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AI brief of an SEC Form 8-K · Vornado Realty Trust (VNO)

Vornado swings to Q1 2024 net loss of $9.0 million; FFO as adjusted falls to $0.55 a share

Negative Impact 3 of 5 earnings Written later

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.

Key points

  • 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).
  • Same store NOI at share decreased 4.8% year over year, with New York down 4.6% and THE MART down 10.0%.
  • Revenues were $436,375,000 versus $445,923,000 a year earlier.

The filing

CompanyVornado Realty Trust (VNO)
Form8-K, current report
Filed with the SECMay 6, 2024, 4:37 PM ET
Accession number0000899689-24-000023

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 06, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.