Welcome to our dedicated page for Vornado Realty news (Ticker: VNO), a resource for investors and traders seeking the latest updates and insights on Vornado Realty stock.
Vornado Realty Trust (VNO) is a leading real estate investment trust focused on premier office and retail properties in top-tier urban markets. This page provides investors and stakeholders with direct access to official company announcements, financial updates, and strategic developments.
Discover timely information on quarterly earnings, property acquisitions, and sustainability initiatives, including LEED-certified building progress. Our curated collection ensures you stay informed about VNO's market position in New York City, Chicago, and San Francisco without navigating multiple sources.
Key updates include leasing activity in Class A properties, portfolio enhancements, and industry leadership in energy-efficient commercial spaces. Bookmark this page for streamlined access to Vornado's latest operational milestones and regulatory filings.
Vornado Realty Trust (NYSE:VNO) has announced that its 55% owned joint venture has agreed to sell 512 West 22nd Street, a 173,000 square foot Class A office building, for $205 million. The transaction is expected to close in the third quarter of 2025. The joint venture plans to use a portion of the proceeds to repay the $123.6 million mortgage loan that currently encumbers the property. The sale is subject to customary closing conditions.
Vornado Realty Trust (NYSE:VNO) has finalized a significant 70-year master lease agreement with New York University (NYU) for 1,076,000 square feet at 770 Broadway. The deal includes a $935 million upfront payment from NYU, plus annual lease payments of $9.3 million. The triple net lease arrangement allows NYU to assume existing office leases and related tenant income. NYU also secured purchase options for 2055 and 2095.
Vornado utilized part of the prepaid lease payment to clear the property's $700 million mortgage loan. The company will maintain ownership of the 92,000 square feet retail condominium currently leased to Wegmans.
[ "Secured substantial upfront payment of $935 million, strengthening cash position", "Established steady annual revenue stream of $9.3 million for 70 years", "Eliminated $700 million mortgage debt on the property", "Retained valuable 92,000 sq ft retail space leased to Wegmans", "Long-term lease provides stable occupancy with creditworthy tenant (NYU)" ]Vornado Realty Trust (NYSE:VNO) has announced its quarterly preferred dividend distributions. The Board of Trustees declared dividends for multiple series of preferred shares, payable on July 1, 2025, to shareholders of record as of June 16, 2025.
The dividend breakdown includes:
- Series A Convertible: $0.8125000 per share
- Series L Cumulative Redeemable: $0.3375000 per share
- Series M Cumulative Redeemable: $0.3281250 per share
- Series N Cumulative Redeemable: $0.3281250 per share
- Series O Cumulative Redeemable: $0.2781250 per share
As a fully-integrated equity real estate investment trust, Vornado acknowledges potential impacts from interest rate changes and inflation on their business operations, financial condition, and tenant relationships.
Vornado Realty Trust (NYSE:VNO) has scheduled its first quarter 2025 earnings release for Monday, May 5, 2025, after the NYSE market close. The company will host an earnings conference call and audio webcast on Tuesday, May 6, 2025, at 10:00 a.m. ET.
Investors can access the conference call by dialing 888-317-6003 (domestic) or 412-317-6061 (international) with passcode 1149171. A live webcast will be available on www.vno.com in the Investor Relations section, with a playback option following the call.
Vornado Realty Trust (NYSE:VNO) has received a determination regarding the ground rent for its PENN 1 land parcel. A panel has set the annual rent at $15 million for the 25-year term starting June 17, 2023. However, ongoing litigation in New York County Supreme Court could impact this determination.
If the fee owner prevails in the litigation, the annual rent would increase to $20.22 million, applied retroactively to June 17, 2023. As a result of the panel's determination, Vornado will reverse approximately $17.2 million of previously accrued rent expense and will continue to accrue based on the $15 million annual rent until the litigation is resolved.
Vornado Realty Trust (NYSE:VNO) has announced the completion of a $450 million financing for 1535 Broadway, a premier Times Square retail destination featuring full blockfront 4K LED signage. The property is owned through Vornado's 52% owned street retail joint venture.
The financing terms include:
- Interest-only, non-recourse loan
- Fixed interest rate of 6.90%
- Maturity in May 2030
After accounting for transaction costs and reserves, $407 million of the net proceeds were utilized to partially redeem Vornado's Retail JV preferred equity.
Vornado Realty Trust (NYSE: VNO) has released its 16th consecutive sustainability report for 2024, marking significant environmental achievements. The company became the first major real estate entity to achieve 100% LEED® certification across its in-service building portfolio.
Key accomplishments include winning the inaugural Nareit Impact at Scale Award for THE PENN DISTRICT transformation, receiving Energy Star Partner of the Year with Sustained Excellence for the 9th year, and ranking in the top 3% among Office REITs in GRESB.
Notable metrics include:
- 41% reduction in energy consumption compared to 2009 baseline
- 4.7 million kWh reduction in electric consumption through operational optimization
- 59% waste diversion rate across in-service office portfolio
- 100% renewable energy credits procurement in key markets
- Educational assistance provided to over 14.5 million SF of tenants
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