Vornado Realty Trust Reports Small Profit in Q4 Earnings

Vornado Realty Trust (VNO) reports a fourth-quarter profit of $1.2 million or $0.01 per share, a significant improvement over last year's loss. This turnaround might positively influence investor sentiment towards the stock.

Date: 11-02-2025

AI Rating: 7

Earnings Per Share (EPS): Vornado reported a profit of $1.2 million, translating to $0.01 per share, a notable recovery from a net loss of $61 million or $0.32 per share during the same quarter last year. This improvement indicates the company's efforts to stabilize its financial position and might positively impact investor sentiment.

Funds From Operations: The quarter's Funds From Operations (FFO) was reported at $117.1 million or $0.58 per share, slightly down from $121.1 million or $0.62 per share last year. Although this shows a decline, the actual profit reported marks a significant turnaround from previous losses, suggesting that the overall operations are starting to yield returns.

Adjusted FFO: Adjusted FFO for the quarter was $122.2 million or $0.61 per share compared to $123.8 million or $0.63 per share from the prior year. This slight decline reflects cautious performance but continues to show overall positive operational efforts.

The earnings report highlights a key transition in Vornado's performance, with the positive net income contrasting sharply with last year's losses. While some metrics like FFO showed minor decreases, the return to profitability is a significant step forward.

Stocks: VNO