VREVeris Residential, Inc.

$2B

Q3 2020 Earnings

Real Estate REIT - Residential

Income Statement

Revenue

$78M-41.1% YoY

Gross Profit

$41M52.8% margin

Operating Income

-$20M-25.3% margin

Net Income

-$42M-54.4% margin

EPS (Diluted)

$-0.42

QoQ Revenue Growth

+6.9%

Cash Flow

Operating Cash Flow

$8M

Free Cash Flow

$8M

Stock-Based Comp.

$799,000

Balance Sheet

Total Assets

$5.2B

Total Liabilities

$3.2B

Stockholders' Equity

$1.3B

Cash & Equivalents

$23M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$78M	$132M	-41.1%
Gross Profit	$41M	$77M	-46.5%
Operating Income	-$20M	$14M	-235.6%
Net Income	-$42M	-$56M	+24.5%

Revenue Segments

Parking

$4M34%

Real Estate Other

$4M34%

Real Estate Services

$3M24%

Hotel

$893,0008%

VRE Q3 2020 Earnings — Veris Residential, Inc. Revenue & Financial Results | Market Cap Arena