Vornado Q1 2026 net loss of $22.8 million; FFO, as adjusted, falls to $103.1 million
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.
Key points
- 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.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:57 AM ET, from the text of the filing and its press-release exhibits 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 04, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.