VRE Q1 2019 Earnings — Veris Residential, Inc. Revenue & Financial Results | Market Cap Arena

VREVeris Residential, Inc.

$2B

Q1 2019 Earnings

Real Estate REIT - Residential

Income Statement

Revenue

$134M-3.4% YoY

Gross Profit

$77M57.7% margin

Operating Income

$16M12.0% margin

Net Income

$244M182.1% margin

EPS (Diluted)

$2.66

QoQ Revenue Growth

+1.0%

Cash Flow

Operating Cash Flow

$46M

Free Cash Flow

$46M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$5.3B

Total Liabilities

$3.0B

Stockholders' Equity

$1.7B

Cash & Equivalents

$12M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$134M	$139M	-3.4%
Gross Profit	$77M	$78M	-0.1%
Operating Income	$16M	$20M	-20.1%
Net Income	$244M	$43M	+468.1%

Revenue Segments

Parking

$5M44%

Real Estate Services

$4M34%

Real Estate Other

$2M19%

Hotel

$283,0003%