Veris Residential, Inc. Reinstates Quarterly Dividend Effective for the Third Quarter of 2023, Payable on October 10, 2023
July 26, 2023 at 06:04 pm EDT
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Veris Residential, Inc. reinstated a quarterly dividend effective for the third quarter of 2023. Given the recent advancements in strategic transformation, the Board of Directors of the company approved a quarterly dividend of $0.05 per common share to be paid on October 10, 2023, to shareholders of record as of September 30, 2023.
Veris Residential, Inc. is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company owns, operates, and develops multifamily rental properties located primarily in the Northeast, as well as a portfolio of non-strategic land and commercial assets. The Company operates through two segments: multifamily real estate and services and commercial and other real estate. The Company provides property management, leasing, acquisition, development, construction and tenant-related services for its multifamily real estate portfolio and commercial and other real estate located in the United States. The Company owns and has interests in 24 multifamily rental properties as well as non-strategic assets comprised of one office property, four parking/retail properties, and developable land. It seeks to own a portfolio comprised primarily of Class A multifamily properties with premium amenities and offerings that reflect its commitment to sustainability.
VERIS RESIDENTIAL, INC. 
