Company: VRE
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001628280-25-045884
Chunk: 54

Company: Veris Residential, Inc.
Filing Date: 2025-10-22
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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 to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could 

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differ from those estimates. Certain reclassifications have been made to prior period amounts in order to conform with current period presentation, primarily related to classification of certain properties as discontinued operations.During 2024, the Company revised the terminology used for certain financial statement line items to better align with itsoperational activities and provide a clearer representation of the nature of its business. The Company has renamed financial statement line items “Real estate services” and “Real estate services expenses” on the Consolidated Statements ofOperations as “Management fees” and “Property management,” respectively. The change in terminology does not impactthe amounts reported in the financial statements. Comparative periods have been renamed to reflect this change forconsistency.

 2.    SIGNIFICANT ACCOUNTING POLICIES

These financial statements should be read in conjunction with the Company’s audited Annual Report on Form 10-K for the year ended December 31, 2024, as certain disclosures in this Quarterly Report on Form 10-Q that would duplicate those included in the 10-K are not included in these financial statements.Dividends and Distributions PayableThe Board of Directors considers a variety of factors when setting the Company's dividends including the Company’s earnings, income tax projections, cash flows, financial condition, capital requirements, debt maturities, the availability of debt and equity capital, applicable REIT and legal restrictions, economic conditions and other factors.Dividends declared (on a per share basis) for the nine months ended September 30, 2025 were as follows:Date of DeclarationDate of RecordDate of PaymentDividend DeclaredFebruary 27, 2025March 31, 2025April 10, 2025$0.0800May 28, 2025June 30, 2025July 10, 2025$0.0800August 25, 2025September 30, 2025October 10, 2025$0.0800Dividends declared (on a per share basis) for the nine months ended September 30, 2024 were as follows:Date of DeclarationDate of RecordDate of PaymentDividend DeclaredFebruary 27, 2024April 3, 2024April 16,