Vornado Announces Second Quarter 2026 Financial Results
Vornado Realty Trust reported second quarter 2026 FFO of $144.1 million, or $0.74 per share, an increase from $120.9 million in the prior year, driven by a 9.8% rise in Same Store NOI. The company executed significant strategic moves, acquiring a 49% interest in Park Avenue Plaza and purchasing 3 East 54th Street for $141 million, while also authorizing a new $300 million share repurchase program.
Key figures
- Eps
- 0.08
- Revenue
- 462242000
- Ffo
- 144078000
- Ffo per share
- 0.74
- Ffo as adjusted
- 131073000
- Buyback authorization
- 300000000
- Shares repurchased q2
- 1787090
- Ffo as adjusted per share
- 0.67
- Same store noi increase 6m
- 8.1%
- Same store noi increase q2
- 9.8%
- Acquisition price 3 east 54th
- 141000000
AI analysis
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