VRE Q3 2019 Earnings — Veris Residential, Inc. Revenue & Financial Results | Market Cap Arena

VREVeris Residential, Inc.

$2B

Q3 2019 Earnings

Real Estate REIT - Residential

Income Statement

Revenue

$132M-0.2% YoY

Gross Profit

$77M58.1% margin

Operating Income

$14M11.0% margin

Net Income

-$56M-42.4% margin

EPS (Diluted)

$-0.56

QoQ Revenue Growth

+1.1%

Cash Flow

Operating Cash Flow

$52M

Free Cash Flow

$52M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$5.7B

Total Liabilities

$3.4B

Stockholders' Equity

$1.6B

Cash & Equivalents

$35M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$132M	$132M	-0.2%
Gross Profit	$77M	$75M	+2.2%
Operating Income	$14M	$18M	-17.3%
Net Income	-$56M	-$1M	-3684.0%

Revenue Segments

Parking

$6M38%

Real Estate Services

$3M22%

Hotel

$3M22%

Real Estate Other

$3M18%