VRE Q2 2021 Earnings — Veris Residential, Inc. Revenue & Financial Results | Market Cap Arena

VREVeris Residential, Inc.

$2B

Q2 2021 Earnings

Real Estate REIT - Residential

Income Statement

Revenue

$81M+11.8% YoY

Gross Profit

$44M53.6% margin

Operating Income

-$3M-4.2% margin

Net Income

-$81M-99.7% margin

EPS (Diluted)

$-0.81

QoQ Revenue Growth

+6.8%

Cash Flow

Operating Cash Flow

$2M

Free Cash Flow

$2M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$4.6B

Total Liabilities

$2.6B

Stockholders' Equity

$1.3B

Cash & Equivalents

$38M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$81M	$73M	+11.8%
Gross Profit	$44M	$40M	+8.3%
Operating Income	-$3M	-$4M	+21.9%
Net Income	-$81M	-$35M	-132.2%

Revenue Segments

Real Estate Other

$4M29%

Parking

$3M28%

Hotel

$3M22%

Real Estate Services

$3M21%