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

Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2021


		Three Months Ended March 31,
		2021		2020
Total revenues	$	21,637	$	40,062
Operating and other expenses		(8,723)		(16,496)
Depreciation and amortization		(659)		(1,354)
Interest expense		(1,293)		(1,306)

Income from discontinued operations		10,962		20,906

Unrealized gains (losses) on disposition of rental property (a)		1,020		(45,068)
Realized gains (losses) on disposition of rental property (b)		21,761		17,322
Realized gains (losses) and unrealized gains (losses) on
disposition of rental property and impairments, net		22,781		(27,746)

Total discontinued operations, net	$	33,743	$	(6,840)

(a)Represents valuation allowances, including reversals, and impairment charges on properties classified as discontinued operations in 2020.

(b)See Note 3: Real Estate Transactions – Dispositions for further information regarding properties sold and related gains (losses).


		Three Months Ended March 31,
		2021		2020
Total revenues	$	21,637	$	40,062
Operating and other expenses		(8,723)		(16,496)
Depreciation and amortization		(659)		(1,354)
Interest expense		(1,293)		(1,306)

Income from discontinued operations		10,962		20,906

Unrealized gains (losses) on disposition of rental property (a)		1,020		(45,068)
Realized gains (losses) on disposition of rental property (b)		21,761		17,322
Realized gains (losses) and unrealized gains (losses) on
disposition of rental property and impairments, net		22,781		(27,746)

Total discontinued operations, net	$	33,743	$	(6,840)

(a)Represents valuation allowances, including reversals, and impairment charges on properties classified as discontinued operations in 2020.

(b)See Note 3: Real Estate Transactions – Dispositions for further information regarding properties sold and related gains (losses).