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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 450M | 3.2% |
Gross Profit | 299M | 3.3% |
Cost of Revenue | 152M | 3% |
Operating expense | 382M | 1.2% |
Net Income | 51M | 682% |
EBITDA | 260M | 18.3% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 16.2B | 0% |
Total Liabilities | 9.8B | 0.3% |
Total Equity | 5.63B | 1.6% |
Shares Outstanding | 191M | 0% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 195M | 518.3% |
Cash from investing | -178M | 38.8% |
Cash from financing | -48M | 210.9% |
EPS
Financial Highlights for Vornado Realty Trust in Q2 '24
Vornado Realty Trust reported a revenue of 450M, which is a 3.2% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 299M, marking a 3.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 152M, a 3% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 382M, showing a 1.2% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 51M, showing a 682% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 260M, showing a 18.3% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Vornado Realty Trust with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.