VRE Q2 2024 Earnings — Veris Residential, Inc. Revenue & Financial Results | Market Cap Arena

VREVeris Residential, Inc.

$2B

Q2 2024 Earnings

Real Estate REIT - Residential

Income Statement

Revenue

$67M-1.8% YoY

Gross Profit

$39M58.1% margin

Operating Income

$10M14.7% margin

Net Income

$3M4.3% margin

EPS (Diluted)

$0.03

QoQ Revenue Growth

+0.2%

Cash Flow

Operating Cash Flow

$11M

Free Cash Flow

$11M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$3.0B

Total Liabilities

$1.8B

Stockholders' Equity

$1.1B

Cash & Equivalents

$18M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$67M	$69M	-1.8%
Gross Profit	$39M	$40M	-2.2%
Operating Income	$10M	-$27M	+136.9%
Net Income	$3M	-$27M	+110.7%

Revenue Segments

Operating Leases

$61M90%

Parking

$4M6%

Real Estate, Other

$2M3%

Real Estate Services

$871,0001%