维睿斯住宅公司2025年季度报告

such filing requirements for the past ninety (90) days. Veris Residential, Inc. Veris Residential, L.P. Veris Residential, L.P.Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging Growth Company☐If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Veris Residential, Inc.Yes☐No☒Veris Residential, L.P.Yes☐No☒ entities/subsidiaries consolidated by the General Partner.The Operating Partnership conducts the business of providing management, leasing, acquisition, development and tenant-related services for its General Partner. The Operating Partnership, through its operating divisions and subsidiaries, including the Verisproperty-owning partnerships and limited liability companies, is the entity through which all of the General Partner’s operations areconducted. The General Partner is the sole general partner of the Operating Partnership and has exclusive control of the OperatingPartnership’s day-to-day management. As of March31, 2025, the General Partner owned an approximate 91.5 percent common unit interest in the Operating Partnership. Theremaining approximate 8.5 percent common unit interest is owned by limited partners. The limited partners of the OperatingPartnership are (1) persons who contributed their interests in properties to the Operating Partnership in exchange for common units (each, a “Common Unit”) or preferred units of limited partnership interest in the Operating Partnership or (2) recipients of long term Common Units, subject tocertainrestrictions under the Second Amended and Restated Agreement of Limited Partnership of theOperating Partnership, as amended (the “Partnership Agreement”) andagreed upon at the time of issuance of the units that may restrict such right for a period of time, generally one year from issuance. The redemption is required to be satisfied in shares of CommonStock of the General Partner, cash, or a combination thereof, calculated as follows: one share of the General Partner’s Common Stock,or cash equal to the fair market value of a share of the General Partner’s Common Stock at the time of redemption, for each CommonUnit. The General Partner, in its sole discretion, determines the form of redemption of Common Units (i.e., whether a commonunitholder receives Common Stock of the General Partner, cash, or any combination thereof). If the General Partner elects to satisfy Partner’s percentage ownership in the Operating Partnership will increase. In addition, whenever the General Partner issues shares ofits Common Stock other than to acquire Common Units, the General Partner must contribute any net proceeds it receives to theOperating Partnership and the Operating Partnership must issue to the General Partner an equivalent number of Common Units. Thisstructure is commonly referred to as an umbrella partnership REIT, or UPREIT. •enhance investors’ understanding of the General Partner and the Operating Partnership by enabling investors to view thebusiness as a whole in the same manner as management views and operates the business of the Company;•eliminate duplicative disclosure and provide a more streamlined and readable presentation because a substantial portion of the The Company believes it is important to understand the few differences between the General Partner and the Operating Partnership inthe context of how they operate as a consolidated company. The financial results of the Operating Partnership are consolidated into thefinancial statements of the General Partner. The General Partner does not have any significant assets, liabilities or operations, otherthan its interests in the Operating Partnership, nor does the Operating Partnership have employees of its own. The OperatingPartnership, not the General Partner, generally executes all holds substantially all of the assets of the General Partner, including ownership interests in joint ventures. The Operating Partnershipconducts the operations of the business and is structured as a partnership with no publicly traded equity. Except for the net proceedsfrom equity offerings by the General Partner, which are contributed to the capital of the Operating Partnership in consideration ofcommon or preferred units in the Operating Partnership, as applicable, the Operating Partnership generates all remaining capitalrequired by the Company’s business. These sources include working capital, net cash provided by operating activities, borro