Core Points - Alexander's, Inc. will file its quarterly report on Form 10Q for the quarter ended March 31, 2025, with the U.S. Securities and Exchange Commission and will issue its first quarter earnings release on May 5, 2025, before the market opens [1] - Vornado Realty Trust, which manages Alexander's operations, will host a quarterly earnings conference call and audio webcast on May 6, 2025, at 10:00 a.m. Eastern Time [2] - The conference call can be accessed via a domestic and international dialing option, and a live webcast will be available on Vornado's website [3] Company Overview - Alexander's, Inc. is a real estate investment trust (REIT) that owns five properties in New York City [3]

NEW YORK, April 24, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that it will file its quarterly report on Form 10Q for the quarter ended March 31, 2025 with the U.S. Securities and Exchange Commission and issue its first quarter earnings release on Monday, May 5, 2025, after the New York Stock Exchange has closed. The Company will host a quarterly earnings conference call and an audio webcast on Tuesday, May 6, 2025 at 10:00 a.m. Eastern Time (ET). The conference call can be acc ...

NEW YORK, April 22, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that the panel appointed to determine the ground rent payable by Vornado’s subsidiary for the PENN 1 land parcel for the 25-year period beginning June 17, 2023 has determined that the annual rent payable during the current 25-year term will be $15 million. Further, litigation is currently pending between the parties in New York County Supreme Court relating to the matter. To date, the court denied the Vornado subsid ...

Core Viewpoint - Vornado Realty Trust has strengthened its financial position through a recent $450 million financing for a prime retail property, which is expected to enhance its long-term growth potential in high-demand markets [1][2][3]. Group 1: Financing and Financial Position - Vornado's 52% owned street retail joint venture completed a $450 million financing for 1535 Broadway, featuring a fixed interest rate of 6.90% and maturing in May 2030 [1]. - After transaction costs and reserves, $407 million of the net proceeds was used to partially redeem preferred equity of Vornado's Retail JV [1]. - As of December 31, 2024, Vornado had $2.5 billion in liquidity, including $950 million in cash and cash equivalents and $1.5 billion available under its revolving credit facilities [2]. Group 2: Market Position and Growth Potential - Vornado focuses on high-rent, high barrier-to-entry geographic markets and has a diversified tenant base, which is expected to drive long-term growth [3]. - Over the past six months, Vornado's shares have declined by 15.1%, compared to an 11.4% decline in the broader industry [3]. Group 3: Comparative Analysis - Other better-ranked stocks in the REIT sector include Cousins Properties and Welltower, both currently rated as Zacks Rank 2 (Buy) [4]. - The Zacks Consensus Estimate for Cousins Properties' 2024 funds from operation (FFO) per share has increased by 1.1% to $2.79 [4]. - Welltower's current-year FFO per share estimate has also been raised marginally to $4.95 [5].

NEW YORK, April 14, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its 52% owned street retail joint venture has completed a $450 million financing of 1535 Broadway, a premier Times Square retail destination with full blockfront 4K LED signage. The interest only, non–recourse loan carries a fixed rate of 6.90% and matures in May 2030. After transaction costs and reserves, $407 million of the net proceeds from the financing were used to partially redeem Vornado's Retail JV pref ...

Vornado (VNO) shares rallied 10.3% in the last trading session to close at $35.01. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 12.8% loss over the past four weeks.The increased investor optimism in the stock can be attributed to President Donald Trump’s recent announcement to put a 90-day pause on the reciprocal tariff for most countries.This real estate investment trust is expected to post quarterly fund ...

Core Insights - Vornado Realty Trust released its 2024 Sustainability Report, marking the 16th consecutive report highlighting its sustainability achievements and priorities [1][3]. Sustainability Achievements - Vornado became the first major real estate owner, operator, and developer to achieve 100% LEED® certification across its entire portfolio of in-service buildings [3]. - The company received the inaugural Nareit Impact at Scale Award for its transformation of THE PENN DISTRICT, recognized as an Energy Star Partner of the Year with Sustained Excellence for the 9th year, and ranked in the top 3% of Office REITs while maintaining its Green Star distinction for the 12th year and a 5-star rating in GRESB [3]. - Vornado procured 100% renewable energy credits (RECs) for electricity in key markets, sourced from hydroelectric, solar, and wind facilities across the USA [3]. - The company achieved a 41% reduction in overall energy consumption across its in-service office portfolio compared to a 2009 baseline, with a reduction of over 4.7 million kWh in electric consumption this year alone [3]. - Vornado reached a 59% waste diversion rate across its in-service office portfolio, progressing towards a long-term target of 75% [3]. - The company provided educational and technical assistance to over 14.5 million square feet of its tenants to help them build and operate healthier and more efficient workplaces [3].

Core Insights - The article emphasizes the importance of consulting a registered financial advisor before making investment decisions, highlighting that the content does not constitute financial advice [2][3] Group 1 - The article clarifies that past performance is not indicative of future results, stressing the uncertainty inherent in investment outcomes [3] - It notes that the views expressed may not represent the opinions of the platform as a whole, indicating a diversity of perspectives among contributors [3] - The article mentions that the analysts involved may not be licensed or certified, which could affect the credibility of the insights provided [3]

Group 1 - The office market continues to struggle due to unprecedented headwinds since the pandemic, influenced by more than just work-from-home trends [1] - Prior to the pandemic, the office real estate sector was already facing challenges [1] Group 2 - No additional relevant content available [2]

Core Insights - Vornado Realty Trust (NYSE: VNO) owns the largest portfolio of high-quality Manhattan office properties on the U.S. stock market, with its common shares increasing over 60% in the last year due to soaring demand for prime Manhattan office properties [1] Group 1: Company Performance - Vornado Realty Trust's equity has seen significant appreciation, reflecting strong market demand for its office properties in Manhattan [1] Group 2: Market Dynamics - The equity market serves as a powerful mechanism for wealth creation or destruction over the long term, influenced by daily price fluctuations [1] - Pacifica Yield focuses on long-term wealth creation by targeting undervalued high-growth companies, high-dividend stocks, REITs, and green energy firms [1]