Veris Residential Declares Quarterly Cash Dividend
Veris Residential (NYSE: VRE) has declared a quarterly cash dividend of $0.08 per common share for Q4 2024.
Sentiment and the balance of points
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Rhea-AI Summary
Veris Residential (NYSE: VRE) has declared a quarterly cash dividend of $0.08 per common share for Q4 2024. The dividend will be paid on January 10, 2025, to shareholders of record as of December 31, 2024. As a forward-thinking, environmentally and socially conscious multifamily REIT, the company's future dividend distributions will be determined by the Board of Directors based on factors including AFFO, cash flows, taxable income requirements, and capital needs.
Positive
- Declared quarterly dividend of $0.08 per share
Negative
- None.
Details
News Market Reaction – VRE
The recorded move for VRE in the trading session of this news was -1.61%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
The timing and amount of future dividends is subject to approval by the Board of Directors, taking into consideration multiple factors including but not limited to the Company's AFFO and actual cash flows from operations, its estimate of taxable income and related distribution requirements as well as any capital requirements.
About Veris Residential, Inc.
Veris Residential, Inc. is a forward-thinking, environmentally and socially conscious real estate investment trust (REIT) that primarily owns, operates, acquires and develops holistically inspired, Class A multifamily properties that meet the sustainability-conscious lifestyle needs of today's residents while seeking to positively impact the communities it serves and the planet at large. The Company is guided by an experienced management team and Board of Directors, underpinned by leading corporate governance principles; a best-in-class, sustainable approach to operations; and an inclusive culture based on equality and meritocratic empowerment. For additional information on Veris Residential, Inc. and our properties available for lease, please visit https://verisresidential.com.
Investors
Anna Malhari
Chief Operating Officer
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.
FAQ
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