Vornado Realty Trust

Vornado Realty Trust is a real estate investment trust. The company owns office, retail, merchandise mart properties and other real estate and related investments. Its office properties include various building office complexes and the Bank of America Center in San Francisco. The company's retail properties include shopping centers and regional malls single tenant retail assets. Its other real estate and related investments include marketable securities and mezzanine loans or real estate. The company was founded by Steven Roth in 1980 and is headquartered in New York, NY.

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Vornado Realty Trust reports mixed Q4 results, eyes NYC growth

Vornado Realty Trust navigated challenges from higher interest rates in Q4 2022, maintaining strong liquidity and strategic financial positioning.
The company's focus on New York City and successful lease negotiations showcase its resilience and ability to capitalize on market opportunities.
While facing uncertainties in 2023, Vornado remains proactive in managing its portfolio and exploring growth avenues in the retail and office sectors.
Investors should monitor Vornado's lease negotiations, financial adjustments, and potential growth in Manhattan's retail market for future performance indicators.

Vornado Realty Trust reports strategic share buyback amid leasing strength

Vornado Realty Trust's Q1 2023 performance showcased a decline in comparable FFO but strong leasing activity and a strategic share buyback program.
The company's strengths lie in leasing to financial services and law firms, creating premium tenant experiences, and maintaining a robust operational foundation.
Challenges include navigating asset sales in current market conditions and adapting to evolving office space preferences post-pandemic.
Opportunities exist in attracting major tenants, capitalizing on the return to office trend, optimizing asset sales, and adapting properties to collaborative workspaces.

Vornado Realty Trust reports mixed Q2 results, eyes portfolio resilience

Vornado Realty Trust faced challenges from higher interest rates and nonrecurring items impacting FFO, but maintained strong leasing activity in New York.
The company focused on financial stability through cash conservation, balance sheet protection, and asset sales to reduce debt.
Analysts raised concerns about pandemic effects on office space demand, while management highlighted the strength of their key portfolios.
Despite financing market constraints, Vornado's strong liquidity position and proactive measures position them well for future opportunities.

Vornado Realty Trust shows resilience amidst market challenges in Q3

Vornado Realty Trust navigates market challenges with resilience, leveraging strong leasing activity and progress on key developments. Despite a decrease in FFO, the company's strategic focus on balance sheet strength and liquidity positions it well for future opportunities and growth.

Vornado Realty Trust reports resilient Q4 performance amidst market challenges

Vornado Realty Trust navigated Q4 2023 well, with a strong focus on New York City office leasing and retail rebounding in prime locations.
While 2024 is expected to be a challenging year due to higher interest rates and turnover, the company sees opportunities for growth through decreased rates, increased occupancy, and upcoming developments.
Maintaining a strong balance sheet, focusing on New York-centric operations, and strategic refinancing efforts position Vornado for future success despite current challenges.

Vornado Realty Trust reports lower FFO but strong leasing performance

Vornado Realty Trust (VNO) navigated challenges of lower FFO with strong leasing performance and strategic financial management in Q3 2024.
The company's focus on the Manhattan office market's strengths, disciplined cash management, and growth opportunities signal resilience and strategic positioning.
Despite financial headwinds, VNO's positive leasing trends, liquidity position, and openness to acquisitions underscore a proactive approach to market dynamics.
VNO's emphasis on strategic leasing, capitalizing on market conditions, and maintaining liquidity highlight a balanced approach to navigating challenges and seizing growth opportunities.

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Vornado Realty Trust is a real estate investment trust, which engages in the ownership of office, retail, merchandise mart properties, and other real estate and related investments. It operates through the New York and Other segments. The company was founded by Steven Roth on March 29, 1993 and is headquartered in New York, NY.

NEW YORK, Feb. 26, 2021 (GLOBE NEWSWIRE) -- VORNADO REALTY TRUST (NYSE: VNO) announced today that its 55% owned joint venture has completed a $525 million refinancing of One Park Avenue, a 943,000 square foot Manhattan office building. The interest only loan carries a rate of LIBOR plus 1.107% (currently 1.222%) and matures in February 2026, as fully extended.

