Key Details
Price
$43.00Last Dividend
$0.74Annual ROE
1.64%Beta
1.48Events Calendar
Next earnings date:
Feb 10, 2025Recent quarterly earnings:
Nov 04, 2024Recent annual earnings:
Feb 12, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Dec 16, 2024Next split:
N/ARecent split:
July 18, 2017Analyst ratings
Recent major analysts updates
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On January 22, 2025, Vornado Realty Trust (NYSE:VNO) announced that it will submit its annual report on Form 10-K for the year ending December 31, 2024, to the U.S. Securities and Exchange Commission. The company will also release its earnings for the fourth quarter and the entire year on February 10, 2025, after the New York Stock Exchange closes. Additionally, a quarterly earnings conference call and audio webcast will take place on February 11, 2025, at 10:00 a.m. Eastern Time (ET).
The U.S. Green Building Council has acknowledged Vornado for its leadership in sustainability. Vornado has been recognized as a pioneer in eco-friendly practices. This honor highlights their commitment to sustainable building initiatives.
The strong demand from tenants for high-quality office spaces and efforts to improve property portfolios are likely to benefit VNO's performance.
VNO's valuable properties in key high-rent areas, their plans to improve their portfolio, and a strong financial position suggest good potential for growth.
On January 8, 2025, Vornado Realty Trust (NYSE:VNO) revealed that its joint venture, which owns 52% of a street retail project, has finalized the sale of part of its U.S. flagship store at 666 Fifth Avenue to UNIQLO for $350 million. This sale was previously announced.
NEW YORK, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) has announced that its Board of Trustees has approved a dividend of $0.74 for each common share. This dividend will be paid on December 27, 2024, to those who are shareholders as of December 16, 2024.
VNO's valuable properties in certain high-rent areas and their plans to improve their portfolio look promising, even with the current instability in the office real estate market.
The strong demand from tenants for high-quality office spaces and efforts to improve property portfolios are likely to benefit VNO's performance.
Manhattan is seeing a significant trend of converting office spaces into residential units, which is reducing the amount of office space available. Vornado Series O Preferreds are currently trading at nearly 66 cents for every dollar. Leasing activity is robust, and VNO anticipates an increase in its portfolio occupancy rate due to recent lease agreements.
Vornado Realty Trust is among the biggest office real estate investment trusts (REITs) in the market. Their Q3 results met expectations, but there were year-over-year drops in revenue and funds from operations per share, indicating a tough market situation. The need for office space is low because of the increase in remote work, leading to high vacancy rates and more new properties being added to the market.
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