VRE Q1 2024 Earnings — Veris Residential, Inc. Revenue & Financial Results | Market Cap Arena

VREVeris Residential, Inc.

$2B

Q1 2024 Earnings

Real Estate REIT - Residential

Income Statement

Revenue

$67M+0.6% YoY

Gross Profit

$38M56.5% margin

Operating Income

$7M10.2% margin

Net Income

-$4M-5.8% margin

EPS (Diluted)

$-0.04

QoQ Revenue Growth

-0.1%

Cash Flow

Operating Cash Flow

$16M

Free Cash Flow

$16M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$3.2B

Total Liabilities

$1.9B

Stockholders' Equity

$1.1B

Cash & Equivalents

$113M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$67M	$67M	+0.6%
Gross Profit	$38M	$39M	-2.8%
Operating Income	$7M	$7M	-2.7%
Net Income	-$4M	-$24M	+84.0%

Revenue Segments

Operating Leases

$61M90%

Parking

$4M6%

Real Estate, Other

$2M3%

Real Estate Services

$922,0001%