- Vornado Realty’s fourth-quarter revenue was $457.8 million, which is 3.6% higher than the previous year and surpasses the estimated $441.7 million.
- The Funds From Operations (FFO) per share as adjusted was 61 cents, a slight decrease from 63 cents the previous year.
- Total FFO was $117.1 million, down by 3.3% from the previous year but above the estimated $92.5 million.
- Net operating income at share was $285.0 million, slightly down by 0.7% year-over-year, but higher than the estimated $209.7 million.
- In 2024, Vornado Realty closed the sale of two condominium units at 220 CPS for net proceeds of $31,605,000, gaining a financial statement net gain of $15,175,000.
- The sale gains are recorded under “net gains on disposition of wholly owned and partially owned assets” in the consolidated income statements.
- Analyst recommendations include 3 buys, 6 holds, and 6 sells.
“`
A look at Vornado Realty Trust Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 2 | |
| 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 the Smartkarma Smart Scores, Vornado Realty Trust shows promising long-term potential. With a Growth score of 4, the company is expected to experience significant expansion in the future. This is complemented by a solid Momentum score of 4, indicating positive price trends that may continue. While the Value and Dividend scores are in the middle range at 3, they still contribute positively to the overall outlook.
However, Vornado Realty Trust faces challenges in terms of Resilience, with a score of 2, suggesting some vulnerability to economic downturns or market fluctuations. Investors should consider this factor alongside the company’s strengths. Overall, Vornado Realty Trust, a real estate investment trust specializing in office and retail properties in key locations like New York City and Washington, DC, presents a mixed outlook that balances growth opportunities with resilience concerns.
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.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
