VRE Q2 2018 Earnings — Veris Residential, Inc. Revenue & Financial Results | Market Cap Arena

VREVeris Residential, Inc.

$2B

Q2 2018 Earnings

Real Estate REIT - Residential

Income Statement

Revenue

$127M-22.2% YoY

Gross Profit

$74M58.3% margin

Operating Income

$19M14.9% margin

Net Income

-$1M-1.0% margin

EPS (Diluted)

$-0.01

QoQ Revenue Growth

-8.9%

Cash Flow

Operating Cash Flow

$25M

Free Cash Flow

$25M

Stock-Based Comp.

$783,000

Balance Sheet

Total Assets

$4.9B

Total Liabilities

$2.9B

Stockholders' Equity

$1.5B

Cash & Equivalents

$30M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$127M	$163M	-22.2%
Gross Profit	$74M	$98M	-24.9%
Operating Income	$19M	$28M	-32.4%
Net Income	-$1M	-$37M	+96.6%

Revenue Segments

Rental

$104M82%

Escalations And Recoveries From Tenants

$10M8%

Parking

$6M5%

Real Estate Services

$4M3%

Real Estate Other

$3M2%