v3.25.2
VERIS RESIDENTIAL, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-In Capital
Dividends in Excess of Net Earnings
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests in Subsidiaries
Balance, beginning (in shares) at Dec. 31, 2023   92,229,000        
Balance, beginning at Dec. 31, 2023 $ 1,279,553 $ 922 $ 2,553,060 $ (1,418,312) $ 1,808 $ 142,075
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) (1,734)     (981)   (753)
Shares issued under ATM Program, net (in shares)   134,000        
Shares issued under ATM Program, net 1,831 $ 1 1,830      
Common stock dividends (10,594)     (10,594)    
Unit distributions (978)         (978)
Redeemable noncontrolling interests (378)         (378)
Change in noncontrolling interests in consolidated joint ventures (1,142)         (1,142)
Redemption of common units for common stock (in shares)   9,000        
Redemption of common units for common stock 0   113     (113)
Redemption of common units 0         0
Shares issued under Dividend Reinvestment and Stock Purchase Plan 4   4      
Directors' deferred compensation plan 198   198      
Stock compensation (in shares)   675,000        
Stock compensation 7,399 $ 7 7,392      
Cancellation of restricted shares (in shares)   (225,000)        
Cancellation of restricted shares (3,341) $ (2) (3,339)      
Other comprehensive income (loss) 254       232 22
Rebalancing of ownership percentage between parent and subsidiaries 0   85     (85)
Balance, ending (in shares) at Jun. 30, 2024   92,822,000        
Balance, ending at Jun. 30, 2024 1,271,072 $ 928 2,559,343 (1,429,887) 2,040 138,648
Balance, beginning (in shares) at Mar. 31, 2024   92,385,000        
Balance, beginning at Mar. 31, 2024 1,272,216 $ 924 2,555,700 (1,427,199) 2,806 139,985
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 2,735     2,922   (187)
Shares issued under ATM Program, net (in shares)   134,000        
Shares issued under ATM Program, net 1,886 $ 1 1,885      
Common stock dividends (5,610)     (5,610)    
Unit distributions (521)         (521)
Redeemable noncontrolling interests (81)         (81)
Change in noncontrolling interests in consolidated joint ventures (209)         (209)
Redemption of common units for common stock (in shares)   9,000        
Redemption of common units for common stock 0   113     (113)
Redemption of common units           0
Shares issued under Dividend Reinvestment and Stock Purchase Plan 3   3      
Directors' deferred compensation plan 99   99      
Stock compensation (in shares)   417,000        
Stock compensation 3,199 $ 4 3,195      
Cancellation of restricted shares (in shares)   (123,000)        
Cancellation of restricted shares (1,807) $ (1) (1,806)      
Other comprehensive income (loss) (838)       (766) (72)
Rebalancing of ownership percentage between parent and subsidiaries 0   154     (154)
Balance, ending (in shares) at Jun. 30, 2024   92,822,000        
Balance, ending at Jun. 30, 2024 $ 1,271,072 $ 928 2,559,343 (1,429,887) 2,040 138,648
Balance, beginning (in shares) at Dec. 31, 2024 92,912,253 92,912,000        
Balance, beginning at Dec. 31, 2024 $ 1,233,069 $ 929 2,564,495 (1,466,187) 154 133,678
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) (1,887)     205   (2,092)
Common stock dividends (15,174)     (15,174)    
Unit distributions (1,379)         (1,379)
Redeemable noncontrolling interests (162)         (162)
Change in noncontrolling interests in consolidated joint ventures (529)         (529)
Redemption of common units for common stock (in shares)   46,000        
Redemption of common units for common stock 0   539     (539)
Redemption of common units (148)         (148)
Shares issued under Dividend Reinvestment and Stock Purchase Plan 3   3      
Directors' deferred compensation plan 214   214      
Stock compensation (in shares)   729,000        
Stock compensation 6,064 $ 7 6,057      
Cancellation of restricted shares (in shares)   (264,000)        
Cancellation of restricted shares (4,313) $ (2) (4,311)      
Other comprehensive income (loss) (1,193)       (1,092) (101)
Rebalancing of ownership percentage between parent and subsidiaries $ 0   258     (258)
Balance, ending (in shares) at Jun. 30, 2025 93,422,978 93,423,000        
Balance, ending at Jun. 30, 2025 $ 1,214,565 $ 934 2,567,255 (1,481,156) (938) 128,470
Balance, beginning (in shares) at Mar. 31, 2025   93,312,000        
Balance, beginning at Mar. 31, 2025 1,209,177 $ 933 2,564,846 (1,484,436) (857) 128,691
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 11,843     10,904   939
Common stock dividends (7,624)     (7,624)    
Unit distributions (689)         (689)
Redeemable noncontrolling interests (81)         (81)
Change in noncontrolling interests in consolidated joint ventures (441)         (441)
Redemption of common units for common stock (in shares)   3,000        
Redemption of common units for common stock 0   30     (30)
Redemption of common units           0
Shares issued under Dividend Reinvestment and Stock Purchase Plan 1   1      
Directors' deferred compensation plan 116   116      
Stock compensation (in shares)   133,000        
Stock compensation 2,742 $ 1 2,741      
Cancellation of restricted shares (in shares)   (25,000)        
Cancellation of restricted shares (390)   (390)      
Other comprehensive income (loss) (89)       (81) (8)
Rebalancing of ownership percentage between parent and subsidiaries $ 0   (89)     89
Balance, ending (in shares) at Jun. 30, 2025 93,422,978 93,423,000        
Balance, ending at Jun. 30, 2025 $ 1,214,565 $ 934 $ 2,567,255 $ (1,481,156) $ (938) $ 128,470