VRE Q3 2021 Earnings — Veris Residential, Inc. Revenue & Financial Results | Market Cap Arena

VREVeris Residential, Inc.

$2B

Q3 2021 Earnings

Real Estate REIT - Residential

Income Statement

Revenue

$81M+3.8% YoY

Gross Profit

$45M55.6% margin

Operating Income

$34M41.6% margin

Net Income

-$28M-35.1% margin

EPS (Diluted)

$-0.28

QoQ Revenue Growth

-0.8%

Cash Flow

Operating Cash Flow

$13M

Free Cash Flow

-$4M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$4.6B

Total Liabilities

$2.6B

Stockholders' Equity

$1.3B

Cash & Equivalents

$23M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$81M	$78M	+3.8%
Gross Profit	$45M	$41M	+9.3%
Operating Income	$34M	-$20M	+270.9%
Net Income	-$28M	-$42M	+32.9%

Revenue Segments

Parking

$4M34%

Hotel

$3M26%

Real Estate Services

$3M23%

Real Estate Other

$2M17%