Core Insights - Vornado Realty Trust (VNO) is expected to report a year-over-year decline in revenues and funds from operations (FFO) per share for Q4 2025 on February 9 [1][10]. Company Performance - In the last reported quarter, Vornado's FFO per share was 57 cents, exceeding the Zacks Consensus Estimate of 55 cents, with year-over-year growth in same-store net operating income (NOI) and occupancy [2]. - Over the past four quarters, Vornado's FFO per share has consistently surpassed the Zacks Consensus Estimate, with an average surprise of 12.5% [3]. Industry Trends - The U.S. office market saw a positive demand shift in the second half of 2025, with leasing activity strengthening and vacancy rates expected to peak later this year [3]. - Net absorption for the U.S. office market turned positive in Q4 2025, ending a 12-quarter decline, although full-year absorption remained negative at 6.7 million square feet [4]. - Class A office assets are in high demand, with absorption totaling 3.5 million square feet in Q4 2025 and 9.2 million square feet for the full year [5]. Supply Dynamics - Elevated construction costs and policy uncertainty have limited new developments, with the national vacancy rate at 20.5% in Q4, a slight increase of 30 basis points year-over-year [6]. - Sublease availability has decreased in about 60% of markets, while office conversions are tightening supply [6]. Competitive Landscape - High demand for quality offices has positively impacted Vornado's leasing activity, but competition from other developers and operators has pressured the company's ability to attract tenants at higher rents [8]. - To remain competitive, Vornado is offering rent concessions, which has negatively affected its revenue growth [8]. Financial Projections - Vornado's New York revenues are projected to decline by 9.2% to $348.5 million, while total quarterly revenues are expected to be $434.8 million, reflecting a 5% year-over-year decline [11]. - The consensus estimate for occupancy in Vornado's New York office portfolio is 89.8%, up from 88.8% a year ago [12]. - The Zacks Consensus Estimate for quarterly FFO per share remains at 57 cents, indicating a 6.6% increase from the previous year [12].

NEW YORK, Feb. 2, 2026 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, today announced the Company has been named by Vornado Realty Trust as the exclusive leasing agent for the next stage in its retail transformation in THE PENN DISTRICT on Manhattan's new West Side. Vornado has tapped the Newmark retail team overseen by Chairma ...

NEW YORK, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) today announced it has named Newmark as the exclusive leasing agent for the next stage in its retail transformation in THE PENN DISTRICT on Manhattan’s new West Side. Vornado has tapped the Newmark retail team overseen by Chairman of Global Retail Mark Masinter, who will work closely with Newmark’s Retail Vice Chairman Karen Bellantoni, Jackie Totolo, Pierce Thompson, and Nick Masinter. The reinvention of Vornado’s retail holdings ...

Core Viewpoint - Vornado Realty Trust has successfully refinanced a $250 million loan for a Manhattan office building fully leased by Amazon, indicating a strategic financial maneuver to improve its capital structure and reduce debt obligations [1][2]. Group 1: Refinancing Details - The joint venture reduced the previous $300 million loan by $50 million, which was fully recourse to Vornado and had an interest rate of 3.65% [2]. - The new loan is a non-recourse, five-year interest-only loan with a fixed interest rate of 5.79%, maturing in February 2031 [1]. Group 2: Property Information - The property involved in the refinancing is a 477,000 square foot Class A office building located at 7 West 34 Street in Manhattan [1]. - Amazon is the sole tenant occupying all the office space at this property, highlighting the significance of the tenant's stability for Vornado's revenue [1]. Group 3: Company Overview - Vornado Realty Trust operates as a fully-integrated equity real estate investment trust (REIT), focusing on the ownership and management of commercial real estate [2].

Core Viewpoint - Vornado Realty Trust (VNO) is a significant player in the New York City real estate market, owning and operating premier assets primarily located in Midtown Manhattan and along the city's busiest walking corridors [1] Group 1: Company Overview - Vornado Realty Trust specializes in high-quality real estate assets in New York City [1] - The company's holdings are strategically positioned in key areas of Midtown Manhattan, enhancing their market value [1] Group 2: Analyst Insights - The analysis emphasizes the importance of timely evaluations of earnings and macroeconomic events, particularly in the retail and real estate sectors [1]

Core Viewpoint - Vornado Realty Trust (VNO) is a significant player in the New York City real estate market, owning and operating premier assets primarily located in Midtown Manhattan and high-traffic areas of the city [1] Group 1: Company Overview - Vornado Realty Trust specializes in high-quality real estate assets in New York City, focusing on prime locations that attract significant foot traffic [1] Group 2: Analyst Insights - The analysis emphasizes the importance of timely evaluations of earnings and macroeconomic events, particularly in the retail and real estate sectors [1]

