Vornado Realty Trust Q4 net income falls, adjusted FFO declines

Reuters

Feb 10

$Vornado Realty Trust(VNO-N)$ Q4 net income falls, adjusted FFO declines

Overview

Real estate trust's Q4 net income fell to $601,000 from $1.2 mln last year
Adjusted FFO for Q4 decreased to $112.9 mln from $117.1 mln last year
Company acquired 3 East 54th Street for $141 mln

Outlook

Company did not provide specific financial guidance for future quarters or full year 2026 in its press release

Result Drivers

TERMINATION FEES - Decrease in adjusted FFO partly due to termination and recapture fees at 330 West 34th Street
NYU MASTER LEASE - Impact of NYU master lease at 770 Broadway contributed positively to FFO

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q4 Adjusted EPS		-$0.01
Q4 EPS		$0
Q4 Adjusted FFO		$112.93 mln
Q4 Adjusted FFO Per Share		$0.56

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 7 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the commercial reits peer group is "buy."
Wall Street's median 12-month price target for Vornado Realty Trust is $38.00, about 21.5% above its February 6 closing price of $31.27

Press Release: ID:nGNXBtvt4

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2610669121"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2610669121\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2610669121?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-02-10 05:40","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2610669121","market":"nz","top_or_hot":-1,"title":"Vornado Realty Trust Q4 net income falls, adjusted FFO declines","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>$Vornado Realty Trust(VNO-N)$ Q4 net income falls, adjusted FFO declines</title></head><body><p><span>Overview</span></p><ul><li><p>Real estate trust's Q4 net income fell to $601,000 from $1.2 mln last year</p></li><li><p>Adjusted FFO for Q4 decreased to $112.9 mln from $117.1 mln last year</p></li><li><p>Company acquired 3 East 54th Street for $141 mln</p></li></ul><p><span>Outlook</span></p><ul><li><p>Company did not provide specific financial guidance for future quarters or full year 2026 in its press release</p></li></ul><p><span>Result Drivers</span></p><ul><li><p>TERMINATION FEES - Decrease in adjusted FFO partly due to termination and recapture fees at 330 West 34th Street</p></li><li><p>NYU MASTER LEASE - Impact of NYU master lease at 770 Broadway contributed positively to FFO</p></li></ul><p><span>Key Details</span></p><table><tbody><tr><td><p><span>Metric</span></p></td><td><p><span>Beat/Miss</span></p></td><td><p><span>Actual</span></p></td><td><p><span>Consensus Estimate</span></p></td></tr><tr><td><p>Q4 Adjusted EPS</p></td><td></td><td><p>-$0.01</p></td><td></td></tr><tr><td><p>Q4 EPS</p></td><td></td><td><p>$0</p></td><td></td></tr><tr><td><p>Q4 Adjusted FFO</p></td><td></td><td><p>$112.93 mln</p></td><td></td></tr><tr><td><p>Q4 Adjusted FFO Per Share</p></td><td></td><td><p>$0.56</p></td><td></td></tr></tbody></table><p><span>Analyst Coverage</span></p><ul><li><p>The current average analyst rating on the shares is \"hold\" and the breakdown of recommendations is 4 \"strong buy\" or \"buy\", 7 \"hold\" and 3 \"sell\" or \"strong sell\"</p></li><li><p>The average consensus recommendation for the commercial reits peer group is \"buy.