Vornado Realty Trust

Q2 FY2026 EarningsFY26 Q2 beat consensus expectations across key top and bottom-line metrics, reporting revenue of $462.2M (+1.91% vs. consensus) and a GAAP EPS of $0.09, significantly ahead of the -$0.09 expected. The performance was driven by a strong recovery in the New York segment, where same-store NOI at share rose 11.9% YoY, particularly in Street Retail. While operating expenses increased due to same-store activity, the bottom line was further bolstered by a $16.1M net gain from the debt extinguishment of 606 Broadway, reinforcing a stable liquidity position of $2.0B.