VNO Q3 2025 Investor Summary: Financial Turnaround Dominated by Major Lease Gain
Vornado Realty Trust (VNO) reported a dramatic financial surge for the nine months ended September 30, 2025, driven almost entirely by a large, one-time real estate transaction.
Financial Performance Highlights (9M YTD): Net Income attributable to common shareholders exploded to $842.3 Million (versus $7.1M in 2024). This result is overwhelmingly due to an $803.2 Million gain recognized from a sales-type lease related to the 70-year master lease executed with NYU at 770 Broadway, which include
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