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SEGMENT REPORTING
 12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTINGThe Company operates in two business segments: (i) multifamily real estate and services and (ii) commercial and other real estate. The Company provides property management, leasing, acquisition, development, construction and tenant-related
services for its commercial and other real estate and multifamily real estate portfolio. The Company’s multifamily services business also provides similar services for third parties. The Company had no revenues from foreign countries recorded for the years ended December 31, 2022, 2021 and 2020. The Company had no long lived assets in foreign locations as of December 31, 2022 and 2021. The accounting policies of the segments are the same as those described in Note 2: Significant Accounting Policies, excluding depreciation and amortization.
The Company evaluates performance based upon net operating income from the combined properties and operations in each of its real estate segments (commercial and other real estate, and multifamily real estate and services). All properties classified as discontinued operations have been excluded.
Selected results of operations for the years ended December 31, 2022, 2021 and 2020, and selected asset information as of December 31, 2022 and 2021 regarding the Company’s operating segments are as follows. Amounts for prior periods have been restated to conform to the current period segment reporting presentation (dollars in thousands):
Commercial
& Other Real Estate		Multifamily
Real Estate & Services (d)		Corporate
& Other (e)		Total
Company
Total revenues:
2022$131,681 $224,732 $(1,395)$355,018 
2021153,605 171,030 (1,245)323,390 
2020148,959 156,841 1,676 307,476 
Total operating and interest expenses (a):
2022$55,318 $114,447 $128,515 $298,280 
202163,044 108,196 108,850 280,090 
202071,615 95,631 127,184 294,430 
Equity in earnings (loss) of unconsolidated joint ventures:
2022$— $1,200 $— $1,200 
2021(111)(4,140)— (4,251)
2020(2,254)(1,578)— (3,832)
Net operating income (loss) (b):
2022$76,363 $111,485 $(129,910)$57,938 
202190,450 58,694 (110,095)39,049 
202075,090 59,632 (125,508)9,214 
Total assets:
2022$597,459 $3,302,188 $21,121 $3,920,768 
20211,216,717 3,294,226 16,375 4,527,318 
Total long-lived assets (c):
2022$547,923 $3,101,286 $(1,330)$3,647,879 
20211,087,198 3,098,492 (1,309)4,184,381 
Total investments in unconsolidated joint ventures:
2022$— $126,158 $— $126,158 
2021— 137,772 — 137,772 
(a)Total operating and interest expenses represent the sum of: real estate taxes; utilities; operating services; real estate services expenses; general and administrative, acquisition-related costs and interest expense (net of interest income). All interest expense, net of interest and other investment income, (including for property-level mortgages) is excluded from segment amounts and classified in Corporate & Other for all periods.
(b)Net operating income represents total revenues less total operating and interest expenses (as defined and classified in Note “a”), plus equity in earnings (loss) of unconsolidated joint ventures, for the period.
(c)Long-lived assets are comprised of net investment in rental property and unbilled rents receivable.
(d)Segment assets and operations were owned through a consolidated and variable interest entity commencing in February 2018, and which also include the Company’s consolidated hotel operations.
(e)Corporate & Other represents all corporate-level items (including interest and other investment income, interest expense, non-property general and administrative expense), as well as intercompany eliminations necessary to reconcile to consolidated Company totals.
Veris Residential, Inc.
The following schedule reconciles net operating income to net income (loss) available to common shareholders (dollars in thousands):
Year Ended December 31,
202220212020
Net operating income$57,938$39,049$9,214
Add (deduct):
Depreciation and amortization (a)(111,518)(110,038)(120,455)
Land and other impairments, net(9,368)(23,719)(16,817)
Property impairments(94,811)(13,467)(36,582)
Gain on change of control of interests———
Realized gains (losses) and unrealized losses on disposition of rental property, net66,1153,0222,657
Gain on disposition of developable land57,2622,1155,787
Gain on sale from unconsolidated joint ventures7,677 (1,886)35,184
Gain (loss) from extinguishment of debt, net(7,432)(47,078)(272)
Income (loss) from continuing operations(34,137)(152,002)(121,284)
Discontinued operations
Income from discontinued operations3,69216,91173,660
Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net(4,440)25,55214,026 
Total discontinued operations, net(748)42,46387,686 
Net income (loss)(34,885)(109,539)(33,598)
Noncontrolling interests in consolidated joint ventures3,0794,5952,695
Noncontrolling interests in Operating Partnership5,20215,73913,831 
Noncontrolling interest in discontinued operations72 (3,860)(8,432)
Redeemable noncontrolling interests(25,534)(25,977)(25,883)
Net income (loss) available to common shareholders$(52,066)$(119,042)$(51,387)
(a)     Depreciation and amortization included in each segment for the years ending December 31, 2022, 2021 and 2020 is $29,958, $44,553 and $52,631 for Commercial & Other Real Estate, $80,610, $64,605 and $66,943 for Multifamily Real Estate & Services, and $950, $881 and $881 for Corporate & Other, respectively.
Veris Residential, L.P.
The following schedule reconciles net operating income to net income (loss) available to common unitholders (dollars in thousands):
Year Ended December 31,
202220212020
Net operating income$57,938$39,049$9,214
Add (deduct):
Depreciation and amortization (a)(111,518)(110,038)(120,455)
Land and other impairments, net(9,368)(23,719)(16,817)
Property impairments(94,811)(13,467)(36,582)
Gain on change of control of interests———
Realized gains (losses) and unrealized losses on disposition of rental property, net66,1153,0222,657
Gain on disposition of developable land57,2622,1155,787
Gain on sale from unconsolidated joint ventures7,677 (1,886)35,184
Gain (loss) from extinguishment of debt, net(7,432)(47,078)(272)
Income (loss) from continuing operations(34,137)(152,002)(121,284)
Discontinued operations
Income from discontinued operations3,69216,91173,660
Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net(4,440)25,55214,026 
Total discontinued operations, net(748)42,46387,686 
Net income (loss)(34,885)(109,539)(33,598)
Noncontrolling interests in consolidated joint ventures3,0794,5952,695
Redeemable noncontrolling interests(25,534)(25,977)(25,883)
Net income (loss) available to common unitholders$(57,340)$(130,921)$(56,786)
(a)     Depreciation and amortization included in each segment for the years ending December 31, 2022, 2021 and 2020 is $29,958, $44,552 and $52,631 for Commercial & Other Real Estate, $80,610, $64,605 and $66,943 for Multifamily Real Estate & Services, and $950, $881 and $881 for Corporate & Other, respectively.