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

Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2020




	Three Months Ended March 31,
		2020		2019
Total revenues	$	41,609	$	43,983
Operating and other expenses		(16,857)		(17,951)
Depreciation and amortization		(1,453)		(16,511)
Interest expense		(1,306)		(1,293)

Income from discontinued operations		21,993		8,228

Unrealized losses on disposition of rental property (a)		(45,068)		-
Realized gains on disposition of rental property (b)		17,322		-
Realized gains (losses) and unrealized losses on
disposition of rental property and impairments, net		(27,746)		-

Total discontinued operations, net	$	(5,753)	$	8,228

(a)Represents valuation allowances and impairment charges on properties classified as discontinued operations in 2020.

(b)See Note 3: Real Estate Transactions – Dispositions for further information regarding properties sold and related gains (losses).




	Three Months Ended March 31,
		2020		2019
Total revenues	$	41,609	$	43,983
Operating and other expenses		(16,857)		(17,951)
Depreciation and amortization		(1,453)		(16,511)
Interest expense		(1,306)		(1,293)

Income from discontinued operations		21,993		8,228

Unrealized losses on disposition of rental property (a)		(45,068)		-
Realized gains on disposition of rental property (b)		17,322		-
Realized gains (losses) and unrealized losses on
disposition of rental property and impairments, net		(27,746)		-

Total discontinued operations, net	$	(5,753)	$	8,228

(a)Represents valuation allowances and impairment charges on properties classified as discontinued operations in 2020.

(b)See Note 3: Real Estate Transactions – Dispositions for further information regarding properties sold and related gains (losses).