Company: VRE
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001628280-25-045884
Chunk: 45

Company: Veris Residential, Inc.
Filing Date: 2025-10-22
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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,255 Equity in earnings (losses) of unconsolidated joint ventures340 (268)4,708 2,919 Realized gains (losses) and unrealized gains (losses) on disposition of rental property, net91,037 — 84,160 — Gain (loss) on disposition of developable land(1,118)— 35,292 11,515 Gain (loss) on sale of unconsolidated joint venture interests— — 5,122 7,100 Gain (loss) from extinguishment of debt, net(3,212)8 (3,212)(777)Other income (expense), net(121)(310)302 (305)Total other (expense) income, net64,859 (21,896)56,836 (41,976)Income (loss) from continuing operations before income tax expense77,579 (11,074)75,718 (15,792)Provision for income taxes(35)(39)(170)(274)Income (loss) from continuing operations after income tax expense77,544 (11,113)75,548 (16,066)Discontinued operations:Income (loss) from discontinued operations3,782 206 3,891 1,877 Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net— — — 1,548 Total discontinued operations, net3,782 206 3,891 3,425 Net income (loss)81,326 (10,907)79,439 (12,641)Noncontrolling interests in consolidated joint ventures907 391 3,181 1,429 Redeemable noncontrolling interests(81)(81)(243)(459)Net income (loss) available to common unitholders$82,152 $(10,597)$82,377 $(11,671)Basic earnings per common unit:Income (loss) from continuing operations$0.77 $(0.10)$0.77 $(0.15)Discontinued operations0.04 — 0.04 0.03 Net income (loss) available to common unitholders$0.81 $(0.10)$0.81 $(0.12)Diluted earnings per common unit:Income (