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VRE FY 2023 Earnings — Veris Residential, Inc. Revenue & Financial Results | Market Cap Arena
VRE
Veris Residential, Inc.
$2B
FY 2023 Earnings
Real Estate
REIT - Residential
Income Statement
Revenue
$260M
+22.0% YoY
Gross Profit
$153M
58.8% margin
Operating Income
$22M
8.6% 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%
← Q4 2022
All Quarters
Q1 2023 →