends and distributions(8,286)(5,338)Share issuance proceeds (costs), net— (55)Payment for taxes related to the net share settlement of stock compensation awards(3,923)(1,534)Net cash provided by (used in) financing activities$(18,837)$(25,712)Net increase (decrease) in cash and cash equivalents$(2,202)$83,771 Cash, cash equivalents and restricted cash, beginning of period (1)24,310 54,579 Cash, cash equivalents and restricted cash, end of period (2)$22,108 $138,350 

(1)Includes Restricted Cash of $17,059 and $26,572 as of December 31, 2024 and 2023, respectively.

(2)Includes Restricted Cash of $14,512 and $25,649 as of March 31, 2025 and 2024, respectively.

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

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Table of ContentsVERIS RESIDENTIAL, L.P. AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS (in thousands,