The latest update is out from Vornado Realty ( (VNO) ).
On April 8, 2025, Vornado Realty Trust reported its financial results for the year ended December 31, 2024, revealing a significant decline in net income attributable to common shares, which fell to $8.3 million from $43.4 million in the previous year. The company’s Funds from Operations (FFO), as Adjusted, also decreased by $61.1 million, reflecting challenges in tenant-related income and increased net interest expenses. Despite these declines, Vornado’s New York portfolio remains a substantial contributor to its net operating income, accounting for 89.2% of the total. The report highlights the impact of one-time events and adjustments on financial performance, underscoring the company’s ongoing efforts to navigate a complex real estate market.
Spark’s Take on VNO Stock
According to Spark, TipRanks’ AI Analyst, VNO is a Neutral.
Vornado Realty’s stock is weighed down by profitability challenges and high leverage, despite stable cash flows and positive leasing activity in New York. The technical indicators and high valuation raise concerns, while the earnings call highlights both strategic successes and short-term financial pressures.
To see Spark’s full report on VNO stock, click here.
More about Vornado Realty
Vornado Realty Trust is a prominent real estate investment trust (REIT) that specializes in the ownership and management of office, retail, and residential properties, primarily focusing on the New York City metropolitan area.
YTD Price Performance: -23.42%
Average Trading Volume: 1,394,166
Technical Sentiment Signal: Buy
Current Market Cap: $12.6B
See more data about VNO stock on TipRanks’ Stock Analysis page.