Company: VRE
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001628280-25-045884
Chunk: 3

Company: Veris Residential, Inc.
Filing Date: 2025-10-22
Form: 10-Q
Item: Part I, Item 2
Chunk 3
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220)(40,250.0)Other income (expense), net(121)(310)189 (61.0)Total other (expense) income, net64,859 (21,896)86,755 (396.2)Income (loss) from continuing operations before income tax expense77,579 (11,074)88,653 (800.6)Provision for income taxes(35)(39)4 (10.3)Income (loss) from continuing operations after income tax expense77,544 (11,113)88,657 (797.8)Discontinued operations:Income (loss) from discontinued operations3,782 206 3,576 1,735.9 Total discontinued operations, net3,782 206 3,576 1,735.9 Net income (loss)$81,326 $(10,907)$92,233 (845.6)%

44

The following is a summary of the changes in revenue from rental operations and other, and property expenses in 2025, as

compared to 2024, divided into Same-Store Properties, Acquired and Sold Properties (excluding properties classified as discontinued operations):

(dollars in thousands)TotalCompanySame-StorePropertiesAcquired and Sold PropertiesDollarChangePercent ChangeDollarChangePercentChangeDollarChangePercentChangeRevenue from rental operations and other:Revenue from leases$5,398 8.7 %$1,176 1.9 %$4,222 6.8 %Parking income(10)(0.3)(48)(1.2)38 1.0 Other income148 11.8 120 9.6 28 2.2 Total$5,536 8.2 %$1,248 1.9 %$4,288 6.4 %Property expenses:Real estate taxes$1,557 18.2 %$787 9.2 %$770 9.0 %Utilities253 11.9 126 5.9 127 6.0 Operating services2,652 26.1 1,920 18.9 732 7.2 Total$4,462 21.4 %$2,833 13.6 %$1,629 7.8 %OTHER DATA:Number of Consolidated Properties161