Vornado Realty Trust

VNO

Equity

ISIN null / Valor 80572

New York Stock Exchange, Inc (2025-11-21)

USD 33.84+2.48%

Vornado Realty Trust
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About company

Vornado Realty Trust is a prominent real estate investment trust with a diverse portfolio that includes over 2000 residential units in New York City, notable residential condominium developments, and the largest ownership and management of street retail in Manhattan. The company focuses on iconic flagship stores for marquee brands and is known for its best-in-class development and redevelopment capabilities, with a number of significant projects contributing to the urban landscape in New York City. Additionally, Vornado is recognized as the largest owner of LEED-certified property in the United States, with a substantial amount of square footage at the LEED Gold level.

Summarized from source with an LLMView SourceSector: Finance

FFO Performance Overview

In Q2 2025, Vornado Realty Trust’s FFO performance remained relatively steady compared to the prior year. The reported FFO of $120,928 thousand and the adjusted FFO of $113,324 thousand indicate only a modest net increase—supported by a bridging adjustment of $0.5 million—despite headwinds from asset sale impacts and fluctuations in interest income.

Reconciliation Adjustments

The detailed reconciliation disclosed in the report highlights key adjustments. A beneficial $9.2 million impact from changes in the tax assessed value of THE MART (net of tenant reimbursements) was partially offset by declines from interest income (reducing FFO by $5.8 million) and asset sales (a further reduction of $3.3 million). These factors contributed to a net adjustment of -$7,604 thousand for Q2 2025, underscoring the importance of these items in the overall FFO calculation.

Summarized from source with an LLMView Source

Key figures

-18.3%1Y

40.0%3Y

-15.3%5Y

Performance

38.7%1Y

45.7%3Y

43.3%5Y

Volatility