VRE Q1 2017 Earnings — Veris Residential, Inc. Revenue & Financial Results | Market Cap Arena

VREVeris Residential, Inc.

$2B

Q1 2017 Earnings

Real Estate REIT - Residential

Income Statement

Revenue

$150M-2.0% YoY

Gross Profit

$84M56.1% margin

Operating Income

$25M16.5% margin

Net Income

$20M13.3% margin

EPS (Diluted)

$0.11

QoQ Revenue Growth

-2.5%

Cash Flow

Operating Cash Flow

$51M

Free Cash Flow

-$440M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$4.9B

Total Liabilities

$3.0B

Stockholders' Equity

$1.5B

Cash & Equivalents

$168M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$150M	$153M	-2.0%
Gross Profit	$84M	$83M	+1.8%
Operating Income	$25M	$27M	-8.9%
Net Income	$20M	$62M	-68.0%

Revenue Segments

Real Estate Commercial And Other Segment

$135M88%

Multiple Family Services Segment

$9M6%

Real Estate Multiple Family Segment

$9M6%