https://assets.capyfin.com/instruments/678fdc13234e27009c5d5b82.png avatar
Vornado
🇺🇸 NYSE:VNO
View Company
OverviewEarningsDividends
•
Sep 30, 2022

Vornado Q3 2022 Earnings Report

Vornado's financial performance remained relatively stable, with slight decreases in net income and FFO compared to the previous year. The company focused on strategic dispositions and refinancings to optimize its portfolio and capital structure.

Key Takeaways

Vornado Realty Trust reported net income of $7.8 million, or $0.04 per diluted share, and non-GAAP net income of $37.4 million, or $0.19 per diluted share, for the quarter ended September 30, 2022. FFO was $152.5 million, or $0.79 per diluted share, and non-GAAP FFO was $157.4 million, or $0.81 per diluted share.

Net income attributable to common shareholders was $7.8 million, or $0.04 per diluted share.

Non-GAAP net income was $37.4 million, or $0.19 per diluted share.

FFO attributable to common shareholders plus assumed conversions was $152.5 million, or $0.79 per diluted share.

Non-GAAP FFO was $157.4 million, or $0.81 per diluted share.

Total Revenue
$457M
Previous year: $409M
+11.8%
EPS
$0.81
Previous year: $0.71
+14.1%
NY Office Occupancy
167,000%
The Mart Occupancy
67,000%
Previous year: 6,431,000%
-99.0%
555 California St Occupancy
154,000%
Previous year: 16,128,000%
-99.0%
Gross Profit
$236M
Previous year: $197M
+20.0%
Cash and Equivalents
$845M
Previous year: $2.13B
-60.3%
Total Assets
$17.2B
Previous year: $17.5B
-1.8%

Vornado

Vornado

Vornado Revenue by Geographic Location

Forward Guidance

No specific forward guidance was provided in the press release.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View Vornado