Investing.com - Vornado reported on Monday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Vornado announced earnings per share of $0.14 on revenue of $378.9M. Analysts polled by Investing.com anticipated EPS of $0.1422 on revenue of $378.74M.
Vornado shares are up 16% from the beginning of the year and are trading at $43.32 , down-from-52-week-high.They are under-performing the S&P 500 which is up 16.8% from the start of the year.
Vornado follows other major Real Estate sector earnings this month
Vornado's report follows an earnings beat by American Tower on Thursday, who reported EPS of $1.65 on revenue of $2.3B, compared to forecasts EPS of $1.28 on revenue of $2.21B.
Prologis had beat expectations on Monday, July 19, 2021 with second quarter EPS of $0.81 on revenue of $1.01B, compared to forecast for EPS of $0.4287 on revenue of $1.01B.
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