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 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 (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.
Vornado Realty Trust (NYSE: VNO) reported that its reimagined PENN 2 office tower is now 90% leased after signing full-floor leases with technology firms Veeva and Altana.
Veeva leased 62,223 SF for 12 years on the 11th floor, while Altana signed a 10-year, 62,309 SF headquarters lease on the 21st floor. PENN 2 and neighboring PENN 1 form a 4.4 million SF connected campus above Penn Station with extensive amenities and outdoor spaces.
Vornado Realty Trust (NYSE:VNO)/b) reported that its 45.1% owned joint venture completed a
The interest-only loan, fully extended, matures in March 2029 and replaces a prior $155 million facility maturing in November 2026. The new loan is priced at SOFR +3.00% for year one, SOFR +3.35% for year two, and SOFR +3.85% thereafter. The property is fully leased to Aetna and Starbucks.
Vornado (NYSE: VNO) reported Q1 2026 results: a $22.8M net loss vs. $86.8M net income in Q1 2025 and FFO attributable to common shareholders plus assumed conversions of $96.3M ($0.49/share), down from $135.0M ($0.67/share) year-over-year. Adjusted FFO was $103.1M ($0.52/share).
Key corporate actions: share repurchases ($2.75M shares; $79.8M) and a new $300M buyback authorization; acquisitions including 49% of Park Avenue Plaza (valued $1.1B) and 3 East 54th Street ($141M); multiple refinancings and a $500M 2033 notes offering.
Vornado Realty Trust (NYSE:VNO) announced a new $300 million share repurchase program authorized by its Board of Trustees on April 29, 2026. Under the prior $200 million program, Vornado repurchased 6,929,439 shares at an average price of $25.80, with ~$21 million remaining capacity.
Repurchases may occur in the open market or via negotiated transactions, block trades, accelerated share repurchases, or Rule 10b5-1 plans. The program has no expiration, may be suspended, and does not obligate Vornado to repurchase shares.
Vornado Realty Trust (NYSE:VNO) declared quarterly preferred dividends payable July 1, 2026, to holders of record June 15, 2026. The declared per-share amounts are: Series A Convertible $0.8125000, Series L $0.3375000, Series M $0.3281250, Series N $0.3281250, Series O $0.2781250.
Dividends apply to the listed preferred series; contact investor relations for shareholder questions.