For the year ending 2025-12-31, VRE had $5,050K increase in cash & cash equivalents over the period.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Income (loss) from continuing operations after income tax expense | 74,826 | -30,973 | -157,193 | -34,137 |
| Depreciation and amortization, including related intangible assets | 86,245 | 82,744 | 93,542 | 111,392 |
| Amortization of directors deferred compensation stock units | 468 | 394 | 394 | 440 |
| Amortization of stock compensation | 11,690 | 13,171 | 19,876 | 13,767 |
| Amortization of deferred financing costs and derivative premiums | 9,386 | 10,587 | 4,416 | 4,821 |
| Amortization of debt discount and mark-to-market | - | - | 0 | 0 |
| Equity in (earnings) loss of unconsolidated joint ventures | 5,257 | 3,934 | 3,102 | 1,200 |
| Distributions of cumulative earnings from unconsolidated joint ventures | - | 0 | 0 | 13 |
| Write-off transaction-related costs | - | - | 0 | 0 |
| Realized (gains) losses and unrealized (gains) losses on disposition of rental property, net | 90,831 | - | 0 | 66,115 |
| (gain) loss on disposition of developable land | 34,040 | 11,515 | 7,068 | 57,262 |
| Property impairments | - | - | 32,516 | 94,811 |
| Land and other impairments, net | 17,984 | 2,619 | 9,324 | 9,368 |
| (gain) loss from sale of investment in unconsolidated joint venture | 5,122 | 6,946 | 0 | 7,677 |
| (gain) loss from extinguishment of debt | -3,530 | -777 | -5,606 | -7,432 |
| Gain on insurance proceeds | 0 | 0 | 2,871 | - |
| Interest cost of mandatorily redeemable noncontrolling interests | 0 | 0 | -49,782 | - |
| Decrease (increase) in unbilled rents receivable, net | 996 | 695 | -2,826 | -1,578 |
| Decrease (increase) in deferred charges and other assets | -2,779 | -5,030 | -2,081 | 12,565 |
| Decrease (increase) in accounts receivable, net | -326 | -165 | -215 | 505 |
| (decrease) increase in accounts payable, accrued expenses and other liabilities | 1,809 | -5,487 | -4,263 | 328 |
| (decrease) increase in rents received in advance and security deposits | -1,201 | -326 | 202 | -3,173 |
| (decrease) increase in accrued interest payable | -231 | -1,318 | 42 | 1,371 |
| Net cash flows provided by (used in) operating activities - continuing operations | 71,365 | 54,293 | 46,325 | 62,687 |
| Net cash flows provided by (used in) operating activities - discontinued operations | 4,602 | -1,965 | -785 | 3,767 |
| Net cash provided by (used in) operating activities | 75,967 | 52,328 | 45,540 | 66,454 |
| Rental property acquisitions and related intangibles | - | 0 | 0 | 130,500 |
| Rental property additions and improvements | 31,358 | 18,369 | 12,464 | 51,480 |
| Development of rental property and other related costs | 7,408 | 6,143 | 8,395 | 73,189 |
| Purchase of unconsolidated joint venture interest, net of cash acquired | 36,469 | - | - | - |
| Proceeds from the sales of developable land | 163,034 | 88,962 | 23,035 | 451,860 |
| Proceeds from the sales of rental property | 340,148 | - | - | - |
| Proceeds from the sales of investments in unconsolidated joint ventures | 7,129 | 6,095 | 0 | 7,677 |
| Repayment of notes receivable | 0 | 32 | 1,303 | 2,926 |
| Investment in unconsolidated joint ventures | 0 | 276 | 762 | 162 |
| Distributions in excess of cumulative earnings from unconsolidated joint ventures | 10,356 | 12,419 | 12,068 | 13,132 |
| Proceeds from insurance settlements | 0 | 0 | 3,812 | - |
| Other investing activities | 0 | -250 | -1,030 | - |
| Net cash provided by (used in) investing activities - continuing operations | 445,432 | 82,970 | 19,627 | 220,264 |
| Net cash provided by (used in) investing activities - discontinued operations | 0 | 79,081 | 560,023 | -176 |
| Net cash provided by (used in) investing activities | 445,432 | 162,051 | 579,650 | 220,088 |
| Borrowings from revolving credit facility | 248,000 | 174,000 | 81,000 | 102,000 |
| Repayments of revolving credit facility | 370,000 | 22,000 | 81,000 | 250,000 |
| Borrowings from term loans | 0 | 200,000 | 115,000 | 0 |
| Repayments of term loans | 200,000 | 0 | 115,000 | 0 |
| Repayment of senior unsecured notes | - | - | 0 | 0 |
| Proceeds from mortgages and loans payable | 0 | 0 | 399,561 | 154,720 |
| Repayments of mortgages, loans payable and other obligations | 135,206 | 535,017 | 442,066 | 245,522 |
| Redemptions of redeemable noncontrolling interests, net | 0 | -15,700 | -535,488 | -12,000 |
| Payments of early debt extinguishment costs | 0 | 0 | -255 | -5,140 |
| Common unit redemptions | 456 | 0 | 142 | 2,692 |
| Payments of financing costs and derivative premiums, net | 1,582 | 17,255 | 16,158 | 6,037 |
| Contributions from noncontrolling interests | 225 | 203 | 84 | - |
| (contributions) distributions to noncontrolling interests | - | - | - | 24 |
| Distributions to noncontrolling interests | 19,585 | 2,055 | 409 | - |
| Distributions to redeemable noncontrolling interests | 324 | 545 | 17,121 | 25,640 |
| Payments of common dividends and distributions | 33,005 | 24,052 | 5,123 | 61 |
| Share issuance proceeds (costs), net | 0 | 1,765 | -540 | - |
| Other financing activities | - | -3,992 | -603 | - |
| Payments for taxes related to the net share settlement of stock compensation awards | 4,416 | - | - | - |
| Net cash provided by (used in) financing activities | -516,349 | -244,648 | -618,260 | -290,348 |
| Net increase (decrease) in cash and cash equivalents | 5,050 | -30,269 | 6,930 | -3,806 |
| Cash, cash equivalents and restricted cash, beginning of period | 24,310 | 54,579 | 47,649 | 51,455 |
| Cash, cash equivalents and restricted cash, end of period | 29,360 | 24,310 | 54,579 | 47,649 |
Veris Residential, Inc. (VRE)
Veris Residential, Inc. (VRE)