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Vornado reports Q3 2026 net loss of $47M but FFO rises to $0.65 per share, announces major 350 Park Ave joint venture.

Company Fundamentals
02 Nov 2026, 23:25 WIB
GlobeNewsWire
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Bearish
Vornado reports Q3 2026 net loss of $47M but FFO rises to $0.65 per share, announces major 350 Park Ave joint venture.

Vornado Realty Trust reported a net loss of $47.1 million for Q3 2026, a decline from net income of $11.6 million in the prior year period, primarily due to a large gain in 2025 related to a master lease. However, funds from operations (FFO) increased to $0.65 per diluted share, reflecting improved core operating performance. The company formed a new joint venture for developing a 1.9 million square foot office tower at 350 Park Avenue, with Citadel as anchor tenant, and expects to recognize a $485 million gain in Q4 2026 from this deal. Vornado also completed acquisitions and refinancings, maintaining strong leasing activity and positive same-store net operating income growth. The joint venture and development projects position Vornado for future growth despite recent net losses.

Vornado's Q3 2026 financial results provide context for readers following real estate. For readers following real estate, here is Pluang's market snapshot as of Nov 03, 2026 04:11 WIB: of 47 priced US real estate stocks, 35 rose and 12 fell. Notable movers include EPR Properties at USD 59.64 with a 3.34% increase, Healthcare Realty Trust at USD 19.09 up 3.24%, and Healthpeak Properties at USD 19.64 rising 3.21%.

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