Analysts on Wall Street project that Vornado (VNO) will announce quarterly earnings of $0.51 per share in its forthcoming report, representing a decline of 22.7% year over year. Revenues are projected to reach $440.72 million, declining 2.3% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Ah ...

NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that it will file its quarterly report on Form 10-Q for the quarter ended September 30, 2024 with the U.S. Securities and Exchange Commission and issue its third quarter earnings release on Monday, November 4, 2024, after the New York Stock Exchange has closed. The Company will host a quarterly earnings conference call and an audio webcast on Tuesday, November 5, 2024 at 10:00 a.m. Eastern Time (ET). The conference c ...

Shares of Vornado Realty Trust (VNO) have gained 57.6% in the past three months, outperforming its industry's growth of 20.8%. The 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 its growth endeavors. Last week, VNO, with Medline, announced an agreement to increase Medline's ...

Vornado Realty Trust (VNO) , with Medline, recently announced an agreement to increase Medline's presence at THE MART by 110,000 square feet. The long-term lease agreement with Vornado will run until 2036. This expansion positions Medline as one of the largest tenants at Vornado's 3.7-million-square-foot property in downtown Chicago. Medline is set to increase its office space in THE MART from 51,000 to 161,000 square feet, expanding to a single, contiguous area that will occupy the majority of the 12th flo ...

THE MART 3.7 MM SF Property on the River North, Chicago, IL CHICAGO, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Medline and Vornado Realty Trust (NYSE: VNO) today announced an agreement to expand Medline's presence at THE MART by 110,000 square feet, making it one of the largest tenants at Vornado's iconic, 3.7-million-square-foot property in downtown Chicago. Medline will more than triple its offices in THE MART from 51,000 to 161,000 square feet as part of a single, contiguous space across the majority of the 12t ...

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 and healthy balance sheet position also augur well. However, the geographic concentration of assets, competition from developers and high interest rates raise concerns. Last August, this office real estate investment trust (REIT) reported its second-quarter 2024 funds from operations (FFO) plus assumed conversions as ...

It has been about a month since the last earnings report for Vornado (VNO) . Shares have added about 9.2% in that time frame, outperforming 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 drivers. Vornado's Q2 FFO and Revenues Surpass Estimates Vornado ...

Shares of Vornado Realty Trust (VNO) have soared 35.6% in the past six months compared with the industry's growth of 9.5%. The 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. However, the overall choppy office real estate landscape and a high interest rate environment raise concerns for the company. This month, the ...

Alphotographic Vornado Realty Trust's (NYSE:VNO) Series O Preferreds (NYSE:VNO.PR.O) are my single largest preferred position, forming 22% of my fixed-income securities portfolio. VNO's balance sheet, the preferreds deep discount to par value, and pending Fed rate cuts formed the basis of this investment decision. The preferreds are trading for $14 per share, a substantial 44% discount to their $25 per share liquidation value with a $1.1125 per share annual coupon driving a healthy 8% yield on cost. Hence, ...

文章核心观点 - 公司专注于在纽约、芝加哥和旧金山等高租金、进入壁垒高的市场拥有优质办公物业,有望从租户对优质办公空间的健康需求中获益[1] - 但整体不稳定的办公地产环境和高利率环境给公司带来了担忧[1] 有利因素 - 公司专注于少数高租金、进入壁垒高的市场,加上多元化的租户群体,预计将带来稳定的现金流和长期增长[2] - 办公用工作岗位增长以及科技、金融和媒体公司的扩张将推动未来租金收入的增长[3] - 新建或翻新的优质资产提供丰富的配套设施,位于交通便利的地段,租金有所上涨,公司有望从这一趋势中获益[3] - 公司进行了机会性的开发和剥离,并进行了业务剥离,为公司提供了再投资于机会性开发和改造的干粉[4] - 公司资产负债表健康,有充足的流动性,公寓销售也将增加现金余额,增强财务实力,为未来投资机会和开发项目提供资金支持[5] 不利因素 - 宏观经济不确定性持续和混合办公环境,预计短期内对办公空间的需求将保持不稳定,公司在纽约市场的高集中度使其现金流容易受到当地宏观环境的影响[7] - 高利率环境给公司带来了较高的借贷成本,影响了公司收购或开发房地产资产的能力,公司负债较重[8] - 高利率环境下,公司的股息支付可能不如固定收益和货币市场账户的收益率具有吸引力[8] - 公司2023年第四季度宣布将股息下调20%,预计2024年的经调整FFO同比将下降,短期内股息支付的大幅好转可能不太现实[9]