Quarterly report [Sections 13 or 15(d)]

VERIS RESIDENTIAL, L.P. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS

v3.25.3
VERIS RESIDENTIAL, L.P. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Rental property    
Land and leasehold interests $ 438,018 $ 458,946
Buildings and improvements 2,587,883 2,634,321
Tenant improvements 16,388 14,784
Furniture, fixtures and equipment 115,693 112,201
Gross investment in rental property 3,157,982 3,220,252
Less – accumulated depreciation and amortization (495,698) (432,531)
Total investment in rental property 2,662,284 2,787,721
Real estate held for sale, net 0 7,291
Net investment in rental property 2,662,284 2,795,012
Cash and cash equivalents 8,778 7,251
Restricted cash 17,042 17,059
Investments in unconsolidated joint ventures 52,841 111,301
Unbilled rents receivable, net 3,302 2,253
Deferred charges and other assets, net 46,598 48,476
Accounts receivable 918 1,375
Total assets 2,791,763 2,982,727
LIABILITIES AND EQUITY    
Revolving credit facility and term loans 31,000 348,839
Mortgages, loans payable and other obligations, net 1,402,537 1,323,474
Dividends and distributions payable 8,587 8,533
Accounts payable, accrued expenses and other liabilities 51,795 42,744
Rents received in advance and security deposits 11,582 11,512
Accrued interest payable 5,131 5,262
Total liabilities 1,510,632 1,740,364
Commitments and contingencies
Redeemable noncontrolling interests 9,294 9,294
Partners’ Capital:    
Accumulated other comprehensive income (684) 154
Total liabilities and equity 2,791,763 2,982,727
VERIS RESIDENTIAL, L.P.    
Rental property    
Land and leasehold interests 438,018 458,946
Buildings and improvements 2,587,883 2,634,321
Tenant improvements 16,388 14,784
Furniture, fixtures and equipment 115,693 112,201
Gross investment in rental property 3,157,982 3,220,252
Less – accumulated depreciation and amortization (495,698) (432,531)
Total investment in rental property 2,662,284 2,787,721
Real estate held for sale, net 0 7,291
Net investment in rental property 2,662,284 2,795,012
Cash and cash equivalents 8,778 7,251
Restricted cash 17,042 17,059
Investments in unconsolidated joint ventures 52,841 111,301
Unbilled rents receivable, net 3,302 2,253
Deferred charges and other assets, net 46,598 48,476
Accounts receivable 918 1,375
Total assets 2,791,763 2,982,727
LIABILITIES AND EQUITY    
Revolving credit facility and term loans 31,000 348,839
Mortgages, loans payable and other obligations, net 1,402,537 1,323,474
Dividends and distributions payable 8,587 8,533
Accounts payable, accrued expenses and other liabilities 51,795 42,744
Rents received in advance and security deposits 11,582 11,512
Accrued interest payable 5,131 5,262
Total liabilities 1,510,632 1,740,364
Commitments and contingencies
Redeemable noncontrolling interests 9,294 9,294
Partners’ Capital:    
General Partner, 93,426,296 and 92,912,253 common units outstanding 1,094,138 1,035,795
Limited partners, 8,591,702 and 8,672,247 common units/LTIPs outstanding 169,752 166,030
Accumulated other comprehensive income (684) 154
Total Veris Residential, L.P. partners’ capital 1,263,206 1,201,979
Noncontrolling interests in consolidated joint ventures 8,631 31,090
Total equity 1,271,837 1,233,069
Total liabilities and equity $ 2,791,763 $ 2,982,727