Vornado Q1 net loss $0.05/share; FFO as adj. $0.55, down 8.3% YoY

VORNADO REALTY LP

Net loss attributable to common shareholders of $9.0M ($0.05/diluted share) vs. net income $5.2M ($0.03) in Q1 2023.
FFO as adjusted (non-GAAP) of $108.8M ($0.55/diluted), down from $116.3M ($0.60) a year ago.
Same store NOI at share declined 4.8% YoY; New York office same store NOI down 4.6%.
New York office occupancy 88.2%; 291,000 sf leased at initial rent $89.23/sf with 11.1-year term.
Completed $75M refinancing of 435 Seventh Ave; extended $1.075B 280 Park Ave loan to Sep 2026.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

VORNADO REALTY LP reported financial results for first quarter of 2024.

Period: first quarter of 2024
Result: reported results

Exact text from the filing

On May 6, 2024 , Vornado Realty Trust (the “Company”), the general partner of Vornado Realty L.P., issued a press release announcing its financial results for the first quarter of 2024.

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Source: SEC EDGAR

accession 0000899689-24-000023

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