Vornado (VNO) reported $461.58 million in revenue for the quarter ended March 2025, representing a year-over-year increase of 5.8%. EPS of $0.63 for the same period compares to -$0.05 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $447.91 million, representing a surprise of +3.05%. The company delivered an EPS surprise of +21.15%, with the consensus EPS estimate being $0.52.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Vornado performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total Property Square Feet - New York - Vornado's Ownership Interest: 20,893 Ksq ft versus 21,380.33 Ksq ft estimated by three analysts on average.
- Occupancy (At Vornado's share) - New York: 83.5% versus the three-analyst average estimate of 86.6%.
- Occupancy - New York Retail - Vornado's Ownership Interest: 72.2% compared to the 73.2% average estimate based on two analysts.
- Occupancy - New York Office - Vornado's Ownership Interest: 84.4% compared to the 85.4% average estimate based on two analysts.
- Total revenues- Other: $85.37 million versus $78.72 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +9.3% change.
- Total revenues- New York: $376.21 million compared to the $369.12 million average estimate based on three analysts. The reported number represents a change of +5% year over year.
- Revenue- Fee and other income: $56.82 million compared to the $57.75 million average estimate based on eight analysts. The reported number represents a change of +20.7% year over year.
- Total revenues- Fee and Other Income- Management and Leasing Fees: $3.03 million versus $3.13 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +16.1% change.
- Revenue- Total rental revenues: $404.76 million compared to the $393.54 million average estimate based on seven analysts. The reported number represents a change of +4% year over year.
- Total revenues- Fee and Other Income- BMS Cleaning Fees: $36.48 million versus $37.84 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +2% change.
- Total revenues- Fee and Other Income- Other income: $17.32 million compared to the $14.63 million average estimate based on six analysts. The reported number represents a change of +98.9% year over year.
- Total revenues- Total rental revenues- Property rentals: $348.39 million versus the six-analyst average estimate of $344.05 million. The reported number represents a year-over-year change of +3.3%.
View all Key Company Metrics for Vornado here>>>
Shares of Vornado have returned +12.9% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform 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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