Company: VRE
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001628280-25-045884
Chunk: 44

Company: Veris Residential, Inc.
Filing Date: 2025-10-22
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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:General Partner, 93,426,296 and 92,912,253 common units outstanding1,094,1381,035,795Limited partners, 8,591,702 and 8,672,247 common units/LTIPs outstanding169,752166,030Accumulated other comprehensive income(684)154Total Veris Residential, L.P. partners’ capital1,263,2061,201,979Noncontrolling interests in consolidated joint ventures8,63131,090Total equity1,271,8371,233,069Total liabilities and equity$2,791,763$2,982,727

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

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Table of ContentsVERIS RESIDENTIAL, L.P. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per unit amounts) (unaudited)

Three Months EndedSeptember 30,Nine Months EndedSeptember 30,REVENUES2025202420252024Revenue from leases$67,625 $62,227 $198,938 $183,786 Management fees523 794 2,007 2,587 Parking income3,893 3,903 12,018 11,570 Other income1,399 1,251 4,161 5,048 Total revenues73,440 68,175 217,124 202,991 EXPENSESReal estate taxes10,129 8,572 29,446 27,251 Utilities2,382 2,129 7,292 6,196 Operating services12,808 10,156 36,688 35,354 Property management4,261 3,762 12,734 13,370 General and administrative8,517 8,956 28,190 29,019 Transaction related costs1,550 — 3,428 1,406 Depreciation and amortization21,073 21,159 64,797 61,592 Land and other impairments, net— 2,619 15,667 2,619 Total expenses60,720 57,353 198,242 176,807 OTHER (EXPENSE) INCOMEInterest expense(22,240)(21,507)(69,804)(64,683)Interest and other investment income173 181 268 2