Quarterly report pursuant to Section 13 or 15(d)

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

v3.23.3
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 $ 9     $ 1,211,790 $ 197,236 $ 40,383
Increase (Decrease) in Partners' Capital [Roll Forward]                    
Net (loss) income $ (75,779)     (75,779)       (83,937) (8,526) 16,684
Unit distributions 218     218         218  
Redeemable noncontrolling interests (24,875)     (24,875)       (5,187) (520) (19,168)
Change in noncontrolling interests in consolidated joint ventures 24     24           24
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 23     23       23    
Directors' deferred compensation plan, value 330   330 330       330    
Other comprehensive (loss) income 4,699   4,270 4,699 4,270       429  
Stock compensation (in shares)           174,000        
Stock compensation 10,657     10,657       7,256 3,401  
Cancellation of restricted shares (in shares)   (51,000)                
Cancellation of restricted shares (852)     (852)       (852)    
Balance, ending at Sep. 30, 2022       1,362,062 4,279     1,129,584 190,276 37,923
Balance, ending (in shares) at Sep. 30, 2022           91,084,000 9,290,000      
Balance, beginning (in shares) at Jun. 30, 2022           91,063,000 9,290,000      
Balance, beginning at Jun. 30, 2022       1,467,173 1,941     1,226,783 199,806 38,643
Increase (Decrease) in Partners' Capital [Roll Forward]                    
Net (loss) income (105,902)     (105,902)       (101,218) (10,323) 5,639
Redeemable noncontrolling interests (4,955)     (4,955)       1,279 131 (6,365)
Change in noncontrolling interests in consolidated joint ventures 6     6           6
Redemption of common units     0              
Shares issued under Dividend Reinvestment and Stock Purchase Plan (4)     (4)       (4)    
Directors' deferred compensation plan, value 110   110 110       110    
Other comprehensive (loss) income 2,577   2,338 2,577 2,338       239  
Stock compensation (in shares)           31,000        
Stock compensation 3,213     3,213       2,790 423  
Cancellation of restricted shares (in shares)   (10,000)                
Cancellation of restricted shares $ (156)     (156)       (156)    
Balance, ending at Sep. 30, 2022       1,362,062 4,279     1,129,584 190,276 37,923
Balance, ending (in shares) at Sep. 30, 2022           91,084,000 9,290,000      
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 3,977     1,163,935 193,882 37,543
Increase (Decrease) in Partners' Capital [Roll Forward]                    
Net (loss) income $ (106,615)     (106,615)       (102,214) (9,919) 5,518
Unit distributions (435)     (5,149)       (4,714) (435)  
Redeemable noncontrolling interests (12,310)     (12,310)       (4,516) (461) (7,333)
Change in noncontrolling interests in consolidated joint ventures (478)     (478)           (478)
Vested LTIP units (in shares)             221,000      
Redemption of common units for common stock (in shares)           821,000 821,000      
Redemption of common units for common stock 0     0       11,348 (11,348)  
Redemption of common units (in shares)             (5,000)      
Redemption of common units (94)   11,348 (94)         (94)  
Shares issued under Dividend Reinvestment and Stock Purchase Plan 3     3       3    
Directors' deferred compensation plan (in shares)           21,000        
Directors' deferred compensation plan, value 295   295 295       295    
Other comprehensive (loss) income (123)   (111) (123) (111)       (12)  
Stock compensation (in shares)           268,000        
Stock compensation 16,705     16,705       16,218 487  
Cancellation of restricted shares (in shares)   (35,000)                
Cancellation of restricted shares $ (497)     (497)       (497)    
Balance, ending at Sep. 30, 2023       1,291,074 3,866     1,079,858 172,100 35,250
Balance, ending (in shares) at Sep. 30, 2023 92,217,463         92,217,000 8,696,000      
Balance, beginning (in shares) at Jun. 30, 2023           92,041,000 8,867,000      
Balance, beginning at Jun. 30, 2023       1,348,018 4,518     1,127,647 180,095 35,758
Increase (Decrease) in Partners' Capital [Roll Forward]                    
Net (loss) income $ (60,250)     (60,250)       (54,807) (5,201) (242)
Unit distributions (435)     (5,149)       (4,714) (435)  
Redeemable noncontrolling interests (350)     (350)           (350)
Change in noncontrolling interests in consolidated joint ventures 84     84           84
Redemption of common units for common stock (in shares)           171,000 (171,000)      
Redemption of common units for common stock 0     0       2,297 (2,297)  
Redemption of common units     2,297              
Shares issued under Dividend Reinvestment and Stock Purchase Plan 1     1       1    
Directors' deferred compensation plan, value 99   99 99       99    
Other comprehensive (loss) income (714)   $ (652) (714) (652)       (62)  
Stock compensation (in shares)           9,000        
Stock compensation 9,366     9,366       9,366    
Cancellation of restricted shares (in shares)   (4,000)                
Cancellation of restricted shares $ (31)     (31)       (31)    
Balance, ending at Sep. 30, 2023       $ 1,291,074 $ 3,866     $ 1,079,858 $ 172,100 $ 35,250
Balance, ending (in shares) at Sep. 30, 2023 92,217,463         92,217,000 8,696,000