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) announced the completion of four significant refinancings totaling $3.2 billion. The company extended its $1.25 billion revolving credit facility's maturity to December 2027 and secured another $1.25 billion facility maturing in April 2026. Additionally, an $800 million term loan was extended to December 2027. Vornado also refinanced a $700 million loan for 770 Broadway and a $480 million loan for 100 West 33rd Street, enhancing liquidity and extending maturities.
Vornado Realty Trust (NYSE:VNO) has successfully completed the sale of the Center Building in Long Island City, New York, for $172.8 million. This eight-story office building spans 498,000 square feet. The company anticipates a financial gain of $15 million to be recognized in the second quarter, along with a tax gain estimated at $74 million.
Vornado Realty Trust operates as a fully-integrated equity real estate investment trust.
Vornado Realty Trust (NYSE: VNO) reported a significant increase in net income for Q1 2022, reaching $26.5 million or $0.14 per diluted share, compared to $4.1 million or $0.02 in Q1 2021. Adjusted net income also rose to $31.7 million or $0.16 per diluted share. Funds from Operations (FFO) attributable to common shareholders increased to $154.9 million or $0.80 per diluted share. Leasing activity included 272,000 square feet of New York office space with an initial rent of $81.07 per square foot. Vornado also announced plans to sell several properties, anticipating significant gains.
Vornado Realty Trust (NYSE:VNO) announced the declaration of its quarterly preferred dividends, with payments scheduled for July 1, 2022. The dividends are as follows: Series A Convertible at $0.8125, Series L Cumulative Redeemable at $0.3375, Series M Cumulative Redeemable at $0.328125, Series N Cumulative Redeemable at $0.328125, and Series O Cumulative Redeemable at $0.278125 per share. Shareholders of record by June 15, 2022, will be eligible for these dividends.
Vornado Realty Trust (NYSE:VNO) has declared a quarterly dividend of $.53 per share, payable on May 20, 2022, to shareholders of record as of May 9, 2022. This announcement underscores the company's commitment to returning value to its investors amidst ongoing market challenges.
Vornado Realty Trust is a fully-integrated equity real estate investment trust, focused on maintaining robust financial performance while navigating the impacts of the COVID-19 pandemic.
Vornado Realty Trust (NYSE:VNO) announced the upcoming filing of its quarterly report on Form 10-Q for the quarter ended March 31, 2022. The earnings release will be issued on May 2, 2022, post-market close, followed by a conference call on May 3, 2022, at 10:00 a.m. ET. Investors can access the call via phone or through a live webcast on Vornado's website. The company is classified as a fully-integrated equity real estate investment trust. Forward-looking statements in the release highlight risks associated with the ongoing COVID-19 pandemic.
Vornado Realty Trust (NYSE: VNO) has released its 2021 Environmental, Social, & Governance (ESG) report, marking its thirteenth consecutive annual report. The report showcases significant sustainability achievements, including a commitment to a 64% carbon reduction by 2030 and a 2.6% decrease in location-based emissions. Vornado also received multiple awards, including the ENERGY STAR Partner of the Year with Sustained Excellence and a top ranking in the Global Real Estate Sustainability Benchmark. Additional ESG program details are available on Vornado's website.
Vornado Realty Trust (NYSE: VNO) reported significant financial improvements for the quarter and year ending December 31, 2021. For Q4 2021, net income attributable to common shareholders was $11.3 million ($0.06 per diluted share), compared to a net loss of $209.1 million in Q4 2020. Adjusted net income was $23 million ($0.12 per share). Full-year net income reached $101.1 million ($0.53 per share), rebounding from a loss of $348.7 million in 2020. Funds from Operations (FFO) for Q4 2021 was $141 million, slightly up from $138.4 million in Q4 2020.
Vornado Realty Trust (NYSE:VNO) will file its annual Form 10-K for the year ended December 31, 2021, and release its Q4 and full-year earnings on February 14, 2022, post-market. A quarterly earnings conference call is scheduled for February 15, 2022, at 10:00 a.m. ET, accessible via phone and webcast. The company warns that forward-looking statements entail risks, particularly due to the ongoing COVID-19 pandemic's impact on finances, operations, and the real estate market, with uncertainties surrounding future developments and government restrictions.
Vornado Realty Trust (NYSE: VNO) has declared quarterly preferred dividends for several series of shares. The Series A Convertible will pay $0.8125 per share, while the Series L will offer $0.3375 per share. Other series include Series M and N at $0.328125 each, and Series O at $0.278125. These dividends are payable on April 1, 2022, to shareholders on record as of March 15, 2022. Vornado is a fully integrated equity real estate investment trust.
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