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VERIS RESIDENTIAL, INC. STOCKHOLDERS’ EQUITY AND VERIS RESIDENTIAL, L.P.’S PARTNERS’ CAPITAL (Tables)
 12 Months Ended
Dec. 31, 2022
Stockholders' Equity Note [Abstract]  
Schedule of Stock Option Plans
Information regarding the Company’s stock option plans is summarized below:
 Shares
Under Options		Weighted
Average
Exercise
Price		Aggregate
Intrinsic
Value
$(000’s)
Outstanding at January 1, 2020 ($17.31)
800,000$17.31 $4,656
Granted, Lapsed or Cancelled172,49514.39 
Outstanding at December 31, 2020 ($17.31)
972,495$16.79 —
Granted1,107,50516.10 
Outstanding at December 31, 2021 ($14.39 - $17.31)
2,080,000$16.42 4,072
Granted250,00016.33 
Outstanding at December 31, 2022 ($14.39 - $20.00)
2,330,000$16.41 $—
Options exercisable at December 31, 20221,446,667
Available for grant at December 31, 20221,113,036
Schedule of Weighted Average Assumptions The following weighted average assumptions are included in the Company’s fair value calculations of stock options granted during the year ended December 31, 2022:
2022
April		2021
March		2021
June regular		2021
June premium		2020
stock options
Expected life (in years)4.04.54.65.35.3
Risk-free interest rate2.77 %0.79 %0.71 %0.94 %0.41 %
Volatility38.0 %35.0 %35.0 %34.0 %31.0 %
Dividend yield2.6 %1.6 %1.5 %1.4 %2.7 %
Schedule of Restricted Stock Awards
Information regarding the Restricted Stock Awards grant activity is summarized below:
SharesWeighted-Average
Grant – Date
Fair Value
Outstanding at January 1, 202042,690 $21.08 
Granted52,974 15.29 
Vested(42,690)21.08 
Outstanding at December 31, 202052,974 $15.29 
Granted39,529 17.71 
Vested(52,974)15.29 
Outstanding at December 31, 202139,529 $17.71 
Granted49,784 14.06 
Vested(39,529)17.71 
Outstanding at December 31, 202249,784 $14.06 
Schedule of Reconciliation of Shares Used in Basic EPS Calculation to Shares Used in Diluted EPS Calculation
The following information presents the Company’s results for the years ended December 31, 2022, 2021 and 2020 in accordance with ASC 260, Earnings Per Share (dollars in thousands, except per share amounts):
Veris Residential, Inc.:
 Year Ended December 31,
Computation of Basic EPS202220212020
Income (loss) from continuing operations$(34,137)$(152,002)$(121,284)
Add (deduct): Noncontrolling interests in consolidated joint ventures3,079 4,595 2,695 
Add (deduct): Noncontrolling interests in Operating Partnership5,202 15,739 13,831 
Add (deduct): Redeemable noncontrolling interests(25,534)(25,977)(25,883)
Add (deduct): Redemption value adjustment of redeemable noncontrolling interests attributable to common shareholders(5,475)(7,290)(11,814)
Income (loss) from continuing operations available to common shareholders(56,865)(164,935)(142,455)
Income (loss) from discontinued operations available to common shareholders(676)38,603 79,254 
Net income (loss) available to common shareholders for basic earnings per share$(57,541)$(126,332)$(63,201)
Weighted average common shares91,046 90,839 90,648 
Basic EPS:
Income (loss) from continuing operations available to common shareholders$(0.62)$(1.82)$(1.57)
Income (loss) from discontinued operations available to common shareholders(0.01)0.43 0.87 
Net income (loss) available to common shareholders$(0.63)$(1.39)$(0.70)
Year Ended December 31,
Computation of Diluted EPS202220212020
Net income (loss) from continuing operations available to common shareholders$(56,865)$(164,935)$(142,455)
Add (deduct): Noncontrolling interests in Operating Partnership(5,202)(15,739)(13,831)
Add (deduct): Redemption value adjustment of redeemable noncontrolling interests attributable to the Operating Partnership unitholders(548)(726)(1,254)
Income (loss) from continuing operations for diluted earnings per share(62,615)(181,400)(157,540)
Income (loss) from discontinued operations for diluted earnings per share(748)42,463 87,686 
Net income (loss) available for diluted earnings per share(63,363)(138,937)(69,854)
Weighted average common shares100,265 99,893 100,260 
Diluted EPS:
Income (loss) from continuing operations available to common shareholders$(0.62)$(1.82)$(1.57)
Income (loss) from discontinued operations available to common shareholders$(0.01)$0.43 $0.87 
Net income (loss) available to common shareholders$(0.63)$(1.39)$(0.70)
The following schedule reconciles the weighted average shares used in the basic EPS calculation to the shares used in the diluted EPS calculation (in thousands):
Year Ended December 31,
202220212020
Basic EPS shares91,046 90,839 90,648 
Add: Operating Partnership – common and vested LTIP units9,219 9,054 9,612 
Diluted EPS Shares100,265 99,893 100,260 
Year Ended December 31,
Computation of Basic EPU202220212020
Income (loss) from continuing operations$(34,137)$(152,002)$(121,284)
Add (deduct): Noncontrolling interests in consolidated joint ventures3,079 4,595 2,695 
Add (deduct): Redeemable noncontrolling interests(25,534)(25,977)(25,883)
Add (deduct): Redemption value adjustment of redeemable noncontrolling interests(6,023)(8,016)(13,068)
Income (loss) from continuing operations available to unitholders(62,615)(181,400)(157,540)
Income (loss) from discontinued operations available to unitholders(748)42,463 87,686 
Net income (loss) available to common unitholders for basic earnings per unit$(63,363)$(138,937)$(69,854)
Weighted average common units100,265 99,893 100,260 
Basic EPU:
      
Income (loss) from continuing operations available to unitholders$(0.62)$(1.82)$(1.57)
Income (loss) from discontinued operations available to unitholders(0.01)0.43 0.87 
Net income (loss) available to common unitholders for basic earnings per unit$(0.63)$(1.39)$(0.70)
Year Ended December 31,
Computation of Diluted EPU202220212020
Net income (loss) from continuing operations available to common unitholders$(62,615)$(181,400)$(157,540)
Income (loss) from discontinued operations for diluted earnings per unit(748)42,463 87,686 
Net income (loss) available to common unitholders for diluted earnings per unit$(63,363)$(138,937)$(69,854)
Weighted average common unit100,265 99,893 100,260 
Diluted EPU:
Income (loss) from continuing operations available to common unitholders$(0.62)$(1.82)$(1.57)
Income (loss) from discontinued operations available to common unitholders(0.01)0.43 0.87 
Net income (loss) available to common unitholders$(0.63)$(1.39)$(0.70)
The following schedule reconciles the weighted average units used in the basic EPU calculation to the units used in the diluted EPU calculation (in thousands):
Year Ended December 31,
202220212020
Basic EPU units100,265 99,893 100,260 
Add: Stock Options— — — 
Diluted EPU Units100,265 99,893 100,260