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VERIS RESIDENTIAL, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Rental property    
Land and leasehold interests $ 474,499 $ 492,204
Buildings and improvements 2,782,468 3,332,315
Tenant improvements 30,908 122,509
Furniture, fixtures and equipment 103,613 99,094
Gross investment in rental property 3,391,488 4,046,122
Less – accumulated depreciation and amortization (443,781) (631,910)
Total investment in rental property 2,947,707 3,414,212
Real estate held for sale, net 58,608 193,933
Net investment in rental property 3,006,315 3,608,145
Cash and cash equivalents 28,007 26,782
Restricted cash 26,572 20,867
Investments in unconsolidated joint ventures 117,954 126,158
Unbilled rents receivable, net 5,500 39,734
Deferred charges and other assets, net 53,956 96,162
Accounts receivable 2,742 2,920
Total assets 3,241,046 3,920,768
LIABILITIES AND EQUITY    
Mortgages, loans payable and other obligations, net 1,853,897 1,903,977
Dividends and distributions payable 5,540 110
Accounts payable, accrued expenses and other liabilities 55,492 72,041
Rents received in advance and security deposits 14,985 22,941
Accrued interest payable 6,580 7,131
Total liabilities 1,936,494 2,006,200
Commitments and contingencies
Redeemable noncontrolling interests 24,999 515,231
Veris Residential, Inc. stockholders’ equity:    
Common stock, $0.01 par value, 190,000,000 shares authorized, 92,229,424 and 91,141,649 shares outstanding 922 911
Additional paid-in capital 2,553,060 2,532,182
Dividends in excess of net earnings (1,418,312) (1,301,385)
Accumulated other comprehensive income 1,808 3,977
Total Veris Residential, Inc. stockholders’ equity 1,137,478 1,235,685
Noncontrolling interests in subsidiaries:    
Operating Partnership 107,206 126,109
Consolidated joint ventures 34,869 37,543
Total noncontrolling interests in subsidiaries 142,075 163,652
Total equity 1,279,553 1,399,337
Total liabilities and equity $ 3,241,046 $ 3,920,768

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