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Veris Residential Declares Quarterly Cash Dividend

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Veris Residential (NYSE: VRE), a forward-thinking REIT focused on Class A multifamily properties, has declared a quarterly cash dividend of $0.07 per share for Q3 2024. This represents a 7% increase from the previous dividend. The dividend will be paid on October 16, 2024 to shareholders of record as of September 30, 2024. Veris Residential emphasizes its commitment to sustainability and social responsibility in its operations and property development. The company's Board of Directors considers multiple factors when determining future dividends, including AFFO, cash flows, and distribution requirements.

Veris Residential (NYSE: VRE), un REIT innovativo focalizzato su proprietà multifamiliari di Classe A, ha dichiarato un dividendo in contante trimestrale di $0,07 per azione per il terzo trimestre del 2024. Questo rappresenta un aumento del 7% rispetto al dividendo precedente. Il dividendo sarà pagato il 16 ottobre 2024 agli azionisti registrati al 30 settembre 2024. Veris Residential sottolinea il proprio impegno verso la sostenibilità e la responsabilità sociale nelle sue operazioni e nello sviluppo immobiliare. Il Consiglio di Amministrazione dell'azienda considera vari fattori nella determinazione dei dividendi futuri, inclusi AFFO, flussi di cassa e requisiti di distribuzione.

Veris Residential (NYSE: VRE), un REIT con visión de futuro enfocado en propiedades multifamiliares de Clase A, ha declarado un dividendo en efectivo trimestral de $0.07 por acción para el tercer trimestre de 2024. Esto representa un aumento del 7% con respecto al dividendo anterior. El dividendo se pagará el 16 de octubre de 2024 a los accionistas registrados hasta el 30 de septiembre de 2024. Veris Residential enfatiza su compromiso con la sostenibilidad y la responsabilidad social en sus operaciones y desarrollo de propiedades. La Junta Directiva de la compañía considera múltiples factores al determinar futuros dividendos, incluyendo AFFO, flujos de efectivo y requisitos de distribución.

Veris Residential (NYSE: VRE)는 클래스 A 다가구 부동산에 중점을 둔 혁신적인 REIT로, 2024년 3분기에 대해 주당 0.07달러의 분기 현금 배당금선언했습니다. 이는 이전 배당금에 비해 7% 증가한 것입니다. 해당 배당금은 2024년 10월 16일2024년 9월 30일 기준으로 주주에게 지급됩니다. Veris Residential은 운영 및 부동산 개발에서 지속 가능성사회적 책임에 대한 헌신을 강조합니다. 회사의 이사회는 향후 배당금을 결정할 때 AFFO, 현금 흐름 및 분배 요건 등 여러 요소를 고려합니다.

Veris Residential (NYSE: VRE), un REIT visionnaire axé sur les propriétés multifamiliales de classe A, a déclaré un dividende en espèces trimestriel de 0,07 $ par action pour le 3ème trimestre 2024. Cela représente une augmentation de 7% par rapport au dividende précédent. Le dividende sera versé le 16 octobre 2024 aux actionnaires inscrits au 30 septembre 2024. Veris Residential met l'accent sur son engagement envers la soutenabilité et la responsabilité sociale dans ses opérations et le développement de propriétés. Le conseil d'administration de l'entreprise prend en compte plusieurs facteurs lors de la détermination des dividendes futurs, y compris l'AFFO, les flux de trésorerie et les exigences de distribution.

Veris Residential (NYSE: VRE), ein zukunftsorientierter REIT, der sich auf Immobilien der Klasse A mit mehreren Familien fokussiert, hat eine vierteljährliche Bar-Dividende von 0,07 $ pro Aktie für das 3. Quartal 2024 erklärt. Dies stellt eine Steigerung von 7% im Vergleich zur vorherigen Dividende dar. Die Dividende wird am 16. Oktober 2024 an die Aktionäre ausgezahlt, die am 30. September 2024 registriert sind. Veris Residential betont sein Engagement für Nachhaltigkeit und sozialer Verantwortung in seinen Betrieben und bei der Immobilienentwicklung. Der Vorstand des Unternehmens berücksichtigt verschiedene Faktoren bei der Festlegung zukünftiger Dividenden, einschließlich AFFO, Cashflows und Verteilungsvoraussetzungen.

Positive
  • Quarterly dividend increased by 7%
  • Commitment to sustainability and social responsibility may attract ESG-focused investors
Negative
  • Dividend yield remains relatively low at $0.07 per share

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

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/veris-residential-declares-quarterly-cash-dividend-302213925.html

SOURCE Veris Residential, Inc.

FAQ

What is Veris Residential's (VRE) dividend amount for Q3 2024?

Veris Residential (VRE) declared a quarterly cash dividend of $0.07 per share for Q3 2024.

When will Veris Residential (VRE) pay its Q3 2024 dividend?

Veris Residential (VRE) will pay its Q3 2024 dividend on October 16, 2024 to shareholders of record as of September 30, 2024.

How much did Veris Residential (VRE) increase its dividend in Q3 2024?

Veris Residential (VRE) increased its quarterly dividend by 7% in Q3 2024 compared to the previous dividend.

What factors does Veris Residential (VRE) consider when determining future dividends?

Veris Residential (VRE) considers factors such as AFFO, actual cash flows from operations, taxable income, distribution requirements, and capital needs when determining future dividends.

Veris Residential, Inc.

NYSE:VRE

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1.66B
92.89M
10.05%
109.44%
4.92%
REIT - Residential
Real Estate Investment Trusts
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United States of America
JERSEY CITY