Veris Residential Reveals Distribution Tax Breakdowns for 2024

Understanding the Tax Treatment of 2024 Distributions

Veris Residential, Inc. (NYSE: VRE), recognized as a pioneering entity in the real estate investment trust (REIT) sector, is committed to transparency, especially regarding tax implications for shareholders. Recently, the company disclosed the tax treatment associated with its 2024 distributions. With a total of $0.235 per share of common stock, this announcement necessitates a closer look to ensure investors are well-informed.

Distribution Breakdown for Income Tax Purposes

The company outlined specific classifications that shareholders need to be aware of for accurate tax reporting. The breakdown consists of several components essential for understanding how distributions will be taxed. Shareholders are advised to carefully review these classifications to prepare for the upcoming tax season.

Key Distribution Dates

Veris Residential provided a detailed schedule indicating crucial dates for distributions. For example, notable upcoming distribution dates include a record date of December 29, 2023, with the payment made on January 10, 2024. These dates are important as they dictate when shareholders need to hold shares to qualify for dividends. Throughout the year, various distribution dates will follow, reinforcing the company's commitment to returning capital to its shareholders.

Consult Professional Tax Advisors

As a part of the announcement, Veris Residential encouraged shareholders to seek advice from their tax professionals. Each investor's circumstances vary, and consulting a tax expert ensures that individuals can navigate the complexities of income tax treatment accurately. Knowing the specifics of how distributions are categorized can significantly affect tax liabilities.

About Veris Residential, Inc.

Operating within the multifamily property arena, Veris Residential, Inc. not only focuses on owning and managing premier residential buildings but also engages in the development of innovative living spaces. The company integrates technology into its operations, aiming to enhance the overall living experience for its residents. With a strategic approach to development and management, Veris continues to shape vibrant and sustainable communities.

Commitment to Quality and Governance

Veris Residential prides itself on a robust corporate governance structure, guided by an experienced management team and a diverse Board of Directors. This leadership focuses on upholding best practices in operations while promoting an inclusive culture that encourages merit-based advancement among employees. This commitment fosters an environment conducive to innovation and quality service delivery in the real estate sector.

Contact Information for Inquiries

Investors seeking additional insights can reach out to Mackenzie Rice, the Director of Investor Relations. The contact provided facilitates direct communication for any investor-related concerns. On the media side, Amanda Shpiner and Grace Cartwright from Gasthalter & Co. are available to address inquiries regarding the company’s developments and announcements.

Frequently Asked Questions

1. What is the total amount of the distributions for 2024?

The total amount of distributions for 2024 is set at $0.235 per share of common stock.

2. When should shareholders expect to receive their distributions?

Shareholders can expect distributions to be paid on scheduled dates, starting with January 10, 2024, following the record date of December 29, 2023.

3. How can I determine the tax implications of my distributions?

Consulting with a tax advisor is recommended to understand the specific tax implications of your distributions.

4. Where can I find more information about Veris Residential?

More information can be found on the company’s official website, which provides comprehensive details about their properties and operations.

5. Who can I contact for investor-related inquiries?

Mackenzie Rice, the Director of Investor Relations, is the contact point for all investor-related inquiries.

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