Company: VRE
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0000924901-25-000051
Chunk: 136

Company: Veris Residential, Inc.
Filing Date: 2025-07-23
Form: 10-Q
Item: Part I, Item 8
Chunk 136
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 CAPITAL

Partners’ Capital in the accompanying consolidated financial statements relates to (a) General Partners’ capital consisting of common units in the Operating Partnership held by the General Partner, and (b) Limited Partners’ capital consisting of common units and Long Term Incentive Performance Units ("LTIP Units") held by the limited partners. See Note 15: Noncontrolling Interests in Subsidiaries.The following table reflects the activity of the General Partner capital for the three and six months ended June 30, 2025 and 2024, respectively (dollars in thousands):Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024Opening Balance $1,080,486$1,132,231$1,099,391$1,137,478Net income (loss) available to common shareholders10,904 2,922205 (981)Shares issued under ATM Program, net— 1,886 —1,831Common stock distributions(7,624)(5,610)(15,174)(10,594)Redemption of common units for common stock30 113 539 113 Shares issued under Dividend Reinvestment and Stock Purchase Plan1334Directors' deferred compensation plan11699214198Stock Compensation2,7423,1996,0647,399Cancellation of common stock(390)(1,807)(4,313)(3,341)Other comprehensive income (loss)(81)(766)(1,092)232Rebalancing of ownership percent between parent and subsidiaries(89)15425885Balance at June 30$1,086,095$1,132,424$1,086,095$1,132,424Any 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 June 30, 2025, the 

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Company sold 133,759 shares pursuant to the ATM Program