Every material Form 8-K Vornado Realty Trust has filed with the SEC since October 30, 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Vornado Realty Trust reported a third-quarter 2026 net loss attributable to common shareholders of $47.1 million, or $0.25 per diluted share, compared with net income of $11.6 million, or $0.06 per share, a year earlier. Funds from operations (FFO), a non-GAAP measure that real estate investment trusts commonly use, rose to $0.62 per diluted share from $0.58, and rose to $0.65 per share on an adjusted basis from $0.57.
Q3 2026 net loss attributable to common shareholders: $47.1 million ($0.25 per diluted share), versus net income of $11.6 million ($0.06) in Q3 2025
Q3 2026 FFO: $122.6 million ($0.62 per diluted share); as adjusted, $126.7 million ($0.65), versus $0.57 a year earlier
Nine-month net loss of $53.5 million, compared with net income of $842.3 million in 2025, which included an $803.2 million gain tied to the 770 Broadway master lease with NYU
350 Park Avenue joint venture formed October 20, 2026; Vornado expects an estimated net gain of about $485 million in Q4 2026
Vornado reported second-quarter 2026 revenue of $462.2 million, up from $441.4 million a year earlier, and FFO as adjusted of $131.1 million, or $0.67 per diluted share, up from $0.56. GAAP net income attributable to common shareholders fell to $16.4 million, or $0.08 per diluted share, from $743.8 million, or $3.70, mainly because of an $803.2 million gain on the 770 Broadway master lease with NYU in the prior-year quarter.
Q2 2026 revenue was $462.2 million versus $441.4 million in Q2 2025.
FFO as adjusted was $131.1 million, or $0.67 per diluted share, versus $113.3 million, or $0.56, a year earlier.
GAAP net income attributable to common shareholders was $16.4 million, or $0.08 per diluted share, versus $743.8 million, or $3.70, in the prior-year quarter.
For the six months ended June 30, 2026, the company reported a net loss attributable to common shareholders of $6.4 million, or $0.03 per diluted share.
Vornado Realty Trust reported a first-quarter 2026 net loss attributable to common shareholders of $22.8 million, or $0.12 per diluted share, compared with net income of $86.8 million, or $0.43 per diluted share, a year earlier. FFO, as adjusted, a non-GAAP measure the company emphasizes, fell to $103.1 million, or $0.52 per diluted share, from $126.2 million, or $0.63.
Net loss attributable to common shareholders of $22.8 million, or $0.12 per diluted share, versus net income of $86.8 million, or $0.43, in Q1 2025.
FFO, as adjusted, of $103.1 million, or $0.52 per diluted share, versus $126.2 million, or $0.63, a year earlier.
Revenues of $459.1 million, compared with $461.6 million in the prior-year quarter.
On April 29, 2026, the board authorized a new share repurchase program of up to $300 million; $79.8 million of shares were repurchased in Q1 2026.
Vornado Realty Trust reported fourth-quarter 2025 results, with net income attributable to common shareholders of $601,000 ($0.00 per diluted share), down from $1,203,000 a year earlier. Fourth-quarter FFO per diluted share was $0.56 versus $0.58, and FFO as adjusted was $0.55 versus $0.61. For the full year, net income rose to $842,851,000 ($4.20 per diluted share), mainly due to a $803,248,000 gain on the 770 Broadway master lease with NYU, while full-year FFO as adjusted rose to $2.32 per share from $2.26.
Q4 2025 net income attributable to common shareholders was $601,000, or $0.00 per diluted share, versus $1,203,000, or $0.01, in Q4 2024.
Q4 2025 FFO per diluted share was $0.56 versus $0.58; FFO as adjusted was $0.55 versus $0.61.
Full-year 2025 net income was $842,851,000 ($4.20 per diluted share), versus $8,275,000 ($0.04) in 2024, driven by the $803,248,000 gain on the 770 Broadway NYU master lease.
Full-year 2025 FFO as adjusted was $2.32 per diluted share, versus $2.26 in 2024.
Vornado Realty Trust reported third-quarter 2025 results on November 3, 2025. Net income attributable to common shareholders was $11.6 million, or $0.06 per diluted share, versus a net loss of $19.2 million, or $0.10 per share, a year earlier. Funds from operations (FFO) rose to $117.4 million, or $0.58 per diluted share, from $99.3 million, or $0.50, which supports the view that core operating results improved year over year.
