VRE Q4 2019 Earnings — Veris Residential, Inc. Revenue & Financial Results | Market Cap Arena

VREVeris Residential, Inc.

$2B

Q4 2019 Earnings

Real Estate REIT - Residential

Income Statement

Revenue

$87M-34.8% YoY

Gross Profit

$53M60.7% margin

Operating Income

-$29M-33.3% margin

Net Income

-$55M-63.1% margin

EPS (Diluted)

$-0.55

QoQ Revenue Growth

-34.3%

Cash Flow

Operating Cash Flow

$11M

Free Cash Flow

$11M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$5.3B

Total Liabilities

$3.1B

Stockholders' Equity

$1.5B

Cash & Equivalents

$26M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$87M	$133M	-34.8%
Gross Profit	$53M	$80M	-34.4%
Operating Income	-$29M	-$4M	-719.5%
Net Income	-$55M	$44M	-224.8%

Revenue Segments

Parking

$6M38%

Hotel

$4M28%

Real Estate Services

$3M21%

Real Estate Other

$2M13%