v3.24.1.u1
VERIS RESIDENTIAL, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Rental property    
Land and leasehold interests $ 463,826 $ 474,499
Buildings and improvements 2,633,849 2,782,468
Tenant improvements 8,391 30,908
Furniture, fixtures and equipment 105,668 103,613
Gross investment in rental property 3,211,734 3,391,488
Less – accumulated depreciation and amortization (372,241) (443,781)
Total investment in rental property 2,839,493 2,947,707
Real estate held for sale, net 66,975 58,608
Net investment in rental property 2,906,468 3,006,315
Cash and cash equivalents 112,701 28,007
Restricted cash 25,649 26,572
Investments in unconsolidated joint ventures 118,830 117,954
Unbilled rents receivable, net 1,542 5,500
Deferred charges and other assets, net 45,999 53,956
Accounts receivable 1,671 2,742
Total assets 3,212,860 3,241,046
LIABILITIES AND EQUITY    
Mortgages, loans payable and other obligations, net 1,853,149 1,853,897
Dividends and distributions payable 5,642 5,540
Accounts payable, accrued expenses and other liabilities 53,839 55,492
Rents received in advance and security deposits 12,234 14,985
Accrued interest payable 6,486 6,580
Total liabilities 1,931,350 1,936,494
Commitments and contingencies
Redeemable noncontrolling interests 9,294 24,999
Veris Residential, Inc. stockholders’ equity:    
Common stock, $0.01 par value, 190,000,000 shares authorized, 92,385,167 and 92,229,424 shares outstanding 924 922
Additional paid-in capital 2,555,700 2,553,060
Dividends in excess of net earnings (1,427,199) (1,418,312)
Accumulated other comprehensive income 2,806 1,808
Total Veris Residential, Inc. stockholders’ equity 1,132,231 1,137,478
Noncontrolling interests in subsidiaries:    
Operating Partnership 106,544 107,206
Consolidated joint ventures 33,441 34,869
Total noncontrolling interests in subsidiaries 139,985 142,075
Total equity 1,272,216 1,279,553
Total liabilities and equity $ 3,212,860 $ 3,241,046
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration] Accounts payable, accrued expenses and other liabilities Accounts payable, accrued expenses and other liabilities

Source

PDF HTML 10-Q Filing
ZIP XLS HTML XBRL