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.