Quarterly report pursuant to Section 13 or 15(d)

VERIS RESIDENTIAL, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS

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VERIS RESIDENTIAL, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Rental property    
Land and leasehold interests $ 476,207 $ 492,204
Buildings and improvements 2,841,573 3,332,315
Tenant improvements 40,846 122,509
Furniture, fixtures and equipment 101,793 99,094
Gross investment in rental property 3,460,419 4,046,122
Less – accumulated depreciation and amortization (460,664) (631,910)
Total investment in rental property 2,999,755 3,414,212
Real estate held for sale, net 99,183 193,933
Net investment in rental property 3,098,938 3,608,145
Cash and cash equivalents 17,274 26,782
Restricted cash 23,603 20,867
Investments in unconsolidated joint ventures 119,830 126,158
Unbilled rents receivable, net 5,626 39,734
Deferred charges and other assets, net 60,764 96,162
Accounts receivable 3,855 2,920
Total assets 3,329,890 3,920,768
LIABILITIES AND EQUITY    
Revolving credit facility and term loans 59,067 0
Mortgages, loans payable and other obligations, net 1,853,799 1,903,977
Dividends and distributions payable $ 5,221 $ 110
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration] Accounts payable, accrued expenses and other liabilities Accounts payable, accrued expenses and other liabilities
Accounts payable, accrued expenses and other liabilities $ 57,737 $ 72,041
Rents received in advance and security deposits 15,916 22,941
Accrued interest payable 6,845 7,131
Total liabilities 1,998,585 2,006,200
Commitments and contingencies
Redeemable noncontrolling interests 40,231 515,231
Veris Residential, Inc. stockholders’ equity:    
Common stock, $0.01 par value, 190,000,000 shares authorized, 92,217,463 and 91,141,649 shares outstanding 920 911
Additional paid-in capital 2,551,137 2,532,182
Dividends in excess of net earnings (1,408,313) (1,301,385)
Accumulated other comprehensive income 3,866 3,977
Total Veris Residential, Inc. stockholders’ equity 1,147,610 1,235,685
Noncontrolling interests in subsidiaries:    
Operating Partnership 108,214 126,109
Consolidated joint ventures 35,250 37,543
Total noncontrolling interests in subsidiaries 143,464 163,652
Total equity 1,291,074 1,399,337
Total liabilities and equity $ 3,329,890 $ 3,920,768