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VERIS RESIDENTIAL, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Rental property    
Land and leasehold interests $ 463,826 $ 474,499
Buildings and improvements 2,635,611 2,782,468
Tenant improvements 8,682 30,908
Furniture, fixtures and equipment 105,707 103,613
Gross investment in rental property 3,213,826 3,391,488
Less – accumulated depreciation and amortization (390,556) (443,781)
Total investment in rental property 2,823,270 2,947,707
Real estate held for sale, net 0 58,608
Net investment in rental property 2,823,270 3,006,315
Cash and cash equivalents 18,398 28,007
Restricted cash 22,533 26,572
Investments in unconsolidated joint ventures 120,392 117,954
Unbilled rents receivable, net 1,805 5,500
Deferred charges and other assets, net 49,529 53,956
Accounts receivable 1,998 2,742
Total assets 3,037,925 3,241,046
LIABILITIES AND EQUITY    
Revolving credit facility and term loans 54,189 0
Mortgages, loans payable and other obligations, net 1,632,765 1,853,897
Dividends and distributions payable 6,375 5,540
Accounts payable, accrued expenses and other liabilities 47,117 55,492
Rents received in advance and security deposits 11,280 14,985
Accrued interest payable 5,833 6,580
Total liabilities 1,757,559 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, 92,821,785 and 92,229,424 shares outstanding 928 922
Additional paid-in capital 2,559,343 2,553,060
Dividends in excess of net earnings (1,429,887) (1,418,312)
Accumulated other comprehensive income 2,040 1,808
Total Veris Residential, Inc. stockholders’ equity 1,132,424 1,137,478
Noncontrolling interests in subsidiaries:    
Operating Partnership 105,959 107,206
Consolidated joint ventures 32,689 34,869
Total noncontrolling interests in subsidiaries 138,648 142,075
Total equity 1,271,072 1,279,553
Total liabilities and equity $ 3,037,925 $ 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

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