Vornado Realty Trust (VNO)
Vornado (VNO) Down 16.7% Since Last Earnings Report: Can It Rebound?
Vornado (VNO) reported earnings 30 days ago. What's next for the stock?
Vornado Realty Dips As Manhattan Office Leasing Moves Up
Vornado Realty saw its New York occupancy rate reach 90% to end 2025, a material 250 basis point rise from the third quarter. The REIT saw FFO per share decline by 2 cents year-over-year to $0.56 per share, with revenue beating consensus in the fourth quarter. The Series O Preferreds currently pay out a 7.4% current yield and are trading for $15.10 per share.
Vornado Realty: Reviewing The 7%+ Preferreds After The Latest Earnings
Vornado Realty Trust maintains stable financial and credit metrics, with total assets of ~$15.5B and debt of ~$7.94B. VNO's market-adjusted asset yield is 4.5%, and its expected AFFO yield is 5.05%, among the sector's highest forward P/AFFOs. Credit ratings remain unchanged: Moody's Ba1, Fitch BB+, and S&P BBB-, with market-adjusted metrics supporting a Ba1 rating.
Vornado Realty Trust (VNO) Q4 2025 Earnings Call Transcript
Vornado Realty Trust (VNO) Q4 2025 Earnings Call Transcript
Vornado Realty's Q4 FFO Misses Estimates, Revenues Decrease Y/Y
VNO's Q4 FFO misses estimates and falls year over year, while revenues top estimates but slip slightly amid decent leasing activity.
Compared to Estimates, Vornado (VNO) Q4 Earnings: A Look at Key Metrics
The headline numbers for Vornado (VNO) give insight into how the company performed in the quarter ended December 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Vornado (VNO) Misses Q4 FFO Estimates
Vornado (VNO) came out with quarterly funds from operations (FFO) of $0.55 per share, missing the Zacks Consensus Estimate of $0.57 per share. This compares to FFO of $0.61 per share a year ago.
Should VNO Stock Be in Your Portfolio Ahead of Q4 Earnings?
VNO heads into Q4 2025 earnings, with revenue and FFO declines expected, as intense competition in office markets pressures growth despite demand recovery.
How Vornado Is Expanding in Manhattan While Strengthening Liquidity
VNO expands in Manhattan with a $141 Million Plaza District site buy while extending debt maturities.
Vornado Realty Trust: 7.5% From The Preferred Stocks Is Tempting
Vornado Realty Trust is a leading REIT with a diverse portfolio of office, retail, marketplace, and residential properties in New York. VNO's preferred shares, especially VNO.PR.O, offer yields above 7% and present a compelling risk-return profile compared to peers and OTC bonds. Credit ratings for VNO and its preferreds are non-investment grade but remain competitive within the sector, supported by strong asset coverage and stable cash flows.
Vornado Realty: Manhattan Office Space Becomes A Hot Commodity
Manhattan saw 3.73 million square feet of positive net office absorption in the third quarter, with VNO's occupancy rate set to move into the low 90s next year. Third quarter revenue and FFO beat consensus, with FFO of $0.58 per share, growing from $0.50 per share a year ago. The Series O Preferreds are trading at a 42% discount to their liquidation value per share and offer a current yield of 7.64%.
Vornado Realty Trust (VNO) Q3 2025 Earnings Call Transcript
Vornado Realty Trust ( VNO ) Q3 2025 Earnings Call November 4, 2025 10:00 AM EST Company Participants Steven Borenstein - Executive VP, Corporation Counsel & Secretary Steven Roth - Chairman of the Board & CEO Michael Franco - President & CFO Glen Weiss - Executive VP of Office Leasing & Co-Head of Real Estate Barry Langer - Executive VP of Development & Co-Head of Real Estate Thomas Sanelli - Executive VP of Finance & Chief Administrative Officer Conference Call Participants Steve Sakwa - Evercore ISI Institutional Equities, Research Division Floris Gerbrand Van Dijkum - Ladenburg Thalmann & Co. Inc., Research Division John Kim - BMO Capital Markets Equity Research Dylan Burzinski - Green Street Advisors, LLC, Research Division Alexander Goldfarb - Piper Sandler & Co., Research Division Jana Galan - BofA Securities, Research Division Seth Bergey - Citigroup Inc., Research Division Michael Lewis - Truist Securities, Inc., Research Division Vikram Malhotra - Mizuho Securities USA LLC, Research Division Nicholas Yulico - Scotiabank Global Banking and Markets, Research Division Ronald Kamdem - Morgan Stanley, Research Division Brendan Lynch - Barclays Bank PLC, Research Division Presentation Operator Good morning, and welcome to the Vornado Realty Trust Third Quarter of 2025 Earnings Call. My name is Joe, and I will be your operator on today's call.
