Quarterly ResultAug 3, 2026, 04:24 PM
Vornado Q2 Revenue $462.2M; Basic EPS $0.09
AI Summary
Vornado Realty Trust reported Q2 2026 total revenues of $462.2 million, an increase from the prior year, while basic earnings per share stood at $0.09. Net income attributable to common shareholders for the quarter was $16.4 million, significantly lower than the previous year due to a large one-time gain in Q2 2025. The company also detailed its UPREIT structure, where Vornado is the sole general partner and a 91.2% limited partner of Vornado Realty L.P., through which it conducts most of its business, with the filing combining reports for both entities.
Key Highlights
- Q2 2026 Total Revenues: $462.2 million, up from $441.4 million in Q2 2025.
- Q2 2026 Basic EPS: $0.09, compared to $3.87 in Q2 2025.
- Q2 2026 Net income attributable to common shareholders: $16.4 million.
- Six months ended June 30, 2026, Net Cash from Operating Activities: $211.5 million.
- Six months ended June 30, 2026, Common Share Repurchases: $133.4 million.
- Cash and cash equivalents as of June 30, 2026: $675.4 million.
- Total Liabilities as of June 30, 2026: $8.91 billion.
- Vornado holds a 91.2% limited partner interest in the Operating Partnership.
Price Impact
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