Despite one-time expenses, the normalized FFO estimate aligns with the upper end of the management's guidance range, indicating a strong performance anticipation. Additionally, Veris Residential has declared a quarterly dividend of $0.06 per share for the second quarter ending June 30, 2024. Supported by a new $500 million credit facility and term loan package, the decision to increase the dividend is based on several factors, including the company's adjusted funds from operations and actual cash flow. As these recent developments unfold, Veris Residential continues to focus on operational efficiency and strategic asset management. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.