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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Despite declining office-space demand, Vornado's (VNO) Q4 earnings are likely to have benefited from the healthy demand for its high-quality office properties.

Is a Beat in Store for Vornado (VNO) This Earnings Season?

Vornado Realty Trust (VNO) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Should You Buy Vornado Realty Trust (VNO) Ahead of Earnings?

NEW YORK, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) today announced that its financial results for the quarter ended December 31, 2022 will include approximately $600 million of non-cash impairment charges, of which approximately $480 million relates to Vornado's common equity investment in the Fifth Avenue and Times Square joint venture (“Retail JV”).

Vornado Announces Non-Cash Impairment Charges to be Included in its Fourth Quarter 2022 Financial Results

NEW YORK, Jan. 25, 2023 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that it will file its annual report on Form 10-K for the year ended December 31, 2022 with the U.S. Securities and Exchange Commission and issue its fourth quarter and full year earnings release on Monday, February 13, 2023, after the New York Stock Exchange has closed. The Company will host a quarterly earnings conference call and an audio webcast on Tuesday, February 14, 2023 at 10:00 a.m. Eastern Time (ET).

Vornado Announces Fourth Quarter Earnings Release Date and Conference Call Information

NEW YORK, Jan. 25, 2023 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) and Rudin announced today that they have completed the previously announced transactions with Citadel Enterprise Americas LLC (“Citadel”) and with an affiliate of Kenneth C. Griffin, Citadel's Founder and CEO, relating to 350 Park Avenue and 40 East 52nd Street. All third-party approvals have been obtained and the master lease and other agreements are effective.

Vornado and Rudin Complete 350 Park Avenue and 40 East 52nd Street Transactions

Vornado Realty Trust is poised to join the city's Great Casino Sweepstakes by rolling the dice on a gambling den near Madison Square Garden, The Post has learned.

Vornado to join casino battle royale with gambling den at Hotel Pennsylvania: source

AGNC Investment

Armada Hoffler Properties

Brookfield Asset Management

Broadmark Realty Capital Inc.

Blackstone Group

Douglas Emmett

EPR Properties

Equity Commonwealth

Equity Residential

Global Medical REIT

Innovative Industrial Properties

Industrial Logistics Properties

Medical Properties Trust

Annaly Capital

NexPoint Residential Trust

Sabra Health Care

SL Green Realty

Vanguard Real Estate ETF

Many high-profile billionaires are loading up on REITs at the moment. I present 5 reasons why REITs are attractive to billionaires and average investors alike.

Billionaires Are Buying REITs (And You Should Too)

Vornado's (VNO) 29.2% cut in the quarterly dividend reflects its reduced projection for 2023 taxable income mainly due to higher interest expenses.

Vornado (VNO) Announces a 29.2% Cut in Quarterly Dividend

Shares of Vornado Realty Trust VNO, -0.99% sank 3.7% in premarket trading Thursday, after the New York-based commercial-focused real estate investment trust slashed its quarterly dividend by 29% to 37.5 cents a share. Based on Wednesday's closing price, the dividend cut lowers the implied dividend yield to 6.50% from 9.19%, but that's still well above the yield for the Real Estate Select Sector SPDR ETF XLRE, -1.54% of 3.5%, and nearly four-times the S&P 500's SPX, -1.56% implied yield of 1.72.

Commercial REIT Vornado stock falls after dividend cut, but yield is still above 6%

Vornado Realty Trust VNO, -0.99% said late Wednesday its board has trimmed the company's dividend to 37.5 cents a share, from 53 cents a share, thanks to “the current state of the economy and capital markets.” The reduced dividend is also a reflection of Vornado's reduced projected 2023 taxable income, mostly thanks to higher interest expenses, the company said.

Vornado Realty cuts dividend, blaming it on ‘state of the economy'

NEW YORK, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its Board of Trustees has declared a reduced quarterly dividend of $.375 per share. The decrease is in recognition of the current state of the economy and capital markets and is reflective of Vornado's reduced projected 2023 taxable income, primarily due to higher interest expense.

Vornado Declares Quarterly Common Dividend of $.375 Per Share

Alexandria Real Estate Equities

Best Buy

Boston Properties

Target

Hands up if you've been caught out by a snap dividend cut.

