VERIS RESIDENTIAL, L.P. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
REVENUES        
Total revenues $ 68,729 $ 53,813 $ 135,688 $ 103,314
EXPENSES        
Real estate taxes 7,860 7,911 18,980 16,201
Utilities 2,379 1,895 4,882 4,247
Operating services 14,044 13,100 26,307 25,964
Real estate services expenses 4,389 2,920 6,332 5,283
General and administrative 9,582 11,527 19,865 30,976
Transaction related costs 3,319 1,345 4,347 1,345
Depreciation and amortization 23,684 21,015 47,331 39,456
Land and other impairments, net 0 3,900 3,396 6,832
Total expenses 65,257 63,613 131,440 130,304
OTHER (EXPENSE) INCOME        
Interest expense (21,692) (14,741) (43,706) (26,348)
Interest cost of mandatorily redeemable noncontrolling interests (13,390) 0 (13,390) 0
Interest and other investment income 3,927 189 4,043 347
Equity in earnings of unconsolidated joint ventures 2,700 2,638 2,633 2,151
Gain (loss) on disposition of developable land 0 55,125 (22) 57,748
Loss from extinguishment of debt, net (2,657) (129) (2,657) (129)
Other income, net 853 0 2,851 0
Total other (expense) income, net (30,259) 43,082 (50,248) 33,769
Net (loss) income from continuing operations (26,787) 33,282 (46,000) 6,779
Discontinued operations:        
(Loss) income from discontinued operations 140 5,808 2,344 25,948
Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net (3,488) (4,440) (2,709) (2,604)
Total discontinued operations, net (3,348) 1,368 (365) 23,344
Net (loss) income (30,135) 34,650 (46,365) 30,123
Noncontrolling interests in consolidated joint ventures 636 784 1,223 1,758
Redeemable noncontrolling interests (617) (6,366) (6,983) (12,803)
Net (loss) income available to common shareholders $ (27,434) $ 26,373 $ (47,407) $ 17,281
Basic earnings per common share:        
(Loss) income from continuing operations (in dollars per share) $ (0.27) $ 0.24 $ (0.56) $ (0.11)
Discontinued operations (in dollars per share) (0.03) 0.01 0.00 0.23
Net (loss) income available to common shareholders (in dollars per share) (0.30) 0.25 (0.56) 0.12
Diluted earnings per common share:        
(Loss) income from continuing operations (in dollars per share) (0.27) 0.24 (0.56) (0.11)
Discontinued operations (in dollars per share) (0.03) 0.01 0.00 0.23
Net (loss) income available to common shareholders (in dollars per share) $ (0.30) $ 0.25 $ (0.56) $ 0.12
Revenue from leases        
REVENUES        
Total revenues $ 61,909 $ 47,313 $ 121,747 $ 91,256
Real estate services        
REVENUES        
Total revenues 643 896 1,554 1,807
Parking income        
REVENUES        
Total revenues 4,796 4,173 9,129 7,760
Other income        
REVENUES        
Total revenues 1,381 1,431 3,258 2,491
VERIS RESIDENTIAL, L.P.        
REVENUES        
Total revenues 68,729 53,813 135,688 103,314
EXPENSES        
Real estate taxes 7,860 7,911 18,980 16,201
Utilities 2,379 1,895 4,882 4,247
Operating services 14,044 13,100 26,307 25,964
Real estate services expenses 4,389 2,920 6,332 5,283
General and administrative 9,582 11,527 19,865 30,976
Transaction related costs 3,319 1,345 4,347 1,345
Depreciation and amortization 23,684 21,015 47,331 39,456
Land and other impairments, net 0 3,900 3,396 6,832
Total expenses 65,257 63,613 131,440 130,304
OTHER (EXPENSE) INCOME        
Interest expense (21,692) (14,741) (43,706) (26,348)
Interest cost of mandatorily redeemable noncontrolling interests (13,390) 0 (13,390) 0
Interest and other investment income 3,927 189 4,043 347
Equity in earnings of unconsolidated joint ventures 2,700 2,638 2,633 2,151
Gain (loss) on disposition of developable land 0 55,125 (22) 57,748
Loss from extinguishment of debt, net (2,657) (129) (2,657) (129)
Other income, net 853 0 2,851 0
Total other (expense) income, net (30,259) 43,082 (50,248) 33,769
Net (loss) income from continuing operations (26,787) 33,282 (46,000) 6,779
Discontinued operations:        
(Loss) income from discontinued operations 140 5,808 2,344 25,948
Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net (3,488) (4,440) (2,709) (2,604)
Total discontinued operations, net (3,348) 1,368 (365) 23,344
Net (loss) income (30,135) 34,650 (46,365) 30,123
Noncontrolling interests in consolidated joint ventures 636 784 1,223 1,758
Redeemable noncontrolling interests (617) (6,366) (6,983) (12,803)
Net (loss) income available to common shareholders $ (30,116) $ 29,068 $ (52,125) $ 19,078
Basic earnings per common share:        
(Loss) income from continuing operations (in dollars per share) $ (0.27) $ 0.24 $ (0.56) $ (0.11)
Discontinued operations (in dollars per share) (0.03) 0.01 0.00 0.23
Net (loss) income available to common shareholders (in dollars per share) (0.30) 0.25 (0.56) 0.12
Diluted earnings per common share:        
(Loss) income from continuing operations (in dollars per share) (0.27) 0.24 (0.56) (0.11)
Discontinued operations (in dollars per share) (0.03) 0.01 0.00 0.23
Net (loss) income available to common shareholders (in dollars per share) $ (0.30) $ 0.25 $ (0.56) $ 0.12
Basic weighted average units outstanding (in shares) 100,854 100,329 100,691 100,133
Diluted weighted average units outstanding (in shares) 100,854 100,352 100,691 100,171
VERIS RESIDENTIAL, L.P. | Revenue from leases        
REVENUES        
Total revenues $ 61,909 $ 47,313 $ 121,747 $ 91,256
VERIS RESIDENTIAL, L.P. | Real estate services        
REVENUES        
Total revenues 643 896 1,554 1,807
VERIS RESIDENTIAL, L.P. | Parking income        
REVENUES        
Total revenues 4,796 4,173 9,129 7,760
VERIS RESIDENTIAL, L.P. | Other income        
REVENUES        
Total revenues $ 1,381 $ 1,431 $ 3,258 $ 2,491