Vornado Realty Q1 2024 FFO $0.55 Misses $0.58 Estimate, Sales $436.375M Miss $445.534M Estimate
Portfolio Pulse from Benzinga Newsdesk
Vornado Realty (NYSE:VNO) reported Q1 2024 FFO of $0.55 per share, missing the $0.58 estimate, and sales of $436.375M, below the $445.534M estimate. This represents a decrease from the previous year's earnings and sales.
May 06, 2024 | 8:29 pm
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NEGATIVE IMPACT
Vornado Realty's Q1 2024 FFO and sales missed estimates, with a decrease in earnings and sales compared to last year.
Missing both FFO and sales estimates, coupled with year-over-year declines, suggests potential negative sentiment among investors, likely leading to short-term pressure on VNO's stock price.
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