Quarterly report pursuant to Section 13 or 15(d)

VERIS RESIDENTIAL, INC. STOCKHOLDERS??? EQUITY AND VERIS RESIDENTIAL, L.P.???S PARTNERS??? CAPITAL (Tables)

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VERIS RESIDENTIAL, INC. STOCKHOLDERS’ EQUITY AND VERIS RESIDENTIAL, L.P.’S PARTNERS’ CAPITAL (Tables)
 3 Months Ended
Mar. 31, 2023
Stockholders' Equity Note [Abstract]  
Schedule Of General Partner Capital
The following table reflects the activity of the General Partner capital for the three months ended March 31, 2023 and 2022, respectively (dollars in thousands):
Three Months Ended
March 31,
2023 2022
Opening Balance $ 1,235,685 $ 1,281,982
Net loss available to common shareholders (19,973) (9,092)
Redeemable noncontrolling interests (4,516) (2,942)
Redemption of common units for common stock 4,859  — 
Shares issued under Dividend Reinvestment and Stock Purchase Plan 1 11
Directors' deferred compensation plan 110 110
Stock Compensation 3,471 1,957
Cancellation of common stock (247) — 
Other comprehensive income (loss) (858) 1,986
Rebalancing of ownership percent between parent and subsidiaries (2,002) 1,669
Balance at March 31 $ 1,216,530 $ 1,275,681
Schedule Of Reconciliation Of Shares Used In Basic EPS Calculation To Shares Used In Diluted EPS Calculation
The following information presents the Company’s results for the three months ended March 31, 2023 and 2022 in accordance with ASC 260, Earnings Per Share (dollars in thousands, except per share amounts):
Veris Residential, Inc.:
Three Months Ended
March 31,
Computation of Basic EPS 2023 2022
Loss from continuing operations $ (19,394) $ (25,453)
Add (deduct): Noncontrolling interests in consolidated joint ventures 587  974 
Add (deduct): Noncontrolling interests in Operating Partnership 2,329  2,779 
Add (deduct): Redeemable noncontrolling interests (6,366) (6,437)
Add (deduct): Redemption value adjustment of redeemable noncontrolling interests attributable to common shareholders (4,516) (2,942)
Loss from continuing operations available to common shareholders $ (27,360) $ (31,079)
Income from discontinued operations available to common shareholders 2,871  19,045 
Net loss available to common shareholders for basic earnings per share (24,489) (12,034)
Weighted average common shares 91,226  90,951 
Basic EPS:
Loss from continuing operations available to common shareholders $ (0.30) $ (0.34)
Income from discontinued operations available to common shareholders 0.03  0.21 
Net loss available to common shareholders $ (0.27) $ (0.13)
Three Months Ended
March 31,
Computation of Diluted EPS 2023 2022
Net loss from continuing operations available to common shareholders $ (27,360) $ (31,079)
Add (deduct): Noncontrolling interests in Operating Partnership (2,329) (2,779)
Add (deduct): Redemption value adjustment of redeemable noncontrolling interests attributable to the Operating Partnership unitholders (461) (291)
Loss from continuing operations for diluted earnings per share (30,150) (34,149)
Income from discontinued operations for diluted earnings per share 3,164  20,926 
Net loss available for diluted earnings per share $ (26,986) $ (13,223)
Weighted average common shares 100,526  99,934 
Diluted EPS:
Loss from continuing operations available to common shareholders $ (0.30) $ (0.34)
Income from discontinued operations available to common shareholders 0.03  0.21 
Loss available to common shareholders $ (0.27) $ (0.13)
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,
2023 2022
Basic EPS shares 91,226  90,951 
Add: Operating Partnership – common and vested LTIP units 9,300  8,983 
Diluted EPS Shares 100,526  99,934 
Veris Residential, L.P.:
Three Months Ended
March 31,
Computation of Basic EPU 2023 2022
Loss from continuing operations $ (19,394) $ (25,453)
Add (deduct): Noncontrolling interests in consolidated joint ventures 587  974 
Add (deduct): Redeemable noncontrolling interests (6,366) (6,437)
Add (deduct): Redemption value adjustment of redeemable noncontrolling interests (4,977) (3,233)
Loss from continuing operations available to unitholders (30,150) (34,149)
Income from discontinued operations available to unitholders 3,164  20,926 
Net loss available to common unitholders for basic earnings per unit $ (26,986) $ (13,223)
Weighted average common units 100,526  99,934 
Basic EPU:
Loss from continuing operations available to unitholders $ (0.30) $ (0.34)
Income from discontinued operations available to unitholders 0.03  0.21 
Net loss available to common unitholders for basic earnings per unit $ (0.27) $ (0.13)
Three Months Ended
March 31,
Computation of Diluted EPU 2023 2022
Net loss from continuing operations available to common unitholders $ (30,150) $ (34,149)
Income from discontinued operations for diluted earnings per unit 3,164  20,926 
Net loss available to common unitholders for diluted earnings per unit $ (26,986) $ (13,223)
Weighted average common unit 100,526  99,934 
Diluted EPU:
Loss from continuing operations available to common unitholders $ (0.30) $ (0.34)
Income from discontinued operations available to common unitholders 0.03  0.21 
Net loss available to common unitholders $ (0.27) $ (0.13)
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,
2023 2022
Basic EPU units 100,526  99,934 
Diluted EPU Units 100,526  99,934