Quarterly report pursuant to Section 13 or 15(d)

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

v3.24.2
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, 2022           91,142,000 9,301,000      
Balance, beginning at Dec. 31, 2022       $ 1,399,337 $ 3,977     $ 1,163,935 $ 193,882 $ 37,543
Increase (Decrease) in Partners' Capital [Roll Forward]                    
Net income (loss) $ (46,365)     (46,365)       (47,407) (4,718) 5,760
Shares issued under ATM Program, net     $ 0              
Redeemable noncontrolling interests (11,960)     (11,960)       (4,516) (461) (6,983)
Change in noncontrolling interests in consolidated joint ventures (562)     (562)           (562)
Vested LTIP units (in shares)             221,000      
Redemption of limited partners common units for shares of general partner common units (in shares)           650,000 (650,000)      
Redemption of limited partners common units for shares of general partner common units 0             9,051 (9,051)  
Redemption of limited partner common units (in shares)             5,000      
Redemption of limited partners common units (94)   9,051 (94)         (94)  
Shares issued under Dividend Reinvestment and Stock Purchase Plan 2     2       2    
Directors' deferred compensation plan (in shares)           21,000        
Directors' deferred compensation plan 196   196 196       196    
Other comprehensive (loss) income 591   541 591 541       50  
Stock compensation (in shares)           259,000        
Stock compensation 7,339     7,339       6,852 487  
Cancellation of common and restricted shares (in shares)           (31,000)        
Cancellation of restricted shares (466)     (466)       (466)    
Balance, ending (in shares) at Jun. 30, 2023           92,041,000 8,867,000      
Balance, ending at Jun. 30, 2023       1,348,018 4,518     1,127,647 180,095 35,758
Balance, beginning (in shares) at Mar. 31, 2023           91,620,000 9,116,000      
Balance, beginning at Mar. 31, 2023       1,373,969 3,119     1,147,640 186,816 36,394
Increase (Decrease) in Partners' Capital [Roll Forward]                    
Net income (loss) (30,135)     (30,135)       (27,434) (2,682) (19)
Shares issued under ATM Program, net     0              
Redeemable noncontrolling interests (617)     (617)           (617)
Vested LTIP units (in shares)             26,000      
Redemption of limited partners common units for shares of general partner common units (in shares)           271,000 (271,000)      
Redemption of limited partners common units for shares of general partner common units 0     0       4,192 (4,192)  
Redemption of limited partner common units (in shares)             (4,000)      
Redemption of limited partners common units (78)   4,192 (78)         (78)  
Shares issued under Dividend Reinvestment and Stock Purchase Plan 1     1       1    
Directors' deferred compensation plan (in shares)           21,000        
Directors' deferred compensation plan 86   86 86       86    
Other comprehensive (loss) income 1,536   1,399 1,536 1,399       137  
Stock compensation (in shares)           144,000        
Stock compensation 3,475     3,475       3,381 94  
Cancellation of common and restricted shares (in shares)   (15,000)                
Cancellation of restricted shares $ (219)     (219)       (219)    
Balance, ending (in shares) at Jun. 30, 2023           92,041,000 8,867,000      
Balance, ending at Jun. 30, 2023       1,348,018 4,518     1,127,647 180,095 35,758
Balance, beginning (in shares) at Dec. 31, 2023 92,229,424         92,229,000 8,693,000      
Balance, beginning at Dec. 31, 2023       1,279,553 1,808     1,071,973 170,903 34,869
Increase (Decrease) in Partners' Capital [Roll Forward]                    
Net income (loss) $ (1,734)     (1,734)       (981) (93) (660)
Shares issued under ATM Program, net (in shares)           134,000        
Shares issued under ATM Program, net 1,831   1,831         1,831    
Unit distributions (978)     (11,572)       (10,594) (978)  
Redeemable noncontrolling interests (378)     (378)           (378)
Change in noncontrolling interests in consolidated joint ventures (1,142)     (1,142)           (1,142)
Vested LTIP units (in shares)             1,000      
Redemption of limited partners common units for shares of general partner common units (in shares)           9,000 (9,000)      
Redemption of limited partners common units for shares of general partner common units $ 0     0       113 (113)  
Redemption of limited partner common units (in shares) (9,230)                  
Redemption of limited partners common units $ 0   113              
Shares issued under Dividend Reinvestment and Stock Purchase Plan 4     4       4    
Directors' deferred compensation plan 198   198 198       198    
Other comprehensive (loss) income 254   232 254 232       22  
Stock compensation (in shares)           675,000        
Stock compensation 7,399     7,399       7,399    
Cancellation of common and restricted shares (in shares)           (225,000)        
Cancellation of restricted shares $ (3,341)     (3,341)       (3,341)    
Balance, ending (in shares) at Jun. 30, 2024 92,821,785         92,822,000 8,685,000      
Balance, ending at Jun. 30, 2024       1,271,072 2,040     1,066,602 169,741 32,689
Balance, beginning (in shares) at Mar. 31, 2024           92,385,000 8,694,000      
Balance, beginning at Mar. 31, 2024       1,272,216 2,806     1,065,797 170,172 33,441
Increase (Decrease) in Partners' Capital [Roll Forward]                    
Net income (loss) $ 2,735     2,735       2,922 275 (462)
Shares issued under ATM Program, net (in shares)           134,000        
Shares issued under ATM Program, net 1,886   1,886 1,886       1,886    
Unit distributions (521)     (6,131)       (5,610) (521)  
Redeemable noncontrolling interests (81)     (81)           (81)
Change in noncontrolling interests in consolidated joint ventures (209)     (209)           (209)
Redemption of limited partners common units for shares of general partner common units (in shares)           9,000 (9,000)      
Redemption of limited partners common units for shares of general partner common units 0     0       113 (113)  
Redemption of limited partners common units     113              
Shares issued under Dividend Reinvestment and Stock Purchase Plan 3     3       3    
Directors' deferred compensation plan 99   99 99       99    
Other comprehensive (loss) income (838)   $ (766) (838) (766)       (72)  
Stock compensation (in shares)           417,000        
Stock compensation 3,199     3,199       3,199    
Cancellation of common and restricted shares (in shares)   (123,000)                
Cancellation of restricted shares $ (1,807)     (1,807)       (1,807)    
Balance, ending (in shares) at Jun. 30, 2024 92,821,785         92,822,000 8,685,000      
Balance, ending at Jun. 30, 2024       $ 1,271,072 $ 2,040     $ 1,066,602 $ 169,741 $ 32,689