Vornado Realty Trust reports developments for a fully integrated equity real estate investment trust focused on premier New York City office, retail and multifamily assets, including the PENN DISTRICT. The company also owns assets in Chicago and San Francisco, and its updates commonly address leasing activity, property acquisitions and redevelopment, operating results, sustainability reporting, financing arrangements and portfolio management.
Recurring VNO news also includes preferred-share dividends, common-share repurchase authorizations, earnings releases and capital-allocation actions. Company announcements often connect tenant activity and Manhattan asset updates with its broader New York-centered real estate portfolio.
Vornado Realty Trust (VNO) reported a third-quarter 2026 net loss of $47.138 million, reversing the prior year's quarterly profit. The loss was $0.25 per diluted share, versus income of $0.06. Funds from operations (FFO), a non-GAAP measure, rose to $122.646 million from $117.372 million; adjusted FFO increased to $0.65 per diluted share from $0.57.
On October 20, Vornado formed the 350 Park Avenue joint venture with Rudin and an affiliate of Kenneth C. Griffin. Vornado holds a 36.1% effective interest. The venture signed a 1,050,000-square-foot Citadel Enterprise Americas anchor lease and closed a $3.3 billion construction loan. Vornado expects an approximately $485 million net gain in the fourth quarter. Separately, the $48 million non-recourse mortgage on 825 Seventh Avenue's office condominium matured unpaid on October 26, resulting in a maturity default.
Vornado Realty Trust (NYSE:VNO) declared quarterly dividends on five preferred share series, payable on January 4, 2027.
Per-share dividends are $0.8125000 for Series A Convertible, $0.3375000 for Series L Cumulative Redeemable, $0.3281250 each for Series M and Series N Cumulative Redeemable, and $0.2781250 for Series O Cumulative Redeemable. All dividends are payable to shareholders of record on December 15, 2026.
Vornado Realty Trust (NYSE: VNO), Ken Griffin and Rudin closed their 350 Park Avenue joint venture and a $3.3 billion construction loan. A Griffin affiliate owns 60% of the venture, Vornado owns 36% and Rudin owns 4%. Citadel Enterprise Americas signed a 1.05 million-square-foot anchor lease, and construction is underway.
The planned 66-story Manhattan office tower will contain 1.9 million square feet, with 850,000 square feet in its high rise available to the market. The project will contribute a combined $150 million for maintenance of St. Patrick’s Cathedral and Saint Bartholomew’s Church through development-rights purchases, plus more than $35 million to the city’s East Midtown Public Realm Improvement Fund. The project received approval through New York City’s Uniform Land Use Review Procedure in September 2025.
Alexander’s (NYSE: ALX) will release its third-quarter earnings on November 2, 2026, before the New York Stock Exchange opens. It will also file its Form 10-Q quarterly report for the quarter ended September 30, 2026, that day.
Vornado Realty Trust (NYSE: VNO), the manager that conducts Alexander’s operations, will host its quarterly earnings conference call and audio webcast on November 3, 2026, at 10:00 a.m. Eastern Time. Information concerning Alexander’s may be discussed on the call.
Vornado Realty Trust (NYSE:VNO) will release third-quarter earnings after the market closes on November 2, 2026. The company also plans to file its Form 10-Q for the quarter ended September 30, 2026 that day.
An earnings conference call and audio webcast will follow on November 3, 2026, at 10:00 a.m. Eastern Time. The webcast will be available in the Investor Relations section of Vornado’s website, with playback available after the call.
Vornado Realty Trust (NYSE: VNO) agreed with Rudin Management and an affiliate of Kenneth C. Griffin (“KG”) to form a joint venture to develop a 1.9 million square foot trophy office tower at 350 Park Avenue in New York.
Citadel Enterprise Americas LLC will enter into a 15-year, 1.05 million square foot anchor lease at the property as its primary New York office. The joint venture will be owned 60% by KG, 36% by Vornado and 4% by Rudin, with an expected development budget of approximately $6.2 billion, including a $3.3 billion construction loan.
According to Vornado, its $500 million land contribution plus about $400 million of additional capital will fund its share over the development period. Vornado will act as developer, operating member, property manager and leasing agent, and will co-manage the venture with KG. The joint venture and construction loan are expected to close in the third quarter of 2026.
Vornado Realty Trust (NYSE: VNO) reported second quarter 2026 net income attributable to common shareholders of $16.4 million, or $0.08 per diluted share, versus $743.8 million, or $3.70, a year earlier, primarily reflecting an $803.2 million gain on the 770 Broadway master lease with NYU recorded in 2025.
FFO attributable to common shareholders plus assumed conversions (non-GAAP) was $144.1 million, or $0.74 per diluted share, up from $120.9 million, or $0.60. FFO, as adjusted rose to $131.1 million, or $0.67 per share, from $113.3 million, or $0.56, aided by rent commencements, the NYU lease impact, variable businesses and Park Avenue Plaza.
For the first half of 2026, Vornado posted a net loss of $6.4 million, or $0.03 per share, versus net income of $830.7 million in 2025, while FFO, as adjusted, was $234.2 million, or $1.19 per share, essentially flat year over year.
During 2026, Vornado acquired interests in Park Avenue Plaza and 3 East 54th Street, realized gains from the sale of interests in Alexander’s Rego Park I and 606 Broadway debt extinguishment, refinanced multiple office mortgages, upsized and extended revolving credit facilities and term loans, and repurchased 1.8 million common shares for $53.5 million. The company also signed new and renewal leases totaling hundreds of thousands of square feet across New York, THE MART and 555 California Street.
Vornado Realty Trust (NYSE: VNO) declared quarterly preferred dividends on five series of preferred shares: Series A Convertible at $0.8125 per share, Series L at $0.3375, Series M at $0.328125, Series N at $0.328125, and Series O at $0.278125. Dividends are payable on October 1, 2026 to shareholders of record on September 15, 2026.
Vornado Realty Trust (NYSE:VNO) will file its Form 10-Q for the quarter ended June 30, 2026 and release its second quarter 2026 earnings on Monday, August 3, 2026, after the New York Stock Exchange closes.
The company will host an earnings conference call and live audio webcast on Tuesday, August 4, 2026 at 10:00 a.m. ET. Investors can join by dialing 888-317-6003 (domestic) or 412-317-6061 (international) using passcode 0217387, or via webcast in the Investor Relations section of www.vno.com, where a replay will also be available.
Vornado Realty Trust (NYSE:VNO) completed its acquisition of a 49% interest in Park Avenue Plaza, a 45-story, 1.2 million rentable square foot Class A office tower, at a $1.1 billion gross valuation ($950 per square foot), a significant discount to replacement cost.
The property is 99% occupied by blue-chip tenants with an 11-year weighted-average lease term and below-market rents. Vornado assumes its share of a $575 million loan at a fixed 2.99% interest rate maturing in November 2031. Fisher Brothers retains 51% ownership and manages and leases the asset, with joint control over major decisions.