Core Insights - Vornado Realty Trust (VNO) has secured a 70,000-square-foot lease with Paramount Television Studios at Sunset Pier 94 Studios for filming the second season of "Dexter: Resurrection" [1][7] Group 1: Facility Overview - Sunset Pier 94 Studios features a total of 232,000 square feet of leasable space, including production support and office areas, with on-site parking and opportunities for exterior signage [2] - The facility includes six purpose-built sound stages, each up to 36 feet high, and is part of a joint venture involving Hudson Pacific Properties, Blackstone Real Estate, and Vornado [2] Group 2: Community and Economic Impact - The studio will provide community benefits such as an extension of Hudson River Park, new public restrooms, 25,000 square feet of waterfront open space, and safety improvements to the bikeway [3] - The project is expected to create 400 permanent jobs and contribute $6.4 billion to the local economy over the next 30 years [3] Group 3: Company Strategy and Market Position - Vornado focuses on high-quality assets and aims to expand its market share in the New York City office market, with significant holdings in San Francisco and Chicago [4] - The lease with Paramount enhances Vornado's diversification into alternative property uses, which is expected to strengthen long-term revenue and earnings visibility [5][7] Group 4: Financial Performance and Analyst Outlook - Vornado's shares have declined by 14.2% over the past month, contrasting with a 0.5% decline in the industry [6] - Analysts have revised the Zacks Consensus Estimate for Vornado's 2025 FFO per share upward to $2.34, while the estimate for 2026 has been adjusted down to $2.39 [6]

Group 1 - The event held by the China General Chamber of Commerce (CGCC) in New York on January 15, 2026, gathered around 300 attendees from the political and business sectors of both China and the United States [1][3] - The theme of the evening was "Riding Together, Moving Forward," emphasizing the importance of cooperation and trust in a complex and uncertain world [1][3] - CGCC awarded the "Outstanding Partner Award" to Vornado Realty Trust and "Brand Awards" to SANY Group, Saint-O Group Limited, and Pop Mart for their contributions to strengthening Sino-U.S. economic relations and promoting local community and global economic development [3] Group 2 - Michael Franco, President and CFO of Vornado Realty Trust, highlighted the importance of CGCC as a model for U.S.-China cooperation, emphasizing the foundation of mutual respect and long-term commitment in their partnerships [3] - The event featured a performance by Zhiyuan Robotics from China, showcasing a blend of technology and art, which added a dynamic atmosphere to the evening [3]

Core Insights - Vornado Realty Trust (VNO) has enhanced its Manhattan strategy by acquiring a development site at 3 East 54th Street for $141 million, strategically located in the Plaza District [1][2] - The site is demolition-ready and zoned for approximately 232,500 square feet of buildable space, providing significant development options for Vornado [2] - Vornado has extended maturities on over $2 billion of financing, including a $1.105 billion revolving credit facility and an unsecured term loan, to maintain liquidity and reduce refinancing risk [3][4] Financial Strategy - By extending debt maturities, Vornado aims to preserve flexibility for development and leasing decisions in a changing office market, allowing for a measured pace of capital deployment [4][5] - The company’s recent actions reflect a strategy focused on strengthening its portfolio while maintaining financial flexibility [5] Market Position - Vornado continues to focus on high-quality office assets in key markets such as New York, Chicago, and San Francisco, with demand for modern office spaces supporting leasing momentum [6] - In the first nine months of 2025, Vornado leased 3.7 million square feet, contributing to expectations for New York office occupancy to rise into the low-90% range [6] Stock Performance - Vornado shares have decreased by 1.7% over the past month, which is less than the industry decline of 2.1%, while analysts have slightly raised the 2025 FFO per share estimates to $2.34 [7][8]

Core Viewpoint - Vornado Realty Trust has acquired a demolition-ready property at 3 East 54 Street for $141 million, leveraging a previously accrued loan balance of $107 million towards the purchase price [1][2][3] Group 1: Acquisition Details - The property spans 18,400 square feet of land and is located between Fifth Avenue and Madison Avenue, adjacent to the St. Regis Hotel and other prime retail properties owned by Vornado [1][2] - The site is zoned for approximately 232,500 buildable square feet, and Vornado plans to demolish the existing buildings promptly [2] Group 2: Strategic Fit - This acquisition enhances Vornado's existing portfolio in the Plaza District and Park Avenue, which includes notable properties such as 280 Park Avenue, 350 Park Avenue, and 595 Madison Avenue [3]