Vornado Realty Trust Past Earnings Performance

Past criteria checks 0/6

Vornado Realty Trust's earnings have been declining at an average annual rate of -75.7%, while the Office REITs industry saw earnings declining at 0.5% annually. Revenues have been growing at an average rate of 1.4% per year.

Key information

-75.7%

Earnings growth rate

-75.8%

EPS growth rate

Office REITs Industry Growth	4.8%
Revenue growth rate	1.4%
Return on equity	-1.4%
Net Margin	-2.9%
Last Earnings Update	30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Vornado Realty Trust makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

DB:VO7 Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	1,871	-54	158
30 Jun 24	1,879	18	158
31 Mar 24	1,874	29	159
31 Dec 23	1,884	43	163
30 Sep 23	1,893	-389	148
30 Jun 23	1,905	-434	142
31 Mar 23	1,891	-430	134
31 Dec 22	1,905	-409	134
30 Sep 22	1,905	96	136
30 Jun 22	1,858	126	133
31 Mar 22	1,789	123	132
31 Dec 21	1,705	101	135
30 Sep 21	1,653	-119	139
30 Jun 21	1,608	-104	146
31 Mar 21	1,555	-350	151
31 Dec 20	1,199	-349	182
30 Sep 20	1,695	53	160
30 Jun 20	1,797	323	161
31 Mar 20	1,925	2,921	165
31 Dec 19	2,004	3,098	170
30 Sep 19	2,066	3,005	163
30 Jun 19	2,124	2,872	162
31 Mar 19	2,188	583	157
31 Dec 18	2,173	384	142
30 Sep 18	2,167	310	144
30 Jun 18	2,103	138	146
31 Mar 18	2,109	125	146
31 Dec 17	2,096	175	151
30 Sep 17	2,239	291	153
30 Jun 17	2,258	313	152
31 Mar 17	2,077	566	148
31 Dec 16	2,178	419	144
30 Sep 16	2,102	505	154
30 Jun 16	2,231	629	157
31 Mar 16	2,483	444	166
31 Dec 15	1,967	456	149
30 Sep 15	2,478	445	175
30 Jun 15	2,400	329	179
31 Mar 15	2,282	212	180
31 Dec 14	2,317	198	169
30 Sep 14	2,139	-64	183
30 Jun 14	2,200	-54	187
31 Mar 14	2,291	-26	195
31 Dec 13	2,196	-176	177

Quality Earnings: VO7 is currently unprofitable.

Growing Profit Margin: VO7 is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: VO7 is unprofitable, and losses have increased over the past 5 years at a rate of 75.7% per year.

Accelerating Growth: Unable to compare VO7's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: VO7 is unprofitable, making it difficult to compare its past year earnings growth to the Office REITs industry (-11.7%).

Return on Equity

High ROE: VO7 has a negative Return on Equity (-1.38%), as it is currently unprofitable.

Vornado Realty Trust Past Earnings Performance

Past criteria checks 0/6

Key information

Recent past performance updates

Third quarter 2024 earnings released: US$0.019 loss per share (vs US$0.28 profit in 3Q 2023)

Second quarter 2024 earnings released: EPS: US$0.27 (vs US$0.24 in 2Q 2023)

First quarter 2024 earnings released: US$0.047 loss per share (vs US$0.027 profit in 1Q 2023)

Third quarter 2023 earnings released: EPS: US$0.28 (vs US$0.04 in 3Q 2022)

Vornado Realty Trust to Report Q3, 2024 Results on Nov 04, 2024

Second quarter 2023 earnings released: EPS: US$0.24 (vs US$0.26 in 2Q 2022)

Recent updates

Third quarter 2024 earnings released: US$0.019 loss per share (vs US$0.28 profit in 3Q 2023)

New minor risk - Share price stability

Second quarter 2024 earnings released: EPS: US$0.27 (vs US$0.24 in 2Q 2023)

Now 20% undervalued

Now 22% undervalued after recent price drop

Now 21% undervalued after recent price drop

Now 20% undervalued after recent price drop

Now 23% undervalued after recent price drop

First quarter 2024 earnings released: US$0.047 loss per share (vs US$0.027 profit in 1Q 2023)

