VERIS RESIDENTIAL, INC. STOCKHOLDERS’ EQUITY AND VERIS RESIDENTIAL, L.P.’S PARTNERS’ CAPITAL (Tables)

3 Months Ended

Mar. 31, 2026

Stockholders' Equity Note [Abstract]

The following table reflects the activity of the General Partner capital for the three months ended March 31, 2026 and 2025, respectively (dollars in thousands):


	Three Months Ended March 31,
	2026		2025
Opening Balance	$	1,151,621	$	1,099,391
Net income (loss) available to common shareholders	(14,008)		(10,699)

Common stock distributions	(7,668)		(7,550)

Redemption of common units for common stock	308		509
Shares issued under Dividend Reinvestment and Stock Purchase Plan	—		2
Directors' deferred compensation plan	—		98
Stock Compensation	3,682		3,322
Cancellation of common stock	(5,068)		(3,923)
Other comprehensive income (loss)	430		(1,011)
Rebalancing of ownership percent between parent and subsidiaries	196		347
Balance at March 31	$	1,129,493	$	1,080,486

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, 2026 and 2025 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 EPS	2026		2025
Income (loss) from continuing operations after income tax expense	$	(15,600)	$	(13,866)
Add (deduct): Noncontrolling interests in consolidated joint ventures	400		2,125
Add (deduct): Noncontrolling interests in Operating Partnership	1,273		998
Add (deduct): Redeemable noncontrolling interests	(81)		(81)

Income (loss) from continuing operations available to common shareholders	$	(14,008)	$	(10,824)
Income (loss) from discontinued operations available to common shareholders	—		125
Net income (loss) available to common shareholders for basic earnings per share	$	(14,008)	$	(10,699)

Weighted average common shares	93,595		93,059

Basic EPS:
Income (loss) from continuing operations available to common shareholders	$	(0.15)	$	(0.12)
Income (loss) from discontinued operations available to common shareholders	—		—
Net income (loss) available to common shareholders	$	(0.15)	$	(0.12)


	Three Months Ended March 31,
Computation of Diluted EPS	2026		2025
Net income (loss) from continuing operations available to common shareholders	$	(14,008)	$	(10,824)
Add (deduct): Noncontrolling interests in Operating Partnership	(1,273)		(998)

Income (loss) from continuing operations for diluted earnings per share	$	(15,281)	$	(11,822)
Income (loss) from discontinued operations for diluted earnings per share	—		136
Net income (loss) available for diluted earnings per share	$	(15,281)	$	(11,686)

Weighted average common shares	102,136		101,690

Diluted EPS:
Income (loss) from continuing operations available to common shareholders	$	(0.15)	$	(0.12)
Income (loss) from discontinued operations available to common shareholders	—		—
Net income (loss) available to common shareholders	$	(0.15)	$	(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 March 31,
	2026	2025
Basic EPS shares	93,595	93,059
Add: Operating Partnership – common and vested LTIP units	8,541	8,631


Diluted EPS Shares	102,136	101,690

Veris Residential, L.P.:


	Three Months Ended March 31,
Computation of Basic EPU	2026		2025
Income (loss) from continuing operations after income tax expense	$	(15,600)	$	(13,866)
Add (deduct): Noncontrolling interests in consolidated joint ventures	400		2,125
Add (deduct): Redeemable noncontrolling interests	(81)		(81)

Income (loss) from continuing operations available to unitholders	$	(15,281)	$	(11,822)
Income (loss) from discontinued operations available to unitholders	—		136
Net income (loss) available to common unitholders for basic earnings per unit	$	(15,281)	$	(11,686)

Weighted average common units	102,136		101,690

Basic EPU:
Income (loss) from continuing operations available to unitholders	$	(0.15)	$	(0.12)
Income (loss) from discontinued operations available to unitholders	—		—
Net income (loss) available to common unitholders for basic earnings per unit	$	(0.15)	$	(0.12)

	Three Months Ended March 31,
Computation of Diluted EPU	2026		2025
Income (loss) from continuing operations available to common unitholders	$	(15,281)	$	(11,822)
Income (loss) from discontinued operations for diluted earnings per unit	—		136
Net income (loss) available to common unitholders for diluted earnings per unit	$	(15,281)	$	(11,686)

Weighted average common unit	102,136		101,690

Diluted EPU:
Income (loss) from continuing operations available to common unitholders	$	(0.15)	$	(0.12)
Income (loss) from discontinued operations available to common unitholders	—		—
Net income (loss) available to common unitholders	$	(0.15)	$	(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 March 31,
	2026	2025
Basic EPU units	102,136	101,690


Diluted EPU Units	102,136	101,690