Veris Residential Announces Tax Treatment of 2024 Distributions
Rhea-AI Summary
Veris Residential (NYSE: VRE) has announced the tax treatment of its 2024 distributions. The company's total distributions amounted to $0.235 per share of common stock, distributed across four payments throughout 2024:
- January 10: $0.053 per share
- April 16: $0.053 per share
- July 16: $0.060 per share
- October 16: $0.070 per share
All distributions are classified as Return of Capital for income tax purposes, with no portions classified as ordinary dividends, capital gains, unrecaptured Section 1250 gain, or Section 199A dividends. Shareholders are advised to consult with their tax advisors regarding the specific tax treatment of these distributions.
Positive
- Consistent quarterly dividend payments throughout 2024
- Progressive increase in dividend amounts from $0.053 to $0.070 per share
Negative
- Distributions classified entirely as Return of Capital, indicating no profitable income distribution
News Market Reaction – VRE
In the trading session that priced this news, VRE declined 0.12%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
RECORD | PAYMENT | CASH DISTRIBUTIONS | TAXABLE | TOTAL | UNRECAPTURED | SECTION | RETURN OF CAPITAL |
DATE | DATE | PER SHARE | ORDINARY DIVIDENDS | CAPITAL GAIN | SECTION 1250 GAIN | 199A DIVIDENDS | DISTRIBUTIONS |
12/29/2023 | 1/10/2024 | ||||||
4/3/2024 | 4/16/2024 | ||||||
7/3/2024 | 7/16/2024 | ||||||
6/30/2024 | 10/16/2024 | ||||||
TOTALS |
Shareholders are encouraged to consult with their tax advisors as to the specific tax treatment of Veris Residential, Inc. distributions.
About Veris Residential, Inc.
Veris Residential, Inc. is a forward-thinking real estate investment trust (REIT) that primarily owns, operates, acquires and develops premier Class A multifamily properties in the Northeast. Our technology-enabled, vertically integrated operating platform delivers a contemporary living experience aligned with residents' preferences while positively impacting the communities we serve. We are guided by an experienced management team and Board of Directors, underpinned by leading corporate governance principles; a best-in-class approach to operations; and an inclusive culture based on meritocratic empowerment.
For additional information on Veris Residential, Inc. and our properties available for lease, please visit https://www.verisresidential.com/.
Investors
Mackenzie Rice
Director of Investor Relations
investors@verisresidential.com
Media
Amanda Shpiner/Grace Cartwright
Gasthalter & Co.
212-257-4170
veris-residential@gasthalter.com
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SOURCE Veris Residential, Inc.