Company: VRE
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001628280-25-045884
Chunk: 113

Company: Veris Residential, Inc.
Filing Date: 2025-10-22
Form: 10-Q
Item: Part I, Item 8
Chunk 113
---
 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, 2024$0.0525May 6, 2024July 3, 2024July 16, 2024$0.0600August 5, 2024September 30, 2024October 16, 2024$0.0700At September 30, 2025 and December 31, 2024, the balance of the distributions payable was $8.6 million and $8.5 million, respectively. Impact of Recently-Issued Accounting StandardsIn November 2024, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2024-03, Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses ("ASU 2024-03"). The guidance requires disclosing disaggregated information about certain income statement expense captions but does not change the presentation of expense information or expense captions reported on the