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Stock impact report

Vornado (VNO) Up 9.2% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]

Vornado Realty Trust (VNO) 
Last vornado realty trust earnings: 2/18 04:38 pm Check Earnings Report
US:NYSE Investor Relations: vno.com/investor-relations/overview
Company Research Source: Yahoo! Finance
Will the recent positive trend continue leading up to its next earnings release, or is Vornado due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Vornado's Q2 FFO and Revenues Surpass Estimates Vornado's second-quarter 2024 FFO plus assumed conversions as adjusted per share of 57 cents surpassed the Zacks Consensus Estimate of 55 cents. However, the figure declined 20.8% year over year. Results displayed better-than-anticipated top-line growth. Vornado experienced decent leasing activity and higher initial rent in the quarter. However, the total same-store NOI declined year over year. A rise in interest expenses remained a concern for the quarter. Total revenues came in at $450.3 million in the reported quarter, which beat the Zacks Consensus Estimate of $434.6 million. However, on a year-over-year basis, revenues declin Show less Read more
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