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Sep 30, 2024
Vornado Q3 2024 Earnings Report
Vornado's financial performance for Q3 2024 resulted in a net loss, but FFO, as adjusted, remained positive.
Key Takeaways
Vornado Realty Trust reported a net loss attributable to common shareholders for the quarter ended September 30, 2024. However, Funds From Operations (FFO) attributable to common shareholders plus assumed conversions, as adjusted, was positive, although lower than the prior year's quarter.
Net loss attributable to common shareholders was $19.154 million, or $0.10 per diluted share.
FFO attributable to common shareholders plus assumed conversions was $99.256 million, or $0.50 per diluted share.
FFO attributable to common shareholders plus assumed conversions, as adjusted, was $102.755 million, or $0.52 per diluted share.
The company continued to engage in financing activities, including refinancing and extending mortgage loans.
Revenue by Geographic Location
Forward Guidance
The company will host a quarterly earnings conference call and an audio webcast on Tuesday, November 5, 2024 at 10:00 a.m. Eastern Time (ET).
Historical Earnings Impact
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Avg. Return Before/After Earnings
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