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Vornado Realty Trust (VNO)

- NYSE
  • 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)
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  • 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.
    | 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.
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  • 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)
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  • 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)
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  • 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.
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  • 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.
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  • 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)
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  • May 7, 2012, 12:10 AM
    Notable earnings after Monday's close: CLNE, FRT, EA, IVR, OAS, PAA, PBI, RAX, SGY, VNO, VVUS
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  • May 6, 2012, 5:35 PM
    Notable earnings after Monday's close: CLNE, FRT, EA, IVR, OAS, PAA, PBI, RAX, SGY, VNO, VVUS
    | 5 Comments
  • Apr. 16, 2012, 12:27 PM
    Vornado Realty Trust (VNO +3.6%) shares jump as Chairman Steven Roth tells shareholders the company will put “everything” on the table to raise performance, considering share buybacks or splitting into smaller firms that would focus on different types of properties. Keefe Bruyette upgrades shares to Outperform from Market Perform.
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  • Mar. 9, 2012, 12:30 PM
    REIT preferred investors face some risk from having their investments redeemed with new issuances, warns Michael Terry. He advises that investors should check to see if the REIT preferred investments they hold are redeemable and find opportunities to switch into issues with better call protection in order to help preserve yield. On the radar to see redemptions: VNO, BDN, CWH, EQR, PLD.
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  • Mar. 5, 2012, 1:59 PM
    Vornado (VNO -1%) slips after UBS cuts it to Neutral from Buy, citing a lack of near-term catalysts and an overly complicated story.
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  • Feb. 27, 2012, 5:40 PM
    Vornado (VNO): Q4 FFO of $1.15 misses by $0.06. Revenue of $741.8M (+5% Y/Y) beats by $75M. (PR)
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  • Feb. 27, 2012, 12:10 AM
    Notable earnings after Monday's close: AWK, CVI, GXP, HGSI, JAZZ, MR, PCLN, SINA, SLXP, SWN, UHS, URS, VNO, WES
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  • Feb. 26, 2012, 5:35 PM
    Notable earnings after Monday's close: AWK, CVI, GXP, HGSI, JAZZ, MR, PCLN, SINA, SLXP, SWN, UHS, URS, VNO, WES
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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