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Wed, 17 Apr 2024 11:30:00 +0000	SL Green and Vornado Announce 280 Park Avenue Mezzanine Loan Repayment NEW YORK, April 17, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG) and Vornado Realty Trust (NYSE: VNO) modified and extended the $125.0 million mezzanine loan on 280 Park Avenue and subsequently repaid the loan for $62.5 million. Newmark advised the parties on the transaction. About SL Green Realty Corp. SL Green Realty Corp., Manhattan's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximiz
Wed, 17 Apr 2024 11:30:00 +0000	SL Green and Vornado Announce 280 Park Avenue Mortgage Loan Refinancing NEW YORK, April 17, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG) and Vornado Realty Trust (NYSE: VNO) closed on a modification and extension of the $1.075 billion securitized mortgage on 280 Park Avenue. The modification extended the maturity date to September 2026, with the partnership’s option to extend to a fully extended maturity date of September 2028. The interest rate was maintained through the fully extended maturity date at 1.78% over Term SOFR. About SL Green Realty Corp.
Wed, 10 Apr 2024 20:35:00 +0000	Vornado Releases 2023 Sustainability Report NEW YORK, April 10, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) announced today that it released its 2023 Sustainability Report. This Sustainability Report is Vornado's 15th consecutive annual report which highlights the Company's industry-leading accomplishments in sustainability and provides key metrics on the Company’s sustainability priorities. Key sustainability achievements for 2023 include: Procured 100% renewable energy credits (RECs) for electricity directly managed by Vor
Wed, 10 Apr 2024 18:58:32 +0000	Portfolio Poison: 3 Toxic Stocks to Purge Immediately Bears have faced a challenging few years, feeling like an eternity since the 2019 flash crash had pessimists forecasting a financial downturn akin to the 2008 crisis. Similarly, the early stages of the pandemic painted a grim economic picture — until unexpected monetary policies propelled stocks to unprecedented heights, even as reasonable assessments made them clear stocks to sell immediately. The Federal Reserve’s policy shift further intensified bearish sentiment, sparking fears of recession
Sat, 06 Apr 2024 18:00:00 +0000	3 Real Estate Stocks Short Sellers Are Betting Will Come Tumbling Down Are real estate stocks heading for a tumble? Increasingly, short sellers are betting that real estate is in for a difficult time in 2024 and beyond. It’s not hard to see why. There are several reasons for concern for the sector. Higher interest rates have a dramatic negative impact on the value of existing real estate, as it costs more for landlords to service the debts on their properties. In addition, as the yields on alternative investments, such as government bonds, go up, the value of real
Wed, 27 Mar 2024 07:41:09 +0000	Rate Cuts Reality Check: 7 Stocks to Sell in the Face of Limited Monetary Easing A few months ago most consumers and investors were expecting rate cuts perhaps as early as February or March. Today, it looks like June is the more likely scenario. It is still expected that the Federal Reserve will enact three rate cuts in 2024 but the shift has limited the perception of monetary easing this year. That means more stocks have now become stocks to sell. The longer rates remain higher the more difficulty companies will have. Firms rely on financing and the interest is largely dict
Thu, 21 Mar 2024 17:58:00 +0000	Here's Why You Should Retain Vornado Realty (VNO) Stock Now Vornado Realty (VNO) is well-poised to gain from its high-quality assets. However, the overall choppy office real estate landscape and high interest rates are woes.
Wed, 20 Mar 2024 16:48:52 +0000	Dump These 3 Commercial Real Estate Stocks Before They Crumble Commercial real estate is in dire straits. Skeptics don’t have to look further than “The Monthly Dividend Company,” Realty Income (NYSE:O), a perennial favorite among income and REIT investors for proof. Shares in the top commercial real estate stock are down more than 11% since Jan. 1st with limited upside in sight. The reasons run the gamut you’re no doubt familiar with — higher rates, work-from-home permanency, sluggish consumer sentiment and more. But Realty Income isn’t the only commercial
Tue, 19 Mar 2024 16:16:00 +0000	Trump Judgment Puts Focus on His Stakes in Valuable New York, San Francisco Office Buildings The Trump Organization owns 30% of two office buildings, in partnership with Vornado Realty Trust, and could possibly free up more than $300 million.
