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 successfully finalized transactions involving 350 Park Avenue and 40 East 52nd Street with Citadel Enterprise Americas LLC and Kenneth C. Griffin. All required third-party approvals have been secured, making the master lease and agreements effective. Vornado is a leading owner and manager of office and retail properties, primarily in New York City, with a portfolio exceeding 26 million square feet of LEED-certified buildings. This strategic move signifies Vornado's commitment to enhancing its real estate assets and maintaining its position in key markets.
On January 18, 2023, Vornado Realty Trust (NYSE:VNO) announced its Board of Trustees declared quarterly preferred dividends for various series. The dividends are as follows:
- Series A Convertible: $0.8125 per share
- Series L Cumulative Redeemable: $0.3375 per share
- Series M Cumulative Redeemable: $0.328125 per share
- Series N Cumulative Redeemable: $0.328125 per share
- Series O Cumulative Redeemable: $0.278125 per share
All dividends are payable on April 3, 2023, to shareholders of record on March 15, 2023. Vornado Realty Trust is a fully-integrated equity real estate investment trust.
Vornado Realty Trust (NYSE:VNO) announced a reduced quarterly dividend of $0.375 per share due to current economic conditions and increased interest expenses, impacting their projected taxable income for 2023. This decision reflects the company’s cautious approach in light of challenging capital markets. The dividend payment is scheduled for February 10, 2023, to shareholders on record as of January 30, 2023. Vornado is a fully-integrated equity real estate investment trust, facing ongoing uncertainties from external factors such as inflation and the COVID-19 pandemic that could affect its business outlook.
Vornado Realty Trust (NYSE:VNO) and Rudin have finalized agreements with Citadel Enterprise Americas LLC for transactions involving 350 Park Avenue and 40 East 52nd Street, pending third-party approvals. Citadel will master lease the 350 Park Avenue office for ten years at an initial annual net rent of $36 million. Vornado and Rudin will jointly purchase 39 East 51st Street for $40 million, intending to create a premium development site valued at $1.2 billion. Citadel plans a 15-year anchor lease for approximately 850,000 square feet in the future development.
Vornado Realty Trust (NYSE: VNO) reported its Q3 2022 financial results, revealing a significant decrease in net income attributable to common shareholders, down to $7.8 million ($0.04/share) from $37.7 million ($0.20/share) year-over-year. Adjusted net income improved to $37.4 million ($0.19/share) compared to $25.9 million ($0.14/share) in the prior year. Funds from Operations (FFO) also saw a decline, totaling $152.5 million ($0.79/share), down from $158.3 million ($0.82/share). VNO anticipates the sale of 40 Fulton Street, expected to close in Q4 2022, with a projected net gain of $33 million.
Vornado Realty Trust (NYSE:VNO) declared quarterly preferred dividends for various series. Series A Convertible holders will receive $0.8125 per share; Series L, $0.3375; Series M and N, $0.328125; and Series O, $0.278125. All dividends are payable on January 3, 2023, to shareholders on record by December 15, 2022. Vornado Realty Trust is a fully integrated equity real estate investment trust, emphasizing confidence in shareholder returns amidst ongoing market challenges.
Vornado Realty Trust (NYSE:VNO) has declared a regular quarterly dividend of $.53 per share, payable on November 18, 2022, to common shareholders of record on November 7, 2022. This decision reflects the company's ongoing commitment to returning value to its shareholders. Vornado Realty Trust operates as a fully-integrated equity real estate investment trust, focusing on real estate investments and management.
Vornado Realty Trust (NYSE:VNO) announced it will file its quarterly Form 10-Q for the period ending September 30, 2022, and release its Q3 earnings on October 31, 2022, after market hours. A quarterly earnings call is scheduled for November 1, 2022, at 10:00 a.m. ET, accessible via phone and webcast. The release emphasizes the ongoing challenges posed by the COVID-19 pandemic, which continues to impact its business operations and tenants significantly.
Vornado Realty Trust (NYSE: VNO) reported a net income of $50.4 million for Q2 2022, up from $48.0 million a year prior. Earnings per diluted share increased to $0.26 from $0.25. Adjusted net income was $37.4 million, or $0.19 per diluted share, compared to $26.8 million, or $0.14 per share in Q2 2021. Funds from Operations (FFO) remained steady at $155.0 million, with adjusted FFO rising to $160.1 million, marking a significant increase from the previous year. For six months ending June 30, 2022, net income reached $76.9 million, up from $52.1 million, reflecting an improving financial trajectory.
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