VRE Q1 2020 Earnings — Veris Residential, Inc. Revenue & Financial Results | Market Cap Arena

VREVeris Residential, Inc.

$2B

Q1 2020 Earnings

Real Estate REIT - Residential

Income Statement

Revenue

$82M-38.9% YoY

Gross Profit

$47M57.9% margin

Operating Income

-$2M-2.6% margin

Net Income

-$40M-48.7% margin

EPS (Diluted)

$-0.40

QoQ Revenue Growth

-5.3%

Cash Flow

Operating Cash Flow

$44M

Free Cash Flow

$44M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$5.3B

Total Liabilities

$3.1B

Stockholders' Equity

$1.4B

Cash & Equivalents

$25M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$82M	$134M	-38.9%
Gross Profit	$47M	$77M	-38.7%
Operating Income	-$2M	$16M	-113.2%
Net Income	-$40M	$244M	-116.3%

Revenue Segments

Parking

$5M45%

Real Estate Services

$3M26%

Real Estate Other

$2M15%

Hotel

$2M14%