Tue, 20 Feb 2024 13:20:00 +0000	Vornado Realty Trust Announces Famed Avra Group Will Open a New 20,000 SF Restaurant in THE PENN DISTRICT NEW YORK, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that The Avra Group will open its famed Mediterranean restaurant in THE PENN DISTRICT, one of the most desirable and convenient locations in Manhattan, sitting directly atop Penn Station. The restaurant, which will be located at 390 Ninth Avenue at 33rd Street, will feature a 150-seat outdoor café, and serve as the cornerstone of an extensive food and beverage program in THE PENN DISTRICT. Co-owned by Nic
Thu, 15 Feb 2024 16:29:47 +0000	Vornado Realty Trust (NYSE:VNO) Q4 2023 Earnings Call Transcript Vornado Realty Trust (NYSE:VNO) Q4 2023 Earnings Call Transcript February 13, 2024 Vornado Realty Trust isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good morning and welcome to the Vornado Realty Trust Fourth Quarter 2023 Earnings Call. My name is […]
Wed, 14 Feb 2024 10:41:34 +0000	Q4 2023 Alexander's Inc and Vornado Realty Trust Earnings Call Q4 2023 Alexander's Inc and Vornado Realty Trust Earnings Call
Tue, 13 Feb 2024 15:54:00 +0000	Vornado's (VNO) Q4 FFO Beats Estimates, Same-Store NOI Declines Vornado's (VNO) Q4 results reflect lower-than-anticipated revenues despite decent leasing activity. The total same-store NOI declined across the portfolio.
Mon, 12 Feb 2024 22:35:02 +0000	Vornado (VNO) Q4 FFO Top Estimates Vornado (VNO) delivered FFO and revenue surprises of 6.78% and 0.56%, respectively, for the quarter ended December 2023. Do the numbers hold clues to what lies ahead for the stock?
Mon, 12 Feb 2024 21:53:43 +0000	Vornado Realty Trust (VNO) Reports Mixed Results Amid Real Estate Challenges Net Loss Narrows Year-Over-Year, FFO Declines in Q4 and Full-Year 2023
Mon, 12 Feb 2024 21:51:44 +0000	Vornado: Q4 Earnings Snapshot NEW YORK (AP) — Vornado Realty Trust (VNO) on Monday reported a key measure of profitability in its fourth quarter. The real estate investment trust, based in New York, said it had funds from operations of $123.8 million, or 63 cents per share, in the period. The average estimate of nine analysts surveyed by Zacks Investment Research was for funds from operations of 59 cents per share.
Mon, 12 Feb 2024 21:24:00 +0000	Vornado Announces Fourth Quarter 2023 Financial Results NEW YORK, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) reported today: Quarter Ended December 31, 2023 Financial Results NET LOSS attributable to common shareholders for the quarter ended December 31, 2023 was $61,013,000, or $0.32 per diluted share, compared to $493,280,000, or $2.57 per diluted share, for the prior year's quarter. Adjusting for the items that impact period-to-period comparability listed in the table on the following page, net income attributable to common
Fri, 09 Feb 2024 14:21:00 +0000	Vornado (VNO) to Report Q4 Earnings: What's in the Cards? Although Vornado (VNO) has premium office assets in key markets, its Q4 performance is likely to be affected by the choppy office real estate market environment and high interest expenses.
Thu, 08 Feb 2024 21:14:00 +0000	Vornado Declares Quarterly Dividends On Preferred Shares NEW YORK, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its Board of Trustees has declared the following quarterly preferred dividends: Series A Convertible$.8125000per shareSeries L Cumulative Redeemable$.3375000per shareSeries M Cumulative Redeemable$.3281250per shareSeries N Cumulative Redeemable$.3281250per shareSeries O Cumulative Redeemable$.2781250per share In each case, dividends are payable on April 1, 2024 to shareholders of record on March 15,
Wed, 07 Feb 2024 14:15:16 +0000	Curious about Vornado (VNO) Q4 Performance? Explore Wall Street Estimates for Key Metrics Get a deeper insight into the potential performance of Vornado (VNO) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

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