Company: VRE
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001628280-25-045884
Chunk: 160

Company: Veris Residential, Inc.
Filing Date: 2025-10-22
Form: 10-Q
Item: Part I, Item 8
Chunk 160
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 property, net(91,037)— (84,160)— Discontinued operations: Realized (gains) losses and unrealized (gains) losses on disposition of rental property, net— — — (1,548)Funds from operations available to common stock and Operating Partnership unitholders$12,510 $12,804 $61,166 $48,896 

(a)Includes land impairment charges, after allocations to Noncontrolling interests in consolidated joint ventures, of zero and $2.6 million for the three months ended September 30, 2025 and 2024, respectively, and $14.1 million and $2.6 million for the nine months ended September 30, 2025 and 2024, respectively.

Also includes gains (losses) on disposition of developable land, after allocations to Noncontrolling interests in consolidated joint ventures, of $(0.6) million and zero for the three months ended September 30, 2025 and 2024, respectively, and  $35.9 million and $11.5 million for the nine months ended September 30, 2025 and 2024, respectively.

These balances are included in the calculation to arrive at funds from operations as such charges relate to non-depreciable assets.

(b)Includes the Company’s share from unconsolidated joint ventures, and adjustments for noncontrolling interests of $0.5 million and $2.4 million for the three months ended September 30, 2025 and 2024, respectively, and $3.7 million and $7.5 million for the nine months ended September 30, 2025 and 2024, respectively. 

Excludes non-real estate-related depreciation and amortization of $0.2 million for both the three months ended September 30, 2025 and 2024, and $0.4 million and $0.6 million for the nine months ended September 30, 2025 and 2024, respectively.

DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS

We consider portions of this information, including the documents incorporated by reference, to be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of such act. Such