VRE Q2 2019 Earnings — Veris Residential, Inc. Revenue & Financial Results | Market Cap Arena

VREVeris Residential, Inc.

$2B

Q2 2019 Earnings

Real Estate REIT - Residential

Income Statement

Revenue

$130M+3.1% YoY

Gross Profit

$76M58.5% margin

Operating Income

$10M7.6% margin

Net Income

-$22M-16.9% margin

EPS (Diluted)

$-0.22

QoQ Revenue Growth

-2.8%

Cash Flow

Operating Cash Flow

$23M

Free Cash Flow

$23M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$5.3B

Total Liabilities

$3.0B

Stockholders' Equity

$1.6B

Cash & Equivalents

$61M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$130M	$127M	+3.1%
Gross Profit	$76M	$74M	+3.4%
Operating Income	$10M	$19M	-47.4%
Net Income	-$22M	-$1M	-1662.9%

Revenue Segments

Parking

$6M41%

Real Estate Services

$4M26%

Real Estate Other

$2M18%

Hotel

$2M15%