DISCONTINUED OPERATIONS

9 Months Ended

Sep. 30, 2025

Discontinued Operations and Disposal Groups [Abstract]

The Company's sale of its former New Jersey office and hotel portfolio (collectively, the “Office Portfolio”) represented a strategic shift in the Company’s operations. As such, the results of these sold properties are classified as discontinued operations for all periods presented.

The following table summarizes income from discontinued operations and the related realized gain (loss) on disposition of rental property, net, for the three and nine months ended September 30, 2025 and 2024 (dollars in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Total Revenues	$	(659)	$	(11)	$	(518)	$	2,711
Operating and other expenses, net (a)	4,441		217		4,409		(428)

Depreciation and amortization	—		—		—		(668)

Equity in earnings of unconsolidated joint ventures	—		—		—		262

Income (loss) from discontinued operations	3,782		206		3,891		1,877


Realized gain (loss), net	—		—		—		1,548

Total discontinued operations, net	$	3,782	$	206	$	3,891	$	3,425

(a)

Veris Residential, Inc. 10-Q