\"</p></li><li><p>Wall Street's median 12-month price target for <a href=\"https://laohu8.com/S/VNORP\">Vornado Realty Trust</a> is $38.00, about 21.5% above its February 6 closing price of $31.27</p></li></ul><p>Press Release: <span>ID:nGNXBtvt4</span></p><p>For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Vornado Realty Trust Q4 net income falls, adjusted FFO declines</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVornado Realty Trust Q4 net income falls, adjusted FFO declines\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-02-10 05:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>$Vornado Realty Trust(VNO-N)$ Q4 net income falls, adjusted FFO declines</title></head><body><p><span>Overview</span></p><ul><li><p>Real estate trust's Q4 net income fell to $601,000 from $1.2 mln last year</p></li><li><p>Adjusted FFO for Q4 decreased to $112.9 mln from $117.1 mln last year</p></li><li><p>Company acquired 3 East 54th Street for $141 mln</p></li></ul><p><span>Outlook</span></p><ul><li><p>Company did not provide specific financial guidance for future quarters or full year 2026 in its press release</p></li></ul><p><span>Result Drivers</span></p><ul><li><p>TERMINATION FEES - Decrease in adjusted FFO partly due to termination and recapture fees at 330 West 34th Street</p></li><li><p>NYU MASTER LEASE - Impact of NYU master lease at 770 Broadway contributed positively to FFO</p></li></ul><p><span>Key Details</span></p><table><tbody><tr><td><p><span>Metric</span></p></td><td><p><span>Beat/Miss</span></p></td><td><p><span>Actual</span></p></td><td><p><span>Consensus Estimate</span></p></td></tr><tr><td><p>Q4 Adjusted EPS</p></td><td></td><td><p>-$0.01</p></td><td></td></tr><tr><td><p>Q4 EPS</p></td><td></td><td><p>$0</p></td><td></td></tr><tr><td><p>Q4 Adjusted FFO</p></td><td></td><td><p>$112.93 mln</p></td><td></td></tr><tr><td><p>Q4 Adjusted FFO Per Share</p></td><td></td><td><p>$0.56</p></td><td></td></tr></tbody></table><p><span>Analyst Coverage</span></p><ul><li><p>The current average analyst rating on the shares is \"hold\" and the breakdown of recommendations is 4 \"strong buy\" or \"buy\", 7 \"hold\" and 3 \"sell\" or \"strong sell\"</p></li><li><p>The average consensus recommendation for the commercial reits peer group is \"buy.\"</p></li><li><p>Wall Street's median 12-month price target for <a href=\"https://laohu8.com/S/VNORP\">Vornado Realty Trust</a> is $38.00, about 21.5% above its February 6 closing price of $31.27</p></li></ul><p>Press Release: <span>ID:nGNXBtvt4</span></p><p>For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260209:nL1N3Z5139:1","article_id":"2610669121","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2610669121","pubTimestamp":1770673247,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Vornado Realty Trust Q4 net income falls, adjusted FFO declinesOverviewReal estate trust's Q4 net income fell to $601,000 from $1.2 mln last yearAdjusted FFO for Q4 decreased to $112.9 mln from $117.1","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4223":"办公室房地产信托","BK4588":"碎股","BK4194":"办公房地产投资信托","VNO":"沃那多房信"},"translate_title":"Vornado Realty Trust第四季度净利润下降，调整后FFO下降","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VNO":0.9},"content_text":"$Vornado Realty Trust(VNO-N)$ Q4 net income falls, adjusted FFO declinesOverviewReal estate trust's Q4 net income fell to $601,000 from $1.2 mln last yearAdjusted FFO for Q4 decreased to $112.9 mln from $117.1 mln last yearCompany acquired 3 East 54th Street for $141 mlnOutlookCompany did not provide specific financial guidance for future quarters or full year 2026 in its press releaseResult DriversTERMINATION FEES - Decrease in adjusted FFO partly due to termination and recapture fees at 330 West 34th StreetNYU MASTER LEASE - Impact of NYU master lease at 770 Broadway contributed positively to FFOKey DetailsMetricBeat/MissActualConsensus EstimateQ4 Adjusted EPS-$0.01Q4 EPS$0Q4 Adjusted FFO$112.93 mlnQ4 Adjusted FFO Per Share$0.56Analyst CoverageThe current average analyst rating on the shares is \"hold\" and the breakdown of recommendations is 4 \"strong buy\" or \"buy\", 7 \"hold\" and 3 \"sell\" or \"strong sell\"The average consensus recommendation for the commercial reits peer group is \"buy.\"Wall Street's median 12-month price target for Vornado Realty Trust is $38.00, about 21.5% above its February 6 closing price of $31.27Press Release: ID:nGNXBtvt4For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}