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VERIS RESIDENTIAL, INC. STOCKHOLDERS’ EQUITY AND VERIS RESIDENTIAL, L.P.’S PARTNERS’ CAPITAL (Tables)
6 Months Ended
Jun. 30, 2025
Stockholders' Equity Note [Abstract]  
Schedule of General Partner Capital
The following table reflects the activity of the General Partner capital for the three and six months ended June 30, 2025 and 2024, respectively (dollars in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
2025202420252024
Opening Balance $1,080,486$1,132,231$1,099,391$1,137,478
Net income (loss) available to common shareholders10,904 2,922205 (981)
Shares issued under ATM Program, net— 1,886 1,831
Common stock distributions(7,624)(5,610)(15,174)(10,594)
Redemption of common units for common stock30 113 539 113 
Shares issued under Dividend Reinvestment and Stock Purchase Plan1334
Directors' deferred compensation plan11699214198
Stock Compensation2,7423,1996,0647,399
Cancellation of common stock(390)(1,807)(4,313)(3,341)
Other comprehensive income (loss)(81)(766)(1,092)232
Rebalancing of ownership percent between parent and subsidiaries(89)15425885
Balance at June 30$1,086,095$1,132,424$1,086,095$1,132,424
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 and six months ended June 30, 2025 and 2024 in accordance with ASC 260, Earnings Per Share (dollars in thousands, except per share amounts):
Veris Residential, Inc.:
Three Months Ended
June 30,
Six Months Ended
June 30,
Computation of Basic EPS2025202420252024
Income (loss) from continuing operations after income tax expense$11,870 $1,316 $(1,996)$(4,953)
Add (deduct): Noncontrolling interests in consolidated joint ventures149 543 2,274 1,038 
Add (deduct): Noncontrolling interests in Operating Partnership(1,009)(153)(11)370 
Add (deduct): Redeemable noncontrolling interests(81)(81)(162)(378)
Income (loss) from continuing operations available to common shareholders$10,929 $1,625 $105 $(3,923)
Income (loss) from discontinued operations available to common shareholders(25)1,297 100 2,942 
Net income (loss) available to common shareholders for basic earnings per share$10,904 $2,922 $205 $(981)
Weighted average common shares93,392 92,663 93,227 92,469 
Basic EPS:
Income (loss) from continuing operations available to common shareholders$0.12 $0.02 $— $(0.04)
Income (loss) from discontinued operations available to common shareholders— 0.01 — 0.03 
Net income (loss) available to common shareholders$0.12 $0.03 $0.00 $(0.01)
Three Months Ended
June 30,
Six Months Ended
June 30,
Computation of Diluted EPS2025202420252024
Net income (loss) from continuing operations available to common shareholders$10,929 $1,625 $105 $(3,923)
Add (deduct): Noncontrolling interests in Operating Partnership1,009 153 11 (370)
Income (loss) from continuing operations for diluted earnings per share$11,938 $1,778 $116 $(4,293)
Income (loss) from discontinued operations for diluted earnings per share(27)1,419 109 3,219 
Net income (loss) available for diluted earnings per share$11,911 $3,197 $225 $(1,074)
Weighted average common shares102,259 101,952 102,164 101,160 
Diluted EPS:
Income (loss) from continuing operations available to common shareholders$0.12 $0.02 $— $(0.04)
Income (loss) from discontinued operations available to common shareholders— 0.01 — 0.03 
Net income (loss) available to common shareholders$0.12 $0.03 $— $(0.01)
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
June 30,
Six Months Ended
June 30,
2025202420252024
Basic EPS shares93,392 92,663 93,227 92,469 
Add: Operating Partnership – common and vested LTIP units8,619 8,689 8,625 8,691 
Add: Dilutive effect of stock-based compensation awards248 600 312 — 
Diluted EPS Shares102,259 101,952 102,164 101,160 
Veris Residential, L.P.:
Three Months Ended
June 30,
Six Months Ended
June 30,
Computation of Basic EPU2025202420252024
Income (loss) from continuing operations after income tax expense$11,870 $1,316 $(1,996)$(4,953)
Add (deduct): Noncontrolling interests in consolidated joint ventures149 543 2,274 1,038 
Add (deduct): Redeemable noncontrolling interests(81)(81)(162)(378)
Income (loss) from continuing operations available to unitholders$11,938 $1,778 $116 $(4,293)
Income (loss) from discontinued operations available to unitholders(27)1,419 109 3,219 
Net income (loss) available to common unitholders for basic earnings per unit$11,911 $3,197 $225 $(1,074)
Weighted average common units102,011 101,352 101,852 101,160 
Basic EPU:
Income (loss) from continuing operations available to unitholders$0.12 $0.02 $0.00 $(0.04)
Income (loss) from discontinued operations available to unitholders0.00 0.01 0.00 0.03 
Net income (loss) available to common unitholders for basic earnings per unit$0.12 $0.03 $0.00 $(0.01)
Three Months Ended
June 30,
Six Months Ended
June 30,
Computation of Diluted EPU2025202420252024
Income (loss) from continuing operations available to common unitholders$11,938 $1,778 $116 $(4,293)
Income (loss) from discontinued operations for diluted earnings per unit(27)1,419 109 3,219 
Net income (loss) available to common unitholders for diluted earnings per unit$11,911 $3,197 $225 $(1,074)
Weighted average common unit102,259 101,952 102,164 101,160 
Diluted EPU:
Income (loss) from continuing operations available to common unitholders$0.12 $0.02 $0.00 $(0.04)
Income (loss) from discontinued operations available to common unitholders0.00 0.01 0.00 0.03 
Net income (loss) available to common unitholders$0.12 $0.03 $0.00 $(0.01)
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
June 30,
Six Months Ended
June 30,
2025202420252024
Basic EPU units102,011 101,352 101,852 101,160 
Add: Dilutive effect of stock-based compensation awards248 600 312 — 
Diluted EPU Units102,259 101,952 102,164 101,160