Veris Residential, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting (Tables)

Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2012

Schedule Of Segment Reporting Information, By Segment


				Construction		Corporate			Total
		Real Estate		Services		& Other (d)			Company
Total revenues:
Three months ended:
September 30, 2012	$	171,356	$	2,446	$	(590)		$	173,212
September 30, 2011		172,503		2,406		528			175,437
Nine months ended:
September 30, 2012	$	523,445	$	11,018	$	191		$	534,654
September 30, 2011		527,815		9,225		1,778			538,818

Total operating and interest expenses(a):
Three months ended:
September 30, 2012	$	67,571	$	2,361	$	41,948	(i)	$	111,880	(e)
September 30, 2011		61,234		2,681		39,792			103,707	(f)
Nine months ended:
September 30, 2012	$	199,073	$	10,938	$	127,241	(i)	$	337,252	(g)
September 30, 2011		204,586		10,066		118,981			333,633	(h)

Equity in earnings (loss) of unconsolidated
joint ventures:
Three months ended:
September 30, 2012	$	2,418		-		-		$	2,418
September 30, 2011		539		-		-			539
Nine months ended:
September 30, 2012	$	4,751		-		-		$	4,751
September 30, 2011		1,174		-		-			1,174

Net operating income (loss) (b):
Three months ended:
September 30, 2012	$	106,203	$	85	$	(42,538)	(i)	$	63,750	(e)
September 30, 2011		111,808		(275)		(39,264)			72,269	(f)
Nine months ended:
September 30, 2012	$	329,123	$	80	$	(127,050)	(i)	$	202,153	(g)
September 30, 2011		324,403		(841)		(117,203)			206,359	(h)

Total assets:
September 30, 2012	$	4,249,228	$	6,470	$	13,875		$	4,269,573
December 31, 2011		4,272,469		7,022		16,268			4,295,759

Total long-lived assets (c):
September 30, 2012	$	4,010,766		-	$	3,090		$	4,013,856
December 31, 2011		4,034,651		-		2,272			4,036,923

(a) Total operating and interest expenses represent the sum of: real estate taxes; utilities; operating services; direct construction costs; real estate services salaries, wages and other costs; general and administrative and interest expense (net of interest income). All interest expense, net of interest 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 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 investments in unconsolidated joint ventures.

(d) Corporate & Other represents all corporate-level items (including interest and other investment income, interest expense and non-property general and administrative expense) as well as intercompany eliminations necessary to reconcile to consolidated Company totals.

(e) Excludes $47,829 of depreciation and amortization.

(f) Excludes $48,082 of depreciation and amortization.

(g) Excludes $143,642 of depreciation and amortization.

(h)Excludes $143,635 of depreciation and amortization.

(i)Included in these amounts for the three and nine months ended September 30, 2012 were transaction costs related to the Roseland Transaction of $3.8 million and $6.3 million, respectively.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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