VRE Q1 2022 Earnings — Veris Residential, Inc. Revenue & Financial Results | Market Cap Arena

VREVeris Residential, Inc.

$2B

Q1 2022 Earnings

Real Estate REIT - Residential

Income Statement

Revenue

$99M+30.2% YoY

Gross Profit

$62M62.1% margin

Operating Income

$15M15.5% margin

Net Income

-$14M-14.1% margin

EPS (Diluted)

$-0.14

QoQ Revenue Growth

+12.3%

Cash Flow

Operating Cash Flow

$32M

Free Cash Flow

$32M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$4.3B

Total Liabilities

$2.3B

Stockholders' Equity

$1.3B

Cash & Equivalents

$26M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$99M	$76M	+30.2%
Gross Profit	$62M	$41M	+48.7%
Operating Income	$15M	-$760,000	+2119.1%
Net Income	-$14M	$8M	-282.9%

Revenue Segments

Real Estate Other

$27M80%

Parking

$4M13%

Hotel

$1M4%

Real Estate Services

$910,0003%