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

Vornado Q2 net income rises to $743.8 million on $803 million NYU lease gain; FFO falls

Mixed Impact 3 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyVornado Realty Trust (VNO)
Form8-K, current report
Filed with the SECAug 4, 2025, 4:37 PM ET
Accession number0000899689-25-000034

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 August 04, 2025.

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.