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Vornado (VNO) Reports Q2 Earnings: What Key Metrics Have to Say
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Vornado (VNO - Free Report) reported $441.44 million in revenue for the quarter ended June 2025, representing a year-over-year decline of 2%. EPS of $0.56 for the same period compares to $0.18 a year ago.
The reported revenue represents a surprise of -3.06% over the Zacks Consensus Estimate of $455.38 million. With the consensus EPS estimate being $0.53, the EPS surprise was +5.66%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Vornado performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total Property Square Feet - New York - Vornado's Ownership Interest: 20,857.00 Ksq ft versus 20,893.00 Ksq ft estimated by three analysts on average.
Occupancy (At Vornado's share) - New York: 85.2% versus 84.3% estimated by three analysts on average.
Occupancy - New York Retail - Vornado's Ownership Interest: 67.7% versus the two-analyst average estimate of 72.1%.
Occupancy - New York Office - Vornado's Ownership Interest: 86.7% versus the two-analyst average estimate of 86.6%.
Total revenues- Other: $83.27 million versus the two-analyst average estimate of $79.58 million. The reported number represents a year-over-year change of +0.7%.
Total revenues- New York: $358.17 million versus $376.94 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -2.6% change.
Total revenues- Fee and Other Income- Management and Leasing Fees: $2.93 million versus $3.74 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -56.4% change.
Revenue- Fee and other income: $59.19 million compared to the $54.81 million average estimate based on seven analysts. The reported number represents a change of +4.4% year over year.
Total revenues- Fee and Other Income- BMS Cleaning Fees: $37.43 million versus $37.11 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -2.7% change.
Total revenues- Fee and Other Income- Other income: $18.83 million versus $15.06 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +63.8% change.
Revenue- Total rental revenues: $382.25 million versus $400.52 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -2.9% change.
Total revenues- Total rental revenues- Property rentals: $332.18 million versus $351.66 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -3.4% change.
Shares of Vornado have returned -0.3% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Vornado (VNO) Reports Q2 Earnings: What Key Metrics Have to Say
Vornado (VNO - Free Report) reported $441.44 million in revenue for the quarter ended June 2025, representing a year-over-year decline of 2%. EPS of $0.56 for the same period compares to $0.18 a year ago.
The reported revenue represents a surprise of -3.06% over the Zacks Consensus Estimate of $455.38 million. With the consensus EPS estimate being $0.53, the EPS surprise was +5.66%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Vornado performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for Vornado here>>>
Shares of Vornado have returned -0.3% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.