VRE Q3 2023 Earnings — Veris Residential, Inc. Revenue & Financial Results | Market Cap Arena

VREVeris Residential, Inc.

$2B

Q3 2023 Earnings

Real Estate REIT - Residential

Income Statement

Revenue

$66M-27.2% YoY

Gross Profit

$38M57.2% margin

Operating Income

$00.0% margin

Net Income

-$55M-82.5% margin

EPS (Diluted)

$-0.54

QoQ Revenue Growth

-3.3%

Cash Flow

Operating Cash Flow

$25M

Free Cash Flow

$22M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$3.3B

Total Liabilities

$2.0B

Stockholders' Equity

$1.1B

Cash & Equivalents

$17M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$66M	$91M	-27.2%
Gross Profit	$38M	$49M	-22.7%
Operating Income	$0	$7M	-100.0%
Net Income	-$55M	-$129M	+57.5%

Revenue Segments

Operating Leases

$64M90%

Parking

$5M7%

Real Estate, Other

$1M2%

Real Estate Services

$1M2%