These 5 Dividends Could Get Crushed In 2023

The office real estate market continues to weaken.

Why Vornado Stock Was Falling in December

Vornado is offering a huge 9.8% yield, but investors shouldn't go in expecting the dividend to hold.

Expect This High-Yield Stock to Cut Its Dividend

Vornado Realty's FFO is facing pressure due to the rising rate environment. The REIT has indicated that its Board of Trustees plans to rightsize the dividend in 2023 to enable them to retain more cash.

Vornado Realty: Avoid The Dividend Cut With The 8.6% Preferreds

Vornado (VNO) and Rudin announce agreements with Citadel and KG in connection with a set of transactions outlined for their 350 Park Avenue and 40 East 52nd Street properties.

Vornado (VNO) and Rudin Unveil Agreements on Office Buildings

Vornado has a high-quality portfolio of assets primarily centered around New York. Its PENN District project is progressing along, and management is making moves to protect the balance sheet.

Vornado: Expect A Dividend Cut

NEW YORK, Dec. 09, 2022 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) and Rudin today announced that they have reached agreements with Citadel Enterprise Americas LLC (“Citadel”) and with an affiliate of Kenneth C. Griffin, Citadel's Founder and CEO (“KG”), on a series of transactions relating to 350 Park Avenue and 40 East 52nd Street. Effectiveness of the agreements is subject to the receipt of certain third-party approvals which the parties expect to receive within the next 35 days.

Vornado and Rudin Announce Agreements with Respect to 350 Park Avenue and 40 East 52nd Street

Coterra Energy

Altria

Rio Tinto plc Sponsored

V.F.

Verizon

In a big reversal over the past month, longer-dated Treasury securities yields have tumbled back to levels not seen since early September.

7 Surprising Analyst Favorite Buy-Rated Stocks Pay Huge and Growing Dividends

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

Vornado (VNO) Up 9.1% Since Last Earnings Report: Can It Continue?

ONEOK

Simon Property Group

AT&T

Vale S.A.

In a logical world, one would think, with the Federal Reserve raising interest rates all year long, that rates across the entire Treasury yield curve would head higher.

With Inflation and Interest Rates Falling, 8 Blue Chips With Huge Dividends Are ‘Strong Buys'

NEW YORK, Nov. 16, 2022 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today it has received the following awards reflecting its continued industry-leading commitment to environmental, social, and governance (ESG) practices:

Vornado Continues its Leadership in ESG Earning Top GRESB Ratings and Receiving NAREIT's Leader in the Light Award

Vornado is an office-focused REIT with a significant operating presence in the heart of New York City. The company reported generally positive quarterly results for the period ended September 30, 2022. But it did come with a surprising update on the current dividend payout.

Vornado: Upside Could Offset Any Correction In The Dividend Payout

Devon Energy

Diamondback Energy

Lumen Technologies

Pioneer Natural Resources

Treasury I Bonds used to be the best place going to get a big yield. But now they're getting a run for their money from the S&P 500.

9 Giant Stocks Now Pay Out More Than Treasury I Bonds

Vornado Realty Trust (NYSE:VNO ) Q3 2022 Earnings Conference Call November 1, 2022 10:00 AM ET Company Participants Steven Borenstein - Senior Vice President and Corporation Counsel Steven Roth - Chief Executive Officer Michael Franco - President and Chief Financial Officer Glen Weiss - Executive Vice President, Office Leasing and Co-Head of Real Estate Thomas Sanelli - Executive Vice President, Finance and Chief Administrative Officer Conference Call Participants Steve Sakwa - Evercore Inc. Michael Griffin - Citigroup Inc. Camille Bonnel - Bank of America Alexander Goldfarb - Piper Sandler John Kim - BMO Capital Markets Daniel Ismail - Green Street Advisors, LLC Derek Johnston - Deutsche Bank Anthony Paolone - JPMorgan Chase & Co. Nicholas Yulico - Scotiabank Ronald Kamdem - Morgan Stanley Vikram Malhotra - Mizuho Securities Co., Ltd. Operator Welcome to the Vornado Realty Trust Earnings and Webcast for the Third Quarter of 2022.

News for Vornado Realty Trust Stock (VNO)