Vornado (VNO) reported $453.71 million in revenue for the quarter ended December 2025, representing a year-over-year decline of 0.9%. EPS of $0.55 for the same period compares to $0.01 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $434.77 million, representing a surprise of +4.36%. The company delivered an EPS surprise of -3.05%, with the consensus EPS estimate being $0.57.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Vornado performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Occupancy (At Vornado's share) - New York: 90% versus 88.5% estimated by four analysts on average.
- Total Property Square Feet - New York - Vornado's Ownership Interest: 20,907.00 Ksq ft versus the three-analyst average estimate of 21,036.00 Ksq ft.
- Occupancy - New York Retail - Vornado's Ownership Interest: 79.4% compared to the 80.1% average estimate based on two analysts.
- Occupancy - New York Office - Vornado's Ownership Interest: 91.2% versus 89.8% estimated by two analysts on average.
- Total revenues- Other: $78.9 million versus the two-analyst average estimate of $79.52 million. The reported number represents a year-over-year change of +6.5%.
- Total revenues- New York: $374.81 million versus $348.51 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -2.3% change.
- Revenue- Total rental revenues: $382.14 million compared to the $382.95 million average estimate based on nine analysts. The reported number represents a change of -4.1% year over year.
- Total revenues- Fee and Other Income- Management and Leasing Fees: $2.61 million versus the eight-analyst average estimate of $2.85 million. The reported number represents a year-over-year change of +3.6%.
- Total revenues- Property rentals- Tenant Expense Reimbursements: $38.37 million versus $42.7 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -15.2% change.
- Total revenues- Fee and Other Income- Other income: $27.71 million compared to the $18.33 million average estimate based on seven analysts. The reported number represents a change of +41.4% year over year.
- Total revenues- Fee and Other Income- BMS Cleaning Fees: $41.25 million versus the seven-analyst average estimate of $36.98 million. The reported number represents a year-over-year change of +10.9%.
- Total revenues- Total rental revenues- Amortization of acquired below-market leases, net: $0.1 million versus $0.15 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -48.7% change.
View all Key Company Metrics for Vornado here>>>
Shares of Vornado have returned -9.4% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Vornado Realty Trust (VNO): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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