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VERIS RESIDENTIAL, INC. STOCKHOLDERS’ EQUITY AND VERIS RESIDENTIAL, L.P.’S PARTNERS’ CAPITAL (Tables)
 3 Months Ended
Mar. 31, 2024
Stockholders' Equity Note [Abstract]  
Schedule of General Partner Capital
The following table reflects the activity of the General Partner capital for the three months ended March 31, 2024 and 2023, respectively (dollars in thousands):
Three Months Ended
March 31,
20242023
Opening Balance $1,137,478$1,235,685
Net loss available to common shareholders(3,903)(19,973)
Shares issued under ATM Program, net(55)— 
Common stock distributions(4,984)— 
Redeemable noncontrolling interests— (4,516)
Redemption of common units for common stock— 4,859 
Shares issued under Dividend Reinvestment and Stock Purchase Plan11
Directors' deferred compensation plan99110
Stock Compensation4,2003,471
Cancellation of common stock(1,534)(247)
Other comprehensive (loss) income 998(858)
Rebalancing of ownership percent between parent and subsidiaries(69)(2,002)
Balance at March 31$1,132,231$1,216,530
Schedule of Reconciliation of Shares used in Basic EPS Calculation to Shares used in Diluted EPS Calculation
The following information presents the Company’s results for the three months ended March 31, 2024 and 2023 in accordance with ASC 260, Earnings Per Share (dollars in thousands, except per share amounts):
Veris Residential, Inc.:
Three Months Ended
March 31,
Computation of Basic EPS20242023
Loss from continuing operations after income tax expense$(6,269)$(18,832)
Add (deduct): Noncontrolling interests in consolidated joint ventures495 587 
Add (deduct): Noncontrolling interests in Operating Partnership523 2,277 
Add (deduct): Redeemable noncontrolling interests(297)(6,366)
Add (deduct): Redemption value adjustment of redeemable noncontrolling interests attributable to common shareholders— (4,516)
Loss from continuing operations available to common shareholders(5,548)(26,850)
Income from discontinued operations available to common shareholders1,645 2,361 
Net loss available to common shareholders for basic earnings per share$(3,903)$(24,489)
Weighted average common shares92,275 91,226 
Basic EPS:
Loss from continuing operations available to common shareholders$(0.06)$(0.29)
Income from discontinued operations available to common shareholders0.02 0.02 
Net loss available to common shareholders$(0.04)$(0.27)
Three Months Ended
March 31,
Computation of Diluted EPS20242023
Net loss from continuing operations available to common shareholders$(5,548)$(26,850)
Add (deduct): Noncontrolling interests in Operating Partnership(523)(2,277)
Add (deduct): Redemption value adjustment of redeemable noncontrolling interests attributable to the Operating Partnership unitholders— (461)
Loss from continuing operations for diluted earnings per share(6,071)(29,588)
Income from discontinued operations for diluted earnings per share1,800 2,602 
Net loss available for diluted earnings per share$(4,271)$(26,986)
Weighted average common shares100,968 100,526 
Diluted EPS:
Loss from continuing operations available to common shareholders$(0.06)$(0.29)
Income from discontinued operations available to common shareholders0.02 0.02 
Net loss available to common shareholders$(0.04)$(0.27)
The following schedule reconciles the weighted average shares used in the basic EPS calculation to the shares used in the diluted EPS calculation (in thousands):
Three Months Ended
March 31,
20242023
Basic EPS shares92,275 91,226 
Add: Operating Partnership – common and vested LTIP units8,693 9,300 
Diluted EPS Shares100,968 100,526 
Veris Residential, L.P.:
Three Months Ended
March 31,
Computation of Basic EPU20242023
Loss from continuing operations after income tax expense$(6,269)$(18,832)
Add (deduct): Noncontrolling interests in consolidated joint ventures495 587 
Add (deduct): Redeemable noncontrolling interests(297)(6,366)
Add (deduct): Redemption value adjustment of redeemable noncontrolling interests— (4,977)
Loss from continuing operations available to unitholders(6,071)(29,588)
Income from discontinued operations available to unitholders1,800 2,602 
Net loss available to common unitholders for basic earnings per unit$(4,271)$(26,986)
Weighted average common units100,968 100,526 
Basic EPU:
Loss from continuing operations available to unitholders$(0.06)$(0.29)
Income from discontinued operations available to unitholders0.02 0.02 
Net loss available to common unitholders for basic earnings per unit$(0.04)$(0.27)
Three Months Ended
March 31,
Computation of Diluted EPU20242023
Loss from continuing operations available to common unitholders$(6,071)$(29,588)
Income from discontinued operations for diluted earnings per unit1,800 2,602 
Net loss available to common unitholders for diluted earnings per unit$(4,271)$(26,986)
Weighted average common unit100,968 100,526 
Diluted EPU:
Loss from continuing operations available to common unitholders$(0.06)$(0.29)
Income from discontinued operations available to common unitholders0.02 0.02 
Net loss available to common unitholders$(0.04)$(0.27)
The following schedule reconciles the weighted average units used in the basic EPU calculation to the units used in the diluted EPU calculation (in thousands):
Three Months Ended
March 31,
20242023
Basic EPU units100,968 100,526 
Diluted EPU Units100,968 100,526