Company: VRE
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001628280-25-045884
Chunk: 156

Company: Veris Residential, Inc.
Filing Date: 2025-10-22
Form: 10-Q
Item: Part I, Item 8
Chunk 156
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 be required to pay federal, state and local taxes on such net capital gains at the rate applicable to capital gains of a corporation. 

50

The 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$0.0800

The General Partner, as of the taxable year ended December 31, 2024, the most recent year for which tax returns have been filed, has net operating losses of $320.8 million and $47.2 million of capital loss carryovers.

Debt Financing

Debt Strategy

The Company has historically utilized a combination of corporate and property-level indebtedness. The Company will seek to refinance or retire its debt obligations at maturity with available proceeds received from the Company’s planned non-strategic asset sales, as well as with new corporate or property-level indebtedness on or before the applicable maturity dates.

Debt Summary

The following is a breakdown of the Company’s debt between fixed and variable-rate financing as of September 30, 2025:

Balance($000’s)% of Total Weighted AverageInterest RateWeighted AverageMaturity in YearsFixed Rate & Hedged Debt, including Revolving Credit Facility (a)$1,442,068 100.0 %4.77 %2.38Totals/Weighted Average:$1,442,068 100.0 %4.77 %2.38Unamortized deferred financing costs (b)(8,531)Total Debt, Net$1,433,537 

(a)Includes debt with interest rate caps outstanding with a notional amount of $330.0 million.

(b)Excludes $4.2 million of unamortized deferred financing costs recorded in Deferred charges and other assets,