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

DEFERRED CHARGES AND OTHER ASSETS, NET - Narrative (Details)

v3.24.3

DEFERRED CHARGES AND OTHER ASSETS, NET - Narrative (Details)	3 Months Ended	9 Months Ended
	Sep. 30, 2024 USD ($) interestRateCap	Sep. 30, 2024 USD ($) interestRateCap	Jun. 30, 2024 USD ($)
Derivative Instruments, Gain (Loss) [Line Items]
Estimated additional amount to be reclassified to interest expense		$ 1,900,000
Interest Rate Caps
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, cap interest rate	3.50%	3.50%
Derivatives, net liability position	$ 0	$ 0
Interest Rate Caps \| Riverhouse
Derivative Instruments, Gain (Loss) [Line Items]
Notional value			$ 110,000,000
Interest Rate Caps \| Term Loan
Derivative Instruments, Gain (Loss) [Line Items]
Notional value	200,000,000	200,000,000
Designated as Hedging Instrument \| Cash Flow Hedging \| Interest Rate Caps
Derivative Instruments, Gain (Loss) [Line Items]
Notional value	$ 441,500,000	$ 441,500,000
Number of interest rate derivatives outstanding \| interestRateCap	6	6
Not Designated as Hedging Instrument \| Interest Rate Caps
Derivative Instruments, Gain (Loss) [Line Items]
Number of interest rate derivatives outstanding \| interestRateCap	1	1
Not Designated as Hedging Instrument \| Interest Rate Caps \| Revolving Credit Facility
Derivative Instruments, Gain (Loss) [Line Items]
Notional value	$ 150,000,000.0	$ 150,000,000.0
Derivative, fair value adjusment	$ 16,000

- Definition

The estimated net amount of existing gains or losses on cash flow hedges at the reporting date expected to be reclassified to earnings within the next 12 months.

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The aggregate fair value amounts of derivative instruments that contain credit-risk-related contingent features that are in a net liability position at the end of the reporting period. For nonderivative instruments that are designated and qualify as hedging instruments, the fair value amounts are the carrying value of the nonderivative hedging instrument, including the adjustment for the foreign currency transaction gain (loss) on that instrument.

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Nominal or face amount used to calculate payment on derivative.

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Number of interest rate derivative instruments held by the entity at the reporting date.

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Derivative, Fair Value Adjustment

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