Every material Form 8-K Vornado Realty Trust filed with the SEC in 2024, 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 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
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Vornado Realty Trust filing is on SEC EDGAR ↗. 8-K briefs of other companies →