Veris Residential Declares Quarterly Cash Dividend

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.

News Market Reaction

-1.61%

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-1.61% News Effect

On the day this news was published, VRE declined 1.61%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

JERSEY CITY, N.J., Nov. 13, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) ("Veris Residential" or the "Company"), a forward-thinking, environmentally and socially conscious multifamily REIT, today announced that the Company's Board of Directors has declared a cash dividend on its common stock for the fourth quarter 2024 in the amount of $0.08 for the period ending December 31, 2024. The dividend will be paid on January 10, 2025, to shareholders of record as of December 31, 2024.

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

When will Veris Residential (VRE) pay its Q4 2024 dividend?

Veris Residential will pay its Q4 2024 dividend on January 10, 2025, to shareholders of record as of December 31, 2024.

How much is Veris Residential's (VRE) Q4 2024 dividend?

Veris Residential declared a quarterly cash dividend of $0.08 per share for Q4 2024.

What is the record date for Veris Residential's (VRE) Q4 2024 dividend?

The record date for Veris Residential's Q4 2024 dividend is December 31, 2024.

What factors determine Veris Residential's (VRE) future dividend payments?

Future dividends are determined by the Board based on AFFO, cash flows, taxable income requirements, and capital needs.