Quarterly report [Sections 13 or 15(d)]

VERIS RESIDENTIAL, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS

v3.26.1
VERIS RESIDENTIAL, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Rental property    
Land and leasehold interests $ 376,710 $ 376,710
Buildings and improvements 2,586,369 2,584,333
Tenant improvements 17,438 16,745
Furniture, fixtures and equipment 120,408 118,797
Gross investment in rental property 3,100,925 3,096,585
Less – accumulated depreciation and amortization (537,316) (516,404)
Net investment in rental property 2,563,609 2,580,181
Cash and cash equivalents 9,415 14,128
Restricted cash 13,687 15,232
Investments in unconsolidated joint ventures 51,925 52,188
Unbilled rents receivable, net 3,505 3,643
Deferred charges and other assets, net 36,241 40,588
Accounts receivable 1,303 911
Total assets 2,679,685 2,706,871
LIABILITIES AND EQUITY    
Revolving credit facility and term loans 124,000 30,000
Mortgages, loans payable and other obligations, net 1,237,339 1,332,158
Dividends and distributions payable 8,638 8,697
Accounts payable, accrued expenses and other liabilities 44,045 44,610
Rents received in advance and security deposits 11,809 11,419
Accrued interest payable 5,058 5,031
Total liabilities 1,430,889 1,431,915
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, 93,838,017 and 93,432,649 shares outstanding 938 934
Additional paid-in capital 2,571,857 2,572,743
Dividends in excess of net earnings (1,443,045) (1,421,369)
Accumulated other comprehensive income (loss) (257) (687)
Total Veris Residential, Inc. stockholders’ equity 1,129,493 1,151,621
Noncontrolling interests in subsidiaries:    
Operating Partnership 102,473 105,849
Consolidated joint ventures 7,536 8,192
Total noncontrolling interests in subsidiaries 110,009 114,041
Total equity 1,239,502 1,265,662
Total liabilities and equity $ 2,679,685 $ 2,706,871