JERSEY
CITY, N.J., Feb. 27,
2025 /PRNewswire/ -- Veris Residential, Inc.
(NYSE: VRE) ("Veris Residential" or the "Company"), a
forward-thinking, Northeast-focused, Class A multifamily REIT,
today announced that the Company's Board of Directors has
declared a cash dividend on its common stock for the first quarter
2025 in the amount of $0.08 for the
period ending March 31, 2025. The
dividend will be paid on April 10,
2025, to shareholders of record as of March 31, 2025.
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/.
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.
