Vornado Q2 FY26 net income drops to USD 16.43 million; revenue rises 4.71% to USD 462.24 million - VNO News | RalliesVornado Q2 FY26 net income drops to USD 16.43 million; revenue rises 4.71% to USD 462.24 million
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VNO• Vornado reports lower net income but higher revenue in Q2 FY26
- Vornado Realty Trust posted GAAP net income attributable to common shareholders of USD 16.43 million, down from USD 743.82 million a year earlier.
- GAAP diluted EPS fell to USD 0.08 from USD 3.70 in the prior-year quarter.
- NAREIT FFO attributable to common shareholders plus assumed conversions rose to USD 144.08 million, or USD 0.74 per diluted share.
- Revenue increased to USD 462.24 million from USD 441.44 million.
- The company completed a 49% stake purchase in Park Avenue Plaza at a USD 1.1 billion valuation and ended June 30 with USD 2 billion of liquidity.
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