For the year ending 2025-12-31, VRE has $2,706,871K in assets. $1,431,915K in debts. $14,128K in cash and cash equivalents.
| Balance Sheets | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Land and leasehold interests | 376,710 | 458,946 | 474,499 | 492,204 |
| Buildings and improvements | 2,584,333 | 2,634,321 | 2,782,468 | 3,332,315 |
| Tenant improvements | 16,745 | 14,784 | 30,908 | 122,509 |
| Furniture, fixtures and equipment | 118,797 | 112,201 | 103,613 | 99,094 |
| Gross investment in rental property | 3,096,585 | 3,220,252 | 3,391,488 | 4,046,122 |
| Less accumulated depreciation and amortization | 516,404 | 432,531 | 443,781 | 631,910 |
| Total investment in rental property | 2,580,181 | 2,787,721 | 2,947,707 | 3,414,212 |
| Land | - | - | - | 92,843 |
| Building & other | - | - | - | 142,554 |
| Less accumulated depreciation | - | - | - | 28,924 |
| Less cumulative unrealized losses on property held for sale | - | - | - | 12,540 |
| Real estate held for sale, net | 0 | 7,291 | 58,608 | 193,933 |
| Net investment in rental property | 2,580,181 | 2,795,012 | 3,006,315 | 3,608,145 |
| Cash and cash equivalents | 14,128 | 7,251 | 28,007 | 26,782 |
| Restricted cash | 15,232 | 17,059 | 26,572 | 20,867 |
| Investments in unconsolidated joint ventures | 52,188 | 111,301 | 117,954 | 126,158 |
| Unbilled rents receivable, net | 3,643 | 2,253 | 5,500 | 39,734 |
| Deferred charges and other assets, net | 40,588 | 48,476 | 53,956 | 96,162 |
| Accounts receivable | 911 | 1,375 | 2,742 | 2,920 |
| Total assets | 2,706,871 | 2,982,727 | 3,241,046 | 3,920,768 |
| Revolving credit facility and term loans | 30,000 | 348,839 | - | 0 |
| Mortgages, loans payable and other obligations, net | 1,332,158 | 1,323,474 | 1,853,897 | 1,903,977 |
| Dividends and distributions payable | 8,697 | 8,533 | 5,540 | 110 |
| Accounts payable, accrued expenses and other liabilities | 44,610 | 42,744 | 55,492 | 72,041 |
| Rents received in advance and security deposits | 11,419 | 11,512 | 14,985 | 22,941 |
| Accrued interest payable | 5,031 | 5,262 | 6,580 | 7,131 |
| Total liabilities | 1,431,915 | 1,740,364 | 1,936,494 | 2,006,200 |
| Redeemable noncontrolling interests | 9,294 | 9,294 | 24,999 | 515,231 |
| Common stock, 0.01 par value, 190,000,000 shares authorized, 92,229,424 and 91,141,649 shares outstanding | 934 | 929 | 922 | 911 |
| Additional paid-in capital | 2,572,743 | 2,564,495 | 2,553,060 | 2,532,182 |
| Dividends in excess of net earnings | -1,421,369 | -1,466,187 | -1,418,312 | -1,301,385 |
| Accumulated other comprehensive income (loss) | -687 | 154 | 1,808 | 3,977 |
| Total veris residential, inc. stockholders equity | 1,151,621 | 1,099,391 | 1,137,478 | 1,235,685 |
| Operating partnership | 105,849 | 102,588 | 107,206 | 126,109 |
| Consolidated joint ventures | 8,192 | 31,090 | 34,869 | 37,543 |
| Total noncontrolling interests in subsidiaries | 114,041 | 133,678 | 142,075 | 163,652 |
| Total equity | 1,265,662 | 1,233,069 | 1,279,553 | 1,399,337 |
| Total liabilities and equity | 2,706,871 | 2,982,727 | 3,241,046 | 3,920,768 |
Veris Residential, Inc. (VRE)
Veris Residential, Inc. (VRE)