VRE Q3 2024 Earnings — Veris Residential, Inc. Revenue & Financial Results | Market Cap Arena

VREVeris Residential, Inc.

$2B

Q3 2024 Earnings

Real Estate REIT - Residential

Income Statement

Revenue

$68M+2.6% YoY

Gross Profit

$44M63.9% margin

Operating Income

$13M19.7% margin

Net Income

-$10M-14.2% margin

EPS (Diluted)

$-0.10

QoQ Revenue Growth

+1.0%

Cash Flow

Operating Cash Flow

$14M

Free Cash Flow

$14M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$3.0B

Total Liabilities

$1.7B

Stockholders' Equity

$1.1B

Cash & Equivalents

$13M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$68M	$66M	+2.6%
Gross Profit	$44M	$38M	+14.6%
Operating Income	$13M	$0	—
Net Income	-$10M	-$55M	+82.3%

Revenue Segments

Operating Leases

$62M91%

Parking

$4M6%

Real Estate, Other

$1M2%

Management Fees

$794,0001%