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Veris Residential (Veris Residential) 3-Year Dividend Growth Rate

: -36.40% (As of Dec. 2023)
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Veris Residential's Dividends per Share for the three months ended in Dec. 2023 was $0.05.

The historical rank and industry rank for Veris Residential's 3-Year Dividend Growth Rate or its related term are showing as below:

VRE' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -36.4   Med: 0.3   Max: 52.2
Current: -36.4

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Veris Residential was 52.20% per year. The lowest was -36.40% per year. And the median was 0.30% per year.

VRE's 3-Year Dividend Growth Rate is ranked worse than
97.24% of 507 companies
in the REITs industry
Industry Median: 2.2 vs VRE: -36.40

During the past 3 years, the average Dividends Per Share Growth Rate was -36.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Veris Residential's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.00. As of today, Veris Residential's Dividend Yield % is 1.09%.

Good Sign:

Veris Residential Inc stock dividend yield is close to 3-year high.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the REIT - Residential subindustry, Veris Residential's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Veris Residential 3-Year Dividend Growth Rate Distribution

For the REITs industry and Real Estate sector, Veris Residential's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Veris Residential's 3-Year Dividend Growth Rate falls into.



Veris Residential 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Veris Residential  (NYSE:VRE) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Veris Residential's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.053/ -0.225
=N/A

During the past 13 years, the highest Dividend Payout Ratio of Veris Residential was 12.50. The lowest was 0.74. And the median was 1.00.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Veris Residential Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.0532024-04-022024-04-032024-04-16Cash DividendquarterlyUSD:USD 1.000000
USD 0.0532023-12-282023-12-292024-01-10Cash DividendquarterlyUSD:USD 1.000000
USD 0.0502023-09-282023-09-302023-10-10Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Veris Residential's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=0.156/14.01
=1.11 %

Current Share Price is $14.01.
Veris Residential's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.156.

During the past 13 years, the highest Dividend Yield of Veris Residential was 7.84%. The lowest was 0.31%. And the median was 3.55%.

Good Sign:

Veris Residential Inc stock dividend yield is close to 3-year high.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Veris Residential 3-Year Dividend Growth Rate Related Terms>


Veris Residential (Veris Residential) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Harborside 3, 210 Hudson Street, Suite 400, Jersey City, NJ, USA, 07311
Veris Residential Inc is a fully-integrated, self-administered and self-managed real estate investment trust (REIT). The company owns and operates a real estate portfolio comprised predominantly of multifamily rental properties located mainly in the Northeast and Class A office properties. The company performs substantially all real estate management, leasing, acquisition and development on an in-house basis. The properties are in three states in the Northeast, plus the District of Columbia. The company operates in two industry segments multifamily real estate & services and commercial & other real estate. The majority of revenue is from Multifamily real estate services.
Executives
A. Akiva Katz director C/O MACK-CALI REALTY CORP, HARBORSIDE 3, 210 HUDSON ST., SUITE 400, JERSEY CITY NJ 07311
Stephanie L. Williams director C/O VERIS RESIDENTIAL, INC., 210 HUDSON STREET, SUITE 400, JERSEY CITY NJ 07311
Ronald Dickerman director 410 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022
Mahbod Nia director C/O COLONY NORTHSTAR, INC., 590 MADISON AVENUE, 34TH FLOOR, NEW YORK NY 10022
Taryn D. Fielder officer: EVP, General Counsel & Sec. 1775 EYE STREET, N.W., SUITE 1000, WASHINGTON DC 20006
Jeffrey Scott Turkanis officer: EVP & Chief Investment Officer 12 RICHARD ROAD, MARBLEHEAD MA 01945
Amanda Lombard officer: Chief Accounting Officer 500 FIFTH AVENUE, SUITE 1530, NEW YORK NY 10110
Anna Malhari officer: EVP & Chief Operating Officer HARBORSIDE 3, 210 HUDSON ST., SUITE 400, JERSEY CITY NJ 07311
Victor B Macfarlane director 151 EXECUTIVE PARK BLVD, BUILDING 2, SAN FRANCISCO CA 94134
Michael B Berman director C/O GENERAL GROWTH PROPERTIES, 110 NORTH WACKER DRIVE, CHICAGO IL 60606
Tammy Jones director MONOGRAM RESIDENTIAL TRUST,INC., 5800 GRANITE PARKWAY, SUITE 1000, PLANO TX 75024
Howard Steven Stern director 11601 WILSHIRE BLVD 4TH FLOOR, LOS ANGELES CA 90025
Deidre Crockett officer: EVP, Chief Admin. Officer HARBORSIDE 3, 210 HUDSON ST., SUITE 400, JERSEY CITY NJ 07311
Alan R Batkin director 399 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022
Lisa Feinman Myers director HARBORSIDE 3, 210 HUDSON ST., SUITE 400, JERSEY CITY NJ 07311