Company: VRE
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000924901-25-000011
Chunk: 12

Company: Veris Residential, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 12
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 financial statements.

44

VERIS RESIDENTIAL, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (in thousands)

Year Ended December 31,202420232022Net income (loss)$(26,664)$(112,361)$(34,885)Other comprehensive income (loss):Net unrealized (loss) gain on derivative instruments for interest rate caps(1,809)(2,375)4,366 Comprehensive income (loss)$(28,473)$(114,736)$(30,519)Comprehensive loss (income) attributable to noncontrolling interests in consolidated joint ventures1,924 2,319 3,079 Comprehensive loss (income) attributable to redeemable noncontrolling interests(540)(7,618)(25,534)Comprehensive loss (income) attributable to noncontrolling interests in Operating Partnership2,315 10,601 4,876 Comprehensive income (loss) attributable to common shareholders$(24,774)$(109,434)$(48,098)

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

45

VERIS RESIDENTIAL, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENT OF CHANGES IN EQUITY (in thousands)

Common Stock Additional Paid-In Capital Dividends in Excess of  Net EarningsAccumulated Other Comprehensive  Income (Loss) Noncontrolling  Interests  in Subsidiaries Total EquityShares Par ValueBalance at January 1, 202290,948 $909 $2,530,383 $(1,249,319)$9 $167,436 $1,449,418 Net income (loss)— — — (52,066)— 17,181 (34,885)Common unit distributions— — — — — 218 218 Redeemable noncontrolling interests— — (5,475)— — (26,082)(31,557)Change in noncontrolling interests in consolidated joint ventures— — — — — 239 239 Redemption of common units for common stock12 — 161 — — (161)— Redemption of common units— — — — — (1,826)(1,826)Shares issued under Dividend Re