Veris Residential Announces Tax Treatment of 2025 Distributions

Core Viewpoint - Veris Residential, Inc. has announced the tax treatment of its 2025 distributions, totaling $0.32 per share, with specific classifications for income tax purposes [1]. Distribution Details - The total cash distribution per share is $0.32, broken down as follows: - For the record date of 12/31/2024, the payment date is 1/10/2025, with a cash distribution of $0.08 classified as ordinary dividends and a capital gain of $0.08, with an unrecaptured section 1250 gain of $0.042817 [1]. - For the record date of 3/31/2025, the payment date is 4/10/2025, with the same cash distribution and classifications as above [1]. - For the record date of 6/30/2025, the payment date is 7/10/2025, maintaining the cash distribution of $0.08 and classifications [1]. - For the record date of 9/30/2025, the payment date is 10/10/2025, again with a cash distribution of $0.08 and similar classifications [1]. - The total taxable amount for the distributions is $0.32, with an unrecaptured section 1250 gain totaling $0.171268 [1]. Company Overview - Veris Residential, Inc. is a real estate investment trust (REIT) focused on owning, operating, acquiring, and developing Class A multifamily properties in the Northeast [3]. - The company utilizes a technology-enabled, vertically integrated operating platform to enhance the living experience for residents and positively impact the communities served [3]. - The management team and Board of Directors are experienced, guided by strong corporate governance principles and a meritocratic culture [3].