VRE Q1 2021 Earnings — Veris Residential, Inc. Revenue & Financial Results | Market Cap Arena

VREVeris Residential, Inc.

$2B

Q1 2021 Earnings

Real Estate REIT - Residential

Income Statement

Revenue

$76M-7.3% YoY

Gross Profit

$41M54.4% margin

Operating Income

-$760,000-1.0% margin

Net Income

$8M10.0% margin

EPS (Diluted)

$0.06

QoQ Revenue Growth

-6.3%

Cash Flow

Operating Cash Flow

$26M

Free Cash Flow

$26M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$5.2B

Total Liabilities

$3.1B

Stockholders' Equity

$1.4B

Cash & Equivalents

$262M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$76M	$82M	-7.3%
Gross Profit	$41M	$47M	-12.8%
Operating Income	-$760,000	-$2M	+64.4%
Net Income	$8M	-$40M	+119.1%

Revenue Segments

Real Estate Other

$4M35%

Parking

$3M30%

Real Estate Services

$3M24%

Hotel

$1M10%