Vornado Realty Trust gains on Q2 beat

Vornado Realty Trust

01/08/2023 13:12

** Shares of commercial REIT Vornado Realty Trust  VNO.N   
rise 3.65% to $23.3 premarket
    ** It reports Q2 adj. EPS of 14 cents, beating analysts'
forecast of 5 cents - Refinitiv
    ** Q2 rev rises to $472.4 mln from $453.5 mln a year ago,
beats Wall Street's consensus of $441.8 mln
    ** Q2 funds from operations (FFO) at 74 cents/shr vs
estimates of 63 cents/shr
    ** Only one of the brokerages covering the stock rate it
"buy", five going for "hold" and six "sell" or lower; their
median PT is $13.5
    ** Up to last close, stock had risen 8% YTD

 (Reporting by Shashwat Chauhan in Bengaluru)
 ((Shashwat.Chauhan@thomsonreuters.com;))