Veris Residential, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Tables)

Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2013

Discontinued Operations [Abstract]

Schedule Of Properties Identified As Held For Sale

# of

Rentable

Gross

Accumulated

Net

Property

Location

Bldgs.

Square Feet

Book Value

Depreciation

Book Value

106 Allen Road (a)

Bernards Township, New Jersey

132,010

17,895

(5,044)

12,851

(a) On July 10, 2013, the Company sold this property for approximately $18.0 million.

Summary Of Income From Discontinued Operations And Related Realized And Unrealized Gains (Losses)



	Three Months Ended				Six Months Ended
	June 30,				June 30,
		2013		2012		2013		2012
Total revenues	$	2,742	$	7,355	$	7,804	$	15,155
Operating and other expenses		(1,109)		(2,766)		(3,428)		(5,930)
Depreciation and amortization		(234)		(1,678)		(974)		(3,716)
Interest expense (net of interest income)		(35)		(80)		(116)		(589)

Income from discontinued operations		1,364		2,831		3,286		4,920

Loss from early extinguishment of debt		(703)		-		(703)		-

Unrealized losses on disposition of rental property		-		(1,634)		-		(2,133)
Realized gains (losses) on
disposition of rental property, net		37,609		-		37,609		4,511

Realized gains (losses) and unrealized losses on
disposition of rental property, net		37,609		(1,634)		37,609		2,378

Total discontinued operations, net	$	38,270	$	1,197	$	40,192	$	7,298

- Definition

Tabular disclosure of long lived assets held for sale. Disclosure may include the description of the facts and circumstances leading to the expected disposal, manner and timing of disposal, the carrying value of the assets held for sale, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss).

+ References + Details

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References + Details