Vornado Completes $525 Million Refinancing of One Park Avenue

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Vornado Realty Trust (VNO) CEO Steven Roth on Q4 2020 Results - Earnings Call Transcript

Vornado (VNO) registers a decline in the same-store NOI of the New York portfolio as well as theMART on occupancy erosions in fourth-quarter 2020.

Vornado (VNO) Q4 FFO Tops, Revenues Dip on Lower Occupancy

NEW YORK, Feb. 16, 2021 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) reported today:

Vornado Announces Fourth Quarter 2020 Financial Results

Vornado (VNO) is likely to have seen a net operating income decline in its New York City and theMART segments due to the shutdown of Hotel Pennsylvania and cancellations of trade shows.

What to Expect From Vornado (VNO) This Earnings Season?

NEW YORK, Jan. 29, 2021 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) today announced that its financial results for the three months ended December 31, 2020 will include the items listed in the table below, resulting in a decrease in net income attributable to common shareholders ("net income") of $1.10 per diluted share and an increase in FFO attributable to common shareholders plus assumed conversions ("FFO") of $0.06 per diluted share.

Vornado Announces Certain Items to be Included in its Fourth Quarter 2020 Financial Results

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This one is a predominantly office REIT and its holdings are concentrated in Manhattan. We still love it!

Vornado: A Strong, Quality Play On Office Real Estate

NEW YORK, Dec. 04, 2020 (GLOBE NEWSWIRE) -- VORNADO REALTY TRUST (NYSE:VNO) announced today a dividend on its recently issued Series N Cumulative Redeemable Preferred Shares for the partial period of November 24, 2020 (settlement date) through December 31, 2020 of $.1348958 per share.

Vornado Announces Dividend On Series N Cumulative Redeemable Preferred Shares

Vornado (VNO) reported earnings 30 days ago. What's next for the stock?

Why Is Vornado (VNO) Up 15.5% Since Last Earnings Report?

Vornado Realty Trust said Tuesday it's planning to cut 70 jobs as part of a cost-cutting program that aims to save more than $35 million annually. The real estate investment trust expects to recognize a $23 million hit to net income in the fourth quarter relating to severance anod the costs.

Vornado to cut 70 jobs, reduce costs by more than $35 million annually

NEW YORK, Dec. 01, 2020 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today a series of senior management changes. The Company also announced a $35 million annual overhead reduction program.

Vornado Announces Leadership Changes and $35 Million Annual Overhead Reduction Program

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NEW YORK, Nov. 19, 2020 (GLOBE NEWSWIRE) -- VORNADO REALTY TRUST (NYSE: VNO) today announced the pricing of a public offering of $300 million perpetual 5.25% Series N Cumulative Redeemable Preferred Shares, at a price of $25.00 per share, pursuant to an effective registration statement. The offering is expected to close November 24, 2020, subject to customary closing conditions. The Company may redeem the Series N Preferred Shares at a redemption price of $25.00 per share on and after November 24, 2025. BofA Securities, J.P. Morgan, Morgan Stanley, UBS Investment Bank and Wells Fargo Securities, acted as joint book-running managers.

Vornado Announces Pricing of Public Offering of $300 Million 5.25% Series N Cumulative Redeemable Preferred Shares

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State of the City: Vornado Reports NYC Is Still Depressed

Vornado Realty Trust (VNO) CEO Steven Roth on Q3 2020 Results - Earnings Call Transcript

Vornado Realty's (VNO) Q3 results reflect a decline in the same-store NOI performance of the New York portfolio as well as theMART.

Vornado Realty's (VNO) Q3 FFO Misses, Revenues Top Estimates

Vornado (VNO) delivered FFO and revenue surprises of -7.81% and 0.28%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Vornado (VNO) Lags Q3 FFO Estimates

NEW YORK, Nov. 02, 2020 (GLOBE NEWSWIRE) -- VORNADO REALTY TRUST (NYSE: VNO) reported today:

Vornado Announces Third Quarter 2020 Financial Results

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Vornado's (VNO) Q3 results are expected to reflect low leasing amid the challenging office market condition. Also, write-offs of uncollectible tenant receipts are likely to have hurt the bottom line.

News for Vornado Realty Trust Stock (VNO)