Quarterly report pursuant to Section 13 or 15(d)

VERIS RESIDENTIAL, L.P. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

v3.23.2
VERIS RESIDENTIAL, L.P. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
General Partner Common Units
Common Unitholders
VERIS RESIDENTIAL, L.P.
VERIS RESIDENTIAL, L.P.
Accumulated Other Comprehensive Income (Loss)
VERIS RESIDENTIAL, L.P.
General Partner Common Units
VERIS RESIDENTIAL, L.P.
Limited Partner Common Units/ Vested LTIP Units
VERIS RESIDENTIAL, L.P.
Common Unitholders
VERIS RESIDENTIAL, L.P.
Limited Partner Common Unitholders
VERIS RESIDENTIAL, L.P.
Noncontrolling Interest in Consolidated Joint Ventures
Balance, beginning (in shares) at Dec. 31, 2021           90,948,000 9,013,000      
Balance, beginning at Dec. 31, 2021 $ 1,449,418     $ 1,449,418 $ 9     $ 1,211,790 $ 197,236 $ 40,383
Increase (Decrease) in Partners' Capital [Roll Forward]                    
Net (loss) income 30,123     30,123       17,281 1,797 11,045
Common unit distributions 218     218         218  
Redeemable noncontrolling interests (19,920)     (19,920)       (6,466) (651) (12,803)
Change in noncontrolling interests in consolidated joint ventures 18     18           18
Vested LTIP units (in shares)             397,000      
Redemption of common units for common stock (in shares)           11,000 11,000      
Redemption of common units for common stock 0     0       161 (161)  
Redemption of common units (in shares)             (109,000)      
Redemption of common units (1,801)   $ 161 (1,801)         (1,801)  
Shares issued under Dividend Reinvestment and Stock Purchase Plan (in shares)           2,000        
Shares issued under Dividend Reinvestment and Stock Purchase Plan 27     27       27    
Directors' deferred compensation plan, value 220   220 220       220    
Other comprehensive income (loss) 2,122   1,932 2,122 1,932       190  
Stock compensation (in shares)           143,000        
Stock compensation 7,444     7,444       4,466 2,978  
Cancellation of restricted shares (in shares)   (41,000)                
Cancellation of restricted shares (696)     (696)       (696)    
Balance, ending (in shares) at Jun. 30, 2022           91,063,000 9,290,000      
Balance, ending at Jun. 30, 2022 1,467,173     1,467,173 1,941     1,226,783 199,806 38,643
Balance, beginning (in shares) at Mar. 31, 2022           90,956,000 8,962,000      
Balance, beginning at Mar. 31, 2022 1,440,801     1,440,801 1,995     1,201,834 197,552 39,420
Increase (Decrease) in Partners' Capital [Roll Forward]                    
Net (loss) income 34,650     34,650       26,373 2,695 5,582
Redeemable noncontrolling interests (10,250)     (10,250)       (3,524) (360) (6,366)
Change in noncontrolling interests in consolidated joint ventures 7     7           7
Vested LTIP units (in shares)             362,000      
Redemption of common units for common stock (in shares)           11,000 (11,000)      
Redemption of common units for common stock 0     0       161 (161)  
Redemption of common units (in shares)             (23,000)      
Redemption of common units (359)   161 (359)         (359)  
Shares issued under Dividend Reinvestment and Stock Purchase Plan (in shares)           1,000        
Shares issued under Dividend Reinvestment and Stock Purchase Plan 16     16       16    
Directors' deferred compensation plan, value 110   110 110       110    
Other comprehensive income (loss) (60)   (54) (60) (54)       (6)  
Stock compensation (in shares)           136,000        
Stock compensation 2,954     2,954       2,509 445  
Cancellation of restricted shares (in shares)   (41,000)                
Cancellation of restricted shares (696)     (696)       (696)    
Balance, ending (in shares) at Jun. 30, 2022           91,063,000 9,290,000      
Balance, ending at Jun. 30, 2022 $ 1,467,173     1,467,173 1,941     1,226,783 199,806 38,643
Balance, beginning (in shares) at Dec. 31, 2022 91,141,649         91,142,000 9,301,000      
Balance, beginning at Dec. 31, 2022 $ 1,399,337     1,399,337 3,977     1,163,935 193,882 37,543
Increase (Decrease) in Partners' Capital [Roll Forward]                    
Net (loss) income (46,365)     (46,365)       (47,407) (4,718) 5,760
Common unit distributions 0                  
Redeemable noncontrolling interests (11,960)     (11,960)       (4,516) (461) (6,983)
Change in noncontrolling interests in consolidated joint ventures (562)     (562)           (562)
Vested LTIP units (in shares)             221,000      
Redemption of common units for common stock (in shares)           650,000 650,000      
Redemption of common units for common stock 0     0       9,051 (9,051)  
Redemption of common units (in shares)             (5,000)      
Redemption of common units (94)   9,051 (94)         (94)  
Shares issued under Dividend Reinvestment and Stock Purchase Plan 2     2       2    
Directors' deferred compensation plan (in shares)           21,000        
Directors' deferred compensation plan, value 196   196 196       196    
Other comprehensive income (loss) 591   541 591 541       50  
Stock compensation (in shares)           259,000        
Stock compensation 7,339     7,339       6,852 487  
Cancellation of restricted shares (in shares)   (31,000)                
Cancellation of restricted shares $ (466)     (466)       (466)    
Balance, ending (in shares) at Jun. 30, 2023 92,041,386         92,041,000 8,867,000      
Balance, ending at Jun. 30, 2023 $ 1,348,018     1,348,018 4,518     1,127,647 180,095 35,758
Balance, beginning (in shares) at Mar. 31, 2023           91,620,000 9,116,000      
Balance, beginning at Mar. 31, 2023 1,373,969     1,373,969 3,119     1,147,640 186,816 36,394
Increase (Decrease) in Partners' Capital [Roll Forward]                    
Net (loss) income (30,135)     (30,135)       (27,434) (2,682) (19)
Redeemable noncontrolling interests (617)     (617)           (617)
Vested LTIP units (in shares)             26,000      
Redemption of common units for common stock (in shares)           271,000 (271,000)      
Redemption of common units for common stock 0     0       4,192 (4,192)  
Redemption of common units (in shares)             (4,000)      
Redemption of common units (78)   4,192 (78)         (78)  
Shares issued under Dividend Reinvestment and Stock Purchase Plan 1     1       1    
Directors' deferred compensation plan (in shares)           21,000        
Directors' deferred compensation plan, value 86   86 86       86    
Other comprehensive income (loss) 1,536   $ 1,399 1,536 1,399       137  
Stock compensation (in shares)           144,000        
Stock compensation 3,475     3,475       3,381 94  
Cancellation of restricted shares (in shares)   (15,000)                
Cancellation of restricted shares $ (219)     (219)       (219)    
Balance, ending (in shares) at Jun. 30, 2023 92,041,386         92,041,000 8,867,000      
Balance, ending at Jun. 30, 2023 $ 1,348,018     $ 1,348,018 $ 4,518     $ 1,127,647 $ 180,095 $ 35,758