NYSE$VNO
Vornado Realty Trust · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Vornado reported a net loss and a decrease in FFO due to the impact of the COVID-19 pandemic, offset by gains from condominium sales.
Vornado Realty Trust reported a net loss attributable to common shareholders of $209.1 million, or $1.09 per diluted share, for the quarter ended December 31, 2020, compared to a net income of $193.2 million, or $1.01 per diluted share, for the prior year's quarter. FFO attributable to common shareholders plus assumed conversions was $138.4 million, or $0.72 per diluted share, compared to $311.9 million, or $1.63 per diluted share, for the prior year's quarter. The results were impacted by the COVID-19 pandemic.
- Net loss attributable to common shareholders was $209.1 million, or $1.09 per diluted share.
- Adjusted non-GAAP net income attributable to common shareholders was $0.957 million, or $0.01 per diluted share.
- FFO attributable to common shareholders plus assumed conversions was $138.4 million, or $0.72 per diluted share.
- Adjusted non-GAAP FFO attributable to common shareholders plus assumed conversions was $127.2 million, or $0.66 per diluted share.
Headline financials
Revenue & EPS history
Vornado · Revenue · Quarterly
$376M
Forward guidance
The impact of the COVID-19 pandemic on Vornado's financial condition and operating results remains highly uncertain but has been and may continue to be material.
Headwinds
- Lower rental income
- Potentially lower occupancy levels at our properties
- Less cash flow available for operating costs
- Less cash flow available to pay our indebtedness
- Less cash flow available for distribution to our shareholders
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2020
-0.2%
Avg return
Earnings day
+0.7%
Avg return
5 days after
-0.1%
Avg return
30 days after
50%
36 / 72 earnings
Positive
+10.7%
Q3 2020
Best reaction
-7.7%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.2% | +8.5% | +17.8% | |
| Q4 2025 | +2.7% | -3.5% | -16.0% | |
| Q3 2025 | -4.8% | -1.4% | -6.0% | |
| Q1 2025 | +3.5% | +5.2% | +5.8% | |
| Q4 2024 | +0.8% | -0.1% | -16.5% | |
| Q3 2024 | +3.7% | +11.0% | +6.2% | |
| Q2 2024 | +7.8% | +8.8% | +18.2% | |
| Q1 2024 | -7.7% | -7.7% | -8.2% | |
| Q4 2023 | -6.6% | -1.4% | -1.7% | |
| Q3 2023 | -1.7% | +18.1% | +21.7% | |
| Q2 2023 | +1.7% | +2.6% | +8.2% | |
| Q1 2023 | -7.2% | -5.3% | -9.7% | |
| Q4 2022 | -0.3% | +6.1% | -16.3% | |
| Q3 2022 | -2.6% | -2.8% | +6.3% | |
| Q2 2022 | -3.4% | -9.0% | -13.7% | |
| Q1 2022 | +0.0% | -6.3% | -12.6% | |
| Q4 2021 | +5.5% | +7.7% | +9.6% | |
| Q3 2021 | +0.9% | +4.6% | -8.1% | |
| Q2 2021 | -2.3% | -1.8% | -1.7% | |
| Q1 2021 | +3.7% | +0.6% | +8.2% | |
| Q4 2020 | -3.3% | +8.8% | +28.5% | |
| Q3 2020 | +10.7% | -1.2% | +29.3% | |
| Q2 2020 | +4.4% | +3.0% | +3.5% | |
| Q1 2020 | -7.5% | -6.2% | -1.7% | |
| Q4 2019 | -5.2% | -8.0% | -56.2% | |
| Q3 2019 | +1.4% | +1.1% | +0.3% | |
| Q2 2019 | +0.9% | -1.7% | -6.9% | |
| Q1 2019 | -1.0% | -3.7% | -4.9% | |
| Q4 2018 | -1.9% | -1.8% | -2.3% | |
| Q3 2018 | +1.4% | -0.3% | +5.3% | |
| Q2 2018 | +2.2% | +2.4% | +9.3% | |
| Q1 2018 | +3.4% | +2.6% | +2.3% | |
| Q4 2017 | -0.3% | -0.0% | +0.8% | |
| Q3 2017 | +2.7% | +0.5% | +5.5% | |
| Q2 2017 | +0.7% | +0.6% | -6.0% | |
| Q1 2017 | +0.1% | -0.6% | -4.2% | |
| Q4 2016 | +2.4% | +3.1% | -1.6% | |
| Q3 2016 | -0.7% | -3.3% | +7.2% | |
| Q2 2016 | -2.1% | -2.4% | -3.8% | |
| Q1 2016 | -1.1% | — | — | |
| Q4 2015 | +1.8% | — | — | |
| Q3 2015 | +0.2% | — | — | |
| Q2 2015 | -0.9% | — | — | |
| Q1 2015 | -3.6% | — | — | |
| Q4 2014 | +0.9% | — | — | |
| Q3 2014 | +1.5% | — | — | |
| Q2 2014 | +0.0% | — | — | |
| Q1 2014 | +0.2% | — | — | |
| Q4 2013 | -0.1% | — | — | |
| Q3 2013 | +0.6% | — | — | |
| Q2 2013 | +0.8% | — | — | |
| Q1 2013 | -0.1% | — | — | |
| Q4 2012 | -0.5% | — | — | |
| Q3 2012 | +0.9% | — | — | |
| Q2 2012 | -2.4% | — | — | |
| Q1 2012 | +2.1% | — | — | |
| Q4 2011 | -2.9% | — | — | |
| Q3 2011 | -0.3% | — | — | |
| Q2 2011 | -6.4% | — | — | |
| Q1 2011 | -1.8% | — | — | |
| Q4 2010 | -1.5% | — | — | |
| Q3 2010 | +0.7% | — | — | |
| Q2 2010 | -1.3% | — | — | |
| Q1 2009 | -4.1% | — | — | |
| Q1 2010 | -4.1% | — | — | |
| Q4 2009 | -0.6% | — | — | |
| Q4 2007 | -0.6% | — | — | |
| Q3 2008 | +0.1% | — | — | |
| Q3 2009 | +0.1% | — | — | |
| Q2 2008 | +0.8% | — | — | |
| Q2 2009 | +0.8% | — | — | |
| Q4 2008 | +0.8% | — | — |
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