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Mar 31, 2022
Vornado Q1 2022 Earnings Report
Vornado reported financial results for Q1 2022.
Key Takeaways
Vornado Realty Trust reported a net income attributable to common shareholders of $26.478 million, or $0.14 per diluted share, for the quarter ended March 31, 2022. Adjusted net income was $31.682 million, or $0.16 per diluted share. FFO attributable to common shareholders plus assumed conversions was $154.908 million, or $0.80 per diluted share.
Net income attributable to common shareholders was $26.478 million, or $0.14 per diluted share.
Adjusted net income attributable to common shareholders was $31.682 million, or $0.16 per diluted share.
FFO attributable to common shareholders plus assumed conversions was $154.908 million, or $0.80 per diluted share.
Same store NOI at share increased by 3.1% compared to March 31, 2021.
Revenue by Geographic Location
Forward Guidance
The company expects to close the sale of the Center Building in the third quarter of 2022 and recognize a financial statement gain of approximately $15,000,000 and a tax gain of approximately $74,000,000.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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