Veris Residential, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Tenant Leases

Tenant Leases

12 Months Ended

Dec. 31, 2015

14. TENANT LEASES

The Properties are leased to tenants under operating leases with various expiration dates through 2035. Substantially all of the commercial leases provide for annual base rents plus recoveries and escalation charges based upon the tenant’s proportionate share of and/or increases in real estate taxes and certain operating costs, as defined, and the pass‑through of charges for electrical usage.

Future minimum rentals to be received under non-cancelable commercial operating leases at December 31, 2015 are as follows (dollars in thousands):



Year		Amount
2016	$	463,029
2017		423,654
2018		342,756
2019		280,123
2020		239,079
2021 and thereafter		902,403

Total	$	2,651,044

Multi-family rental property residential leases are excluded from the above table as they generally expire within one year.

- Definition

The entire disclosure for lessor entity's leasing arrangements for operating, capital and leveraged leases.

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