VRE Q4 2020 Earnings — Veris Residential, Inc. Revenue & Financial Results | Market Cap Arena

VREVeris Residential, Inc.

$2B

Q4 2020 Earnings

Real Estate REIT - Residential

Income Statement

Revenue

$81M-6.3% YoY

Gross Profit

$43M53.5% margin

Operating Income

$3M3.2% margin

Net Income

$66M80.8% margin

EPS (Diluted)

$0.66

QoQ Revenue Growth

+4.6%

Cash Flow

Operating Cash Flow

$9M

Free Cash Flow

$9M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$5.1B

Total Liabilities

$3.0B

Stockholders' Equity

$1.4B

Cash & Equivalents

$38M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$81M	$87M	-6.3%
Gross Profit	$43M	$53M	-17.5%
Operating Income	$3M	-$29M	+108.9%
Net Income	$66M	-$55M	+220.1%

Revenue Segments

Parking

$3M35%

Real Estate Services

$3M30%

Real Estate Other

$2M25%

Hotel

$997,00011%