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VERIS RESIDENTIAL, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Rental property    
Land and leasehold interests $ 492,456 $ 494,935
Buildings and improvements 3,341,381 3,375,266
Tenant improvements 112,071 106,654
Furniture, fixtures and equipment 96,882 100,011
Gross investment in rental property 4,042,790 4,076,866
Less – accumulated depreciation and amortization (611,759) (583,416)
Total investment in rental property 3,431,031 3,493,450
Real estate held for sale, net 464,954 618,646
Net investment in rental property 3,895,985 4,112,096
Cash and cash equivalents 38,357 31,754
Restricted cash 25,702 19,701
Investments in unconsolidated joint ventures 129,575 137,772
Unbilled rents receivable, net 54,355 72,285
Deferred charges and other assets, net 109,781 151,347
Accounts receivable 2,337 2,363
Total assets 4,256,092 4,527,318
LIABILITIES AND EQUITY    
Revolving credit facility and term loans 109,000 148,000
Mortgages, loans payable and other obligations, net 2,157,706 2,241,070
Dividends and distributions payable 110 384
Accounts payable, accrued expenses and other liabilities 80,618 134,977
Rents received in advance and security deposits 25,751 26,396
Accrued interest payable 5,931 5,760
Total liabilities 2,379,116 2,556,587
Commitments and contingencies
Redeemable noncontrolling interests 514,914 521,313
Veris Residential, Inc. stockholders’ equity:    
Common stock, $0.01 par value, 190,000,000 shares authorized, 91,083,837 and 90,948,008 shares outstanding 911 909
Additional paid-in capital 2,529,645 2,530,383
Dividends in excess of net earnings (1,333,256) (1,249,319)
Accumulated other comprehensive income (loss) 4,279 9
Total Veris Residential, Inc. stockholders’ equity 1,201,579 1,281,982
Noncontrolling interests in subsidiaries:    
Operating Partnership 122,560 127,053
Consolidated joint ventures 37,923 40,383
Total noncontrolling interests in subsidiaries 160,483 167,436
Total equity 1,362,062 1,449,418
Total liabilities and equity $ 4,256,092 $ 4,527,318

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