Quarterly report [Sections 13 or 15(d)]

VERIS RESIDENTIAL, L.P. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS

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VERIS RESIDENTIAL, L.P. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
REVENUES    
Total revenues $ 70,102 $ 67,756
EXPENSES    
Real estate taxes 7,756 9,212
Utilities 2,880 2,807
Operating services 10,662 10,993
Property management 4,482 4,385
General and administrative 10,549 10,068
Transaction and merger related costs 10,486 308
Depreciation and amortization 21,226 21,253
Land and other impairments, net 0 3,200
Total expenses 68,041 62,226
OTHER (EXPENSE) INCOME    
Interest expense (17,871) (22,960)
Interest and other investment income 102 25
Equity in earnings (losses) of unconsolidated joint ventures 460 3,842
Gain (loss) on disposition of developable land 0 (156)
Other income (expense), net (283) (105)
Total other (expense) income, net (17,592) (19,354)
Income (loss) from continuing operations before income tax expense (15,531) (13,824)
Provision for income taxes (69) (42)
Net income (loss) from continuing operations (15,600) (13,866)
Discontinued operations:    
Income (loss) from discontinued operations 0 136
Net income (loss) (15,600) (13,730)
Noncontrolling interests in consolidated joint ventures 400 2,125
Redeemable noncontrolling interests (81) (81)
Net income (loss) available to common shareholders $ (14,008) $ (10,699)
Basic earnings per common share:    
Income (loss) from continuing operations (in dollars per share) $ (0.15) $ (0.12)
Discontinued operations (in dollars per share) 0 0
Net income (loss) available to common shareholders (in dollars per share) (0.15) (0.12)
Diluted earnings per common share:    
Income (loss) from continuing operations (in dollars per share) (0.15) (0.12)
Discontinued operations (in dollars per share) 0 0
Net income (loss) available to common shareholders (in dollars per share) $ (0.15) $ (0.12)
Revenue from leases    
REVENUES    
Total revenues $ 64,591 $ 61,965
Management fees    
REVENUES    
Total revenues 534 718
Parking income    
REVENUES    
Total revenues 3,459 3,749
Other income    
REVENUES    
Total revenues 1,518 1,324
VERIS RESIDENTIAL, L.P.    
REVENUES    
Total revenues 70,102 67,756
EXPENSES    
Real estate taxes 7,756 9,212
Utilities 2,880 2,807
Operating services 10,662 10,993
Property management 4,482 4,385
General and administrative 10,549 10,068
Transaction and merger related costs 10,486 308
Depreciation and amortization 21,226 21,253
Land and other impairments, net 0 3,200
Total expenses 68,041 62,226
OTHER (EXPENSE) INCOME    
Interest expense (17,871) (22,960)
Interest and other investment income 102 25
Equity in earnings (losses) of unconsolidated joint ventures 460 3,842
Gain (loss) on disposition of developable land 0 (156)
Other income (expense), net (283) (105)
Total other (expense) income, net (17,592) (19,354)
Income (loss) from continuing operations before income tax expense (15,531) (13,824)
Provision for income taxes (69) (42)
Net income (loss) from continuing operations (15,600) (13,866)
Discontinued operations:    
Income (loss) from discontinued operations 0 136
Net income (loss) (15,600) (13,730)
Noncontrolling interests in consolidated joint ventures 400 2,125
Redeemable noncontrolling interests (81) (81)
Net income (loss) available to common shareholders $ (15,281) $ (11,686)
Basic earnings per common share:    
Income (loss) from continuing operations (in dollars per share) $ (0.15) $ (0.12)
Discontinued operations (in dollars per share) 0 0
Net income (loss) available to common shareholders (in dollars per share) (0.15) (0.12)
Diluted earnings per common share:    
Income (loss) from continuing operations (in dollars per share) (0.15) (0.12)
Discontinued operations (in dollars per share) 0 0
Net income (loss) available to common shareholders (in dollars per share) $ (0.15) $ (0.12)
Basic weighted average units outstanding (in shares) 102,136 101,690
Diluted weighted average units outstanding (in shares) 102,136 101,690
VERIS RESIDENTIAL, L.P. | Revenue from leases    
REVENUES    
Total revenues $ 64,591 $ 61,965
VERIS RESIDENTIAL, L.P. | Management fees    
REVENUES    
Total revenues 534 718
VERIS RESIDENTIAL, L.P. | Parking income    
REVENUES    
Total revenues 3,459 3,749
VERIS RESIDENTIAL, L.P. | Other income    
REVENUES    
Total revenues $ 1,518 $ 1,324