VNO Earnings Prediction
The chart below shows how VNO performed 10 days before and after its earnings report, based on data from the past quarters. Typically, VNO sees a -0.20% change in stock price 10 days leading up to the earnings, and a -1.45% change 10 days following the report. On the earnings day itself, the stock moves by -0.23%. This data can give you a slight idea of what to expect for the next quarter's release.
VNO Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
457.79M
3.60%
3.28%
Gross Margin
48.10%
0.61%
4.38%
Operating Margin
15.40%
28.76%
35.44%
Net Margin
1.26%
105.53%
-128.70%
EPS
0.01
103.12%
-110.00%
No Data Available
VNO Earnings Analysis
Vornado Realty Trust Corporation (VNO.N) Earnings Conference Call
Positive
Stock Price Surge: Stock price increased 49% in 2024 after a 35% increase in 2023.
Leasing Activity Overview: Leased 3,400,000 square feet overall in 2024, with 2,650,000 square feet in New York office at market-leading starting rents of $104.
Premium Real Estate Transactions: Completed 18 transactions for 1,360,000 square feet, marking the most premium $100+ deals in New York for the second consecutive year.
Bond Repurchase Strategy: Repurchased $450,000,000 of unsecured bonds at maturity using cash on the balance sheet, demonstrating strong liquidity management.
Sustainability Commitment Achieved: Achieved 100% LEED certification across the entire portfolio, highlighting commitment to sustainability.
Negative
FFO Decline Analysis: Comparable FFO decreased to $2.26 per share for the year, down from $20.23, primarily due to lower NOI from known move outs and higher net interest expense.
FFO Decline Analysis: Fourth quarter comparable FFO was $0.61 per share, a decline from $0.63 per share in the same quarter of the previous year, attributed to higher net interest expense and lower NOI from known move outs.
Earnings Decline Forecast: 2025 earnings are expected to be slightly lower than 2024, influenced by the absence of lease termination income that positively impacted 2024 results.
New York Office NOI Decline: Same store NOI for New York office decreased by 3.3%, indicating a decline in operational performance amid a tightening market.
Lowest Dividend in 25 Years: The cash dividend of $1.75 per share in 2024 was the lowest in at least the last twenty-five years, reflecting ongoing challenges in generating cash flow.
VNO FAQs
How does VNO typically perform around its earnings report dates?
Is Vornado Realty Trust (VNO) Q4 2024 Earnings Call Summary positive or negative?
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VNO Earning Call Sentiment
Earnings call transcript: Vornado Realty Trust Q4 2024 beats EPS forecast
VNO.N
0.76%Positive
The earnings call summary reflects strong leasing activity, record high stock price increases, and a positive outlook on occupancy and NOI growth, particularly in the Penn District. The Q&A reveals confidence in tenant demand and financial health, despite some management evasiveness. The market cap suggests moderate sensitivity to news, aligning with a positive reaction to the optimistic guidance and strategic developments.
