For the quarter ending 2025-09-30.
| Income Statement | 2025-09-30 | 2025-06-30 | 2024-12-31 | |
|---|---|---|---|---|
| Total revenues | - | - | 67,768,500 | |
| Equity in earnings (losses) of unconsolidated joint ventures | 340,000 | - | 983,500 | |
| Interest expense | 22,240,000 | - | 21,994,000 | |
| Gain (loss) from extinguishment of debt, net | -3,212,000 | - | -194,250 | |
| Interest and other investment income | 173,000 | - | 591,500 | |
| Gain (loss) on disposition of developable land | -1,118,000 | - | 2,878,750 | |
| Other income (expense), net | -121,000 | - | -175,250 | |
| Gain (loss) on sale of unconsolidated joint venture interests | 0 | - | 1,736,500 | |
| Total other (expense) income, net | 64,859,000 | - | -16,173,250 | |
| Operating services | 12,808,000 | - | 12,059,750 | |
| Depreciation and amortization | 21,073,000 | - | 20,693,500 | |
| Real estate taxes | 10,129,000 | - | 9,356,000 | |
| Land and other impairments, net | 0 | - | 654,750 | |
| General and administrative | 8,517,000 | - | 9,764,750 | |
| Transaction related costs | 1,550,000 | - | 391,250 | |
| Property management | 4,261,000 | - | 4,311,750 | |
| Utilities | 2,382,000 | - | 2,037,750 | |
| Total expenses | 60,720,000 | - | 59,269,500 | |
| Income (loss) from continuing operations before income tax expense | - | - | -7,674,250 | |
| Provision for income taxes | - | - | 69,000 | |
| Net income (loss) from continuing operations | 77,544,000 | 11,870,000 | -7,743,250 | |
| Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net | - | - | 861,750 | |
| Income (loss) from discontinued operations | - | - | 215,500 | |
| Total discontinued operations, net | 3,782,000 | -27,000 | 1,077,250 | |
| Net income (loss) | 81,326,000 | 11,843,000 | -6,666,000 | |
| Noncontrolling interests in consolidated joint ventures | -907,000 | -149,000 | -481,000 | |
| Noncontrolling interests in operating partnership of income (loss) from continuing operations | 6,596,000 | 1,009,000 | -632,750 | |
| Noncontrolling interests in operating partnership in discontinued operations | 319,000 | -2,000 | 92,750 | |
| Redeemable noncontrolling interests | 81,000 | 81,000 | 135,000 | |
| Net income (loss) available to common shareholders | 75,237,000 | 10,904,000 | -5,780,000 | |
| Basic weighted average shares outstanding (in shares) | 93,476,000 | 93,392,000 | 23,173,750 | |
| Diluted weighted average shares outstanding (in shares) | 102,493,000 | 102,259,000 | 25,345,250 | |
| Net income (loss) available to common shareholders (in dollars per share) | 0.8 | 0.12 | -0.063 | |
| Net income (loss) available to common shareholders (in dollars per share) | 0.81 | 0.12 | -0.063 | |
Veris Residential, Inc. (VRE)
Veris Residential, Inc. (VRE)