Core Insights - Vornado Realty Trust (VNO) has secured a 70,000-square-foot lease with Paramount Television Studios at Sunset Pier 94 Studios for filming the second season of "Dexter: Resurrection" [1][7] Group 1: Facility Overview - Sunset Pier 94 Studios features a total of 232,000 square feet of leasable space, including production support and office areas, with on-site parking and opportunities for exterior signage [2] - The facility includes six purpose-built sound stages, each up to 36 feet high, and is part of a joint venture involving Hudson Pacific Properties, Blackstone Real Estate, and Vornado [2] Group 2: Community and Economic Impact - The studio will provide community benefits such as an extension of Hudson River Park, new public restrooms, 25,000 square feet of waterfront open space, and safety improvements to the bikeway [3] - The project is expected to create 400 permanent jobs and contribute $6.4 billion to the local economy over the next 30 years [3] Group 3: Company Strategy and Market Position - Vornado focuses on high-quality assets and aims to expand its market share in the New York City office market, with significant holdings in San Francisco and Chicago [4] - The lease with Paramount enhances Vornado's diversification into alternative property uses, which is expected to strengthen long-term revenue and earnings visibility [5][7] Group 4: Financial Performance and Analyst Outlook - Vornado's shares have declined by 14.2% over the past month, contrasting with a 0.5% decline in the industry [6] - Analysts have revised the Zacks Consensus Estimate for Vornado's 2025 FFO per share upward to $2.34, while the estimate for 2026 has been adjusted down to $2.39 [6]

Core Insights - Paramount Skydance Corporation (PSKY) is set to report its third-quarter 2025 results on November 10, with revenue expectations of $6.79 billion, reflecting a 0.83% year-over-year increase, and earnings per share (EPS) estimated at 49 cents, unchanged from the previous year [1][9] Group 1: Earnings and Revenue Expectations - The Zacks Consensus Estimate for PSKY's third-quarter revenues is currently pegged at $6.79 billion, indicating a 0.83% increase from the year-ago quarter's reported figure [1] - The consensus mark for earnings is pegged at 49 cents per share, the same as the figure reported in the year-ago quarter, with the estimate remaining unchanged over the past 30 days [1] Group 2: Recent Performance and Trends - PSKY surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters, while missing once, with an average negative surprise of 21.56% [2] - The Direct-to-Consumer segment is expected to have continued its positive trajectory, supported by the domestic debut of South Park and the finale of Dexter: Resurrection, which attracted 3.1 million global viewers [4] - The TV Media segment is anticipated to have maintained CBS' leadership position as the most-watched U.S. broadcast network, aided by the NFL season kickoff and live sports coverage [5] Group 3: Challenges and Costs - Integration and restructuring costs related to the merger with Skydance Media likely impacted profitability as PSKY pursued its $2 billion synergy target [6] - Ongoing linear subscriber declines continued to pressure affiliate and advertising revenues, while the Filmed Entertainment segment may have experienced weaker year-over-year comparisons due to fewer major theatrical releases [6][9] Group 4: Earnings Model Insights - According to the Zacks model, PSKY currently has an Earnings ESP of 0.00% and a Zacks Rank 3, indicating that the odds of an earnings beat are not favorable [7]