Quarterly report pursuant to Section 13 or 15(d)

VERIS RESIDENTIAL, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS

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VERIS RESIDENTIAL, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
REVENUES    
Total revenues $ 66,925 $ 46,169
EXPENSES    
Real estate taxes 11,142 7,837
Utilities 2,689 2,409
Operating services 11,970 8,480
Real estate services expenses 1,943 2,363
General and administrative 10,286 19,451
Transaction related costs 1,027 0
Depreciation and amortization 23,876 18,838
Land and other impairments, net 3,396 2,932
Total expenses 66,329 62,310
OTHER (EXPENSE) INCOME    
Interest expense (22,014) (11,606)
Interest and other investment income 116 158
Equity in earnings (loss) of unconsolidated joint ventures (68) (487)
(Loss) gain on disposition of developable land (22) 2,623
Other income, net 1,998 0
Total other (expense) income, net (19,990) (9,312)
Net loss from continuing operations (19,394) (25,453)
Discontinued operations:    
Income from discontinued operations 2,384 19,090
Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net 780 1,836
Total discontinued operations, net 3,164 20,926
Net loss (16,230) (4,527)
Noncontrolling interests in consolidated joint ventures 587 974
Noncontrolling interests in Operating Partnership of income from continuing operations 2,329 2,779
Noncontrolling interests in Operating Partnership in discontinued operations (293) (1,881)
Redeemable noncontrolling interests (6,366) (6,437)
Net loss available to common shareholders $ (19,973) $ (9,092)
Basic earnings per common share:    
Loss from continuing operations (in dollars per share) $ (0.30) $ (0.34)
Discontinued operations (in dollars per share) 0.03 0.21
Net loss available to common shareholders (in dollars per share) (0.27) (0.13)
Diluted earnings per common share:    
Loss from continuing operations (in dollars per share) (0.30) (0.34)
Discontinued operations (in dollars per share) 0.03 0.21
Net loss available to common shareholders (in dollars per share) $ (0.27) $ (0.13)
Basic weighted average shares outstanding (in shares) 91,226 90,951
Diluted weighted average shares outstanding (in shares) 100,526 99,934
Revenue from leases    
REVENUES    
Total revenues $ 59,678 $ 40,508
Real estate services    
REVENUES    
Total revenues 911 910
Parking income    
REVENUES    
Total revenues 4,459 3,682
Other income    
REVENUES    
Total revenues $ 1,877 $ 1,069