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VERIS RESIDENTIAL, INC. STOCKHOLDERS’ EQUITY AND VERIS RESIDENTIAL, L.P.’S PARTNERS’ CAPITAL (Tables)
 3 Months Ended
Mar. 31, 2025
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, 2025 and 2024, respectively (dollars in thousands):
Three Months Ended
March 31,
20252024
Opening Balance $1,099,391$1,137,478
Net income (loss) available to common shareholders(10,699)(3,903)
Shares issued under ATM Program, net— (55)
Common stock distributions(7,550)(4,984)
Redemption of common units for common stock509 — 
Shares issued under Dividend Reinvestment and Stock Purchase Plan21
Directors' deferred compensation plan9899
Stock Compensation3,3224,200
Cancellation of common stock(3,923)(1,534)
Other comprehensive income (loss)(1,011)998
Rebalancing of ownership percent between parent and subsidiaries347(69)
Balance at March 31$1,080,486$1,132,231
Schedule of Reconciliation of Shares used in Basic EPS Calculation to Shares used in Diluted EPS Calculation
The following information presents the Company’s results for the three months ended March 31, 2025 and 2024 in accordance with ASC 260, Earnings Per Share (dollars in thousands, except per share amounts):
Veris Residential, Inc.:
Three Months Ended
March 31,
Computation of Basic EPS20252024
Income (loss) from continuing operations after income tax expense$(13,866)$(6,269)
Add (deduct): Noncontrolling interests in consolidated joint ventures2,125 495 
Add (deduct): Noncontrolling interests in Operating Partnership998 523 
Add (deduct): Redeemable noncontrolling interests(81)(297)
Income (loss) from continuing operations available to common shareholders$(10,824)$(5,548)
Income (loss) from discontinued operations available to common shareholders125 1,645 
Net income (loss) available to common shareholders for basic earnings per share$(10,699)$(3,903)
Weighted average common shares93,059 92,275 
Basic EPS:
Income (loss) from continuing operations available to common shareholders$(0.12)$(0.06)
Income (loss) from discontinued operations available to common shareholders— 0.02 
Net income (loss) available to common shareholders$(0.12)$(0.04)
Three Months Ended
March 31,
Computation of Diluted EPS20252024
Net income (loss) from continuing operations available to common shareholders$(10,824)$(5,548)
Add (deduct): Noncontrolling interests in Operating Partnership(998)(523)
Income (loss) from continuing operations for diluted earnings per share$(11,822)$(6,071)
Income (loss) from discontinued operations for diluted earnings per share136 1,800 
Net income (loss) available for diluted earnings per share$(11,686)$(4,271)
Weighted average common shares101,690 100,968 
Diluted EPS:
Income (loss) from continuing operations available to common shareholders$(0.12)$(0.06)
Income (loss) from discontinued operations available to common shareholders— 0.02 
Net income (loss) available to common shareholders$(0.12)$(0.04)
The following schedule reconciles the weighted average shares used in the basic EPS calculation to the shares used in the diluted EPS calculation (in thousands):
Three Months Ended
March 31,
20252024
Basic EPS shares93,059 92,275 
Add: Operating Partnership – common and vested LTIP units8,631 8,693 
Diluted EPS Shares101,690 100,968 
Veris Residential, L.P.:
Three Months Ended
March 31,
Computation of Basic EPU20252024
Income (loss) from continuing operations after income tax expense$(13,866)$(6,269)
Add (deduct): Noncontrolling interests in consolidated joint ventures2,125 495 
Add (deduct): Redeemable noncontrolling interests(81)(297)
Add (deduct): Redemption value adjustment of redeemable noncontrolling interests— — 
Income (loss) from continuing operations available to unitholders$(11,822)$(6,071)
Income (loss) from discontinued operations available to unitholders136 1,800 
Net income (loss) available to common unitholders for basic earnings per unit$(11,686)$(4,271)
Weighted average common units101,690 100,968 
Basic EPU:
Income (loss) from continuing operations available to unitholders$(0.12)$(0.06)
Income (loss) from discontinued operations available to unitholders— 0.02 
Net income (loss) available to common unitholders for basic earnings per unit$(0.12)$(0.04)
Three Months Ended
March 31,
Computation of Diluted EPU20252024
Income (loss) from continuing operations available to common unitholders$(11,822)$(6,071)
Income (loss) from discontinued operations for diluted earnings per unit136 1,800 
Net income (loss) available to common unitholders for diluted earnings per unit$(11,686)$(4,271)
Weighted average common unit101,690 100,968 
Diluted EPU:
Income (loss) from continuing operations available to common unitholders$(0.12)$(0.06)
Income (loss) from discontinued operations available to common unitholders— 0.02 
Net income (loss) available to common unitholders$(0.12)$(0.04)
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,
20252024
Basic EPU units101,690 100,968 
Diluted EPU Units101,690 100,968