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.

Earnings data Q1 2021

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Earnings data Q3 2024

Earnings data Q4 2024

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.

Vornado Realty Trust: This NYC Landlord Has Rarely Been This Cheap

NEW YORK, Oct. 20, 2020 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) today announced that its financial results for the three months ended September 30, 2020 will include the items listed in the table below, resulting in an increase in net income attributable to common shareholders ("net income") of $0.37 per diluted share and an increase in FFO attributable to common shareholders plus assumed conversions ("FFO") of $0.87 per diluted share.

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

NEW YORK, Oct. 16, 2020 (GLOBE NEWSWIRE) -- VORNADO REALTY TRUST (NYSE: VNO) announced today that it has completed a $500 million refinancing of PENN11, a 1.2 million square foot Manhattan office building. The interest-only loan carries a rate of LIBOR plus 2.75% (currently 2.90%) and matures in October 2025, as fully extended.

Vornado Completes $500 Million Refinancing of PENN11

NEW YORK, Oct. 15, 2020 (GLOBE NEWSWIRE) -- VORNADO REALTY TRUST (NYSE: VNO) announced today that it will file its quarterly report on Form 10-Q for the quarter ended September 30, 2020 with the U.S. Securities and Exchange Commission and issue its third quarter earnings release on Monday, November 2, 2020, after the New York Stock Exchange has closed. The Company will host a quarterly earnings conference call and an audio webcast on Wednesday, November 4, 2020 at 10:00 a.m. Eastern Time (ET).

Vornado Announces Third Quarter 2020 Earnings Release Date and Conference Call Information

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

Vornado (VNO) Down 2.7% Since Last Earnings Report: Can It Rebound?

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Let's see if Vornado Realty (VNO) stock is a good choice for value-oriented investors right now from multiple angles.

Is Vornado Realty (VNO) a Suitable Pick for Value Investors?

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Vornado Realty Trust (VNO) CEO Steven Roth on Q2 2020 Results - Earnings Call Transcript

Vornado Realty's (VNO) Q2 results reflect a decline in the same-store NOI performance of the New York portfolio as well as theMART.

Vornado Realty's (VNO) Q2 FFO & Revenues Miss Estimates

Vornado Shares Jump 5.7% As Facebook Leases Space At New York Farley Building

New York City is continuing to live up to its “Silicon Alley” moniker.

Facebook Leases Large Space At Manhattan’s Farley Building, Signaling Confidence In The City And Office Buildings

The biggest lease of the year is done – and it’s momentous good news for a limping office-leasing market in a city beleaguered by the coronavirus. Facebook on Monday closed on a long-awaited deal for 730,000 square feet at Vornado’s Farley Building, the former post office site between Madison Square Garden and the Hudson Yards.

Facebook closes on massive NYC office expansion

Facebook has leased all the office space at the landmark Farley Building, a 1912 Beaux Arts former post office in Manhattan, in a deal that marks a major expansion of the company's business operations in the city.

Facebook leases workspace at landmark New York landmark building

Vornado (VNO) delivered FFO and revenue surprises of -25.68% and -6.07%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Vornado (VNO) Q2 FFO and Revenues Lag Estimates

Despite the pandemic, the social media giant leased all the office space in the former main post office at Penn Station in Midtown.

Facebook Bets Big on Future of N.Y.C., and Offices, With New Lease

Facebook Inc. FB, -0.67% plans to lease the Farley Building, a centerpiece of a large New York City project in the works from Vornado Realty Trust VNO, -1.44% , the companies announced Monday afternoon, sending Vornado shares higher in after-hours trading.

Vornado stock spikes after Facebook agrees to lease Farley Building in New York

NEW YORK, Aug.  03, 2020  (GLOBE NEWSWIRE) -- VORNADO REALTY TRUST (NYSE: VNO) reported today:

Vornado Announces Second Quarter 2020 Financial Results

NEW YORK, Aug.  03, 2020  (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) today announced that Facebook (Nasdaq: FB) has leased 730,000 square feet comprising all of the office space at The Farley Building in Vornado’s PENN DISTRICT.

Facebook Leases 730,000 Square Feet at Vornado’s Farley Building

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NEW YORK, July  30, 2020  (GLOBE NEWSWIRE) -- VORNADO REALTY TRUST (NYSE:VNO) announced today that in recognition of the uncertain and rapidly changing environment caused by the COVID-19 pandemic, its Board of Trustees has declared a decreased quarterly dividend of $.53 per share, an annual dividend rate of $2.12. The decrease is consistent with Vornado’s policy of paying out 100% of taxable income.

Vornado Declares Quarterly Common Dividend of $.53 per Share, a New Indicated Annual Rate of $2.12

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Vornado's (VNO) Q2 results are anticipated to reflect declining revenues due to straight-line rent write-offs and reserves for tenant credits at its properties based in New York City.

Factors Setting the Tone for Vornado's (VNO) Q2 Earnings

NEW YORK, July  20, 2020  (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) today announced that its financial results for the three months ended June 30, 2020 will include the items listed in the table below, resulting in a reduction in net income attributable to common shareholders ("net income") of $0.99 per diluted share and an increase in FFO attributable to common shareholders plus assumed conversions ("FFO") of $0.51 per diluted share.

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

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News for Vornado Realty Trust Stock (VNO)