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.

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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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Vornado Realty Trust: A Bet On Normalization

NEW YORK, July  14, 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 June 30, 2020 with the U.S. Securities and Exchange Commission and issue its second quarter earnings release on Monday, August 3, 2020, after the New York Stock Exchange has closed.  The Company will host a quarterly earnings conference call and an audio webcast on Tuesday, August 4, 2020 at 10:00 a.m. Eastern Time (ET).

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

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NEW YORK, June  23, 2020  (GLOBE NEWSWIRE) -- VORNADO REALTY TRUST (NYSE: VNO) announced today that it is initiating a process to explore options to recapitalize, either together or separately, 1290 Avenue of the Americas, a 2.1 million square foot Manhattan office building, and 555 California Street, a three building, 1.8 million square foot office campus in San Francisco.

Vornado to Explore Options to Recapitalize 1290 Avenue of the Americas and 555 California Street

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Vornado (VNO) saw a big move last session, as its shares jumped nearly 6% on the day, amid huge volumes.

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Vornado Realty Trust, Inc. (VNO) CEO Steven Roth on Q1 2020 Results - Earnings Call Transcript

Vornado's (VNO) Q1 results reflect a decline in same-store NOI performance of the New York portfolio as well as theMART.

Vornado (VNO) Q1 FFO Misses Estimates, Revenues Surpass

Vornado (VNO) delivered FFO and revenue surprises of -5.26% and 3.46%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Vornado (VNO) Misses Q1 FFO Estimates

NEW YORK, April  29, 2020  (GLOBE NEWSWIRE) -- VORNADO REALTY TRUST (NYSE:VNO) announced today that its Board of Trustees has declared a regular quarterly dividend of $.66 per share payable on May 22, 2020 to common shareholders of record on May 11, 2020.

Vornado Declares Quarterly $.66 Dividend on Common Shares

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Vornado's (VNO) Q1 results are expected to reflect declining revenues due to the impacts of the pandemic on its properties based in New York City.

Key Factors to Impact Vornado (VNO) This Earnings Season

Vornado Realty Trust, the real estate investment trust that owns office, retail and merchandise properties, disclosed Monday that Chief Executive Steven Roth has waved 50% of his "annual base salary," effective April 1 through the end of 2020, in response to the impact on its business from the COVID-19 pandemic.

Vornado's CEO to take 50% base salary cut for rest of 2020; base salary was 7.7% of 2019's total compensation

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Dear Shareholders, We hope this letter finds you and your loved ones healthy and safe during the COVID-19 pandemic.

News for Vornado Realty Trust Stock (VNO)