Vornado Q2 2024 net income falls to $0.18 a share; revenue down to $450.3 million
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.
Key points
- 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.
The filing
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 August 05, 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.