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Vornado Realty Trust  (VNO)
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    Sector  Services    Industry Real Estate Operations
 
 

EARNINGS REPORT by CSIMarket

Income Positive Again, Modest Revenue Increase


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Vornado Realty Trust announced first quarter 2017 operating income of $156.467 millions



Vornado Realty Trust announced earnings per share of $0.25 and Sales of $675 millions in the first quarter 2017, Company's earnings turn positive per share, versus $-0.61 eps, earned in the same quarter a year ago, although Vornado Realty Trust saw it's Sales rise by 2.04 % in the same period.

In comparison to previous quarter eps dropped by -92.62 % from $3.39 per share and Sales decreased by -2.14 % from $675 millions.
Vornado Realty Trust said it's sales growth was driven by Office segment up 5.53%, while sales in Retail segment fell -18.88%.
Company achieved net income of $74 millions in the first quarter 2017 an improvement versus a net loss of $-92 millions in the same quarter a year ago. Vornado Realty Trust also emphasized it's improving profit margins, where net margin rose to 11.19% in first quarter 2017, and operating margin edged up to 23.7%.
segment have widen the loss. 1Retail segment has slipped into deficit.
Continuing with Vornado Realty Trust's first quarter 2017 report, company pointed out increase in: Merchandise Mart Office Square feet (thousands) 3,578.00 up 0 %, Merchandise Malls Square feet (thousands) 1,802.00 up 0.28 %, New York Office Number of properties 33.00 up 3.13 %, Merchandise Strips Number of properties 1.00 up 0 %, Merchandise Malls Number of properties 3.00 up 0 %, Merchandise Malls Occupancy rate % 97.50 up 0.72 %.
Even higher expansion was registered by the Real Estate Operations company in New York Office Square feet 5.42 %, Washington, DC office Occupancy rate % 4.55 %.
Whereas Retail Square feet posted highest contraction, other declines where in, New York Office Occupancy rate % down -0.92 %, Merchandise Strips Occupancy rate % down -0.53 %, report shows.
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Vornado Realty Trust reported forth quarter 2016 earnings

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