Quarterly report pursuant to Section 13 or 15(d)

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

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VERIS RESIDENTIAL, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-In Capital
Dividends in Excess of Net Earnings
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests in Subsidiaries
Balance, beginning (in shares) at Dec. 31, 2022   91,142,000        
Balance, beginning at Dec. 31, 2022 $ 1,399,337 $ 911 $ 2,532,182 $ (1,301,385) $ 3,977 $ 163,652
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) (46,365)     (47,407)   1,042
Unit distributions           0
Redeemable noncontrolling interests (11,960)   (4,516)     (7,444)
Change in noncontrolling interests in consolidated joint ventures (562)         (562)
Redemption of common units for common stock (in shares)   650,000        
Redemption of common units for common stock 0 $ 7 9,044     (9,051)
Redemption of common units (94)         (94)
Shares issued under Dividend Reinvestment and Stock Purchase Plan 2   2      
Directors' deferred compensation plan (in shares)   21,000        
Directors' deferred compensation plan 196   196      
Stock compensation (in shares)   259,000        
Stock compensation 7,339   6,852     487
Cancellation of restricted shares (in shares)   (31,000)        
Cancellation of restricted shares (466)   (466)      
Other comprehensive (loss) income 591       541 50
Rebalancing of ownership percentage between parent and subsidiaries 0   (2,985)     2,985
Balance, ending (in shares) at Jun. 30, 2023   92,041,000        
Balance, ending at Jun. 30, 2023 1,348,018 $ 918 2,540,309 (1,348,792) 4,518 151,065
Balance, beginning (in shares) at Mar. 31, 2023   91,620,000        
Balance, beginning at Mar. 31, 2023 1,373,969 $ 915 2,533,854 (1,321,358) 3,119 157,439
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) (30,135)     (27,434)   (2,701)
Unit distributions           0
Redeemable noncontrolling interests (617)         (617)
Redemption of common units for common stock (in shares)   271,000        
Redemption of common units for common stock 0 $ 3 4,189     (4,192)
Redemption of common units (78)         (78)
Shares issued under Dividend Reinvestment and Stock Purchase Plan 1   1      
Directors' deferred compensation plan (in shares)   21,000        
Directors' deferred compensation plan 86   86      
Stock compensation (in shares)   144,000        
Stock compensation 3,475   3,381     94
Cancellation of restricted shares (in shares)   (15,000)        
Cancellation of restricted shares (219)   (219)      
Other comprehensive (loss) income 1,536       1,399 137
Rebalancing of ownership percentage between parent and subsidiaries 0   (983)     983
Balance, ending (in shares) at Jun. 30, 2023   92,041,000        
Balance, ending at Jun. 30, 2023 $ 1,348,018 $ 918 2,540,309 (1,348,792) 4,518 151,065
Balance, beginning (in shares) at Dec. 31, 2023 92,229,424 92,229,000        
Balance, beginning at Dec. 31, 2023 $ 1,279,553 $ 922 2,553,060 (1,418,312) 1,808 142,075
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) (1,734)     (981)   (753)
Shares issued under ATM Program, net (in shares)   134,000        
Shares issued under ATM Program, net 1,831 $ 1 1,830      
Common stock dividends (10,594)     (10,594)    
Unit distributions (978)         (978)
Redeemable noncontrolling interests (378)         (378)
Change in noncontrolling interests in consolidated joint ventures (1,142)         (1,142)
Redemption of common units for common stock (in shares)   9,000        
Redemption of common units for common stock 0   113     (113)
Redemption of common units 0         0
Shares issued under Dividend Reinvestment and Stock Purchase Plan 4   4      
Directors' deferred compensation plan 198   198      
Stock compensation (in shares)   675,000        
Stock compensation 7,399 $ 7 7,392      
Cancellation of restricted shares (in shares)   (225,000)        
Cancellation of restricted shares (3,341) $ (2) (3,339)      
Other comprehensive (loss) income 254       232 22
Rebalancing of ownership percentage between parent and subsidiaries $ 0   85     (85)
Balance, ending (in shares) at Jun. 30, 2024 92,821,785 92,822,000        
Balance, ending at Jun. 30, 2024 $ 1,271,072 $ 928 2,559,343 (1,429,887) 2,040 138,648
Balance, beginning (in shares) at Mar. 31, 2024   92,385,000        
Balance, beginning at Mar. 31, 2024 1,272,216 $ 924 2,555,700 (1,427,199) 2,806 139,985
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 2,735     2,922   (187)
Shares issued under ATM Program, net (in shares)   134,000        
Shares issued under ATM Program, net 1,886 $ 1 1,885      
Common stock dividends (5,610)     (5,610)    
Unit distributions (521)         (521)
Redeemable noncontrolling interests (81)         (81)
Change in noncontrolling interests in consolidated joint ventures (209)         (209)
Redemption of common units for common stock (in shares)   9,000        
Redemption of common units for common stock 0   113     (113)
Redemption of common units           0
Shares issued under Dividend Reinvestment and Stock Purchase Plan 3   3      
Directors' deferred compensation plan 99   99      
Stock compensation (in shares)   417,000        
Stock compensation 3,199 $ 4 3,195      
Cancellation of restricted shares (in shares)   (123,000)        
Cancellation of restricted shares (1,807) $ (1) (1,806)      
Other comprehensive (loss) income (838)       (766) (72)
Rebalancing of ownership percentage between parent and subsidiaries $ 0   154     (154)
Balance, ending (in shares) at Jun. 30, 2024 92,821,785 92,822,000        
Balance, ending at Jun. 30, 2024 $ 1,271,072 $ 928 $ 2,559,343 $ (1,429,887) $ 2,040 $ 138,648