v3.22.1
Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUES    
Revenue from leases $ 65,808 $ 65,771
Total revenues 99,099 76,093
EXPENSES    
Real estate taxes 12,694 11,831
Utilities 3,933 4,092
Operating services 18,531 15,450
Real estate services expenses 2,363 3,318
General and administrative 19,475 13,989
Depreciation and amortization 26,514 28,173
Land and other impairments, net 2,932 413
Total expenses 86,442 77,266
OTHER (EXPENSE) INCOME    
Interest expense (15,025) (17,610)
Interest and other investment income (loss) 158 17
Equity in earnings (loss) of unconsolidated joint ventures (487) (1,456)
Realized gains (losses) and unrealized gains (losses) on disposition of rental property, net 1,836  
Gain on disposition of developable land 2,623  
Gain (loss) from extinguishment of debt, net (6,289)  
Total other income (expense) (17,184) (19,049)
Income (loss) from continuing operations (4,527) (20,222)
Discontinued operations:    
Income from discontinued operations   10,962
Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net   22,781
Total discontinued operations, net   33,743
Net income (loss) (4,527) 13,521
Noncontrolling interests in consolidated joint ventures 974 1,335
Noncontrolling interests in Operating Partnership of income from continuing operations 898 2,305
Noncontrolling interests in Operating Partnership in discontinued operations   (3,067)
Redeemable noncontrolling interests (6,437) (6,471)
Net income (loss) available to common shareholders $ (9,092) $ 7,623
Basic earnings per common share:    
Income (loss) from continuing operations $ (0.13) $ (0.28)
Discontinued operations   0.34
Net income (loss) available to common shareholders (0.13) 0.06
Diluted earnings per common share:    
Income (loss) from continuing operations (0.13) (0.28)
Discontinued operations   0.34
Net income (loss) available to common shareholders $ (0.13) $ 0.06
Basic weighted average shares outstanding 90,951 90,692
Diluted weighted average shares outstanding 99,934 99,760
Real Estate Services [Member]    
REVENUES    
Total revenues $ 910 $ 2,527
Parking Income [Member]    
REVENUES    
Total revenues 4,177 3,086
Hotel Income [Member]    
REVENUES    
Total revenues 1,417 1,053
Other Income [Member]    
REVENUES    
Total revenues 26,787 3,656
VERIS RESIDENTIAL, L.P. [Member]    
REVENUES    
Revenue from leases 65,808 65,771
Total revenues 99,099 76,093
EXPENSES    
Real estate taxes 12,694 11,831
Utilities 3,933 4,092
Operating services 18,531 15,450
Real estate services expenses 2,363 3,318
General and administrative 19,475 13,989
Depreciation and amortization 26,514 28,173
Land and other impairments, net 2,932 413
Total expenses 86,442 77,266
OTHER (EXPENSE) INCOME    
Interest expense (15,025) (17,610)
Interest and other investment income (loss) 158 17
Equity in earnings (loss) of unconsolidated joint ventures (487) (1,456)
Realized gains (losses) and unrealized gains (losses) on disposition of rental property, net 1,836  
Gain on disposition of developable land 2,623  
Gain (loss) from extinguishment of debt, net (6,289)  
Total other income (expense) (17,184) (19,049)
Income (loss) from continuing operations (4,527) (20,222)
Discontinued operations:    
Income from discontinued operations   10,962
Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net   22,781
Total discontinued operations, net   33,743
Net income (loss) (4,527) 13,521
Noncontrolling interests in consolidated joint ventures 974 1,335
Redeemable noncontrolling interests (6,437) (6,471)
Net income (loss) available to common shareholders $ (9,990) $ 8,385
Basic earnings per common share:    
Income (loss) from continuing operations $ (0.13) $ (0.28)
Discontinued operations   0.34
Net income (loss) available to common shareholders (0.13) 0.06
Diluted earnings per common share:    
Income (loss) from continuing operations (0.13) (0.28)
Discontinued operations   0.34
Net income (loss) available to common shareholders $ (0.13) $ 0.06
Basic weighted average units outstanding 99,934 99,760
Diluted weighted average units outstanding 99,934 99,760
VERIS RESIDENTIAL, L.P. [Member] | Real Estate Services [Member]    
REVENUES    
Total revenues $ 910 $ 2,527
VERIS RESIDENTIAL, L.P. [Member] | Parking Income [Member]    
REVENUES    
Total revenues 4,177 3,086
VERIS RESIDENTIAL, L.P. [Member] | Hotel Income [Member]    
REVENUES    
Total revenues 1,417 1,053
VERIS RESIDENTIAL, L.P. [Member] | Other Income [Member]    
REVENUES    
Total revenues $ 26,787 $ 3,656

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