Company: VRE
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000924901-25-000011
Chunk: 78

Company: Veris Residential, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 78
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 following schedule reconciles net operating income (loss) to net income (loss) available to common unitholders (dollars in thousands): Year Ended December 31,20232022Net operating income (loss)$(26,768)$(9,246)Add (deduct):Depreciation and amortization(86,235)(77,903)Land and other impairments, net(9,324)(9,368)Gain (loss) on disposition of developable land7,06857,262Gain (loss) from extinguishment of debt, net(5,606)(129)Income (loss) from continuing operations before income tax expense(120,865)(39,384)Provision for income taxes(492)— Income (loss) from continuing operations after income tax expense(121,357)(39,384)Discontinued operationsIncome (loss) from discontinued operations(32,686)(64,854)Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net41,68269,353 Total discontinued operations, net8,9964,499 Net income (loss)(112,361)(34,885)Noncontrolling interests in consolidated joint ventures2,3193,079Redeemable noncontrolling interests(7,618)(25,534)Net income (loss) available to common unitholders$(117,660)$(57,340)

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VERIS RESIDENTIAL, INC., VERIS RESIDENTIAL, L.P. AND SUBSIDIARIES

REAL ESTATE INVESTMENTS AND ACCUMULATED DEPRECIATION

December 31, 2024

(dollars in thousands)

SCHEDULE III

Property LocationProperty TypeYearBuiltAcquiredRelatedEncumbrancesInitial CostsCostsCapitalizedSubsequent toAcquisition (c)Gross Amount at WhichCarried at Close ofPeriod (a)TotalAccumulatedDepreciation (b)LandBuilding andImprovementsLandBuilding andImprovements   NEW JERSEY  Bergen CountyPark RidgeThe JamesMultifamily20212022(d)$12,047 $114,208 $1,419 $12,047 $115,627 $127,674 $7,091 Essex County  Millburn (Short Hills)           The UptonMultifamily2021—74,730 2,850 —