Veris Residential, Inc. Quarterly report [Sections 13 or 15(d)]

DEFERRED CHARGES AND OTHER ASSETS, NET (Tables)

DEFERRED CHARGES AND OTHER ASSETS, NET (Tables)

3 Months Ended

Mar. 31, 2026

Schedule Of Deferred Charges, Goodwill And Other Assets


(dollars in thousands)	March 31, 2026		December 31, 2025
Deferred leasing costs	$	5,860	$	5,684
Deferred financing costs (a)	7,131		7,124
Deferred charges	12,991		12,808
Accumulated amortization	(7,623)		(6,759)
Deferred charges, net	5,368		6,049
In-place lease values, related intangibles and other assets, net	8,828		8,999
Right of use assets (b)	3,804		4,079
Prepaid expenses and other assets, net	18,241		21,461

Total deferred charges and other assets, net	$	36,241	$	40,588

(a)This amount relates to the deferred financing costs associated with the revolving credit facility. Deferred financing costs related to all other debt liabilities are netted against those debt liabilities for all periods presented.

(b)This amount has a corresponding liability of $5.5 million and $5.7 million as of March 31, 2026 and December 31, 2025, respectively, which is included in Accounts payable, accrued expense and other liabilities. See Note 12: Commitments and Contingencies – Office and Ground Lease agreements for further details.

Schedule Of Fair Value Of The Derivative Financial Instruments

The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the consolidated balance sheets as of March 31, 2026 and December 31, 2025 (dollars in thousands):


Derivative Instruments	Fair Value				Balance sheet location
	March 31, 2026		December 31, 2025
Interest rate caps designated as hedging instruments	$	204	$	196	Deferred charges and other assets, net
Interest rate caps not designated as hedging instruments	94		110		Deferred charges and other assets, net

Schedule Of Cash Flow Hedging, Derivative Financial Instruments On The Income Statement

The table below presents the effect of the Company’s derivative financial instruments designated as hedging instruments on the Consolidated Statements of Operations for the three months ended March 31, 2026 and 2025, respectively (dollars in thousands):


Derivatives in Cash Flow Hedging Relationships	Amount of Gain or (Loss) Recognized in OCI on Derivative (a)				Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (a) (b)		Total Amount of Interest Expense presented in the Consolidated Statements of Operations
	Three months ended March 31,					Three months ended March 31,					Three months ended March 31,
	2026		2025				2026		2025			2026		2025
Interest Rate Caps	$	110	$	(901)			$	(260)	$	(141)		$	(17,871)	$	(22,960)

(a)Amounts exclude net gains of $0.1 million and net losses of $0.3 million recognized on unconsolidated joint ventures during the three months ended March 31, 2026 and 2025, respectively.

(b)The gain or loss reclassified from Accumulated OCI into Income is recorded in Interest Expense.