VRE Q1 2018 Earnings — Veris Residential, Inc. Revenue & Financial Results | Market Cap Arena

VREVeris Residential, Inc.

$2B

Q1 2018 Earnings

Real Estate REIT - Residential

Income Statement

Revenue

$139M-7.3% YoY

Gross Profit

$78M55.8% margin

Operating Income

$20M14.5% margin

Net Income

$43M31.0% margin

EPS (Diluted)

$0.45

QoQ Revenue Growth

-3.2%

Cash Flow

Operating Cash Flow

$57M

Free Cash Flow

$57M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$4.8B

Total Liabilities

$2.9B

Stockholders' Equity

$1.5B

Cash & Equivalents

$25M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$139M	$150M	-7.3%
Gross Profit	$78M	$84M	-7.7%
Operating Income	$20M	$25M	-18.7%
Net Income	$43M	$20M	+116.5%

Revenue Segments

Rental

$113M81%

Escalations And Recoveries From Tenants

$13M9%

Parking

$5M4%

Real Estate Services

$5M3%

Real Estate Other

$3M2%