VRE Q3 2018 Earnings — Veris Residential, Inc. Revenue & Financial Results | Market Cap Arena

VREVeris Residential, Inc.

$2B

Q3 2018 Earnings

Real Estate REIT - Residential

Income Statement

Revenue

$132M-17.4% YoY

Gross Profit

$75M56.7% margin

Operating Income

$18M13.2% margin

Net Income

-$1M-1.1% margin

EPS (Diluted)

$-0.01

QoQ Revenue Growth

+4.4%

Cash Flow

Operating Cash Flow

$44M

Free Cash Flow

$44M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$5.0B

Total Liabilities

$3.1B

Stockholders' Equity

$1.5B

Cash & Equivalents

$11M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$132M	$160M	-17.4%
Gross Profit	$75M	$95M	-20.9%
Operating Income	$18M	$29M	-40.1%
Net Income	-$1M	$38M	-103.9%

Revenue Segments

Rental

$107M81%

Escalations And Recoveries From Tenants

$13M10%

Parking

$5M4%

Real Estate Services

$4M3%

Real Estate Other

$2M2%