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Here's What Key Metrics Tell Us About Vornado (VNO) Q1 Earnings

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Vornado (VNO - Free Report) reported $459.11 million in revenue for the quarter ended March 2026, representing a year-over-year decline of 0.5%. EPS of $0.52 for the same period compares to $0.43 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $443.27 million, representing a surprise of +3.57%. The company has not delivered EPS surprise, 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:
  • Occupancy (At Vornado's share) - New York: 90.3% versus the three-analyst average estimate of 90.1%.
  • Total Property Square Feet - New York - Vornado's Ownership Interest: 20,760.00 Ksq ft versus the two-analyst average estimate of 20,907.00 Ksq ft.
  • Revenue- Total rental revenues: $399.18 million versus $388.31 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -1.4% change.
  • Revenue- Fee and other income: $59.92 million versus $58.91 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +5.5% change.
  • Total revenues- Fee and Other Income- Management and Leasing Fees: $2.72 million compared to the $2.98 million average estimate based on six analysts. The reported number represents a change of -10.4% year over year.
  • Total revenues- Property rentals- Tenant Expense Reimbursements: $51.22 million versus the five-analyst average estimate of $42.75 million. The reported number represents a year-over-year change of -1.5%.
  • Total revenues- Fee and Other Income- Other income: $17.86 million versus the five-analyst average estimate of $18.79 million. The reported number represents a year-over-year change of +3.2%.
  • Total revenues- Fee and Other Income- BMS Cleaning Fees: $39.34 million versus the five-analyst average estimate of $39.3 million. The reported number represents a year-over-year change of +7.9%.
  • Total revenues- Total rental revenues- Straight-lining of rents: $26.21 million versus $22.14 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +509.7% change.
  • Total revenues- Total rental revenues- Property rentals: $321.66 million versus the four-analyst average estimate of $322.74 million. The reported number represents a year-over-year change of -7.7%.
  • Total revenues- Total rental revenues- Amortization of acquired below-market leases, net: $0.1 million versus $0.22 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +14.8% change.
  • Total revenues- Total rental revenues- Other: $78.64 million compared to the $83.32 million average estimate based on two analysts. The reported number represents a change of -2.3% year over year.

View all Key Company Metrics for Vornado here>>>

Shares of Vornado have returned +19.1% over the past month versus the Zacks S&P 500 composite's +10% 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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