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 ...

财务数据和关键指标变化 - 第三季度可比FFO调整为每股0.52美元，较去年同期的0.66美元下降，主要由于已知的搬迁导致的NOI下降和更高的净利息支出 [24] - 公司流动性强劲，达到26亿美元，其中10亿美元为现金 [12][43] 各条业务线数据和关键指标变化 - 在纽约业务中，前三季度已签署超过200万平方英尺的租约，平均起租租金为每平方英尺112美元 [28] - 第三季度在纽约办公室组合中完成了454,000平方英尺的租赁，起租租金为每平方英尺92美元 [29] 各个市场数据和关键指标变化 - 曼哈顿的租赁活动强劲，2024年前三季度的租赁总量达到2310万平方英尺，预计全年活动将超过3000万平方英尺 [25] - 旧金山的555 California大厦在36%的城市空置率中表现出色，租赁率为98.7% [16] 公司战略和发展方向和行业竞争 - 公司在PENN区的转型取得成功，吸引了大量新租户，预计租金将继续上涨 [32][119] - 公司对收购市场持开放态度，但在选择资产时非常谨慎，专注于寻找优质资产 [20][66] 管理层对经营环境和未来前景的评论 - 管理层对曼哈顿的办公租赁市场持乐观态度，认为市场正在复苏，空置率迅速下降 [7][8] - 管理层指出，尽管借贷利率仍然高企，但经济正在增长，客户需求强劲 [17][101] 其他重要信息 - 公司计划在2025年继续维持每年68美分的单次股息政策，预计未来将恢复正常的股息政策 [21][116] - 公司在PENN 1和PENN 2的租赁项目进展顺利，预计将实现显著的收益增长 [88][119] 问答环节所有提问和回答 问题: 关于NYU租约的细节 - 租约的关闭预计在1月进行，租金将在1月开始生效 [50] 问题: 关于theMART的租赁策略 - theMART的策略是根据市场情况灵活调整租金，以提高入住率 [51] 问题: 关于PENN 2的租赁管道 - PENN 2的租赁管道非常强劲，预计将在第四季度签署多个重要租约 [53] 问题: 关于零售市场的需求 - 零售市场的需求显著上升，Primark的入驻被视为重要胜利 [59][62] 问题: 关于未来的资本需求 - 公司目前不计划发行新股，认为现有的现金流和资产足以支持未来的资本需求 [66][72] 问题: 关于2025年的收益增长 - 预计2025年将继续保持与2024年相似的收益水平，主要增长将在2026年实现 [124]

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 ...

Vornado (VNO) came out with quarterly funds from operations (FFO) of $0.52 per share, beating the Zacks Consensus Estimate of $0.51 per share. This compares to FFO of $0.66 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 1.96%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.55 per share when it actually produced FFO of $0.57, delivering a surprise of 3.64%.Over the last four quarters, the ...