VRE Q4 2018 Earnings — Veris Residential, Inc. Revenue & Financial Results | Market Cap Arena

VREVeris Residential, Inc.

$2B

Q4 2018 Earnings

Real Estate REIT - Residential

Income Statement

Revenue

$133M-7.4% YoY

Gross Profit

$80M60.3% margin

Operating Income

-$4M-2.6% margin

Net Income

$44M33.0% margin

EPS (Diluted)

$0.45

QoQ Revenue Growth

+0.6%

Cash Flow

Operating Cash Flow

$41M

Free Cash Flow

$41M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$5.1B

Total Liabilities

$3.0B

Stockholders' Equity

$1.5B

Cash & Equivalents

$30M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$133M	$144M	-7.4%
Gross Profit	$80M	$85M	-5.1%
Operating Income	-$4M	$23M	-115.0%
Net Income	$44M	$3M	+1596.5%

Revenue Segments

Rental

$112M85%

Escalations And Recoveries From Tenants

$8M6%

Parking

$6M4%

Real Estate Services

$4M3%

Real Estate Other

$3M2%