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Vornado Realty Trust (VNO)

- NYSE
  • Feb. 25, 2013, 5:35 PM
    Notable earnings after Tuesday’s close: AVGO, AWK, DGI, DWA, EIX, FSLR, GA, GPOR, GWRE, HRZN, JAZZ, MAKO, MIDD, NUVA, ORA, PCLN, QCOR, RENN, REXX, RRC, SPN, STEC, TIVO, VNO, VRSK, ZAGG
    | Feb. 25, 2013, 5:35 PM | Comment!
  • Jan. 25, 2013, 9:21 AM
    Vornado Realty Trust (VNO) closes the sale of Green Acres Mall on Long Island for $500M, with net proceeds of $185M after paying off the mortgage. The company will book a gain of $205M, though taxes will be deferred as the sale was part of a like-kind exchange. (PR)
    | Jan. 25, 2013, 9:21 AM | Comment!
  • Jan. 24, 2013, 8:53 AM
    "(Commercial property) values are increasing but they're not running away," says Starwood (STWD) CEO Barry Sternlicht in an interview about the LNR purchase. He notes money is beginning to move out of fixed income into real property. This isn't news for major city centers, but Sternlicht says it's beginning to spill into "secondary cities."
    | Jan. 24, 2013, 8:53 AM | Comment!
  • Jan. 18, 2013, 7:44 AM
    Vornado Realty Trust (VNO) declares $0.73/share quarterly dividend, 5.8% increase from prior dividend of $0.69. Forward yield 3.50%. For shareholders of record Jan. 28. Payable Feb. 19. Ex-div date Jan. 24. (PR)
    | Jan. 18, 2013, 7:44 AM | Comment!
  • Dec. 23, 2012, 2:17 AM
    Vornado Realty Trust's (VNO) purchase of 59% of a Manhattan residential complex values the property at $844.8M and continues the firm's trend of moving assets to its stronger markets and selling noncore properties. The company recognized a $100M Q4 net gain as part of its latest transaction.
    | Dec. 23, 2012, 2:17 AM | 1 Comment
  • Nov. 1, 2012, 6:15 PM
    Vornado (VNO): Q3 EPS of $1.14 misses by $0.02. Revenue of $711M (+3.3% Y/Y) beats by $52M. (PR)
    | Nov. 1, 2012, 6:15 PM | Comment!
  • Oct. 30, 2012, 1:50 PM
    Vornado (VNO) declares $0.69/share quarterly dividend, in line with previous. Forward yield 3.46%. For shareholders of record Nov 09. Payable Nov 19. Ex-div date Nov 07. (PR)
    | Oct. 30, 2012, 1:50 PM | Comment!
  • Oct. 29, 2012, 8:22 AM
    The REIT sector - offering a yield of about 1.30% more than Treasurys - may look nominally attractive, but it's a sell, says John Coumarianos. The companies are trading at 22X Funds From Operations (FFO) - offering no margin of safety should rates turn higher. Most expensive are the apartment owners - EQR, AVB, UDR - priced as if they will have annual rent increases of 5-6% forever.
    | Oct. 29, 2012, 8:22 AM | 2 Comments
  • Oct. 22, 2012, 2:05 PM
    Macerich (MAC -2.2%) shares trade lower on news of the acquisition of two New York-based malls for a total of ~$1.25B as the REIT looks to expand its portfolio in the state. MAC will buy Kings Plaza, a 1.2M sq. ft. Brooklyn mall, from Alexander's (ALX +5.1%) for $751M, and will pick up Green Acres, a 1.8M sq. ft. Valley Springs mall, from Vornado Realty Trust (VNO -0.3%) for $500M.
    | Oct. 22, 2012, 2:05 PM | Comment!
  • Aug. 6, 2012, 6:22 PM
    Vornado (VNO): Q2 EPS of $1,13 beats by $0.18. Revenue of $700.6M beats by $9M. (PR)
    | Aug. 6, 2012, 6:22 PM | Comment!
  • Jul. 31, 2012, 12:36 PM
    Vornado (VNO) declares $0.69/share quarterly dividend, in line with previous. Forward yield 3.30%. For shareholders of record Aug 10. Payable Aug 21. Ex-div date Aug 08. (PR)
    | Jul. 31, 2012, 12:36 PM | Comment!
  • Jul. 6, 2012, 6:03 AM
    Vornado Realty Trust (VNO) is expanding its prime Manhattan portfolio by agreeing to acquire a retail condominium on 5th Avenue for $707M from a JV of Kushner Cos, Crown Acquisitions, and Carlyle Group (CG), who are set to make a handy profit.
    | Jul. 6, 2012, 6:03 AM | Comment!
  • Jun. 13, 2012, 1:12 PM
    Manhattan's shrinking financial services sector is leaving vacancy rates a bit elevated (9.1%) and office landlords like Vornado (VNO), SL Green (SLG), and Boston Properties (BXP) glum. "Until that sector really does pick up, we don't see the 6% or 7% vacancy rates we have seen at prior peaks," says SL Green's Marc Holliday.
    | Jun. 13, 2012, 1:12 PM | Comment!
  • May 7, 2012, 5:53 PM
    Vornado (VNO): Q1 FFO of $1.81 beats by $0.07. Revenue of $727M (+0.1% Y/Y). Shares +0.2% AH. (PR)
    | May 7, 2012, 5:53 PM | Comment!
  • May 7, 2012, 12:10 AM
    Notable earnings after Monday's close: CLNE, FRT, EA, IVR, OAS, PAA, PBI, RAX, SGY, VNO, VVUS
    | May 7, 2012, 12:10 AM | Comment!
  • May 6, 2012, 5:35 PM
    Notable earnings after Monday's close: CLNE, FRT, EA, IVR, OAS, PAA, PBI, RAX, SGY, VNO, VVUS
    | May 6, 2012, 5:35 PM | 5 Comments
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Company Description
Vornado Realty Trust is a real estate investment trust, which conducts its business through Vornado Realty L.P., a Delaware limited partnership. It invests in retail and office properties.
Sector: Financial
Country: United States