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Compared to Estimates, Vornado (VNO) Q3 Earnings: A Look at Key Metrics
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For the quarter ended September 2025, Vornado (VNO - Free Report) reported revenue of $453.7 million, up 2.4% over the same period last year. EPS came in at $0.57, compared to -$0.10 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $443.32 million, representing a surprise of +2.34%. The company delivered an EPS surprise of +3.64%, with the consensus EPS estimate being $0.55.
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:
Total Property Square Feet - New York - Vornado's Ownership Interest: 21,036.00 Ksq ft compared to the 20,857.00 Ksq ft average estimate based on three analysts.
Occupancy (At Vornado's share) - New York: 87.5% versus the three-analyst average estimate of 85.9%.
Occupancy - New York Retail - Vornado's Ownership Interest: 79.2% versus 68.7% estimated by two analysts on average.
Occupancy - New York Office - Vornado's Ownership Interest: 88.4% versus 87.5% estimated by two analysts on average.
Total revenues- Other: $86.36 million compared to the $81.84 million average estimate based on two analysts. The reported number represents a change of +6.9% year over year.
Total revenues- New York: $367.34 million versus the two-analyst average estimate of $362.87 million. The reported number represents a year-over-year change of +1.3%.
Total revenues- Fee and Other Income- Management and Leasing Fees: $3 million compared to the $2.92 million average estimate based on seven analysts. The reported number represents a change of +5.5% year over year.
Revenue- Total rental revenues: $389.1 million versus the seven-analyst average estimate of $390.38 million. The reported number represents a year-over-year change of +0.4%.
Revenue- Fee and other income: $64.6 million versus $55.39 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +15.8% change.
Total revenues- Fee and Other Income- BMS Cleaning Fees: $42.53 million versus the six-analyst average estimate of $37.38 million. The reported number represents a year-over-year change of +12.6%.
Total revenues- Fee and Other Income- Other income: $19.08 million versus $17.12 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +25.7% change.
Total revenues- Total rental revenues- Property rentals: $322.35 million versus the five-analyst average estimate of $343.39 million. The reported number represents a year-over-year change of -5.9%.
Shares of Vornado have returned -7.5% over the past month versus the Zacks S&P 500 composite's +2.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Vornado (VNO) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2025, Vornado (VNO - Free Report) reported revenue of $453.7 million, up 2.4% over the same period last year. EPS came in at $0.57, compared to -$0.10 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $443.32 million, representing a surprise of +2.34%. The company delivered an EPS surprise of +3.64%, with the consensus EPS estimate being $0.55.
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:View all Key Company Metrics for Vornado here>>>
Shares of Vornado have returned -7.5% over the past month versus the Zacks S&P 500 composite's +2.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.