VRE Q2 2022 Earnings — Veris Residential, Inc. Revenue & Financial Results | Market Cap Arena

VREVeris Residential, Inc.

$2B

Q2 2022 Earnings

Real Estate REIT - Residential

Income Statement

Revenue

$57M-30.3% YoY

Gross Profit

$31M54.4% margin

Operating Income

$19M34.0% margin

Net Income

$26M46.6% margin

EPS (Diluted)

$0.20

QoQ Revenue Growth

-42.9%

Cash Flow

Operating Cash Flow

$14M

Free Cash Flow

-$5M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$4.3B

Total Liabilities

$2.3B

Stockholders' Equity

$1.3B

Cash & Equivalents

$29M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$57M	$81M	-30.3%
Gross Profit	$31M	$44M	-29.4%
Operating Income	$19M	-$3M	+668.1%
Net Income	$26M	-$81M	+132.6%

Revenue Segments

Operating Leases

$68M86%

Parking

$5M6%

Hotel

$5M6%

Real Estate, Other

$1M1%

Real Estate Services

$897,0001%