Annual report pursuant to Section 13 and 15(d)

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

v3.22.4
VERIS RESIDENTIAL, L.P. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
VERIS RESIDENTIAL, L.P.
VERIS RESIDENTIAL, L.P.
Accumulated Other Comprehensive Income (Loss)
General Partner Common Units
VERIS RESIDENTIAL, L.P.
Limited Partner Common Units/ Vested LTIP Units
VERIS RESIDENTIAL, L.P.
General Partner Common Unitholders
VERIS RESIDENTIAL, L.P.
Limited Partner Common Unitholders
VERIS RESIDENTIAL, L.P.
Noncontrolling Interest in Consolidated Joint Ventures
VERIS RESIDENTIAL, L.P.
Beginning balance (in shares) at Dec. 31, 2019       90,595,000 9,612,000      
Balance, beginning at Dec. 31, 2019 $ 1,699,475 $ 1,699,475 $ (18)     $ 1,427,568 $ 224,629 $ 47,296
Increase (Decrease) in Partners' Capital [Roll Forward]                
Net income (loss) (33,598) (33,598)       (51,387) (5,399) 23,188
Distributions to unitholders (3,509) (39,770)       (36,261) (3,509)  
Redeemable noncontrolling interests (38,951) (38,951)       (11,814) (1,254) (25,883)
Change in noncontrolling interests in consolidated joint ventures 171 $ 171           171
Vested LTIP units (in shares)   136,957     175,000      
Redemption of limited partners common units (in shares)   (138,615)     (138,000)      
Redemption of limited partners common units 2,693 $ (2,693)         (2,693)  
Shares issued under Dividend Reinvestment and Stock Purchase Plan (in shares)       3,000        
Shares issued under Dividend Reinvestment and Stock Purchase Plan 37 37       37    
Directors' deferred compensation plan (in shares)       61,000        
Directors' deferred compensation plan 291 291       291    
Other comprehensive income (loss) (16) (16) 18       (34)  
Stock compensation (in shares)       53,000        
Stock compensation 7,635 7,635       1,614 6,021  
Cancellation of unvested LTIP units (201) (201)         (201)  
Ending balance (in shares) at Dec. 31, 2020       90,712,000 9,649,000      
Balance, ending at Dec. 31, 2020 1,592,380 1,592,380 0     1,330,048 217,560 44,772
Increase (Decrease) in Partners' Capital [Roll Forward]                
Net income (loss) (109,539) (109,539)       (119,042) (11,879) 21,382
Distributions to unitholders 645 645         645  
Redeemable noncontrolling interests (33,993) (33,993)       (7,290) (726) (25,977)
Change in noncontrolling interests in consolidated joint ventures 206 $ 206           206
Vested LTIP units (in shares)   65,176     270,000      
Redemption of limited partner common units for shares of general partner common units (in shares)       175,000 (175,000)      
Redemption of limited partner common units for shares of general partner common units 0 $ 0       2,716 (2,716)  
Redemption of limited partners common units (in shares)   (175,257)     (731,000)      
Redemption of limited partners common units 11,357 $ (11,357)         (11,357)  
Shares issued under Dividend Reinvestment and Stock Purchase Plan (in shares)       3,000        
Shares issued under Dividend Reinvestment and Stock Purchase Plan 28 28       28    
Directors' deferred compensation plan 314 314       314    
Other comprehensive income (loss) 10 10 9       1  
Stock compensation (in shares)       58,000        
Stock compensation 10,847 10,847       5,139 5,708  
Cancellation of restricted shares $ 123 123       123 0  
Ending balance (in shares) at Dec. 31, 2021 90,948,008     90,948,000 9,013,000      
Balance, ending 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) (34,885) (34,885)       (52,066) (5,274) 22,455
Distributions to unitholders 218 218         218  
Redeemable noncontrolling interests (31,557) (31,557)       (5,475) (548) (25,534)
Change in noncontrolling interests in consolidated joint ventures 239 $ 239           239
Vested LTIP units (in shares)   181,000     410,000      
Redemption of limited partner common units for shares of general partner common units (in shares)       12,000 (12,000)      
Redemption of limited partner common units for shares of general partner common units $ 0         161 (161)  
Redemption of limited partners common units (in shares) (110,084) (11,508)     (110,000)      
Redemption of limited partners common units $ 1,826 $ (1,826)         (1,826)  
Shares issued under Dividend Reinvestment and Stock Purchase Plan (in shares)       2,000        
Shares issued under Dividend Reinvestment and Stock Purchase Plan 23 23       23    
Directors' deferred compensation plan 440 440       440    
Other comprehensive income (loss) 4,366 4,366 3,968       398  
Stock compensation (in shares)       231,000        
Stock compensation 13,767 13,767       9,928 3,839  
Cancellation of restricted shares (in shares)       (51,000)        
Cancellation of restricted shares $ 866 866       866    
Ending balance (in shares) at Dec. 31, 2022 91,141,649     91,142,000 9,301,000      
Balance, ending at Dec. 31, 2022 $ 1,399,337 $ 1,399,337 $ 3,977     $ 1,163,935 $ 193,882 $ 37,543