VRE Q2 2017 Earnings — Veris Residential, Inc. Revenue & Financial Results | Market Cap Arena

VREVeris Residential, Inc.

$2B

Q2 2017 Earnings

Real Estate REIT - Residential

Income Statement

Revenue

$163M+9.1% YoY

Gross Profit

$98M60.3% margin

Operating Income

$28M17.2% margin

Net Income

-$37M-22.9% margin

EPS (Diluted)

$-0.37

QoQ Revenue Growth

+8.6%

Cash Flow

Operating Cash Flow

$52M

Free Cash Flow

-$172M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$5.1B

Total Liabilities

$3.2B

Stockholders' Equity

$1.5B

Cash & Equivalents

$22M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$163M	$149M	+9.1%
Gross Profit	$98M	$86M	+14.7%
Operating Income	$28M	$27M	+2.1%
Net Income	-$37M	$48M	-177.1%

Revenue Segments

Real Estate Commercial And Other Segment

$139M87%

Real Estate Multiple Family Segment

$17M11%

Multiple Family Services Segment

$4M2%