Q3 2025 net income attributable to common shareholders: $11.6 million, or $0.06 per diluted share, vs. a net loss of $19.2 million ($0.10) in Q3 2024
Q3 2025 FFO attributable to common shareholders plus assumed conversions: $117.4 million, or $0.58 per diluted share, vs. $99.3 million ($0.50)
Q3 2025 FFO, as adjusted (non-GAAP): $114.5 million, or $0.57 per diluted share, vs. $102.8 million ($0.52) in Q3 2024
Q3 2025 revenues: $453.7 million, vs. $443.3 million in Q3 2024
Vornado Realty Trust reported second-quarter 2025 results on August 4, 2025. GAAP net income attributable to common shareholders rose to $743.8 million, or $3.70 per diluted share, from $35.3 million, or $0.18, a year earlier, mainly due to an $803.2 million gain tied to the 770 Broadway master lease with NYU. Revenues fell to $441.4 million from $450.3 million, and FFO as adjusted was $0.56 per diluted share versus $0.57 a year earlier, so the one-time gain drives the headline profit increase while core operating measures were flat to lower.
Net income attributable to common shareholders: $743.8 million, or $3.70 per diluted share, for the quarter ended June 30, 2025, versus $35.3 million, or $0.18, a year earlier
The increase is primarily due to the $803.2 million gain from the 770 Broadway master lease with NYU, completed May 5, 2025
FFO as adjusted was $113.3 million, or $0.56 per diluted share, versus $112.8 million, or $0.57, in Q2 2024; revenues were $441.4 million versus $450.3 million
Q2 earnings conference call scheduled for Tuesday, August 5, 2025 at 10:00 a.m. ET
Vornado Realty Trust reported first-quarter 2025 net income attributable to common shareholders of $86.8 million, or $0.43 per diluted share, compared with a loss of $9.0 million a year earlier. The gain was driven mainly by a $76.2 million net gain on the partial sale of 666 Fifth condominium to UNIQLO and a $17.2 million reversal of PENN 1 rent expense, so the profit swing includes one-time items. FFO as adjusted, a non-GAAP measure, rose to $126.2 million, or $0.63 per diluted share, from $108.8 million, or $0.55, a year earlier.
Net income attributable to common shareholders was $86.8 million ($0.43 per diluted share), versus a loss of $9.0 million ($0.05 per share) in Q1 2024.
FFO attributable to common shareholders plus assumed conversions, as adjusted, was $126.2 million ($0.63 per diluted share), up from $108.8 million ($0.55).
The 666 Fifth sale to UNIQLO produced a $76.2 million gain, and the PENN 1 ground rent reset led to a $17.2 million rent expense reversal, both in the first quarter.
Vornado Realty Trust reported fourth-quarter 2024 results. Net income attributable to common shareholders was $1.2 million, or $0.01 per diluted share, compared with a net loss of $61.0 million a year earlier, while revenue rose to $457.8 million from $441.9 million. Funds from operations (FFO), a key REIT profit measure, fell to $117.1 million, or $0.58 per diluted share, from $121.1 million, or $0.62.
Q4 2024 revenues were $457.8 million, up from $441.9 million in Q4 2023.
Q4 2024 FFO attributable to common shareholders was $117.1 million, or $0.58 per diluted share, versus $121.1 million, or $0.62, a year earlier.
Q4 2024 net income attributable to common shareholders was $1.2 million, or $0.01 per diluted share, versus a net loss of $61.0 million, or $0.32 per share.
For full-year 2024, FFO as adjusted was $447.1 million, or $2.26 per diluted share, versus $508.2 million, or $2.61, in 2023.
Vornado Realty Trust reported a net loss attributable to common shareholders of $19,154,000, or $0.10 per diluted share, for the quarter ended September 30, 2024, compared with net income of $52,846,000, or $0.28 per diluted share, a year earlier. Revenues fell to $443,255,000 from $450,995,000, and FFO attributable to common shareholders plus assumed conversions dropped to $0.50 per diluted share from $0.62, so shareholders saw lower reported earnings and cash-flow-based performance in the quarter.
Q3 2024 net loss attributable to common shareholders: $19,154,000 ($0.10 per diluted share), versus net income of $52,846,000 ($0.28) in Q3 2023
Q3 2024 FFO attributable to common shareholders plus assumed conversions: $99,256,000 ($0.50 per diluted share), versus $119,487,000 ($0.62)
FFO, as adjusted, was $102,755,000 ($0.52 per diluted share), versus $127,241,000 ($0.66); same store NOI at share fell 8.4% year over year for the three months
Revenues for the quarter were $443,255,000, compared with $450,995,000 in the prior-year quarter
Vornado Realty Trust reported second quarter 2024 results on August 5, 2024. Net income attributable to common shareholders was $35.3 million, or $0.18 per diluted share, down from $46.4 million, or $0.24, a year earlier, and revenues fell to $450.3 million from $472.4 million. Shareholders face lower reported earnings, although FFO per diluted share rose to $0.76 from $0.74 on the company's non-GAAP measure.
Net income attributable to common shareholders was $35.3 million, or $0.18 per diluted share, versus $46.4 million, or $0.24, in Q2 2023.
FFO attributable to common shareholders plus assumed conversions was $0.76 per diluted share, up from $0.74; FFO as adjusted was $0.57, down from $0.72.
