Annual report [Section 13 and 15(d), not S-K Item 405]

VERIS RESIDENTIAL, L.P. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS

v3.25.4
VERIS RESIDENTIAL, L.P. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Rental property    
Land and leasehold interests $ 376,710 $ 458,946
Buildings and improvements 2,584,333 2,634,321
Tenant improvements 16,745 14,784
Furniture, fixtures and equipment 118,797 112,201
Gross investment in rental property 3,096,585 3,220,252
Less – accumulated depreciation and amortization (516,404) (432,531)
Total investment in rental property 2,580,181 2,787,721
Real estate held for sale, net 0 7,291
Net investment in rental property 2,580,181 2,795,012
Cash and cash equivalents 14,128 7,251
Restricted cash 15,232 17,059
Investments in unconsolidated joint ventures 52,188 111,301
Unbilled rents receivable, net 3,643 2,253
Deferred charges and other assets, net 40,588 48,476
Accounts receivable 911 1,375
Total assets 2,706,871 2,982,727
LIABILITIES AND EQUITY    
Revolving credit facility and term loans 30,000 348,839
Mortgages, loans payable and other obligations, net 1,332,158 1,323,474
Dividends and distributions payable 8,700  
Accounts payable, accrued expenses and other liabilities 44,610 42,744
Rents received in advance and security deposits 11,419 11,512
Accrued interest payable 5,031 5,262
Total liabilities 1,431,915 1,740,364
Commitments and contingencies
Redeemable noncontrolling interests 9,294 9,294
Partners’ Capital:    
Accumulated other comprehensive income (loss) (687) 154
Total liabilities and equity 2,706,871 2,982,727
VERIS RESIDENTIAL, L.P.    
Rental property    
Land and leasehold interests 376,710 458,946
Buildings and improvements 2,584,333 2,634,321
Tenant improvements 16,745 14,784
Furniture, fixtures and equipment 118,797 112,201
Gross investment in rental property 3,096,585 3,220,252
Less – accumulated depreciation and amortization (516,404) (432,531)
Total investment in rental property 2,580,181 2,787,721
Real estate held for sale, net 0 7,291
Net investment in rental property 2,580,181 2,795,012
Cash and cash equivalents 14,128 7,251
Restricted cash 15,232 17,059
Investments in unconsolidated joint ventures 52,188 111,301
Unbilled rents receivable, net 3,643 2,253
Deferred charges and other assets, net 40,588 48,476
Accounts receivable 911 1,375
Total assets 2,706,871 2,982,727
LIABILITIES AND EQUITY    
Revolving credit facility and term loans 30,000 348,839
Mortgages, loans payable and other obligations, net 1,332,158 1,323,474
Dividends and distributions payable 8,697 8,533
Accounts payable, accrued expenses and other liabilities 44,610 42,744
Rents received in advance and security deposits 11,419 11,512
Accrued interest payable 5,031 5,262
Total liabilities 1,431,915 1,740,364
Commitments and contingencies
Redeemable noncontrolling interests 9,294 9,294
Partners’ Capital:    
General Partner, 93,432,649 and 92,912,253 common units outstanding 1,089,161 1,035,795
Limited partners, 8,587,702 and 8,672,247 common units/LTIPs outstanding 168,996 166,030
Accumulated other comprehensive income (loss) (687) 154
Total Veris Residential, L.P. partners’ capital 1,257,470 1,201,979
Noncontrolling interests in consolidated joint ventures 8,192 31,090
Total equity 1,265,662 1,233,069
Total liabilities and equity $ 2,706,871 $ 2,982,727