Quarterly report pursuant to Section 13 or 15(d)

VERIS RESIDENTIAL, L.P. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS

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VERIS RESIDENTIAL, L.P. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
REVENUES    
Total revenues $ 67,340 $ 62,598
EXPENSES    
Real estate taxes 9,177 9,559
Utilities 2,271 2,063
Operating services 12,570 11,383
Real estate services expenses 5,242 1,943
General and administrative 11,088 10,281
Transaction related costs 516 1,027
Depreciation and amortization 20,117 21,788
Land and other impairments, net 0 3,396
Total expenses 60,981 61,440
OTHER (EXPENSE) INCOME    
Interest expense (21,500) (22,014)
Interest and other investment income 538 116
Equity in earnings (losses) of unconsolidated joint ventures 254 (68)
Gain (loss) on disposition of developable land 784 (22)
Gain on sale of unconsolidated joint venture interests 7,100 0
Other income (expense), net 255 1,998
Total other (expense) income, net (12,569) (19,990)
Loss from continuing operations before income tax expense (6,210) (18,832)
Provision for income taxes (59) 0
Loss from continuing operations after income tax expense (6,269) (18,832)
Discontinued operations:    
Income from discontinued operations 252 1,822
Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net 1,548 780
Total discontinued operations, net 1,800 2,602
Net loss (4,469) (16,230)
Noncontrolling interests in consolidated joint ventures 495 587
Redeemable noncontrolling interests (297) (6,366)
Net loss available to common shareholders $ (3,903) $ (19,973)
Basic earnings per common share:    
Loss from continuing operations (in dollars per share) $ (0.06) $ (0.29)
Discontinued operations (in dollars per share) 0.02 0.02
Net loss available to common shareholders (in dollars per share) (0.04) (0.27)
Diluted earnings per common share:    
Loss from continuing operations (in dollars per share) (0.06) (0.29)
Discontinued operations (in dollars per share) 0.02 0.02
Net loss available to common shareholders (in dollars per share) $ (0.04) $ (0.27)
Revenue from leases    
REVENUES    
Total revenues $ 60,642 $ 56,097
Real estate services    
REVENUES    
Total revenues 922 911
Parking income    
REVENUES    
Total revenues 3,745 3,728
Other income    
REVENUES    
Total revenues 2,031 1,862
VERIS RESIDENTIAL, L.P.    
REVENUES    
Total revenues 67,340 62,598
EXPENSES    
Real estate taxes 9,177 9,559
Utilities 2,271 2,063
Operating services 12,570 11,383
Real estate services expenses 5,242 1,943
General and administrative 11,088 10,281
Transaction related costs 516 1,027
Depreciation and amortization 20,117 21,788
Land and other impairments, net 0 3,396
Total expenses 60,981 61,440
OTHER (EXPENSE) INCOME    
Interest expense (21,500) (22,014)
Interest and other investment income 538 116
Equity in earnings (losses) of unconsolidated joint ventures 254 (68)
Gain (loss) on disposition of developable land 784 (22)
Gain on sale of unconsolidated joint venture interests 7,100 0
Other income (expense), net 255 1,998
Total other (expense) income, net (12,569) (19,990)
Loss from continuing operations before income tax expense (6,210) (18,832)
Provision for income taxes (59) 0
Loss from continuing operations after income tax expense (6,269) (18,832)
Discontinued operations:    
Income from discontinued operations 252 1,822
Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net 1,548 780
Total discontinued operations, net 1,800 2,602
Net loss (4,469) (16,230)
Noncontrolling interests in consolidated joint ventures 495 587
Redeemable noncontrolling interests (297) (6,366)
Net loss available to common shareholders $ (4,271) $ (22,009)
Basic earnings per common share:    
Loss from continuing operations (in dollars per share) $ (0.06) $ (0.29)
Discontinued operations (in dollars per share) 0.02 0.02
Net loss available to common shareholders (in dollars per share) (0.04) (0.27)
Diluted earnings per common share:    
Loss from continuing operations (in dollars per share) (0.06) (0.29)
Discontinued operations (in dollars per share) 0.02 0.02
Net loss available to common shareholders (in dollars per share) $ (0.04) $ (0.27)
Basic weighted average units outstanding (in shares) 100,968 100,526
Diluted weighted average units outstanding (in shares) 100,968 100,526
VERIS RESIDENTIAL, L.P. | Revenue from leases    
REVENUES    
Total revenues $ 60,642 $ 56,097
VERIS RESIDENTIAL, L.P. | Real estate services    
REVENUES    
Total revenues 922 911
VERIS RESIDENTIAL, L.P. | Parking income    
REVENUES    
Total revenues 3,745 3,728
VERIS RESIDENTIAL, L.P. | Other income    
REVENUES    
Total revenues $ 2,031 $ 1,862