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Stock impact report

Vornado's Q3 FFO & Revenues Beat Estimates, Same-Store NOI Declines [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
However, the figure declined 21.2% year over year. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar The results displayed better-than-anticipated top-line growth. Vornado witnessed decent leasing activity during the quarter. However, total same-store net operating income (NOI) declined year over year. Total revenues came in at $443.3 million in the reported quarter, which beat the Zacks Consensus Estimate of $440.7 million. However, on a year-over-year basis, revenues declined nearly 1.7%. In the reported quarter, total same-store NOI (at share) came in at $247.8 million compared with $270.6 million in the prior-year quarter. The metric for the New York, THE MART and 555 California Street portfolios decreased 9%, 2.8% and 4.7%, respectively, from the prior-year period. Interest expenses rose 14.5% year over year to $100.9 million. During the quarter, in the New York office portfolio, 454,000 square feet of office space (292,000 square feet at share) Show less Read more
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