Transaction Details - Vornado Realty Trust's 52% owned street retail joint venture completed the sale of a portion of its U S flagship store at 666 Fifth Avenue to UNIQLO for $350 million [1] - The joint venture retains ownership of 23 832 square feet of retail space at 666 Fifth Avenue including the Abercrombie & Fitch and Tissot stores [1] Financial Impact - Net proceeds from the sale amounted to $342 million which were used to partially redeem Vornado's $390 million of preferred equity on the asset [2] Company Overview - Vornado Realty Trust is a fully-integrated equity real estate investment trust [2]

NEW YORK, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its Board of Trustees has declared a dividend of $.74 per common share. The dividend will be payable on December 27, 2024 to shareholders of record on December 16, 2024. For 2025, Vornado anticipates continuing its recent common share dividend policy of paying one common share dividend in the fourth quarter of 2025. Vornado Realty Trust is a fully-integrated equity real estate investment trust. CONTACT Thomas J. ...

It has been about a month since the last earnings report for Vornado (VNO) . Shares have added about 0.1% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Vornado due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Vornado's Q3 FFO & Revenues Beat Estimates, Same-Sto ...

Vornado Realty Trust’s (VNO) ability to cater to the rising demand for premier office spaces with class-apart amenities is likely to drive leasing activity. Its portfolio-repositioning efforts also augur well. A healthy balance sheet position supports the company’s growth endeavors. However, ongoing choppiness in the office real estate market, geographic concentration of assets and competition raise concerns.This month, the office real estate investment trust (REIT) company reported third-quarter 2024 funds ...

Shares of Vornado Realty Trust (VNO) have gained 81% in the past six months, outperforming its industry’s growth of 17.3%.This office real estate investment trust (REIT) company owns a concentration of high-quality office properties strategically located in markets of New York, Chicago and San Francisco. It is poised to benefit from tenants’ healthy demand for premier office spaces with class-apart amenities. A healthy balance sheet position supports this Zacks Rank #3 (Hold) company’s growth endeavors.This ...

Manhattan saw its October 2024 office vacancy rate dip by 90 basis year-over-year to 16.8%. This came with the highest asking rents in the US at $67.93 per square foot. The borough has also seen new office construction slow withThe equity market is a powerful mechanism as daily fluctuations in price get aggregated to incredible wealth creation or destruction over the long term. Pacifica Yield aims to pursue long-term wealth creation with a focus on undervalued yet high-growth companies, high-dividend ticker ...

I last wrote about Vornado Realty Trust (NYSE: VNO ) at the beginning of the year, when I downgraded the stock after a strong rally through the end of last year. At the time, VNO's shares had rallied backAuthor of the Macro Trends & Inflection Points Newsletter. I spent 5 years as a co-founder and hedge fund CIO / manager. Before that, I was a hedge fund analyst/portfolio manager at a leading Canadian alternative asset manager. I write articles as part of my own due diligence on the stocks that I find inter ...

Vornado Realty Trust (NYSE:VNO) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Steven Borenstein - Senior Vice President and Corporate Counsel Steven Roth - Chairman and CEO Michael Franco - President and CFO Glen Weiss - Executive Vice President, Office Leasing and Co-Head, Real Estate Tom Sanelli - Executive Vice President, Finance and CAO Conference Call Participants John Kim - BMO Capital Markets Steve Sakwa - Evercore ISI Floris van Dijkum - Compass Point Dylan Burzi ...

Vornado Realty Trust’s (VNO) third-quarter 2024 funds from operations (FFO) plus assumed conversions, on an adjusted basis, were 52 cents per share, which beat the Zacks Consensus Estimate of 51 cents. However, the figure declined 21.2% year over year.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The results displayed better-than-anticipated top-line growth. Vornado witnessed decent leasing activity during the quarter. However, total same-store net operating income (NOI) declined ...

Vornado (VNO) reported $443.26 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 1.7%. EPS of $0.52 for the same period compares to $0.28 a year ago.The reported revenue represents a surprise of +0.58% over the Zacks Consensus Estimate of $440.72 million. With the consensus EPS estimate being $0.51, the EPS surprise was +1.96%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...