VRE Q4 2021 Earnings — Veris Residential, Inc. Revenue & Financial Results | Market Cap Arena

VREVeris Residential, Inc.

$2B

Q4 2021 Earnings

Real Estate REIT - Residential

Income Statement

Revenue

$88M+8.7% YoY

Gross Profit

$49M55.9% margin

Operating Income

$909,0001.0% margin

Net Income

-$29M-32.7% margin

EPS (Diluted)

$-0.29

QoQ Revenue Growth

+9.5%

Cash Flow

Operating Cash Flow

$15M

Free Cash Flow

$15M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$4.5B

Total Liabilities

$2.6B

Stockholders' Equity

$1.3B

Cash & Equivalents

$32M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$88M	$81M	+8.7%
Gross Profit	$49M	$43M	+13.5%
Operating Income	$909,000	$3M	-64.6%
Net Income	-$29M	$66M	-144.0%

Revenue Segments

Parking

$4M43%

Hotel

$4M36%

Real Estate Other

$2M21%