VRE Q2 2023 Earnings — Veris Residential, Inc. Revenue & Financial Results | Market Cap Arena

VREVeris Residential, Inc.

$2B

Q2 2023 Earnings

Real Estate REIT - Residential

Income Statement

Revenue

$69M+21.4% YoY

Gross Profit

$40M58.3% margin

Operating Income

-$27M-39.0% margin

Net Income

-$27M-39.9% margin

EPS (Diluted)

$-0.27

QoQ Revenue Growth

+2.7%

Cash Flow

Operating Cash Flow

$3M

Free Cash Flow

-$658,000

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$3.8B

Total Liabilities

$2.4B

Stockholders' Equity

$1.2B

Cash & Equivalents

$397M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$69M	$57M	+21.4%
Gross Profit	$40M	$31M	+30.1%
Operating Income	-$27M	$19M	-239.1%
Net Income	-$27M	$26M	-204.0%

Revenue Segments

Operating Leases

$62M90%

Parking

$5M7%

Real Estate, Other

$1M2%

Real Estate Services

$643,0001%