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Dec 31, 2023
Vornado Q4 2023 Earnings Report
Vornado reported mixed results for Q4 2023, with a net loss but positive FFO, as adjusted.
Key Takeaways
Vornado Realty Trust reported a net loss attributable to common shareholders of $61.013 million, or $0.32 per diluted share, for the quarter ended December 31, 2023. However, net income attributable to common shareholders, as adjusted (non-GAAP), was $8.040 million, or $0.04 per diluted share. FFO attributable to common shareholders plus assumed conversions (non-GAAP) was $121.105 million, or $0.62 per diluted share, while FFO as adjusted was $123.751 million, or $0.63 per diluted share.
Net loss attributable to common shareholders was $61.013 million, or $0.32 per diluted share.
Non-GAAP net income attributable to common shareholders was $8.040 million, or $0.04 per diluted share.
FFO attributable to common shareholders plus assumed conversions (non-GAAP) was $121.105 million, or $0.62 per diluted share.
Adjusted FFO attributable to common shareholders plus assumed conversions (non-GAAP) was $123.751 million, or $0.63 per diluted share.
Revenue by Geographic Location
Forward Guidance
Vornado anticipates that its common share dividend policy for 2024 will be to pay one common share dividend in the fourth quarter.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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