reports
Vornado Realty Trust: 1 director
A director at Vornado Realty Trust sold 30,000 shares at 39.640USD and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years c...
Vornado Realty Trust to Purchase 623 Fifth Avenue
Vornado Realty Trust to Purchase 623 Fifth Avenue Vornado Realty Trust623 Fifth Avenue NEW YORK, Aug. 25, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that it has entered into an agreement to purchase the 623 Fifth Avenue office condominium, a 36-story, 382,500 rentable square foot building situated above the flagship Saks Fifth Avenue department store, for $218 million. The building’s location provides for excellent light and air and sweeping, protected views of Midtown including Rockefeller Center and St. Patrick’s Cathedral. The building is currently 75% v...
Vornado JV Completes Sale of 512 West 22nd Street for $205 Million
Vornado JV Completes Sale of 512 West 22nd Street for $205 Million NEW YORK, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its 55% owned joint venture has completed the previously announced sale of 512 West 22nd Street, a 173,000 square foot Class A office building, for $205 million. After repayment of the $123 million mortgage loan encumbering the property and transaction expenses, Vornado’s share of the net proceeds is approximately $38 million. Vornado expects to recognize an approximate $11 million financial statement gain from th...
Vornado Completes $120 Million Refinancing of 4 Union Square South
Vornado Completes $120 Million Refinancing of 4 Union Square South NEW YORK, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that it has completed a $120 million refinancing of 4 Union Square South, a 204,000 square foot Manhattan retail property. The ten-year interest only loan has a fixed rate of 5.64%. The loan replaces the previous $120 million loan that bore interest at SOFR plus 1.50% (5.85% as of August 11, 2025) and was originally scheduled to mature in August 2025. Vornado Realty Trust is a fully-integrated equity real estate investment trust...
Vornado Announces Second Quarter 2025 Financial Results
Vornado Announces Second Quarter 2025 Financial Results NEW YORK, Aug. 04, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) reported today: Quarter Ended June 30, 2025 Financial Results NET INCOME attributable to common shareholders for the quarter ended June 30, 2025 was $743,819,000, or $3.70 per diluted share, compared to $35,260,000, or $0.18 per diluted share, for the prior year's quarter. The increase is primarily due to the $803,248,000 gain related to the 770 Broadway master lease with New York University ("NYU"). FUNDS FROM OPERATIONS ("FFO") attributable to common sh...
Vornado Declares Quarterly Dividends On Preferred Shares
Vornado Declares Quarterly Dividends On Preferred Shares NEW YORK, July 31, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its Board of Trustees has declared the following quarterly preferred dividends: Series A Convertible$.8125000per share Series L Cumulative Redeemable$.3375000per share Series M Cumulative Redeemable$.3281250per share Series N Cumulative Redeemable$.3281250per share Series O Cumulative Redeemable$.2781250per share In each case, dividends are payable on October 1, 2025 to shareholders of record on September 15, 2025. Vornado Realty ...
Vornado Realty Trust Leases 203,000 SF to Verizon for New York Headqua...
Vornado Realty Trust Leases 203,000 SF to Verizon for New York Headquarters in THE PENN DISTRICT Telecommunications giant to relocate its New York headquarters to PENN 2 NEW YORK, July 29, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) today announced that Verizon, the iconic telecommunications firm, will relocate its New York headquarters to PENN 2, Vornado’s reimagined office tower in the heart of THE PENN DISTRICT campus. As part of a 19-year lease, Verizon will occupy nearly 200,000 square feet in office space across the eighth through tenth floors of PENN 2, w...
Vornado Announces Second Quarter Earnings Release Date and Conference ...
Vornado Announces Second Quarter Earnings Release Date and Conference Call Information NEW YORK, July 22, 2025 (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, 2025 with the U.S. Securities and Exchange Commission and issue its second quarter earnings release on Monday, August 4, 2025, after the New York Stock Exchange has closed. The Company will host a quarterly earnings conference call and an audio webcast on Tuesday, August 5, 2025 at 10:00 a.m. Eastern Time (ET). The conference ca...
Vornado Completes $450 Million Refinancing of PENN 11
Vornado Completes $450 Million Refinancing of PENN 11 NEW YORK, July 16, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that it has completed a $450 million refinancing of PENN 11, a 1.2 million square foot Manhattan office building located in THE PENN DISTRICT. The five-year interest only loan matures in August 2030 and has a fixed rate of 6.35%. Vornado paid down by $50 million the prior $500 million loan that bore interest at a rate of SOFR plus 2.06% (swapped to fixed at an all-in rate of 6.28%) and was scheduled to mature in October 2025. Vornado Realt...
Vornado Completes Refinancing of Independence Plaza
Vornado Completes Refinancing of Independence Plaza NEW YORK, June 05, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its 50.1% owned joint venture has completed a $675 million refinancing of Independence Plaza, a 1,328 unit residential complex in the Tribeca submarket of Manhattan. The five-year interest only loan matures in June 2030 and has a fixed rate of 5.84%. This loan replaces the prior $675 million loan that bore interest at 4.25% and was scheduled to mature in July 2025. Vornado Realty Trust is a fully-integrated equity real estate investment trus...
