VRE Q4 2023 Earnings — Veris Residential, Inc. Revenue & Financial Results | Market Cap Arena

VREVeris Residential, Inc.

$2B

Q4 2023 Earnings

Real Estate REIT - Residential

Income Statement

Revenue

$67M+1.8% YoY

Gross Profit

$38M56.6% margin

Operating Income

$28M41.8% margin

Net Income

-$5M-7.5% margin

EPS (Diluted)

$-0.05

QoQ Revenue Growth

+1.4%

Cash Flow

Operating Cash Flow

$12M

Free Cash Flow

$10M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$3.2B

Total Liabilities

$1.9B

Stockholders' Equity

$1.1B

Cash & Equivalents

$28M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$67M	$66M	+1.8%
Gross Profit	$38M	$36M	+7.1%
Operating Income	$28M	$23M	+20.4%
Net Income	-$5M	$32M	-115.8%

Revenue Segments

Operating Leases

$66M91%

Parking

$4M6%

Real Estate, Other

$1M2%

Real Estate Services

$1M1%