Segment Reporting (Tables) |
12 Months Ended |
|---|---|
Dec. 31, 2021 | |
| Segment Reporting Information [Line Items] | |
| Schedule Of Selected Results Of Operations And Asset Information | Commercial Multifamily Corporate Total & Other Real Estate Real Estate & Services (d) & Other (e) CompanyTotal revenues: 2021$ 159,532 $ 171,030 $ (1,245) $ 329,317 2020 155,045 156,841 1,676 313,562 2019 184,966 170,833 1,403 357,202 Total operating and interest expenses (a): 2021$ 64,409 $ 108,197 $ 108,850 $ 281,456 2020 73,160 95,631 127,184 295,975 2019 80,018 89,512 127,425 296,955 Equity in earnings (loss) of unconsolidated joint ventures: 2021$ (111) $ (4,140) $ $ (4,251)2020 (2,254) (1,578) - (3,832)2019 (1,194) (125) - (1,319) Net operating income (loss) (b): Three months ended: 2021$ 95,012 $ 58,693 $ (110,095) $ 43,610 2020 79,631 59,632 (125,508) 13,755 2019 103,754 81,196 (126,022) 58,928 Total assets: 2021$ 1,216,717 $ 3,294,226 $ 16,375 $ 4,527,318 2020 1,881,161 3,249,516 17,109 5,147,786 Total long-lived assets (c): 2021$ 1,087,198 $ 3,098,492 $ (1,309) $ 4,184,381 2020 1,693,054 3,035,485 (1,411) 4,727,128 Total investments in unconsolidated joint ventures: 2021$ - $ 137,772 $ - $ 137,772 2020 5,555 156,827 - 162,382 (a)Total operating and interest expenses represent the sum of: real estate taxes; utilities; operating services; real estate services expenses; general and administrative, acquisition-related costs and interest expense (net of interest income). All interest expense, net of interest and other investment income, (including for property-level mortgages) is excluded from segment amounts and classified in Corporate & Other for all periods.(b)Net operating income represents total revenues less total operating and interest expenses (as defined and classified in Note “a”), plus equity in earnings (loss) of unconsolidated joint ventures, for the period.(c)Long-lived assets are comprised of net investment in rental property, unbilled rents receivable and goodwill. (d)Segment assets and operations were owned through a consolidated variable interest entity commencing in February 2018, and which also include the Company’s consolidated hotel operations.(e)Corporate & Other represents all corporate-level items (including interest and other investment income, interest expense, non-property general and administrative expense), as well as intercompany eliminations necessary to reconcile to consolidated Company totals. |
| Schedule Of Reconciliation Of Net Operating Income To Net Income Available To Common Shareholders | Year Ended December 31, 2021 2020 2019Net operating income$ 43,610 $ 13,755 $ 58,928Add (deduct): Depreciation and amortization (111,618) (122,035) (133,597)Land and other impairments, net (23,719) (16,817) (32,444)Property impairments (13,467) (36,582) -Gain on change of control of interests - - 13,790Realized gains (losses) and unrealized losses on disposition of rental property, net 3,022 5,481 343,102Gain on disposition of developable land 2,115 5,787 522Gain on sale from unconsolidated joint ventures (1,886) 35,184 903Gain (loss) from extinguishment of debt, net (47,078) (272) 1,648Income (loss) from continuing operations (149,021) (115,499) 252,852Discontinued operations Income from discontinued operations 13,930 70,700 24,334Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net 25,552 11,201 (133,350)Total discontinued operations, net 39,482 81,901 (109,016)Net income (loss) (109,539) (33,598) 143,836Noncontrolling interests in consolidated joint ventures 4,595 2,695 3,904Noncontrolling interests in Operating Partnership 15,469 13,277 (23,724)Noncontrolling interest in discontinued operations (3,590) (7,878) 10,460Redeemable noncontrolling interests (25,977) (25,883) (22,615)Net income (loss) available to common shareholders$ (119,042) $ (51,387) $ 111,861 |