New major risk - Revenue and earnings growth

New major risk - Revenue and earnings growth

Now 20% undervalued after recent price drop

Now 20% undervalued

New major risk - Revenue and earnings growth

Trustee recently sold €16m worth of stock

Independent Trustee recently sold €1.7m worth of stock

Vornado Realty Trust Declares Dividend, Payable on December 27, 2023

New minor risk - Share price stability

Third quarter 2023 earnings released: EPS: US$0.28 (vs US$0.04 in 3Q 2022)

Vornado Realty Trust Names Jason Kirschner Executive Vice President - Head of Capital Markets

Vornado Realty Trust to Report Q3, 2024 Results on Nov 04, 2024

Now 20% undervalued

Second quarter 2023 earnings released: EPS: US$0.24 (vs US$0.26 in 2Q 2022)

An unknown buyer entered into an agreement to acquire Four Manhattan Retail Properties from Vornado Realty Trust (NYSE:VNO).

Now 22% undervalued

First quarter 2023 earnings released: EPS: US$0.027 (vs US$0.14 in 1Q 2022)

Insufficient new directors

Now 21% undervalued after recent price drop

Full year 2022 earnings released: US$2.13 loss per share (vs US$0.53 profit in FY 2021)

Now 20% undervalued

Now 23% undervalued after recent price drop

Vornado Realty Trust Declares Quarterly Dividend, Payable on February 10, 2023

Third quarter 2022 earnings released: FFO per share: US$0.8 (vs US$0.83 in 3Q 2021)

Vornado Realty Trust Declares Quarterly Dividend on Common Shares, Payable on November 18, 2022

Vornado Realty Trust to Report Q3, 2023 Results on Oct 30, 2023

Second quarter 2022 earnings released: EPS: US$0.26 (vs US$0.25 in 2Q 2021)

Vornado Realty Trust Declares Quarterly Dividend on Common Shares, Payable on August 19, 2022

Vornado Trust Appoints Lauren Brust Moss as the Company’S Senior Vice President – Chief Sustainability Officer

An unknown buyer completed the acquisition of Center Building from Vornado Realty Trust (NYSE:VNO).

First quarter 2022 earnings released: EPS: US$0.14 (vs US$0.021 in 1Q 2021)

Vornado Realty Trust Declares Quarterly Dividend on Common Shares, Payable on May 20, 2022

Independent Trustee recently sold €4.6m worth of stock

Vornado Realty Trust, Annual General Meeting, May 19, 2022

Vornado Realty Trust Announces Board Changes

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Insufficient new directors

K Property Group, LLC and Lasalle Global Partner Solutions Limited completed the acquisition of Retail property in 478-482 Broadway, Manhattan from Vornado Realty Trust (NYSE:VNO).

Third quarter 2021 earnings released: EPS US$0.33 (vs US$0.28 in 3Q 2020)

An unknown buyer entered into an agreement to acquire Retail property in 478-482 Broadway, Manhattan from Vornado Realty Trust (NYSE:VNO).

Second quarter 2021 earnings released: EPS US$0.25 (vs US$1.04 loss in 2Q 2020)

First quarter 2021 earnings released: FFO US$0.62 per share (vs US$0.68 in 1Q 2020)

Vornado Declares Quarterly Dividend on Common Shares, Payable on May 21, 2021

New 90-day high: €37.20

Vornado Realty Trust(NYSE:VNO.PRL) dropped from S&P U.S. Preferred Stock Index

AvalonBay Communities Names Benjamin Schall as President and Updates on CEO Succession Plan

Vornado Realty Trust Announces Overhead Reduction Program

New 90-day low: €25.60

Revenue misses expectations

Third quarter 2020 earnings released: EPS US$0.34

Vornado Realty Trust to Report Q2, 2021 Results on Aug 02, 2021

An unknown buyer acquired 7.9% stake in Pennsylvania Real Estate Investment Trust (NYSE:PEI) from Vornado Realty Trust (NYSE:VNO) for $28.4 million.

First half earnings released

New 90-day low - €30.40

Vornado Realty Trust(NYSE:VNO) dropped from Russell 1000 Value-Defensive Index

Revenue & Expenses Breakdown

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity