Quarterly report pursuant to Section 13 or 15(d)

VERIS RESIDENTIAL, L.P. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

v3.22.2
VERIS RESIDENTIAL, L.P. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
General Partner Common Units
Common Unitholders
VERIS RESIDENTIAL, L.P.
VERIS RESIDENTIAL, L.P.
Accumulated Other Comprehensive Income (Loss)
VERIS RESIDENTIAL, L.P.
General Partner Common Units
VERIS RESIDENTIAL, L.P.
Limited Partner Common Units/ Vested LTIP Units
VERIS RESIDENTIAL, L.P.
Common Unitholders
VERIS RESIDENTIAL, L.P.
Limited Partner Common Unitholders
VERIS RESIDENTIAL, L.P.
Noncontrolling Interest in Consolidated Joint Ventures
Balance, beginning (in shares) at Dec. 31, 2020           90,712,000 9,649,000      
Balance, beginning at Dec. 31, 2020 $ 1,592,380     $ 1,592,380       $ 1,330,048 $ 217,560 $ 44,772
Increase (Decrease) in Partners' Capital [Roll Forward]                    
Net income (loss) (60,510)     (60,510)       (64,456) (6,463) 10,409
Distributions to unitholders 643     643         643  
Redeemable noncontrolling interests (16,617)     (16,617)       (3,341) (334) (12,942)
Change in noncontrolling interests in consolidated joint ventures 185     185           185
Vested LTIP units (in shares)             267,000      
Redemption of common units for common stock (in shares)           175,000 (175,000)      
Redemption of common units for common stock 0             2,716 (2,716)  
Redemption of common units (in shares)             (703,000)      
Redemption of common units (10,869)   $ 2,716 (10,869)         (10,869)  
Shares issued under Dividend Reinvestment and Stock Purchase Plan (in shares)           2,000        
Shares issued under Dividend Reinvestment and Stock Purchase Plan 29     29       29    
Directors' deferred compensation plan, value 138   138 138       138    
Other comprehensive income (loss)     0              
Stock compensation (in shares)           58,000        
Stock compensation 5,072     5,072       1,885 3,187  
Cancellation of shares (118)     (118)       (118)    
Balance, ending (in shares) at Jun. 30, 2021           90,947,000 9,038,000      
Balance, ending at Jun. 30, 2021 1,510,333     1,510,333       1,266,901 201,008 42,424
Balance, beginning (in shares) at Mar. 31, 2021           90,729,000 8,980,000      
Balance, beginning at Mar. 31, 2021 1,589,516     1,589,516       1,336,498 209,571 43,447
Increase (Decrease) in Partners' Capital [Roll Forward]                    
Net income (loss) (74,031)     (74,031)       (72,079) (7,225) 5,273
Distributions to unitholders 639     639         639  
Redeemable noncontrolling interests (8,176)     (8,176)       (1,550) (155) (6,471)
Change in noncontrolling interests in consolidated joint ventures 175     175           175
Vested LTIP units (in shares)             258,000      
Redemption of common units for common stock (in shares)           (175,000) (175,000)      
Redemption of common units for common stock 0             2,716 (2,716)  
Redemption of common units (in shares)             (25,000)      
Redemption of common units (410)   2,716 (410)         (410)  
Shares issued under Dividend Reinvestment and Stock Purchase Plan (in shares)           1,000        
Shares issued under Dividend Reinvestment and Stock Purchase Plan 11     11       11    
Directors' deferred compensation plan, value 66   66 66       66    
Other comprehensive income (loss)     0              
Stock compensation (in shares)           42,000        
Stock compensation 2,543     2,543       1,239 1,304  
Balance, ending (in shares) at Jun. 30, 2021           90,947,000 9,038,000      
Balance, ending at Jun. 30, 2021 $ 1,510,333     1,510,333       1,266,901 201,008 42,424
Balance, beginning (in shares) at Dec. 31, 2021 90,948,008         90,948,000 9,013,000      
Balance, beginning at Dec. 31, 2021 $ 1,449,418     1,449,418 $ 9     1,211,790 197,236 40,383
Increase (Decrease) in Partners' Capital [Roll Forward]                    
Net income (loss) 30,123     30,123       17,281 1,797 11,045
Distributions to unitholders 218     218         218  
Redeemable noncontrolling interests (19,920)     (19,920)       (6,466) (651) (12,803)
Change in noncontrolling interests in consolidated joint ventures 18     18           18
Vested LTIP units (in shares)             397,000      
Redemption of common units for common stock (in shares)           (11,000) (11,000)      
Redemption of common units for common stock 0             161 (161)  
Redemption of common units (in shares)             (109,000)      
Redemption of common units (1,801)   161 (1,801)         (1,801)  
Shares issued under Dividend Reinvestment and Stock Purchase Plan (in shares)           2,000        
Shares issued under Dividend Reinvestment and Stock Purchase Plan 27     27       27    
Directors' deferred compensation plan, value 220   220 220       220    
Other comprehensive income (loss) 2,122   1,932 2,122 1,932       190  
Stock compensation (in shares)           143,000        
Stock compensation 7,444     7,444       4,466 2,978  
Cancellation of shares (in shares)   (41,000)                
Cancellation of shares $ (696)     (696)       (696)    
Balance, ending (in shares) at Jun. 30, 2022 91,062,532         91,063,000 9,290,000      
Balance, ending at Jun. 30, 2022 $ 1,467,173     1,467,173 1,941     1,226,783 199,806 38,643
Balance, beginning (in shares) at Mar. 31, 2022           90,956,000 8,962,000      
Balance, beginning at Mar. 31, 2022 1,440,801     1,440,801 1,995     1,201,834 197,552 39,420
Increase (Decrease) in Partners' Capital [Roll Forward]                    
Net income (loss) 34,650     34,650       26,373 2,695 5,582
Redeemable noncontrolling interests (10,250)     (10,250)       (3,524) (360) (6,366)
Change in noncontrolling interests in consolidated joint ventures 7     7           7
Vested LTIP units (in shares)             362,000      
Redemption of common units for common stock (in shares)           (11,000) (11,000)      
Redemption of common units for common stock 0             161 (161)  
Redemption of common units (in shares)             (23,000)      
Redemption of common units (359)   161 (359)         (359)  
Shares issued under Dividend Reinvestment and Stock Purchase Plan (in shares)           1,000        
Shares issued under Dividend Reinvestment and Stock Purchase Plan 16     16       16    
Directors' deferred compensation plan, value 110   110 110       110    
Other comprehensive income (loss) (60)   $ (54) (60) (54)       (6)  
Stock compensation (in shares)           136,000        
Stock compensation 2,954     2,954       2,509 445  
Cancellation of shares (in shares)           (41,000)        
Cancellation of shares $ (696)     (696)       (696)    
Balance, ending (in shares) at Jun. 30, 2022 91,062,532         91,063,000 9,290,000      
Balance, ending at Jun. 30, 2022 $ 1,467,173     $ 1,467,173 $ 1,941     $ 1,226,783 $ 199,806 $ 38,643