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Vornado Realty Trust 10-Q Filings

VNO NYSE

Every 10-Q that Vornado Realty Trust (VNO) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow VNO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full VNO filings page.

Rhea-AI Summary

Vornado Realty Trust and Vornado Realty L.P. reported second‑quarter 2026 total revenues of $462.2 million, up modestly from $441.4 million a year earlier, driven by higher rental revenues and income from partially owned entities. For the first six months of 2026, revenues were $921.3 million versus $903.0 million in 2025.

Net income attributable to Vornado for the quarter was $32.0 million, far below the prior year’s $759.3 million, which had been boosted by an $803.2 million gain on a sales‑type lease and other asset sale gains. For the first half, net income attributable to Vornado was $24.6 million, compared with $861.7 million a year earlier.

Total assets were $15.6 billion and total liabilities $8.9 billion as of June 30, 2026. Operating cash flow for the first half was $211.5 million, down from $1.08 billion, largely reflecting the absence of prior‑year one‑time items. During the quarter Vornado repurchased 1.8 million common shares for $53.5 million under its expanded $500 million authorization and continued to operate through its UPREIT structure, holding a 91.2% interest in the Operating Partnership. The company also expanded its New York office portfolio, including a 49% interest in Park Avenue Plaza at a $1.1 billion valuation, and executed multiple significant refinancings and a new $500 million 5.75% senior notes issue due 2033.

Rhea-AI Summary

Vornado Realty Trust reported a first-quarter 2026 net loss attributable to common shareholders of $22.8 million, or $0.12 per share, compared with earnings of $86.8 million, or $0.45 per share, a year earlier. Total revenues were $459.1 million, slightly below $461.6 million in 2025, as rental income softened and income from partially owned entities fell sharply, mainly due to the absence of prior-year asset sale gains.

The company still generated $47.7 million of cash from operating activities and ended the quarter with $1.21 billion of cash and restricted cash. Vornado continued to reshape its portfolio and balance sheet, acquiring 3 East 54th Street in Manhattan for $141 million and investing heavily in development and joint ventures.

Management also executed major financing actions, including refinancing and upsizing revolving credit facilities and an unsecured term loan, issuing $500 million of 5.75% senior unsecured notes due 2033, and refinancing large Manhattan mortgages. Vornado repurchased 2.75 million common shares for $79.9 million under its $200 million buyback program, leaving $40.1 million authorized for future repurchases.

Rhea-AI Summary

Vornado Realty Trust reported a return to profitability in Q3 2025. Total revenues were $453.7 million, up slightly from $443.3 million a year ago, as rental revenue held at $389.1 million and fee and other income rose to $64.6 million. Net income was $19.2 million versus a loss of $19.5 million last year, and net income attributable to common shareholders was $11.6 million, or $0.06 per diluted share, compared with a loss of $0.10 per share.

Year-to-date, net income reached $932.3 million, benefiting from an $803.2 million gain on a sales-type lease and a $901.4 million prepaid lease payment recorded in operating cash flows. Operating cash flow was $1.11 billion, while financing cash flow reflected $1.90 billion of debt repayments and $835.4 million of new borrowings.

The balance sheet strengthened: mortgages payable declined to $4.92 billion from $5.68 billion, senior unsecured notes fell to $746.9 million from $1.20 billion, and cash increased to $1.01 billion from $733.9 million. Total liabilities decreased to $8.73 billion, and total equity rose to $6.24 billion. Common shares outstanding were 192,054,832 as of September 30, 2025.