v3.25.2
VERIS RESIDENTIAL, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Rental property    
Land and leasehold interests $ 442,566 $ 458,946
Buildings and improvements 2,611,276 2,634,321
Tenant improvements 16,145 14,784
Furniture, fixtures and equipment 112,424 112,201
Gross investment in rental property 3,182,411 3,220,252
Less – accumulated depreciation and amortization (475,073) (432,531)
Total investment in rental property 2,707,338 2,787,721
Real estate held for sale, net 288,575 7,291
Net investment in rental property 2,995,913 2,795,012
Cash and cash equivalents 11,438 7,251
Restricted cash 18,581 17,059
Investments in unconsolidated joint ventures 53,618 111,301
Unbilled rents receivable, net 3,252 2,253
Deferred charges and other assets, net 43,059 48,476
Accounts receivable 1,119 1,375
Total assets 3,126,980 2,982,727
LIABILITIES AND EQUITY    
Revolving credit facility and term loans 324,513 348,839
Mortgages, loans payable and other obligations, net 1,459,964 1,323,474
Liabilities held for sale, net 40,862 0
Dividends and distributions payable 8,529 8,533
Accounts payable, accrued expenses and other liabilities 50,262 42,744
Rents received in advance and security deposits 13,185 11,512
Accrued interest payable 5,806 5,262
Total liabilities 1,903,121 1,740,364
Commitments and contingencies
Redeemable noncontrolling interests 9,294 9,294
Veris Residential, Inc. stockholders’ equity:    
Common stock, $0.01 par value, 190,000,000 shares authorized, 93,422,978 and 92,912,253 shares outstanding 934 929
Additional paid-in capital 2,567,255 2,564,495
Dividends in excess of net earnings (1,481,156) (1,466,187)
Accumulated other comprehensive income (loss) (938) 154
Total Veris Residential, Inc. stockholders’ equity 1,086,095 1,099,391
Noncontrolling interests in subsidiaries:    
Operating Partnership 100,183 102,588
Consolidated joint ventures 28,287 31,090
Total noncontrolling interests in subsidiaries 128,470 133,678
Total equity 1,214,565 1,233,069
Total liabilities and equity $ 3,126,980 $ 2,982,727

Source