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Here's What Key Metrics Tell Us About Vornado (VNO) Q3 Earnings
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Vornado (VNO - Free Report) reported $467.66 million in revenue for the quarter ended September 2026, representing a year-over-year increase of 3.1%. EPS of $0.65 for the same period compares to $0.06 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $471.93 million, representing a surprise of -0.91%. The company delivered an EPS surprise of +1.56%, with the consensus EPS estimate being $0.64.
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: 91.5% versus 91.2% estimated by two analysts on average.
Total Property Square Feet - New York - Vornado's Ownership Interest: 21,214.00 Ksq ft versus 21,229.00 Ksq ft estimated by two analysts on average.
Revenue- Fee and other income: $58.04 million compared to the $63.79 million average estimate based on four analysts. The reported number represents a change of -10.2% year over year.
Revenue- Total rental revenues: $409.62 million versus $410.81 million estimated by four analysts on average.
Total revenues- Fee and Other Income- Management and Leasing Fees: $2.82 million versus the three-analyst average estimate of $2.92 million. The reported number represents a year-over-year change of -5.9%.
Total revenues- Total rental revenues- Straight-lining of rents: $24.5 million versus the two-analyst average estimate of $24.93 million. The reported number represents a year-over-year change of -0.1%.
Total revenues- Total rental revenues- New York: $326 million compared to the $333.44 million average estimate based on two analysts. The reported number represents a change of +6.3% year over year.
Total revenues- Total rental revenues- Other: $83.62 million versus the two-analyst average estimate of $82.78 million. The reported number represents a year-over-year change of +1.6%.
Total revenues- Fee and other income- Other: $3.82 million compared to the $3.56 million average estimate based on two analysts. The reported number represents a change of -5.1% year over year.
Total revenues- Property rentals- Tenant Expense Reimbursements: $44.29 million versus $49.16 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +5.2% change.
Total revenues- Total rental revenues- Property rentals: $340.72 million compared to the $335.87 million average estimate based on two analysts. The reported number represents a change of +5.7% year over year.
Total revenues- Fee and Other Income- Other income: $19.84 million versus the two-analyst average estimate of $20.44 million. The reported number represents a year-over-year change of +4%.
Shares of Vornado have returned +2.4% over the past month versus the Zacks S&P 500 composite's -0.9% 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.
View the Zacks #1 Rank List
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Here's What Key Metrics Tell Us About Vornado (VNO) Q3 Earnings
Vornado (VNO - Free Report) reported $467.66 million in revenue for the quarter ended September 2026, representing a year-over-year increase of 3.1%. EPS of $0.65 for the same period compares to $0.06 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $471.93 million, representing a surprise of -0.91%. The company delivered an EPS surprise of +1.56%, with the consensus EPS estimate being $0.64.
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:View all Key Company Metrics for Vornado here>>>
Shares of Vornado have returned +2.4% over the past month versus the Zacks S&P 500 composite's -0.9% 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.