VREVeris Residential, Inc.

$2B

Q4 2024 Earnings

Real Estate REIT - Residential

Income Statement

Revenue

$68M+1.0% YoY

Gross Profit

$39M57.6% margin

Operating Income

$8M11.7% margin

Net Income

-$12M-18.3% margin

EPS (Diluted)

$-0.13

QoQ Revenue Growth

-0.1%

Cash Flow

Operating Cash Flow

$16M

Free Cash Flow

$8M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$3.0B

Total Liabilities

$1.7B

Stockholders' Equity

$1.1B

Cash & Equivalents

$7M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$68M	$67M	+1.0%
Gross Profit	$39M	$38M	+2.7%
Operating Income	$8M	$28M	-71.7%
Net Income	-$12M	-$5M	-146.4%

Revenue Segments

Operating Leases

$123M90%

Parking

$8M6%

Real Estate, Other

$4M3%

Management Fees

$3M2%

VRE Q4 2024 Earnings — Veris Residential, Inc. Revenue & Financial Results | Market Cap Arena