Vornado JV to Sell 512 West 22nd Street for $205 Million
Vornado JV to Sell 512 West 22nd Street for $205 Million NEW YORK, May 14, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its 55% owned joint venture has entered into an agreement to sell 512 West 22nd Street, a 173,000 square foot Class A office building, for $205 million. The sale is expected to close in the third quarter of 2025 and is subject to customary closing conditions. A portion of the proceeds will be used by the joint venture to repay the $123.6 million mortgage loan encumbering the property. Vornado Realty Trust is a fully-integrated equity re...
Vornado Announces First Quarter 2025 Financial Results
Vornado Announces First Quarter 2025 Financial Results NEW YORK, May 05, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) reported today: Quarter Ended March 31, 2025 Financial Results NET INCOME attributable to common shareholders for the quarter ended March 31, 2025 was $86,842,000, or $0.43 per diluted share, compared to a net loss attributable to common shareholders of $9,034,000, or $0.05 per diluted share, for the prior year's quarter. The increase is primarily due to the $76,162,000 net gain recognized upon the disposition of a portion of the 666 Fifth condominiu...
Vornado Completes Master Lease with New York University for 770 Broadw...
Vornado Completes Master Lease with New York University for 770 Broadway NEW YORK, May 05, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that it has completed a master lease with New York University (“NYU”) to lease 1,076,000 square feet at 770 Broadway, on an “as is”, triple net basis for a 70-year lease term. Under the terms of the master lease, a rental agreement under Section 467 of the Internal Revenue Code, NYU made a prepaid lease payment to Vornado of $935 million and will also make annual lease payments to Vornado of approximately $9.3 million during th...
Vornado Declares Quarterly Dividends On Preferred Shares
Vornado Declares Quarterly Dividends On Preferred Shares NEW YORK, April 30, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its Board of Trustees has declared the following quarterly preferred dividends: Series A Convertible$.8125000per share Series L Cumulative Redeemable$.3375000per share Series M Cumulative Redeemable$.3281250per share Series N Cumulative Redeemable$.3281250per share Series O Cumulative Redeemable$.2781250per share In each case, dividends are payable on July 1, 2025 to shareholders of record on June 16, 2025. Vornado ...
Vornado Announces First Quarter Earnings Release Date and Conference C...
Vornado Announces First Quarter Earnings Release Date and Conference Call Information NEW YORK, April 24, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that it will file its quarterly report on Form 10Q for the quarter ended March 31, 2025 with the U.S. Securities and Exchange Commission and issue its first quarter earnings release on Monday, May 5, 2025, after the New York Stock Exchange has closed. The Company will host a quarterly earnings conference call and an audio webcast on Tuesday, May 6, 2025 at 10:00 a.m. Eastern Time (ET). The conference call can ...
Vornado Announces PENN 1 Ground Rent Reset Determination
Vornado Announces PENN 1 Ground Rent Reset Determination NEW YORK, April 22, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that the panel appointed to determine the ground rent payable by Vornado’s subsidiary for the PENN 1 land parcel for the 25-year period beginning June 17, 2023 has determined that the annual rent payable during the current 25-year term will be $15 million. Further, litigation is currently pending between the parties in New York County Supreme Court relating to the matter. To date, the court denied the Vornado subsidiary’s motion to dismiss ...
Vornado’s Retail JV Completes $450 Million Financing of 1535 Broadway
Vornado’s Retail JV Completes $450 Million Financing of 1535 Broadway NEW YORK, April 14, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its 52% owned street retail joint venture has completed a $450 million financing of 1535 Broadway, a premier Times Square retail destination with full blockfront 4K LED signage. The interest only, non–recourse loan carries a fixed rate of 6.90% and matures in May 2030. After transaction costs and reserves, $407 million of the net proceeds from the financing were used to partially redeem Vornado’s Retail JV preferred equi...
Vornado Releases 2024 Sustainability Report
Vornado Releases 2024 Sustainability Report NEW YORK, April 09, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) announced today that it released its 2024 Sustainability Report. This Sustainability Report is Vornado's 16th consecutive sustainability report which highlights the Company's industry-leading accomplishments in sustainability and provides key metrics on the Company’s sustainability priorities. Key achievements for 2024 included: Became the first major real estate owner, operator and developer to achieve 100% LEED® certification across our entire portfolio ...
Vornado Announces Fourth Quarter 2024 Financial Results
Vornado Announces Fourth Quarter 2024 Financial Results NEW YORK, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) reported today: Quarter Ended December 31, 2024 Financial Results NET INCOME attributable to common shareholders for the quarter ended December 31, 2024 was $1,203,000, or $0.01 per diluted share, compared to a net loss attributable to common shareholders of $61,013,000, or $0.32 per diluted share, for the prior year's quarter. FUNDS FROM OPERATIONS ("FFO") attributable to common shareholders plus assumed conversions (non-GAAP) for the quarter ended...
Vornado Declares Quarterly Dividends On Preferred Shares
Vornado Declares Quarterly Dividends On Preferred Shares NEW YORK, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its Board of Trustees has declared the following quarterly preferred dividends: Series A Convertible$.8125000per shareSeries L Cumulative Redeemable$.3375000per shareSeries M Cumulative Redeemable$.3281250per shareSeries N Cumulative Redeemable$.3281250per shareSeries O Cumulative Redeemable$.2781250per share In each case, dividends are payable on April 1, 2025 to shareholders of record on March 17, 2025. Vornado Realty Trust is a fully...
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