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Dec 31, 2021

Vornado Q4 2021 Earnings Report

Reported financial results for the fourth quarter of 2021.

Key Takeaways

Vornado Realty Trust reported net income attributable to common shareholders of $11.3 million, or $0.06 per diluted share, for the quarter ended December 31, 2021. Adjusted non-GAAP net income was $23 million, or $0.12 per diluted share. FFO attributable to common shareholders plus assumed conversions (non-GAAP) was $141 million, or $0.73 per diluted share, and as adjusted (non-GAAP) was $156.1 million, or $0.81 per diluted share.

Net income attributable to common shareholders for the quarter was $11,269,000, or $0.06 per diluted share.

Adjusted net income attributable to common shareholders (non-GAAP) was $22,977,000, or $0.12 per diluted share.

FFO attributable to common shareholders plus assumed conversions (non-GAAP) was $141,017,000, or $0.73 per diluted share.

Adjusted FFO attributable to common shareholders plus assumed conversions (non-GAAP) was $156,130,000, or $0.81 per diluted share.

Total Revenue
$421M
Previous year: $376M
+11.9%
EPS
$0.81
Previous year: $0.66
+22.7%
Gross Profit
$218M
Previous year: $187M
+16.5%
Cash and Equivalents
$1.76B
Previous year: $1.62B
+8.4%
Total Assets
$17.3B
Previous year: $16.2B
+6.4%

Vornado

Vornado

Vornado Revenue by Geographic Location

Forward Guidance

The Company will host a quarterly earnings conference call and an audio webcast on Tuesday, February 15, 2022 at 10:00 a.m. Eastern Time (ET).