| VERIS RESIDENTIAL, L.P. [Member] | |
| Segment Reporting Information [Line Items] | |
| Schedule Of Selected Results Of Operations And Asset Information | Commercial Multifamily Corporate Total & Other Real Estate Real Estate & Services (d) & Other (e) CompanyTotal revenues: 2021$ 159,532 $ 171,030 $ (1,245) $ 329,317 2020 155,045 156,841 1,676 313,562 2019 184,966 170,833 1,403 357,202 Total operating and interest expenses (a): 2021$ 64,409 $ 108,197 $ 108,850 $ 281,456 2020 73,160 95,631 127,184 295,975 2019 80,018 89,512 127,425 296,955 Equity in earnings (loss) of unconsolidated joint ventures: 2021$ (111) $ (4,140) $ $ (4,251)2020 (2,254) (1,578) - (3,832)2019 (1,194) (125) - (1,319) Net operating income (loss) (b): Three months ended: 2021$ 95,012 $ 58,693 $ (110,095) $ 43,610 2020 79,631 59,632 (125,508) 13,755 2019 103,754 81,196 (126,022) 58,928 Total assets: 2021$ 1,216,717 $ 3,294,226 $ 16,375 $ 4,527,318 2020 1,881,161 3,249,516 17,109 5,147,786 Total long-lived assets (c): 2021$ 1,087,198 $ 3,098,492 $ (1,309) $ 4,184,381 2020 1,693,054 3,035,485 (1,411) 4,727,128 Total investments in unconsolidated joint ventures: 2021$ - $ 137,772 $ - $ 137,772 2020 5,555 156,827 - 162,382 (a)Total operating and interest expenses represent the sum of: real estate taxes; utilities; operating services; real estate services expenses; general and administrative, acquisition-related costs and interest expense (net of interest income). All interest expense, net of interest and other investment income, (including for property-level mortgages) is excluded from segment amounts and classified in Corporate & Other for all periods.(b)Net operating income represents total revenues less total operating and interest expenses (as defined and classified in Note “a”), plus equity in earnings (loss) of unconsolidated joint ventures, for the period.(c)Long-lived assets are comprised of net investment in rental property, unbilled rents receivable and goodwill. (d)Segment assets and operations were owned through a consolidated variable interest entity commencing in February 2018, and which also include the Company’s consolidated hotel operations.(e)Corporate & Other represents all corporate-level items (including interest and other investment income, interest expense, non-property general and administrative expense), as well as intercompany eliminations necessary to reconcile to consolidated Company totals. |
| Schedule Of Reconciliation Of Net Operating Income To Net Income Available To Common Shareholders | Year Ended December 31, 2021 2020 2019Net operating income$ 43,610 $ 13,755 $ 58,928Add (deduct): Depreciation and amortization (111,618) (122,035) (133,597)Land and other impairments, net (23,719) (16,817) (32,444)Property impairments (13,467) (36,582) -Gain on change of control of interests - - 13,790Realized gains (losses) and unrealized losses on disposition of rental property, net 3,022 5,481 343,102Gain on disposition of developable land 2,115 5,787 522Gain on sale from unconsolidated joint ventures (1,886) 35,184 903Gain (loss) from extinguishment of debt, net (47,078) (272) 1,648Income (loss) from continuing operations (149,021) (115,499) 252,852Discontinued operations Income from discontinued operations 13,930 70,700 24,334Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net 25,552 11,201 (133,350)Total discontinued operations, net 39,482 81,901 (109,016)Net income (loss) (109,539) (33,598) 143,836Noncontrolling interests in consolidated joint ventures 4,595 2,695 3,904Redeemable noncontrolling interests (25,977) (25,883) (22,615)Net income (loss) available to common unitholders$ (130,921) $ (56,786) $ 125,125 |