Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $1,528 | $1,589 | $1,800 | $1,811 | $1,788 |
| Gross Profit | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$297 | $176 | -$346 | $105 | $70 |
Over the five-year period, Vornado Realty Trust’s revenue showed moderate growth from approximately 1,528 million USD in 2020 to 1,811 million USD in 2023, with a slight decline to 1,788 million USD by 2024. Notably, the gross profit and operating income figures are consistently reported as zero throughout the period, which suggests that either these metrics are not emphasized under the reporting strategy typically used by REITs or that the focus might be on net income performance. Given the nature of the real estate investment trust business—characterized by income derived largely from property operations rather than typical gross margin metrics—the absence of these figures may reflect industry-specific accounting practices. The net income data, however, reveals significant volatility. After a loss of approximately 297 million USD in 2020, the company bounced to a profit of around 176 million USD in 2021, marking a turnaround of more than 150% swing. This positive performance was not sustained, as net income plunged to a loss of approximately 347 million USD in 2022—a swing exceeding 200% compared to the 2021 figures. Subsequently, net income recovered to 105 million USD in 2023 before settling at 70 million USD in 2024. These pronounced year-over-year shifts in profitability raise questions about the drivers behind such swings, which could include market conditions affecting property valuations, changes in occupancy rates, or other operational adjustments within the REIT structure. Overall, while revenue growth appears relatively stable, the fluctuating net income margins suggest that Vornado’s operational performance has faced challenges. Investors should consider this volatility alongside broader sector conditions when assessing the company’s financial health and sustainability.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.