Vornado Realty Trust (VNO)
Vornado Stock Gains 8.7% in a Month: Will This Trend Continue?
VNO stock jumps 8.7% in a month as strong leasing momentum, refinancing moves and portfolio shifts boost investor confidence.
Vornado (VNO) Up 1.2% Since Last Earnings Report: Can It Continue?
Vornado (VNO) reported earnings 30 days ago. What's next for the stock?
Vornado Stock Gains 6.7% in a Month: Will the Trend Last?
Tenants' healthy demand for premier office spaces and portfolio-repositioning initiatives is well-poised to support VNO's performance.
Vornado Realty Trust: What's With The Occupancy Dip
The New York office leasing market showed strong momentum in the first quarter, with the highest quarterly volume since 2014. The availability of Class A office space is shrinking, with 13 million square feet of office-to-residential conversions underway and new office supply truncated. VNO's fiscal 2025 first quarter revenue and FFO beat consensus estimates, as occupancy dipped to 83.5% following PENN 2 being placed into service.
Vornado Realty Trust (VNO) Q1 2025 Earnings Call Transcript
Vornado Realty Trust (NYSE:VNO ) Q1 2025 Earnings Conference Call May 6, 2025 10:00 AM ET Company Participants Steve Borenstein - EVP & Corporate Counsel Steven Roth - Chairman & CEO Michael Franco - President & CFO Glen Weiss - EVP, Office Leasing & Co-Head, Real Estate Barry Langer - EVP, Development & Co-Head, Real Estate Thomas Sanelli - EVP, Finance & CAO Conference Call Participants Steve Sakwa - Evercore ISI Dylan Burzinski - Green Street John Kim - BMO Capital Markets Floris van Dijkum - Compass Point Alexander Goldfarb - Piper Sandler Jana Galan - Bank of America Seth Bergey - Citi. Anthony Paolone - JPMorgan Caitlin Burrows - Goldman Sachs Ronald Kamdem - Morgan Stanley Nick Yulico - Scotiabank Operator Good morning, and welcome to the Vornado Realty Trust First Quarter 2025 Earnings Call.
Vornado's Q1 FFO & Revenues Beat Estimates, Same-Store NOI Rises
VNO's Q1 results reflect growth in same-store NOI, aided by higher leasing activity.
Compared to Estimates, Vornado (VNO) Q1 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Vornado (VNO) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Vornado (VNO) Tops Q1 FFO and Revenue Estimates
Vornado (VNO) came out with quarterly funds from operations (FFO) of $0.63 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to FFO of $0.55 per share a year ago.
Vornado's Retail JV Boosts Strength With $450M Financing
VNO's retail JV completes $450-million financing of 1535 Broadway.
Vornado (VNO) Surges 10.3%: Is This an Indication of Further Gains?
Vornado (VNO) was a big mover last session on higher-than-average trading volume. The latest trend in FFO per share estimate revisions might help the stock continue moving higher in the near term.
Vornado Realty: O Series Might Be The Best Option Right Now
The return-to-office trend has boosted Vornado Realty Trust's common shares, yet valuation concerns and a lower dividend yield likely make it a less attractive option. Vornado's 4.45% CUM PFD O shares offer an alternative, yielding 5%+ higher than Vornado's common shares. Moreover, O Series possesses less implied call and spread risk than other cumulative perpetuals. Some might reduce exposure to Vornado after its year-over-year run. However, reasons to maintain exposure to Vornado include, a systematic recovery in offices and optimism about PENN 2.
Vornado Realty Trust Q4 Earnings: If You Want Office, Buy The Best
The office market continues to struggle post-pandemic, with high vacancy rates and distressed assets, but top operators like VNO are showing resilience. VNO's strong Q4 2024 earnings and significant leasing activity in NYC indicate a potential market recovery, with shares appreciating over 70% in the past year. VNO's strategic share repurchases and operational efficiencies have contributed to its success, despite the broader market challenges and high vacancy rates in Manhattan.
