VRE Q3 2022 Earnings — Veris Residential, Inc. Revenue & Financial Results | Market Cap Arena

VREVeris Residential, Inc.

$2B

Q3 2022 Earnings

Real Estate REIT - Residential

Income Statement

Revenue

$91M+13.3% YoY

Gross Profit

$49M53.8% margin

Operating Income

$7M8.0% margin

Net Income

-$129M-141.3% margin

EPS (Diluted)

$-1.29

QoQ Revenue Growth

+61.4%

Cash Flow

Operating Cash Flow

$23M

Free Cash Flow

-$115M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$4.3B

Total Liabilities

$2.4B

Stockholders' Equity

$1.2B

Cash & Equivalents

$38M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$91M	$81M	+13.3%
Gross Profit	$49M	$45M	+9.7%
Operating Income	$7M	$34M	-78.1%
Net Income	-$129M	-$28M	-355.9%

Revenue Segments

Operating Leases

$78M85%

Parking

$5M5%

Hotel

$4M5%

Real Estate, Other

$3M4%

Real Estate Services

$886,0001%