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VERIS RESIDENTIAL, INC. STOCKHOLDERS’ EQUITY AND VERIS RESIDENTIAL, L.P.’S PARTNERS’ CAPITAL (Tables)
9 Months Ended
Sep. 30, 2025
Stockholders' Equity Note [Abstract]  
Schedule of General Partner Capital
The following table reflects the activity of the General Partner capital for the three and nine months ended September 30, 2025 and 2024, respectively (dollars in thousands):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2025202420252024
Opening Balance $1,086,095$1,132,424$1,099,391$1,137,478
Net income (loss) available to common shareholders75,237 (9,692)75,442 (10,673)
Shares issued under ATM Program, net— (66)1,765
Common stock distributions(7,596)(6,628)(22,770)(17,222)
Redemption of common units for common stock70 22 609 135 
Shares issued under Dividend Reinvestment and Stock Purchase Plan2256
Directors' deferred compensation plan12498338296
Stock Compensation3,0572,9269,12110,325
Cancellation of common stock(89)(657)(4,402)(3,998)
Other comprehensive income (loss)254(4,404)(838)(4,172)
Rebalancing of ownership percent between parent and subsidiaries(290)(83)(32)2
Balance at September 30$1,156,864$1,113,942$1,156,864$1,113,942
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 and nine months ended September 30, 2025 and 2024 in accordance with ASC 260, Earnings Per Share (dollars in thousands, except per share amounts):
Veris Residential, Inc.:
Three Months Ended
September 30,
Nine Months Ended
September 30,
Computation of Basic EPS2025202420252024
Income (loss) from continuing operations after income tax expense$77,544 $(11,113)$75,548 $(16,066)
Add (deduct): Noncontrolling interests in consolidated joint ventures907 391 3,181 1,429 
Add (deduct): Noncontrolling interests in Operating Partnership(6,596)923 (6,607)1,293 
Add (deduct): Redeemable noncontrolling interests(81)(81)(243)(459)
Income (loss) from continuing operations available to common shareholders$71,774 $(9,880)$71,879 $(13,803)
Income (loss) from discontinued operations available to common shareholders3,463 188 3,563 3,130 
Net income (loss) available to common shareholders for basic earnings per share$75,237 $(9,692)$75,442 $(10,673)
Weighted average common shares93,476 92,903 93,310 92,615 
Basic EPS:
Income (loss) from continuing operations available to common shareholders$0.77 $(0.10)$0.77 $(0.15)
Income (loss) from discontinued operations available to common shareholders0.04 — 0.04 0.03 
Net income (loss) available to common shareholders$0.81 $(0.10)$0.81 $(0.12)
Three Months Ended
September 30,
Nine Months Ended
September 30,
Computation of Diluted EPS2025202420252024
Net income (loss) from continuing operations available to common shareholders$71,774 $(9,880)$71,879 $(13,803)
Add (deduct): Noncontrolling interests in Operating Partnership6,596 (923)6,607 (1,293)
Income (loss) from continuing operations for diluted earnings per share$78,370 $(10,803)$78,486 $(15,096)
Income (loss) from discontinued operations for diluted earnings per share3,782 206 3,891 3,425 
Net income (loss) available for diluted earnings per share$82,152 $(10,597)$82,377 $(11,671)
Weighted average common shares102,493 101,587 102,273 101,304 
Diluted EPS:
Income (loss) from continuing operations available to common shareholders$0.76 $(0.10)$0.77 $(0.15)
Income (loss) from discontinued operations available to common shareholders0.04 — 0.04 0.03 
Net income (loss) available to common shareholders$0.80 $(0.10)$0.81 $(0.12)
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
September 30,
Nine Months Ended
September 30,
2025202420252024
Basic EPS shares93,476 92,903 93,310 92,615 
Add: Operating Partnership – common and vested LTIP units8,611 8,684 8,620 8,689 
Add: Dilutive effect of stock-based compensation awards406 — 343 — 
Diluted EPS Shares102,493 101,587 102,273 101,304 
Veris Residential, L.P.:
Three Months Ended
September 30,
Nine Months Ended
September 30,
Computation of Basic EPU2025202420252024
Income (loss) from continuing operations after income tax expense$77,544 $(11,113)$75,548 $(16,066)
Add (deduct): Noncontrolling interests in consolidated joint ventures907 391 3,181 1,429 
Add (deduct): Redeemable noncontrolling interests(81)(81)(243)(459)
Income (loss) from continuing operations available to unitholders$78,370 $(10,803)$78,486 $(15,096)
Income (loss) from discontinued operations available to unitholders3,782 206 3,891 3,425 
Net income (loss) available to common unitholders for basic earnings per unit$82,152 $(10,597)$82,377 $(11,671)
Weighted average common units102,087 101,587 101,930 101,304 
Basic EPU:
Income (loss) from continuing operations available to unitholders$0.77 $(0.10)$0.77 $(0.15)
Income (loss) from discontinued operations available to unitholders0.04 0.00 0.04 0.03 
Net income (loss) available to common unitholders for basic earnings per unit$0.81 $(0.10)$0.81 $(0.12)
Three Months Ended
September 30,
Nine Months Ended
September 30,
Computation of Diluted EPU2025202420252024
Income (loss) from continuing operations available to common unitholders$78,370 $(10,803)$78,486 $(15,096)
Income (loss) from discontinued operations for diluted earnings per unit3,782 206 3,891 3,425 
Net income (loss) available to common unitholders for diluted earnings per unit$82,152 $(10,597)$82,377 $(11,671)
Weighted average common unit102,493 101,587 102,273 101,304 
Diluted EPU:
Income (loss) from continuing operations available to common unitholders$0.76 $(0.10)$0.77 $(0.15)
Income (loss) from discontinued operations available to common unitholders0.04 0.00 0.04 0.03 
Net income (loss) available to common unitholders$0.80 $(0.10)$0.81 $(0.12)
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
September 30,
Nine Months Ended
September 30,
2025202420252024
Basic EPU units102,087 101,587 101,930 101,304 
Add: Dilutive effect of stock-based compensation awards406 — 343 — 
Diluted EPU Units102,493 101,587 102,273 101,304