Profile
Sector:
Real EstateIndustry:
OfficeCountry:
United StatesIPO:
17 March 1980Website:
http://www.vno.comNext earnings report:
12 February 2025Last dividends:
14 December 2023Next dividends:
N/APrice
after hours | Wed, 20 Nov 2024 23:46:08 GMTAnalysts recommendations
Institutional Ownership
VNO Latest News
Manhattan is experiencing a generational wave of office-to-residential conversions that are taking the supply of office space off the market. Vornado Series O Preferreds are trading at just under 66 cents on the dollar. Leasing is strong, with VNO expecting its portfolio occupancy rate to rise on the back of recent leases.
Vornado Realty Trust is one of the largest office real estate REITs in the markets. VNO's Q3 results were in line with estimates but showed YoY declines in revenue and FFO/share, reflecting a challenging environment. The demand for office space remains weak due to the rise of remote work, with significant vacancy rates and new supply entering the market.
Vornado Realty Trust (NYSE:VNO ) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Steven Borenstein - Senior Vice President and Corporate Counsel Steven Roth - Chairman and CEO Michael Franco - President and CFO Glen Weiss - Executive Vice President, Office Leasing and Co-Head, Real Estate Tom Sanelli - Executive Vice President, Finance and CAO Conference Call Participants John Kim - BMO Capital Markets Steve Sakwa - Evercore ISI Floris van Dijkum - Compass Point Dylan Burzinski - Green Street Capital Alexander Goldfarb - Piper Sandler Jeff Spector - Bank of America Michael Griffin - Citi Ronald Kamdem - Morgan Stanley Caitlin Burrows - Goldman Sachs Nick Yulico - Scotiabank Operator Good day. And welcome to the Vornado Realty Trust Third Quarter 2024 Earnings Call.
VNO's Q3 results reflect better-than-anticipated revenues on decent leasing activity. However, total same-store NOI declines across the portfolio.
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.
NEW YORK, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) reported today: Quarter Ended September 30, 2024 Financial Results NET LOSS attributable to common shareholders for the quarter ended September 30, 2024 was $19,154,000, or $0.10 per diluted share, compared to net income attributable to common shareholders of $52,846,000, or $0.28 per diluted share, for the prior year's quarter. FUNDS FROM OPERATIONS ("FFO") attributable to common shareholders plus assumed conversions (non-GAAP) for the quarter ended September 30, 2024 was $99,256,000, or $0.50 per diluted share, compared to $119,487,000, or $0.62 per diluted share, for the prior year's quarter.
NEW YORK, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its Board of Trustees has declared the following quarterly preferred dividends:
Beyond analysts' top -and-bottom-line estimates for Vornado (VNO), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
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).
Jeffrey Kolitch of Baron Real Estate Fund is putting money into Vornado, an office REIT with high-end properties in New York City.
What type of business is Vornado Realty Trust?
Vornado Realty Trust is a real estate investment fund. The company owns office, retail, commercial properties, and other real estate-related investments. Its office real estate includes various office buildings in office complexes and the Bank of America in San Francisco. The company's retail properties include shopping centers, regional shopping centers, and single-tenant retail properties. Other real estate investments include marketable securities and mezzanine loans or real estate. Vornado Realty Trust was founded by Steve Roth in 1980 and is headquartered in New York, New York.
What sector is Vornado Realty Trust in?
Vornado Realty Trust is in the Real Estate sector
What industry is Vornado Realty Trust in?
Vornado Realty Trust is in the Office industry
What country is Vornado Realty Trust from?
Vornado Realty Trust is headquartered in United States
When did Vornado Realty Trust go public?
Vornado Realty Trust initial public offering (IPO) was on 17 March 1980
What is Vornado Realty Trust website?
https://www.vno.com
Is Vornado Realty Trust in the S&P 500?
No, Vornado Realty Trust is not included in the S&P 500 index
Is Vornado Realty Trust in the NASDAQ 100?
No, Vornado Realty Trust is not included in the NASDAQ 100 index
Is Vornado Realty Trust in the Dow Jones?
No, Vornado Realty Trust is not included in the Dow Jones index
When was Vornado Realty Trust the previous earnings report?
No data
When does Vornado Realty Trust earnings report?
The next expected earnings date for Vornado Realty Trust is 12 February 2025