- Vornado Realty’s revenue for the second quarter is $441.4 million, which is a 2% decrease compared to the same period last year.
- The second quarter revenue missed the analyst estimates of $458 million.
- Funds From Operations (FFO) for the second quarter stands at $120.9 million, a 19% decline year-over-year.
- The FFO exceeded analyst expectations, which were estimated at $106.2 million.
- Analyst recommendations include 3 buy ratings, 6 hold ratings, and 6 sell ratings.
A look at Vornado Realty Trust Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
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 solid overall outlook as indicated by its consistent scores across various factors. With a Value, Dividend, Growth, and Resilience score of 3 each, the company seems to have a stable foundation for long-term growth. Additionally, its Momentum score of 4 suggests a positive trend in the market. Vornado Realty Trust, a fully-integrated real estate investment trust, owns and manages office properties in key locations like New York City, Washington, DC, and California. The company also has a presence in the retail sector with properties in Washington, DC, and Puerto Rico.
Considering the balanced scores across different metrics, Vornado Realty Trust appears to be positioned well for sustained performance in the long run. The company’s diversified portfolio of office and retail properties in prime locations enhances its resilience and potential for growth. Moreover, the positive momentum score indicates increasing market interest and confidence in the company’s prospects. As a prominent player in the real estate sector, Vornado Realty Trust‘s strategic assets and stable financial performance could contribute to its continued success in the future.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
π‘ Before itβs here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- β Unlimited Research Summaries
- β Personalised Alerts
- β Custom Watchlists
- β Company Analytics and News
- β Events & Webinars
