Shares of Vornado Realty Trust (VNO) have surged 41.5% in the past six months, outperforming its industry’s decline of 2.4%.This office real estate investment trust (REIT) 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.Analysts seem positive about this Zacks Ra ...

Company Performance - Shares of the company have gained 27 2% over the past six months compared to the industry's decline of 6 3% [1] - The Zacks Consensus Estimate for VNO's 2025 FFO per share has increased by one cent over the past month to $2 15 [6] Portfolio and Market Position - The company owns a portfolio of top-quality office properties in high-rent, high-barrier-to-entry markets such as New York, Chicago, and San Francisco [2] - The company is strategically focused on expanding its market share in the New York City office market [2] - The company's ability to offer top-quality office spaces with class-apart amenities is likely to drive leasing activity [6] Financial Strength - As of Sept 30, 2024, the company had $2 6 billion of liquidity, including $1 billion in cash and cash equivalents and $1 6 billion available under its revolving credit facilities [4] - The company's healthy balance sheet and ample liquidity enable it to take advantage of future investment opportunities and fund development projects [4] Portfolio Repositioning - The company is focused on improving its core business through opportunistic developments, divestitures, and business spin-offs [3] - Strategic sell-outs provide the company with the resources to reinvest in opportunistic developments and redevelopments [3] Tenant Base - The company enjoys a well-diversified, high-end tenant roster that includes several industry bellwethers, enabling stable rental revenues over time [7] Industry Trends - Rents in newly constructed or best-in-class redeveloped assets with abundant amenities at transit-centric locations have risen, benefiting the company [7] Other REIT Stocks - OUTFRONT Media (OUT) and SL Green Realty (SLG) are other top-ranked stocks in the REIT sector, each carrying a Zacks Rank 2 [5] - The Zacks Consensus Estimate for OUTFRONT Media's 2024 FFO per share has been raised by 1 8% over the past two months to $1 73 [5] - The Zacks Consensus Estimate for SL Green's 2024 FFO per share has been raised marginally over the past two months to $7 78 [5]

NEW YORK, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its 52% owned street retail joint venture has completed the previously announced sale to UNIQLO of the portion of its U.S. flagship store at 666 Fifth Avenue owned by the retail joint venture for $350 million. The joint venture continues to own 23,832 square feet of retail space (7,416 square feet at grade) at 666 Fifth Avenue consisting of the Abercrombie & Fitch and Tissot stores. The $342 million of net proce ...

Transaction Details - Vornado Realty Trust's 52% owned street retail joint venture completed the sale of a portion of its U S flagship store at 666 Fifth Avenue to UNIQLO for $350 million [1] - The joint venture retains ownership of 23 832 square feet of retail space at 666 Fifth Avenue including the Abercrombie & Fitch and Tissot stores [1] Financial Impact - Net proceeds from the sale amounted to $342 million which were used to partially redeem Vornado's $390 million of preferred equity on the asset [2] Company Overview - Vornado Realty Trust is a fully-integrated equity real estate investment trust [2]

NEW YORK, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its Board of Trustees has declared a dividend of $.74 per common share. The dividend will be payable on December 27, 2024 to shareholders of record on December 16, 2024. For 2025, Vornado anticipates continuing its recent common share dividend policy of paying one common share dividend in the fourth quarter of 2025. Vornado Realty Trust is a fully-integrated equity real estate investment trust. CONTACT Thomas J. ...

It has been about a month since the last earnings report for Vornado (VNO) . Shares have added about 0.1% in that time frame, underperforming 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 catalysts. Vornado's Q3 FFO & Revenues Beat Estimates, Same-Sto ...

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 also augur well. A healthy balance sheet position supports the company’s growth endeavors. However, ongoing choppiness in the office real estate market, geographic concentration of assets and competition raise concerns.This month, the office real estate investment trust (REIT) company reported third-quarter 2024 funds ...

Shares of Vornado Realty Trust (VNO) have gained 81% in the past six months, outperforming its industry’s growth of 17.3%.This office real estate investment trust (REIT) 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 this Zacks Rank #3 (Hold) company’s growth endeavors.This ...

Manhattan saw its October 2024 office vacancy rate dip by 90 basis year-over-year to 16.8%. This came with the highest asking rents in the US at $67.93 per square foot. The borough has also seen new office construction slow withThe equity market is a powerful mechanism as daily fluctuations in price get aggregated to incredible wealth creation or destruction over the long term. Pacifica Yield aims to pursue long-term wealth creation with a focus on undervalued yet high-growth companies, high-dividend ticker ...

I last wrote about Vornado Realty Trust (NYSE: VNO ) at the beginning of the year, when I downgraded the stock after a strong rally through the end of last year. At the time, VNO's shares had rallied backAuthor of the Macro Trends & Inflection Points Newsletter. I spent 5 years as a co-founder and hedge fund CIO / manager. Before that, I was a hedge fund analyst/portfolio manager at a leading Canadian alternative asset manager. I write articles as part of my own due diligence on the stocks that I find inter ...