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Veris Residential Announces Tax Treatment of 2024 Distributions
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:
| RECORD | PAYMENT | CASH DISTRIBUTIONS | TAXABLE | TOTAL | UNRECAPTURED | SECTION | RETURN OF CAPITAL |
| DATE | DATE | PER SHARE | ORDINARY DIVIDENDS | CAPITAL GAIN | SECTION 1250 GAIN | 199A 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.
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