Company: VRE
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000924901-25-000011
Chunk: 158

Company: Veris Residential, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7
Chunk 158
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 the Company’s debt as of December 31, 2024 are as follows:

PeriodScheduledAmortization($000’s)PrincipalMaturities($000’s)Total($000’s)Weighted Avg.Effective Interest Rate ofFuture Repayments2025$9,419 $— $9,419 3.68 %20267,879 467,904 475,783 4.65 %20275,326 657,318 662,644 5.11 %20282,396 343,061 345,457 6.03 %20292,289 127,792 130,081 4.58 %Thereafter1,770 60,812 62,582 3.21 %Sub-total29,079 1,656,887 1,685,966 5.05 %Unamortized deferred financing costs (a)(13,653)— (13,653)Totals/Weighted Average$15,426 $1,656,887 $1,672,313 5.05 %

(a)Excludes $4.7 million of unamortized deferred financing costs recorded in Deferred charges and other assets, net, pertaining to the Company's Revolving Credit Facility as of December 31, 2024.

Unencumbered Properties

As of December 31, 2024, the Company had two unencumbered properties, with a carrying value of $33.4 million.

Equity Financing and Registration Statements

Shelf Registration Statements

The General Partner has an effective shelf registration statement on Form S-3 filed with the SEC for an aggregate amount of $2.0 billion in common stock, preferred stock, depositary shares, and/or warrants of the General Partner, under which $100 million of shares of common stock have been allocated for sale pursuant to the Company's ATM Program commenced in November 2023 and 133,759 shares have been sold, for gross proceeds of $2.1 million, as of December 31, 2024.

The General Partner and the Operating Partnership also have an effective shelf registration statement on Form S-3 filed with the SEC for an aggregate amount of $2.5 billion in common stock, preferred stock, depositary shares and guarantees of the General Partner and debt securities of the Operating Partnership, under which no securities have been sold as of December 31, 2024. 

Dividend