Vornado Realty Stock Price, News & Analysis

Vornado (NYSE:VNO) announced quarterly preferred dividends payable on January 2, 2026 to holders of record on December 15, 2025. The Board declared per-share amounts for five preferred series:

• 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

Contact information was provided for investor inquiries and the release includes customary forward-looking statement language about risks and uncertainties.

Vornado Realty Trust (NYSE:VNO) will file its Form 10-Q for the quarter ended September 30, 2025 and will issue its third-quarter 2025 earnings release on Monday, November 3, 2025 after the NYSE close. The company will host a quarterly earnings conference call and audio webcast on Tuesday, November 4, 2025 at 10:00 a.m. ET.

Dial-in details: domestic 888-317-6003, international 412-317-6061, passcode 8601197. A live webcast and online playback will be available in the Investor Relations section at www.vno.com. The release notes customary forward-looking statements and refers investors to Risk Factors in the 2024 Form 10-K.

Vornado Realty Trust (NYSE:VNO) has completed the acquisition of 623 Fifth Avenue office condominium for $218 million. The 36-story building, offering 382,500 rentable square feet and located above the flagship Saks Fifth Avenue department store, is currently 75% vacant.

Vornado plans to undertake a complete repositioning and redevelopment of the property to transform it into a premier, best-in-class, Class A boutique office building. This strategic acquisition aligns with Vornado's focus as a fully-integrated equity real estate investment trust.

Vornado Realty Trust (NYSE:VNO) has announced plans to acquire the 623 Fifth Avenue office condominium for $218 million. The 36-story building, spanning 382,500 rentable square feet, is situated above the flagship Saks Fifth Avenue department store.

The property, currently 75% vacant, will undergo a complete repositioning and redevelopment to become a premier Class A boutique office building. The acquisition is expected to close in September 2025, with redevelopment completion and tenant delivery scheduled for 2027. The building will complement Vornado's existing Plaza District and Park Avenue portfolio, which includes several prestigious properties.

Vornado Realty Trust (NYSE:VNO) has completed the sale of 512 West 22nd Street, a 173,000 square foot Class A office building, through its 55% owned joint venture for $205 million.

Following the repayment of the $123 million mortgage loan and transaction expenses, Vornado's share of the net proceeds amounts to $38 million. The company anticipates recognizing a $11 million financial statement gain in the third quarter from this transaction.

Vornado Realty Trust (NYSE:VNO) has successfully completed a $120 million refinancing of its 4 Union Square South property, a 204,000 square foot retail property in Manhattan. The new ten-year interest-only loan features a fixed rate of 5.64%.

This refinancing replaces the previous $120 million loan that had an interest rate of SOFR plus 1.50% (equivalent to 5.85% as of August 11, 2025) and was set to mature in August 2025. The refinancing represents a strategic move to secure long-term fixed-rate financing for this significant Manhattan retail asset.

Vornado Realty Trust (NYSE:VNO) reported significant Q2 2025 financial results, with net income of $743.8 million ($3.70 per share), a substantial increase from $35.3 million ($0.18 per share) in Q2 2024. The surge was primarily driven by an $803.2 million gain from the NYU master lease at 770 Broadway.

FFO for Q2 2025 was $120.9 million ($0.60 per share), compared to $148.9 million ($0.76 per share) in Q2 2024. Notable transactions include NYU's 70-year master lease agreement with a $935 million prepaid payment, the sale of UNIQLO's portion at 666 Fifth Avenue for $350 million, and new financing activities including a $450 million PENN 11 refinancing at 6.35% fixed rate.

The company demonstrated strong leasing activity with 1,479,000 square feet of office space leased in New York during Q2 2025, achieving an 8.7% increase in cash basis rent for second-generation relet space.

Vornado Realty Trust (NYSE:VNO), a fully-integrated equity real estate investment trust, has announced quarterly preferred dividend declarations for multiple series of shares. The dividends include $0.8125 per share for Series A Convertible, $0.3375 for Series L, $0.3281 for Series M and N, and $0.2781 for Series O Cumulative Redeemable shares.

All declared dividends will be payable on October 1, 2025, to shareholders of record as of September 15, 2025.

Vornado Realty Trust (NYSE:VNO) has secured a major 19-year lease agreement with Verizon for its New York headquarters at PENN 2. The telecommunications giant will occupy 203,000 square feet, including office space across the 8th-10th floors and a flagship retail location on Seventh Avenue.

The lease includes 25,000 square feet of exclusive outdoor space. PENN 2, part of THE PENN DISTRICT campus, features modern amenities including a triple-height lobby, outdoor tenant loggias, and 72,000 square feet of outdoor green spaces. The building is already home to notable tenants like Madison Square Garden, Universal Music Group, and Major League Soccer.