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Veris Residential Announces Tax Treatment of 2024 Distributions

1. Veris Residential announces $0.235 total distribution per share for 2024. 2. Tax treatment includes ordinary dividends without capital gains. 3. Distributions structured as returns of capital, tax implications may vary. 4. Investors advised to consult tax advisors regarding distribution classification.

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Why Neutral?

While distributions are positive, tax treatment lacks immediate market influence.

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Distribution information is essential for investors, impacting immediate cash flow perceptions.

Why Short Term?

Distribution announcements typically affect short-term investor decisions and sentiment.

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VRE
, /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) ("Veris Residential" or the "Company"), a forward-thinking multifamily REIT, today announced the tax treatment of its 2024 Distributions. The Company's total distributions of $0.235 per share of common stock (CUSIP #554489104) is to be classified for income tax purposes as follows: RECORD PAYMENT CASH DISTRIBUTIONS TAXABLE TOTAL UNRECAPTURED SECTION RETURN OF CAPITAL  DATE  DATE PER SHARE ORDINARY DIVIDENDS CAPITAL GAIN SECTION 1250 GAIN 199A DIVIDENDS DISTRIBUTIONS 12/29/2023 1/10/2024 $0.053 $0.000 $0.000 $0.000 $0.000 $0.053 4/3/2024 4/16/2024 $0.053 $0.000 $0.000 $0.000 $0.000 $0.053 7/3/2024 7/16/2024 $0.060 $0.000 $0.000 $0.000 $0.000 $0.060 6/30/2024 10/16/2024 $0.070 $0.000 $0.000 $0.000 $0.000 $0.070 TOTALS $0.235 $0.000 $0.000 $0.000 $0.000 $0.235 Shareholders are encouraged to consult with their tax advisors as to the specific tax treatment of Veris Residential, Inc. distributions. About Veris Residential, Inc. Veris Residential, Inc. is a forward-thinking real estate investment trust (REIT) that primarily owns, operates, acquires and develops premier Class A multifamily properties in the Northeast. Our technology-enabled, vertically integrated operating platform delivers a contemporary living experience aligned with residents' preferences while positively impacting the communities we serve. We are guided by an experienced management team and Board of Directors, underpinned by leading corporate governance principles; a best-in-class approach to operations; and an inclusive culture based on meritocratic empowerment. For additional information on Veris Residential, Inc. and our properties available for lease, please visit https://www.verisresidential.com/. InvestorsMackenzie RiceDirector of Investor Relations [email protected] Media Amanda Shpiner/Grace CartwrightGasthalter & Co.212-257-4170[email protected] SOURCE Veris Residential, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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