JERSEY
CITY, N.J., Aug. 5, 2024
/PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) ("Veris
Residential" or the "Company"), a forward-thinking, environmentally
and socially conscious REIT that primarily owns, operates, acquires
and develops Class A multifamily properties, today announced
that the Company's Board of Directors has declared a cash dividend
on its common stock for the third quarter 2024 in the amount of
$0.07 for the period ending
September 30, 2024, representing an
increase of 7% from the prior dividend. The dividend will be paid
on October 16, 2024 to shareholders
of record as of September 30,
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 and is underpinned by leading corporate
governance principles, a best-in-class and 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.
