Veris Residential Declares Second Quarter 2025 Cash Dividend
Rhea-AI Summary
Veris Residential (NYSE: VRE), a Northeast-focused Class A multifamily REIT, has announced a quarterly cash dividend of $0.08 per share for Q2 2025. The dividend will be paid on July 10, 2025, to shareholders of record as of June 30, 2025. Future dividend distributions will be subject to Board approval and will consider multiple factors including AFFO, cash flows, taxable income requirements, and capital needs.
Positive
- Consistent dividend payment demonstrates commitment to shareholder returns
- Company maintains ability to distribute cash to shareholders
Negative
- Relatively low dividend amount may indicate limited cash distribution capacity
News Market Reaction
On the day this news was published, VRE gained 1.20%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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 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 http://www.verisresidential.com/.
Contact
Investors
Mackenzie Rice
Director, 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.
FAQ
What is the dividend amount for Veris Residential (VRE) for Q2 2025?
When will VRE pay its Q2 2025 dividend?
What factors determine Veris Residential's future dividend payments?
What type of REIT is Veris Residential (VRE)?
