- Vornado Realty reported first-quarter revenue of $461.6 million, surpassing expectations of $451.8 million and marking a 5.8% increase year-over-year.
- Funds From Operations (FFO) for the quarter totaled $135.0 million, a 30% increase from the previous year, beating the estimated $122.4 million.
- Net operating income attributed to shareholders was $293.3 million, reflecting a 9% rise compared to the previous year and exceeding the expected $229.4 million.
- Analyst ratings include 3 buy recommendations, 7 holds, and 5 sell recommendations.
A look at Vornado Realty Trust Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, Vornado Realty Trust shows a mixed long-term outlook. With moderate scores in Value, Dividend, Resilience, and Momentum, the company appears to have a balanced performance across various factors. However, its Growth score is relatively low, suggesting potential challenges in expanding its operations and revenue in the future. Vornado Realty Trust is a fully-integrated real estate investment trust that owns and manages office and retail properties in prominent locations such as New York City, Washington, DC, and California. This diversification in real estate assets may contribute to its overall resilience, even though growth prospects seem to be less robust.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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