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 past five years, Vornado Realty Trust’s revenue has shown a modest upward trend, growing from approximately USD 1,528 million in 2020 to about USD 1,788 million in 2024. The most notable revenue jump occurred between 2021 and 2022—a rise of about 13%—before leveling off with a slight increase in 2023 and a marginal decline in 2024. However, the absence of reported gross profit and operating income figures limits the depth of efficiency analysis. The revenue numbers suggest a steady top-line performance generally in line with market recovery and stabilization trends in commercial real estate, especially in a post-pandemic context where occupancy and rental rates have been reactive to shifting work patterns. Net income figures reveal a volatile earnings profile. The company swung from a net loss of roughly USD 297 million in 2020 to a positive net income of about USD 176 million in 2021—an improvement highlighting a significant turnaround. Yet, this gain was short-lived, as 2022 saw a steep decline into a net loss of approximately USD 346 million, representing a swing exceeding 100% compared to 2021. By 2023 and 2024, net income had rebounded to USD 105 million and USD 70 million respectively, suggesting some operational stabilization. This cyclical volatility in earnings may stem from market conditions in the competitive real estate sector, variable financing costs, or shifts in property valuations. Overall, while revenue growth and eventual positive net earnings in recent years indicate a resolution of earlier operational challenges, the underlying fluctuations in net income warrant closer examination to assess long-term 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.