Veris Residential Announces Tax Treatment of 2024 Distributions

PR Newswire

JERSEY CITY, N.J., Feb. 18, 2025

JERSEY CITY, N.J., Feb. 18, 2025 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) ("Veris Residential" or the "Company"), a forward-thinking multifamily REIT, today announced the tax treatment of its 2024 Distributions. The Company's total distributions of $0.235 per share of common stock (CUSIP #554489104) is to be classified for income tax purposes as follows:

 
                                                                                             RETURN OF 
  RECORD       PAYMENT    CASH DISTRIBUTIONS   TAXABLE    TOTAL   UNRECAPTURED   SECTION      CAPITAL 
                                              ORDINARY   CAPITAL  SECTION 1250    199A 
    DATE         DATE         PER SHARE       DIVIDENDS   GAIN        GAIN      DIVIDENDS  DISTRIBUTIONS 
-----------  -----------  ------------------  ---------  -------  ------------  ---------  ------------- 
 
12/29/2023    1/10/2024         $0.053         $0.000    $0.000      $0.000      $0.000       $0.053 
 4/3/2024     4/16/2024         $0.053         $0.000    $0.000      $0.000      $0.000       $0.053 
 7/3/2024     7/16/2024         $0.060         $0.000    $0.000      $0.000      $0.000       $0.060 
 6/30/2024   10/16/2024         $0.070         $0.000    $0.000      $0.000      $0.000       $0.070 
 
         TOTALS                 $0.235         $0.000    $0.000      $0.000      $0.000       $0.235 
========================  ==================  =========  =======  ============  =========  ============= 
 

Shareholders are encouraged to consult with their tax advisors as to the specific tax treatment of Veris Residential, Inc. distributions.

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 https://www.verisresidential.com/.

Investors

Mackenzie Rice

Director of 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.

(END) Dow Jones Newswires

February 18, 2025 08:00 ET (13:00 GMT)