VRE FY 2023 Earnings — Veris Residential, Inc. Revenue & Financial Results | Market Cap Arena

VREVeris Residential, Inc.

$2B

FY 2023 Earnings

Real Estate REIT - Residential

Income Statement

Revenue

$260M+22.0% YoY

Gross Profit

$153M58.8% margin

Operating Income

$22M8.6% margin

Net Income

-$107M-41.2% margin

EPS (Diluted)

$-1.11

Cash Flow

Operating Cash Flow

$58M

Free Cash Flow

$45M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$3.2B

Total Liabilities

$1.9B

Stockholders' Equity

$1.1B

Cash & Equivalents

$28M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$260M	$213M	+22.0%
Gross Profit	$153M	$115M	+33.5%
Operating Income	$22M	-$19M	+215.8%
Net Income	-$107M	-$52M	-106.0%