Factors Setting The Tone For Vornado's (VNO) Q4 Earnings
Zacks Investment Research | Feb 16, 2020 08:34PM ET
Vornado Realty Trust (NYSE:VNO) is scheduled to report fourth-quarter and full-year 2019 results on Feb 18, after the closing bell. Results are projected to display year-over-year declines in revenues and funds from operations (FFO) per share.
In the last reported quarter, this New York-based real estate investment trust (REIT) reported a positive surprise of 2.30% in terms of FFO per share. Total same-store NOI in the New York portfolio and 555 California buoyed the company’s performance.
Over the preceding four quarters, Vornado exceeded the Zacks Consensus Estimate on one occasion and missed in other three, the average negative surprise being 5.33%. This is depicted in the graph below:
Vornado Realty Trust Price and EPS Surprise
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