Welcome to our dedicated page for Vornado Realty Trust news (Ticker: VNO), a resource for investors and traders seeking the latest updates and insights on Vornado Realty Trust stock.
Vornado Realty Trust (NYSE: VNO) is a top-tier owner, manager, and developer of office and retail properties. With a strong presence in key markets such as New York City, Chicago, and San Francisco, Vornado's portfolio includes some of the most prestigious Class A office and retail spaces in the nation. The company's total portfolio encompasses over 27 million square feet of LEED-certified buildings, underscoring its commitment to sustainability and environmental stewardship.
Since its inception, Vornado has been at the forefront of the real estate industry. The company celebrated its 50th anniversary on the New York Stock Exchange in 2012, emphasizing its longstanding influence and stability within the market. Vornado has also been recognized with the Energy Star Partner of the Year Award for Sustained Excellence in 2020, further cementing its role as a leader in sustainable real estate development.
Vornado's strategic focus on high-quality assets in prime locations has been a key driver of its success. In New York City, the company owns and manages an impressive array of properties, including iconic buildings in Manhattan. The company's presence extends to other major markets, with significant assets in both Chicago and San Francisco.
Recently, Vornado announced that it will file its annual report on Form 10-K for the year ended December 31, 2023, with the U.S. Securities and Exchange Commission. The company will also release its fourth-quarter and full-year earnings on February 12, 2024, followed by a quarterly earnings conference call and webcast on February 13, 2024, at 10:00 a.m. Eastern Time.
Vornado continues to engage in active development and redevelopment projects, maintaining a dynamic and forward-looking approach to real estate investment. The company's financial health, evidenced by consistent earnings releases and strategic dispositions, ensures its position as a reliable and influential player in the real estate market.
Vornado Realty Trust (NYSE:VNO) has announced its quarterly preferred dividends, effective July 3, 2023, for shareholders recorded as of June 15, 2023. The declared dividends include:
- 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
This announcement demonstrates the company's ongoing commitment to its shareholders through consistent dividend payments, despite existing economic challenges.
Vornado Realty Trust (NYSE:VNO) announced the postponement of dividends on its common shares until the end of 2023, contingent on finalizing its taxable income and asset sales. The Board will decide on dividend payment methods, which may include cash or a combination of cash and securities.
Additionally, Vornado's Board has authorized a share repurchase program of up to $200 million to enhance shareholder value. Funds saved from the postponed dividends and asset sales will be allocated towards debt reduction or share repurchases. The company may execute these repurchases through various means, with decisions based on economic and market conditions. The program has no expiration date and can be suspended at any time.
Vornado Realty Trust (NYSE:VNO) will file its Form 10-Q for the quarter ending March 31, 2023, on May 1, 2023, after market close. The company will also host a quarterly earnings conference call on May 2, 2023, at 10:00 a.m. ET, accessible via phone and online. Vornado is a fully-integrated equity real estate investment trust (REIT).
Investors are advised that certain statements in the release contain forward-looking statements, which may not guarantee future performance and involve risks, including interest rate increases and inflation. These factors could materially affect the company's future results and operations.
Vornado Realty Trust (NYSE: VNO) released its 2022 Environmental, Social, & Governance (ESG) report, marking its fourteenth annual overview. The report highlights significant sustainability achievements, including:
- 100% renewable energy credits sourced from hydroelectric, solar, and wind facilities.
- A 28% reduction in overall energy consumption since 2009.
- A waste diversion rate of 64%, aiming for a 75% long-term target.
- Awarded NAREIT Leader in the Light and Energy Star Partner of the Year with Sustained Excellence.
- Community programming launched at THE PENN District through the Worklife program.
- Board refreshment with the appointment of Raymond J. McGuire.
Full details are available on the company’s website.
Vornado Realty Trust (NYSE: VNO) reported a net loss of $493.3 million or $2.57 per diluted share for Q4 2022, contrasting a net income of $11.3 million or $0.06 per diluted share in Q4 2021. The full year net loss was $408.6 million, or $2.13 per share, compared to $101.1 million in net income for 2021. Adjusted net income for Q4 was $20.0 million ($0.10/share) versus $23.0 million ($0.12/share) in 2021. Funds from Operations (FFO) for Q4 2022 was $176.5 million ($0.91/share), up from $141.0 million ($0.73/share) in the previous year. The company recognized significant non-cash impairment charges of $595.5 million. Vornado also declared a reduced quarterly dividend of $0.375 per share.
FAQ
What is the current stock price of Vornado Realty Trust (VNO)?
What is the market cap of Vornado Realty Trust (VNO)?
What does Vornado Realty Trust do?
Where are Vornado Realty Trust's properties located?
What is Vornado Realty Trust's commitment to sustainability?
When will Vornado Realty Trust release its annual report for 2023?
How can I listen to Vornado Realty Trust's earnings call?
What type of properties does Vornado Realty Trust invest in?
How long has Vornado Realty Trust been listed on the NYSE?
Who can I contact for more information about Vornado Realty Trust?
What recent awards has Vornado Realty Trust received?
What is the ticker symbol for Vornado Realty Trust?
