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StocksMediumUpdated×3•Originally published 4 May 2026•Updated 6 May 2026•

1 min read

Vornado Realty Trust Q1 FFO Matches Estimates Amid Year-Over-Year Decline

Key Facts

1Vornado reported quarterly funds from operations (FFO) of $0.52 per share, matching the Zacks Consensus Estimate.

2The current FFO of $0.52 per share compares to $0.63 per share reported in the same quarter a year ago.

Vornado Realty Trust (VNO) reported mixed first-quarter results, with funds from operations (FFO) of $0.52 per share matching analyst estimates. While FFO declined year-over-year, revenue beat expectations at $459.11 million, driven by growth in same-store net operating income (NOI) and increased leasing activity. The company also executed key financial strategies, including share buybacks and debt refinancing, to strengthen its balance sheet. However, the net loss of -$0.12 per share was wider than the projected -$0.05, highlighting persistent bottom-line pressures. Despite the loss, the improvement in operational metrics and proactive capital management provide a more nuanced outlook for investors navigating the current real estate landscape.

28 days ago

Version History

1 additional source confirmed this story

Version 328 days ago

What changed: Added specific operational metrics including same-store NOI and leasing activity, along with details on share buybacks and debt refinancing strategies.

Version 229 days ago

What changed: Added specific revenue beat figures and net loss details which were wider than analyst estimates.

Version 1about 1 month ago

What changed: Added Corebridge Financial reporting and included ticker symbols (VNO, CRBG) for both entities.