Vornado's Q3 FFO & Revenues Beat Estimates, Same-Store NOI Declines
Vornado(VNO) ZACKS·2024-11-06 01:21
Vornado Realty Trust’s (VNO) third-quarter 2024 funds from operations (FFO) plus assumed conversions, on an adjusted basis, were 52 cents per share, which beat the Zacks Consensus Estimate of 51 cents. However, the figure declined 21.2% year over year.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The results displayed better-than-anticipated top-line growth. Vornado witnessed decent leasing activity during the quarter. However, total same-store net operating income (NOI) declined ...