VRE Q2 2020 Earnings — Veris Residential, Inc. Revenue & Financial Results | Market Cap Arena

VREVeris Residential, Inc.

$2B

Q2 2020 Earnings

Real Estate REIT - Residential

Income Statement

Revenue

$73M-44.3% YoY

Gross Profit

$40M55.4% margin

Operating Income

-$4M-6.0% margin

Net Income

-$35M-48.0% margin

EPS (Diluted)

$-0.35

QoQ Revenue Growth

-11.5%

Cash Flow

Operating Cash Flow

$25M

Free Cash Flow

$25M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$5.4B

Total Liabilities

$3.3B

Stockholders' Equity

$1.4B

Cash & Equivalents

$26M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$73M	$130M	-44.3%
Gross Profit	$40M	$76M	-47.2%
Operating Income	-$4M	$10M	-143.6%
Net Income	-$35M	-$22M	-58.2%

Revenue Segments

Parking

$3M39%

Real Estate Services

$3M35%

Real Estate Other

$1M17%

Hotel

$772,00010%