Veris Residential, Inc. Stockholders’ Equity And Veris Residential, L.P.’s Partners’ Capital (Tables)
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3 Months Ended |
Mar. 31, 2022 |
|---|
| Stockholders Equity [Line Items] |
|
| Schedule Of General Partner Capital |
|
|
|
|
|
|
|
Three Months Ended |
|
March 31, |
|
|
2022 |
|
|
2021 |
Opening Balance |
$ |
1,281,982 |
|
$ |
1,398,817 |
Net income (loss) available to common shareholders |
|
(9,092) |
|
|
7,623 |
Common stock distributions |
|
- |
|
|
- |
Redeemable noncontrolling interests |
|
(2,942) |
|
|
(1,791) |
Shares issued under Dividend Reinvestment and |
|
|
|
|
|
Stock Purchase Plan |
|
11 |
|
|
18 |
Directors' deferred compensation plan |
|
110 |
|
|
72 |
Stock Compensation |
|
1,957 |
|
|
646 |
Cancellation of common stock |
|
- |
|
|
(118) |
Other comprehensive income (loss) |
|
1,986 |
|
|
- |
Rebalancing of ownership percent between parent and |
|
|
|
|
|
subsidiaries |
|
1,669 |
|
|
1,556 |
Balance at March 31 |
$ |
1,275,681 |
|
$ |
1,406,823 |
|
| Schedule Of Reconciliation Of Shares Used In Basic EPS Calculation To Shares Used In Diluted EPS Calculation |
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
March 31, |
Computation of Basic EPS |
|
2022 |
|
|
2021 |
Income (loss) from continuing operations |
$ |
(4,527) |
|
$ |
(20,222) |
Add (deduct): Noncontrolling interests in consolidated joint ventures |
|
974 |
|
|
1,335 |
Add (deduct): Noncontrolling interests in Operating Partnership |
|
898 |
|
|
2,305 |
Add (deduct): Redeemable noncontrolling interests |
|
(6,437) |
|
|
(6,471) |
Add (deduct): Redemption value adjustment of redeemable noncontrolling |
|
|
|
|
|
interests attributable to common shareholders |
|
(2,942) |
|
|
(1,791) |
Income (loss) from continuing operations available to common shareholders |
|
(12,034) |
|
|
(24,844) |
Income (loss) from discontinued operations available to common shareholders |
|
- |
|
|
30,676 |
Net income (loss) available to common shareholders for basic earnings per share |
$ |
(12,034) |
|
$ |
5,832 |
|
|
|
|
|
|
Weighted average common shares |
|
90,951 |
|
|
90,692 |
|
|
|
|
|
|
Basic EPS: |
|
|
|
|
|
Income (loss) from continuing operations available to common shareholders |
$ |
(0.13) |
|
$ |
(0.28) |
Income (loss) from discontinued operations available to common shareholders |
|
- |
|
|
0.34 |
Net income (loss) available to common shareholders |
$ |
(0.13) |
|
$ |
0.06 |
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
March 31, |
Computation of Diluted EPS |
|
2022 |
|
|
2021 |
Net income (loss) from continuing operations available to common shareholders |
$ |
(12,034) |
|
$ |
(24,844) |
Add (deduct): Noncontrolling interests in Operating Partnership |
|
(898) |
|
|
(2,305) |
Add (deduct): Redemption value adjustment of redeemable noncontrolling |
|
|
|
|
|
interests attributable to the Operating Partnership unitholders |
|
(291) |
|
|
(179) |
Income (loss) from continuing operations for diluted earnings per share |
|
(13,223) |
|
|
(27,328) |
Income (loss) from discontinued operations for diluted earnings per share |
|
- |
|
|
33,743 |
Net income (loss) available for diluted earnings per share |
$ |
(13,223) |
|
$ |
6,415 |
|
|
|
|
|
|
Weighted average common shares |
|
99,934 |
|
|
99,760 |
|
|
