Company: VRE
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0000924901-25-000028
Chunk: 29

Company: Veris Residential, Inc.
Filing Date: 2025-04-23
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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) INCOMEInterest expense(22,960)(21,500)Interest and other investment income 25 538 Equity in earnings (losses) of unconsolidated joint ventures3,842 254 Gain (loss) on disposition of developable land(156)784 Gain (loss) on sale of unconsolidated joint venture interests— 7,100 Other income (expense), net(105)255 Total other (expense) income, net(19,354)(12,569)Income (loss) from continuing operations before income tax expense(13,824)(6,210)Provision for income taxes(42)(59)Income (loss) from continuing operations after income tax expense(13,866)(6,269)Discontinued operations:Income (loss) from discontinued operations136 252 Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net— 1,548 Total discontinued operations, net136 1,800 Net income (loss)(13,730)(4,469)Noncontrolling interests in consolidated joint ventures2,125 495 Noncontrolling interests in Operating Partnership of income (loss) from continuing operations998 523 Noncontrolling interests in Operating Partnership in discontinued operations(11)(155)Redeemable noncontrolling interests(81)(297)Net income (loss) available to common shareholders$(10,699)$(3,903)Basic earnings per common share:Income (loss) from continuing operations$(0.12)$(0.06)Discontinued operations— 0.02 Net income (loss) available to common shareholders$(0.12)$(0.04)Diluted earnings per common share:Income (loss) from continuing operations$(0.12)$(0.06)Discontinued operations— 0.02 Net income (loss) available to common shareholders$(0.12)$(0.04)Basic weighted average shares outstanding93,059 92,275 Diluted weighted average shares outstanding101,690 100,968 The accompanying notes are an integral part of these consolidated financial statements. 

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Table of ContentsVERIS RESIDENTIAL, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (in thousands) (unaudited)

Three Months EndedMarch 31,20252024Net income (loss