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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.
Vornado
Vornado
Vornado Revenue by Geographic Location
Revenue by Geographic Location
New York Revenue
CapyFin.com Forward Guidance
No specific forward guidance was provided in the press release.