Same store NOI at share fell 9.0% for the three months ended June 30, 2024, compared with June 30, 2023.
The quarterly earnings conference call is scheduled for August 6, 2024 at 10:00 a.m. ET.
Vornado Realty L.P., the operating partnership of Vornado Realty Trust, amended its $1.25 billion revolving credit facility maturing December 2027 and its $800 million term loan maturing December 2027 on May 14, 2024. The changes conform definitions and provisions to a new $915 million revolving credit facility maturing April 2029 that the partnership entered into on May 3, 2024.
Amendments dated May 14, 2024, with JPMorgan Chase Bank N.A. as administrative agent
Revolver pricing is Term SOFR plus 115 basis points with a 25 basis point facility fee; term loan pricing is Term SOFR plus 130 basis points
Sustainability thresholds may adjust the term loan rate by up to 5 basis points, the revolver rate by up to 4 basis points, and the facility fee by 1 basis point
Covenants include total outstanding indebtedness not exceeding 60% of capitalization value and a combined EBITDA to fixed charges ratio of at least 1.40 to 1.00
Vornado Realty Trust reported a first-quarter 2024 net loss attributable to common shareholders of $9.0 million, or $0.05 per diluted share, compared with net income of $5.2 million, or $0.03 per share, a year earlier. Revenues fell to $436.4 million from $445.9 million, and FFO as adjusted dropped to $108.8 million, or $0.55 per diluted share, from $116.3 million, or $0.60.
Net loss attributable to common shareholders was $9,034,000 ($0.05 per diluted share) versus net income of $5,168,000 ($0.03) in Q1 2023.
FFO attributable to common shareholders plus assumed conversions, as adjusted, was $108,847,000 ($0.55 per diluted share) versus $116,288,000 ($0.60).
Revenues were $436,375,000 versus $445,923,000 a year earlier.
Same store NOI at share decreased 4.8% year over year, with New York down 4.6% and THE MART down 10.0%.
Vornado Realty Trust reported a fourth-quarter 2023 net loss attributable to common shareholders of $61.0 million, or $0.32 per diluted share, compared with a $493.3 million loss a year earlier. Results included $72.7 million of impairment losses, and adjusted FFO fell to $123.8 million, or $0.63 per diluted share, from $139.0 million, or $0.72, a year earlier, so the smaller GAAP loss does not reflect stronger operating earnings.
Q4 2023 net loss attributable to common shareholders: $61,013,000 ($0.32 per diluted share), vs. $493,280,000 ($2.57) in Q4 2022
Q4 2023 FFO attributable to common shareholders plus assumed conversions: $121,105,000 ($0.62 per diluted share); as adjusted, $123,751,000 ($0.63) vs. $139,041,000 ($0.72)
Full-year 2023 net income attributable to common shareholders: $43,378,000 ($0.23 per diluted share), vs. a $408,615,000 loss in 2022
Board declared a $0.30 per common share dividend on December 5, 2023
Vornado's Compensation Committee created a Development Fee Pool equal to 40% of net development fees received from third parties, starting with the 350 Park Avenue project and extending to future projects. On December 15, 2023, the committee approved $6.4 million in cash payments to four executives tied to completing the 350 Park Avenue transaction. The filing ties the pool to outside capital raising, and it does not report a financial result for shareholders.
Development Fee Pool equals 40% of net development fees received from third parties, including from the 350 Park Avenue project and future projects
Fees paid by wholly-owned Company developments are excluded from the pool
On December 15, 2023, the committee approved payments of $2.2 million to Mr. Roth, $1.4 million each to Messrs. Franco, Langer and Weiss
Pool size depends on the anticipated 36% interest in the 350 Park Avenue joint venture, which has not yet been formed
Vornado Realty Trust reported third-quarter 2023 results on October 30, 2023. GAAP net income attributable to common shareholders rose to $52.8 million, or $0.28 per diluted share, from $7.8 million, or $0.04, a year earlier, but FFO fell to $119.5 million, or $0.62 per diluted share, from $152.5 million, or $0.79. The mixed picture matters to shareholders because FFO, adjusted for one-time items, fell to $127.2 million, or $0.66 per share, from $157.4 million, or $0.81.
Q3 2023 net income attributable to common shareholders was $52.8 million ($0.28 per diluted share), versus $7.8 million ($0.04) in Q3 2022.
Q3 2023 FFO attributable to common shareholders plus assumed conversions was $119.5 million ($0.62 per diluted share), versus $152.5 million ($0.79).
Adjusted FFO was $127.2 million ($0.66 per diluted share), versus $157.4 million ($0.81) in Q3 2022; the company cited a $11.9 million prior period accrual adjustment in 2022 and $7.3 million higher net interest expense.
Net gain of $36.0 million from contributing the Pier 94 leasehold interest to a joint venture was a factor in the net income comparison.
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