Quarterly report [Sections 13 or 15(d)]

VERIS RESIDENTIAL, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS

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VERIS RESIDENTIAL, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Rental property    
Land and leasehold interests $ 456,789 $ 458,946
Buildings and improvements 2,627,149 2,634,321
Tenant improvements 15,067 14,784
Furniture, fixtures and equipment 113,997 112,201
Gross investment in rental property 3,213,002 3,220,252
Less – accumulated depreciation and amortization (451,540) (432,531)
Total investment in rental property 2,761,462 2,787,721
Real estate held for sale, net 9,138 7,291
Net investment in rental property 2,770,600 2,795,012
Cash and cash equivalents 7,596 7,251
Restricted cash 14,512 17,059
Investments in unconsolidated joint ventures 111,607 111,301
Unbilled rents receivable, net 2,409 2,253
Deferred charges and other assets, net 43,680 48,476
Accounts receivable 1,169 1,375
Total assets 2,951,573 2,982,727
LIABILITIES AND EQUITY    
Revolving credit facility and term loans 345,172 348,839
Mortgages, loans payable and other obligations, net 1,322,036 1,323,474
Dividends and distributions payable 8,485 8,533
Accounts payable, accrued expenses and other liabilities 40,648 42,744
Rents received in advance and security deposits 11,529 11,512
Accrued interest payable 5,232 5,262
Total liabilities 1,733,102 1,740,364
Commitments and contingencies
Redeemable noncontrolling interests 9,294 9,294
Veris Residential, Inc. stockholders’ equity:    
Common stock, $0.01 par value, 190,000,000 shares authorized, 93,311,881 and 92,912,253 shares outstanding 933 929
Additional paid-in capital 2,564,846 2,564,495
Dividends in excess of net earnings (1,484,436) (1,466,187)
Accumulated other comprehensive income (loss) (857) 154
Total Veris Residential, Inc. stockholders’ equity 1,080,486 1,099,391
Noncontrolling interests in subsidiaries:    
Operating Partnership 99,814 102,588
Consolidated joint ventures 28,877 31,090
Total noncontrolling interests in subsidiaries 128,691 133,678
Total equity 1,209,177 1,233,069
Total liabilities and equity $ 2,951,573 $ 2,982,727
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration] Accounts payable, accrued expenses and other liabilities Accounts payable, accrued expenses and other liabilities