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Veris Residential's Tax Treatment Announcement for 2025 Distributions

Veris Residential, Inc., recognized under the ticker NYSE: VRE, is a prominent player in the real estate investment trust (REIT) sector, primarily focusing on high-quality multifamily properties across the Northeast. As part of its commitment to transparency and shareholder education, the company disclosed the tax treatment of its distributions planned for 2025.

On January 26, 2026, Veris Residential announced a total distribution of $0.32 per share, effective for common stockholders. These distributions are classified for income tax purposes, which is crucial information for investors to understand the actual cash flow resulting from their investments.

Breakdown of Cash Distributions

The cash distributions will occur on four separate dates throughout the year, with each payment amounting to $0.08 per share. The schedule is as follows:

• - Record Date: December 31, 2024 - Payment Date: January 10, 2025
• - Record Date: March 31, 2025 - Payment Date: April 10, 2025
• - Record Date: June 30, 2025 - Payment Date: July 10, 2025
• - Record Date: September 30, 2025 - Payment Date: October 10, 2025

By understanding these dates, shareholders can effectively manage their financial planning and tax obligations.

Tax Classification Details

The classification of these distributions is pivotal for accounting purposes. As outlined, the total $0.32 per share is categorized as follows:

• - Ordinary Dividends: $0.171268
• - Return of Capital: $0.00
• - There are no classified capital gains or 199A dividends in these distributions.

This distribution structure means that the primary portion will be treated as ordinary dividends, potentially impacting the shareholders' tax returns, as ordinary dividends are generally subject to different tax rates compared to qualified dividends or capital gains.

Investors are advised to consult their tax professionals to understand how these distributions specifically affect their tax situations. Given the complexities of tax regulations, personalized advice can help shareholders optimize their financial outcomes.

About Veris Residential, Inc.

Veris Residential is characterized by its innovative approach to real estate investment. This company actively seeks to develop and manage premier Class A multifamily properties. Their standout strategy includes leveraging a technology-enabled operating platform aimed at enhancing living experiences while fostering community development in the areas they serve.

The management team at Veris Residential emphasizes rigorous corporate governance and an inclusive culture that empowers employees across all levels of the organization. This commitment reflects the company's dedication to sustainable growth and high standards in property management.

For individuals looking to explore available properties or gain deeper insights into Veris Residential's operations, further information can be accessed through their official website: Veris Residential.

In conclusion, Veris Residential's announcement regarding the tax treatment of its 2025 distributions serves as an important reminder of the complexities within real estate investing and the necessity for investors to remain informed and proactive in their financial decisions.