|
|
|
|
Diluted EPS: |
|
|
|
|
|
Income (loss) from continuing operations available to common shareholders |
$ |
(0.13) |
|
$ |
(0.28) |
Income (loss) from discontinued operations available to common shareholders |
|
- |
|
|
0.34 |
Net (income) loss available to common shareholders |
$ |
(0.13) |
|
$ |
0.06 |
The following schedule reconciles the weighted average shares used in the basic EPS calculation to the shares used in the diluted EPS calculation (in thousands):
|
|
|
|
|
|
|
Three Months Ended |
|
|
March 31, |
|
|
2022 |
|
2021 |
Basic EPS shares |
|
90,951 |
|
90,692 |
Add: Operating Partnership – common and vested LTIP units |
|
8,983 |
|
9,068 |
Stock Options |
|
- |
|
- |
Diluted EPS Shares |
|
99,934 |
|
99,760 |
|
| VERIS RESIDENTIAL, L.P. [Member] |
|
| Stockholders Equity [Line Items] |
|
| Schedule Of Reconciliation Of Shares Used In Basic EPS Calculation To Shares Used In Diluted EPS Calculation |
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
|
March 31, |
Computation of Basic EPU |
|
|
2022 |
|
|
2021 |
Income (loss) from continuing operations |
|
$ |
(4,527) |
|
$ |
(20,222) |
Add (deduct): Noncontrolling interests in consolidated joint ventures |
|
|
974 |
|
|
1,335 |
Add (deduct): Redeemable noncontrolling interests |
|
|
(6,437) |
|
|
(6,471) |
Add (deduct): Redemption value adjustment of redeemable noncontrolling interests |
|
|
(3,233) |
|
|
(1,970) |
Income (loss) from continuing operations available to unitholders |
|
|
(13,223) |
|
|
(27,328) |
Income (loss) from discontinued operations available to unitholders |
|
|
- |
|
|
33,743 |
Net income (loss) available to common unitholders for basic earnings per unit |
|
$ |
(13,223) |
|
$ |
6,415 |
|
|
|
|
|
|
|
Weighted average common units |
|
|
99,934 |
|
|
99,760 |
|
|
|
|
|
|
|
Basic EPU: |
|
|
|
|
|
|
Income (loss) from continuing operations available to unitholders |
|
$ |
(0.13) |
|
$ |
(0.28) |
Income (loss) from discontinued operations available to unitholders |
|
|
- |
|
|
0.34 |
Net income (loss) available to common unitholders for basic earnings per unit |
|
$ |
(0.13) |
|
$ |
0.06 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
|
March 31, |
Computation of Diluted EPU |
|
|
2022 |
|
|
2021 |
Net income (loss) from continuing operations available to common unitholders |
|
$ |
(13,223) |
|
$ |
(27,328) |
Income (loss) from discontinued operations for diluted earnings per unit |
|
|
- |
|
|
33,743 |
Net income (loss) available to common unitholders for diluted earnings per unit |
|
$ |
(13,223) |
|
$ |
6,415 |
|
|
|
|
|
|
|
Weighted average common unit |
|
|
99,934 |
|
|
99,760 |
|
|
|
|
|
|
|
Diluted EPU: |
|
|
|
|
|
|
Income (loss) from continuing operations available to common unitholders |
|
$ |
(0.13) |
|
$ |
(0.28) |
Income (loss) from discontinued operations available to common unitholders |
|
|
- |
|
|
0.34 |
Net income (loss) available to common unitholders |
|
$ |
(0.13) |
|
$ |
0.06 |
The following schedule reconciles the weighted average units used in the basic EPU calculation to the units used in the diluted EPU calculation (in thousands):
|
|
|
|
|
|
|
Three Months Ended |
|
|
March 31, |
|
|
2022 |
|
2021 |
Basic EPU units |
|
99,934 |
|
99,760 |
Add: Stock Options |
|
- |
|
- |
Diluted EPU Units |
|
99,934 |
|
99,760 |
|