Vornado Q4 2023 Earnings Report
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.
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Vornado 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.