Veris Residential, Inc. Income Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Veris residential, inc. and subsidiaries consolidated statements of operations

In millions of USD; shares in millions, except per-share amounts

	FY2025 12 months to Dec 31, 2025	FY2024 12 months to Dec 31, 2024	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021
REVENUES
Revenue from leases
VERIS RESIDENTIAL, L.P.
Total revenue from leases
VERIS RESIDENTIAL, L.P.
Revenue from leases
Real estate services
Management fees
Parking income
Hotel income
Other income
Total revenues

EXPENSES
Real estate taxes
VERIS RESIDENTIAL, L.P.
Total real estate taxes

Utilities
VERIS RESIDENTIAL, L.P.
Total utilities

Operating services
VERIS RESIDENTIAL, L.P.
Total operating services

Property management
VERIS RESIDENTIAL, L.P.
Total property management

General and administrative
VERIS RESIDENTIAL, L.P.
Total general and administrative

Transaction-related costs
VERIS RESIDENTIAL, L.P.
Total transaction-related costs

Depreciation and amortization
VERIS RESIDENTIAL, L.P.
Total depreciation and amortization

Property impairments
VERIS RESIDENTIAL, L.P.
Total property impairments

Land and other impairments, net
VERIS RESIDENTIAL, L.P.
Total land and other impairments, net

VERIS RESIDENTIAL, L.P.
Total expenses

OTHER (EXPENSE) INCOME
Interest expense
VERIS RESIDENTIAL, L.P.
Total interest expense

Interest cost of mandatorily redeemable noncontrolling interests
Interest and other investment income
VERIS RESIDENTIAL, L.P.
Total interest and other investment income

Equity in earnings (losses) of unconsolidated joint ventures
VERIS RESIDENTIAL, L.P.
Total equity in earnings (losses) of unconsolidated joint ventures

Gain on change of control of interests
Realized gains (losses) and unrealized gains (losses) on disposition of rental property, net
VERIS RESIDENTIAL, L.P.
Total realized gains (losses) and unrealized gains (losses) on disposition of rental property, net

Gain (loss) on disposition of developable land
VERIS RESIDENTIAL, L.P.
Total gain (loss) on disposition of developable land

Gain (loss) on sale of unconsolidated joint venture interests
VERIS RESIDENTIAL, L.P.
Total gain (loss) on sale of unconsolidated joint venture interests

Gain (loss) from extinguishment of debt, net
VERIS RESIDENTIAL, L.P.
Total gain (loss) from extinguishment of debt, net

Other income (expense), net
Other income (expense), net
VERIS RESIDENTIAL, L.P.
Total other income (expense), net

Income (loss) from continuing operations before income tax expense
Provision for income taxes
Income (loss) from continuing operations after income tax expense
VERIS RESIDENTIAL, L.P.
Total income (loss) from continuing operations after income tax expense

Discontinued operations:
Income (loss) from discontinued operations
VERIS RESIDENTIAL, L.P.
Total income (loss) from discontinued operations

Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net
VERIS RESIDENTIAL, L.P.
Total realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net

Discontinued operations, net
VERIS RESIDENTIAL, L.P.
Total discontinued operations, net

Net income (loss)
VERIS RESIDENTIAL, L.P.
Total net income (loss)

Noncontrolling interests in consolidated joint ventures
VERIS RESIDENTIAL, L.P.
Total noncontrolling interests in consolidated joint ventures

Noncontrolling interests in Operating Partnership of loss (income) from continuing operations
Noncontrolling interests in Operating Partnership in discontinued operations
Redeemable noncontrolling interests
VERIS RESIDENTIAL, L.P.
Total redeemable noncontrolling interests

Net income (loss) available to common shareholders
VERIS RESIDENTIAL, L.P.
Total net income (loss) available to common shareholders

Basic earnings per common share:
Income (loss) from continuing operations (in dollars per share)
VERIS RESIDENTIAL, L.P.
Total income (loss) from continuing operations (in dollars per share)

Discontinued operations (in dollars per share)
VERIS RESIDENTIAL, L.P.
Total discontinued operations (in dollars per share)

Net income (loss) available to common shareholders (in dollars per share)
VERIS RESIDENTIAL, L.P.
Total net income (loss) available to common shareholders (in dollars per share)

Diluted earnings per common share:
Income (loss) from continuing operations (in dollars per share)
VERIS RESIDENTIAL, L.P.
Total income (loss) from continuing operations (in dollars per share)

Discontinued operations (in dollars per share)
VERIS RESIDENTIAL, L.P.
Total discontinued operations (in dollars per share)

Net income (loss) available to common shareholders (in dollars per share)
VERIS RESIDENTIAL, L.P.
Total net income (loss) available to common shareholders (in dollars per share)

Basic weighted average shares outstanding (in shares)
Diluted weighted average shares outstanding (in shares)
Basic weighted average units outstanding
Diluted weighted average units outstanding

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