Veris Residential, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Tenant Leases

Tenant Leases

6 Months Ended

Jun. 30, 2016

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 June 30, 2016 are as follows (dollars in thousands):



Year		Amount
July 1 through December 31, 2016	$	234,508
2017		439,968
2018		373,910
2019		315,521
2020		268,005
2021 and thereafter		1,110,072

Total	$	2,741,984

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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