Quarterly report [Sections 13 or 15(d)]

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

v3.25.2
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, 2023           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       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             113 (113)  
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    
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)    
Other comprehensive income (loss) 254   232 254 232       22  
Balance, ending (in shares) at Jun. 30, 2024           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    
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)    
Other comprehensive income (loss) $ (838)   (766) (838) (766)       (72)  
Balance, ending (in shares) at Jun. 30, 2024           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 Dec. 31, 2024 92,912,253         92,912,000 8,672,000      
Balance, beginning at Dec. 31, 2024       1,233,069 154     1,035,795 166,030 31,090
Increase (Decrease) in Partners' Capital [Roll Forward]                    
Net income (loss) $ (1,887)     (1,887)       205 20 (2,112)
Shares issued under ATM Program, net     0              
Unit distributions (1,379)     (16,553)       (15,174) (1,379)  
Redeemable noncontrolling interests (162)     (162)           (162)
Change in noncontrolling interests in consolidated joint ventures (529)     (529)           (529)
Redemption of limited partners common units for shares of general partner common units (in shares)           46,000 (46,000)      
Redemption of limited partners common units for shares of general partner common units $ 0                  
Redemption of limited partner common units (in shares) (45,613)           (9,000)      
Redemption of limited partners common units $ (148)   539           (148)  
Shares issued under Dividend Reinvestment and Stock Purchase Plan 3     3       3    
Directors' deferred compensation plan 214   214 214       214    
Stock compensation (in shares)           729,000        
Stock compensation 6,064     6,064       6,064    
Cancellation of common and restricted shares (in shares)   (264,000)                
Cancellation of restricted shares (4,313)     (4,313)       (4,313)    
Other comprehensive income (loss) $ (1,193)   (1,092) (1,193) (1,092)       (101)  
Balance, ending (in shares) at Jun. 30, 2025 93,422,978         93,423,000 8,617,000      
Balance, ending at Jun. 30, 2025       1,214,565 (938)     1,022,794 164,422 28,287
Balance, beginning (in shares) at Mar. 31, 2025           93,312,000 8,620,000      
Balance, beginning at Mar. 31, 2025       1,209,177 (857)     1,017,045 164,112 28,877
Increase (Decrease) in Partners' Capital [Roll Forward]                    
Net income (loss) $ 11,843     11,843       10,904 1,007 (68)
Shares issued under ATM Program, net     0              
Unit distributions (689)     (8,313)       (7,624) (689)  
Redeemable noncontrolling interests (81)     (81)           (81)
Change in noncontrolling interests in consolidated joint ventures (441)     (441)           (441)
Redemption of limited partners common units for shares of general partner common units (in shares)           3,000 (3,000)      
Redemption of limited partners common units for shares of general partner common units $ 0                  
Redemption of limited partner common units (in shares) (2,580)                  
Redemption of limited partners common units     30              
Shares issued under Dividend Reinvestment and Stock Purchase Plan $ 1     1       1    
Directors' deferred compensation plan 116   116 116       116    
Stock compensation (in shares)           133,000        
Stock compensation 2,742     2,742       2,742    
Cancellation of common and restricted shares (in shares)   (25,000)                
Cancellation of restricted shares (390)     (390)       (390)    
Other comprehensive income (loss) $ (89)   $ (81) (89) (81)       (8)  
Balance, ending (in shares) at Jun. 30, 2025 93,422,978         93,423,000 8,617,000      
Balance, ending at Jun. 30, 2025       $ 1,214,565 $ (938)     $ 1,022,794 $ 164,422 $ 28,287