VRE Q4 2022 Earnings — Veris Residential, Inc. Revenue & Financial Results | Market Cap Arena

VREVeris Residential, Inc.

$2B

Q4 2022 Earnings

Real Estate REIT - Residential

Income Statement

Revenue

$66M-24.9% YoY

Gross Profit

$36M53.8% margin

Operating Income

$23M35.3% margin

Net Income

$32M48.1% margin

EPS (Diluted)

$0.19

QoQ Revenue Growth

-27.5%

Cash Flow

Operating Cash Flow

-$3M

Free Cash Flow

-$3M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$3.9B

Total Liabilities

$2.0B

Stockholders' Equity

$1.2B

Cash & Equivalents

$27M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$66M	$88M	-24.9%
Gross Profit	$36M	$49M	-27.7%
Operating Income	$23M	$909,000	+2475.5%
Net Income	$32M	-$29M	+210.3%

Revenue Segments

Operating Leases

$73M85%

Hotel

$5M6%

Parking

$5M6%

Real Estate, Other

$2M2%

Real Estate Services

$888,0001%