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Jun 30, 2022

Vornado Q2 2022 Earnings Report

Reported financial results for the second quarter of 2022.

Key Takeaways

Vornado Realty Trust reported a net income attributable to common shareholders of $50.418 million, or $0.26 per diluted share, for the quarter ended June 30, 2022. FFO attributable to common shareholders plus assumed conversions was $154.965 million, or $0.80 per diluted share.

Net income attributable to common shareholders for the quarter ended June 30, 2022 was $50,418,000, or $0.26 per diluted share.

Net income attributable to common shareholders, as adjusted (non-GAAP) for the quarter ended June 30, 2022 was $37,403,000, or $0.19 per diluted share.

FFO attributable to common shareholders plus assumed conversions (non-GAAP) for the quarter ended June 30, 2022 was $154,965,000, or $0.80 per diluted share.

FFO attributable to common shareholders plus assumed conversions, as adjusted (non-GAAP) for the quarter ended June 30, 2022 was $160,059,000, or $0.83 per diluted share.

Total Revenue
$453M
Previous year: $379M
+19.7%
EPS
$0.83
Previous year: $0.69
+20.3%
Gross Profit
$231M
Previous year: $188M
+23.0%
Cash and Equivalents
$988M
Previous year: $2.17B
-54.5%
Total Assets
$17.2B
Previous year: $16.7B
+3.0%

Vornado

Vornado

Forward Guidance

No forward guidance was provided in the release.