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Investors need to pay close attention to Vornado Realty Trust (VNO) stock based on the movements in the options market lately.
Vornado Realty Trust reported mixed earnings for the first quarter, with strong leasing activity in their portfolio and ALX. Occupancy rates for VNO's portfolio remain below 90%, and same-store net operating income is trending downward. We explore VNO's first quarter earnings and compare them against the broader market.
Vornado's (VNO) Q1 results reflect lower-than-anticipated revenues despite decent leasing activity. The total same-store NOI declined across the portfolio.
The headline numbers for Vornado (VNO) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Vornado (VNO) came out with quarterly funds from operations (FFO) of $0.55 per share, missing the Zacks Consensus Estimate of $0.58 per share. This compares to FFO of $0.60 per share a year ago.
NEW YORK, April 25, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that it will file its quarterly report on Form 10-Q for the quarter ended March 31, 2024 with the U.S. Securities and Exchange Commission and issue its first quarter earnings release on Monday, May 6, 2024, after the New York Stock Exchange has closed. The Company will host a quarterly earnings conference call and an audio webcast on Tuesday, May 7, 2024 at 10:00 a.m. Eastern Time (ET).
Are real estate stocks heading for a tumble? Increasingly, short sellers are betting that real estate is in for a difficult time in 2024 and beyond.
Vornado Realty (VNO) is well-poised to gain from its high-quality assets. However, the overall choppy office real estate landscape and high interest rates are woes.
Vornado Realty Trust (VNO) Q4 2023 Earnings Call Transcript
Vornado's (VNO) Q4 results reflect lower-than-anticipated revenues despite decent leasing activity. The total same-store NOI declined across the portfolio.