Vornado Realty Q4 FFO Per Share As Adjusted $0.63 Beats $0.60 Estimate, Sales $441.89M Miss $454.99M Estimate
Portfolio Pulse from Benzinga Newsdesk
Vornado Realty (NYSE:VNO) reported its Q4 FFO As Adjusted at $0.63 per share, surpassing the $0.60 estimate, but its sales of $441.89M fell short of the $454.99M estimate. This represents a 12.5% decrease in FFO As Adjusted per share and a 1.13% decrease in sales compared to the same period last year.
February 12, 2024 | 9:29 pm
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Vornado Realty's Q4 FFO As Adjusted exceeded expectations at $0.63/share, but sales of $441.89M missed estimates, indicating mixed financial health.
The beat on FFO As Adjusted per share suggests operational efficiency and could be positive for investor sentiment. However, the miss on sales forecasts could raise concerns about revenue growth and market demand, potentially offsetting the positive impact of the FFO beat. Given these mixed signals, the short-term impact on VNO's stock price is likely to be neutral.
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