Vornado Realty Trust Announces New $300 Million Share Repurchase Program

Vornado Realty Trust (NYSE:VNO) announced a new $300 million share repurchase program authorized by its Board of Trustees on April 29, 2026.

Rhea-AI Summary

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.

Positive

• $300 million new share repurchase authorization
• Prior program repurchased 6,929,439 shares at $25.80 average
• Approximately $21 million remaining capacity under prior program

Negative

• Program does not obligate Vornado to repurchase any shares
• Repurchases may be suspended or discontinued at any time
• Timing and amount depend on market conditions and other considerations

Argus Apr 30 session

+1.84% close to close Open Argus

Details

News Market Reaction – VNO

On Apr 30, the first trading day after this news, VNO closed 1.84% above the previous close.

Data tracked by StockTitan Argus for the Apr 30 session.

Market Context

This announcement highlighted a new $300 million share repurchase program on top of an existing $200...

Analysis

This announcement highlighted a new $300 million share repurchase program on top of an existing $200 million authorization with $21 million of remaining capacity, signaling continued capital return alongside prior buybacks of over 6.9 million shares. It follows recent updates on 2025 financial performance, leasing progress, and balance sheet management. Investors may watch how actively the authorization is used, upcoming earnings on May 4–5, 2026, and broader office REIT sentiment when evaluating the impact.

Key Figures

New buyback authorization: $300 million Prior buyback authorization: $200 million Shares repurchased: 6,929,439 shares +3 more

New buyback authorization

$300 million

Maximum repurchases under new share repurchase program

Prior buyback authorization

$200 million

Size of existing share repurchase program

Shares repurchased

6,929,439 shares

Common shares already repurchased under prior program

Average repurchase price

$25.80 per share

Average price paid under prior buyback program

Remaining prior capacity

$21 million

Approximate remaining capacity under existing repurchase program

Annual report year

2025

Form 10-K year referenced in forward-looking statement risk factors

Historical Context

5 past events · Latest: Apr 21

5 events

1. Apr 21

   Earnings call notice

   24h Move

   -1.8%

   Set dates for filing Form 10-Q and Q1 2026 earnings call.

2. Apr 08

   Sustainability report

   24h Move

   -1.2%

   Released 2025 Sustainability Report highlighting certifications and energy reductions.

3. Mar 18

   Major lease signing

   24h Move

   +1.5%

   Announced 10-year Meta lease for 15,000 sq ft flagship retail space.

4. Mar 11

   Retail lease deal

   24h Move

   -0.5%

   Signed 15-year lease with Le Colonial for 9,600 sq ft restaurant space.

5. Feb 09

   Earnings release

   24h Move

   +2.7%

   Reported Q4 and FY 2025 results with strong net income and FFO growth.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

share repurchase program, block trades, accelerated share repurchase transactions, rule 10b5-1, +1 more

5 terms

share repurchase program financial

"authorized the repurchase of up to $300 million of its outstanding common shares under a new share repurchase program"

A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.

block trades financial

"including through block trades, accelerated share repurchase transactions and/or trading plans"

A block trade is a single, large buy or sell of shares or bonds arranged privately between big traders rather than piecemeal on the public market. Think of it like buying a whole shipment at once instead of many small shopping trips; it lets large holders move big positions with less immediate disruption but can signal strong buying or selling pressure and cause price swings once the trade is known, so investors watch block trades for clues about market sentiment and liquidity.

accelerated share repurchase transactions financial

"including through block trades, accelerated share repurchase transactions and/or trading plans"

A way for a company to buy back a large number of its own shares immediately by contracting with a bank that delivers the stock up front and then fills the trade over time. It matters to investors because it quickly reduces the number of shares outstanding—similar to a store buying back its own coupons to raise the value of each remaining coupon—which can raise profit per share, signal management’s confidence, and change the company’s cash and debt picture.

rule 10b5-1 regulatory

"trading plans intended to qualify under Rule 10b5-1"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

forward-looking statements regulatory

"Certain statements contained herein may constitute “forward-looking statements” within the meaning"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

NEW YORK, April 29, 2026 (GLOBE NEWSWIRE) --

Vornado Realty Trust (NYSE:VNO) announced today that its Board of Trustees has authorized the repurchase of up to $300 million of its outstanding common shares under a new share repurchase program.

Under Vornado’s existing $200 million share repurchase program, Vornado has repurchased 6,929,439 of its common shares at an average price of $25.80 per share and has approximately $21 million of remaining capacity under that prior program.

Share repurchases may be made from time to time in the open market, through privately negotiated transactions or through other means as permitted by federal securities laws, including through block trades, accelerated share repurchase transactions and/or trading plans intended to qualify under Rule 10b5-1. The timing, manner, price and amount of any repurchases will be determined in Vornado’s discretion depending on business, economic and market conditions, corporate and regulatory requirements, prevailing prices for Vornado’s common shares, alternative uses for capital and other considerations. The program does not have an expiration date and may be suspended or discontinued at any time and does not obligate Vornado to make any repurchases of its common shares.

Vornado Realty Trust is a fully-integrated equity real estate investment trust.

CONTACT

Thomas J. Sanelli
(212) 894-7000

Certain statements contained herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not guarantees of performance. They represent our intentions, plans, expectations and beliefs and are subject to numerous assumptions, risks and uncertainties. Our future results, financial condition and business may differ materially from those expressed in these forward-looking statements. You can find many of these statements by looking for words such as "approximates," "believes," "expects," "anticipates," "estimates," "intends," "plans," "would," "may" or other similar expressions in this press release. We also note the following forward-looking statements: the amount and form of potential share repurchases. For a discussion of factors that could materially affect the outcome of our forward-looking statements and our future results and financial condition, see “Risk Factors” in Part I, Item 1A, of our Annual Report on Form 10-K for the year ended December 31, 2025. Currently, some of the factors are interest rate fluctuations and the effects of inflation on our business, financial condition, results of operations, cash flows, operating performance and the effect that these factors have had and may continue to have on our tenants, the global, national, regional and local economies and financial markets and the real estate market in general.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Vornado (VNO) announce about its new share repurchase program on April 29, 2026?

Vornado authorized a new $300 million share repurchase program. According to Vornado, repurchases may be made in the open market, via negotiated trades, block trades, accelerated share repurchases, or Rule 10b5-1 plans.

How many shares did Vornado (VNO) repurchase under its prior $200 million program and at what average price?

Vornado repurchased 6,929,439 common shares at an average price of $25.80. According to Vornado, about $21 million of capacity remained under that prior program.

Does Vornado’s (VNO) new repurchase program have an expiration date or mandatory repurchases?

The program has no expiration and does not obligate Vornado to repurchase shares. According to Vornado, it may be suspended or discontinued at any time based on business and market conditions.

How will Vornado (VNO) decide the timing and amount of share repurchases under the new program?

Vornado will determine timing, manner, price, and amount at its discretion. According to Vornado, decisions will consider market conditions, corporate and regulatory requirements, and alternative capital uses.

Can Vornado (VNO) use Rule 10b5-1 plans or accelerated share repurchase transactions under the new program?

Yes. According to Vornado, repurchases may include block trades, accelerated share repurchase transactions, and trading plans intended to qualify under Rule 10b5-1, subject to applicable securities laws.