Core Points - Alexander's, Inc. will file its quarterly report on Form 10-Q for the quarter ended September 30, 2025, with the U.S. Securities and Exchange Commission and will issue its third quarter earnings release on November 3, 2025, before the New York Stock Exchange opens [1] - Vornado Realty Trust, which manages Alexander's operations, will host a quarterly earnings conference call and audio webcast on November 4, 2025, at 10:00 a.m. Eastern Time [2] - The conference call can be accessed via a domestic number (888-317-6003) or an international number (412-317-6061) with a passcode of 8601197, and a live webcast will be available on Vornado's website [3] Company Overview - Alexander's, Inc. is a real estate investment trust that owns five properties in New York City [3]

Group 1 - Vornado Realty Trust (NYSE:VNO) is considered one of the best cheap rising stocks to invest in currently, with Truist Securities maintaining a Hold rating and increasing the price target from $38 to $40 due to improving leasing trends and reduced interest rates [1][2] - Truist Securities anticipates an increase in Vornado's portfolio occupancy driven by solid leasing activity, manageable near-term lease expirations, and strong rent spreads [2] - Despite a decline in cash flow and negative funds available for distribution (FAD) reported in Q2 2025, there is an expectation of future earnings growth for Vornado [2]

Core Points - Donald Trump has filed a $15 billion defamation lawsuit against The New York Times, Penguin Random House, and several writers, claiming that their reporting has harmed his business and celebrity image [2] - A federal judge dismissed Trump's lawsuit, stating that the complaint was excessively lengthy and self-serving, and provided Trump with 28 days to refile a more concise version [3] - Trump's claims about the value of his brand and properties are often exaggerated, with his legal team asserting a worth of over $100 billion, while Forbes estimates his net worth at $7.3 billion [4] Company and Brand Valuation - Trump's brand is valued by Forbes at $500 million, with additional valuations including a $2 billion stake in Truth Social and $1.047 billion from cryptocurrencies, totaling over $3 billion [4] - Trump's Mar-a-Lago estate is claimed to be worth $1.8 billion by Trump, but Forbes estimates its value at about $500 million based on property tax assessments and market evaluations [6] - Trump lists several properties in his lawsuit that he does not own or operate, including 1290 Avenue of the Americas, where he holds only a passive 30% stake [7][8] Misrepresentation of Assets - Trump has inflated his real estate portfolio by listing the same property multiple times and claiming ownership of buildings that have removed his brand [9][10] - Properties like Trump World Tower and the Grand Hyatt Hotel are cited as part of his portfolio, but Trump's actual ownership stakes are minimal or non-existent [10]

Core Insights - Zacks Premium offers various tools for investors to enhance their stock market strategies and confidence [1] - The Zacks Style Scores are designed to help investors identify stocks with the potential to outperform the market in the short term [2] Zacks Style Scores Overview - Stocks are rated from A to F based on value, growth, and momentum characteristics, with A being the highest score [3] - The Style Scores are categorized into four types: Value Score, Growth Score, Momentum Score, and VGM Score [3][4][5][6] Value Score - Focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow [3] Growth Score - Concentrates on a company's financial health and future growth potential, analyzing projected and historical earnings, sales, and cash flow [4] Momentum Score - Aims to capitalize on price trends, utilizing metrics like one-week price changes and monthly earnings estimate changes [5] VGM Score - Combines all three Style Scores to provide a comprehensive assessment of stocks based on value, growth, and momentum [6] Zacks Rank Integration - The Zacks Rank leverages earnings estimate revisions to guide investors in building successful portfolios, with 1 (Strong Buy) stocks historically yielding an average annual return of +23.64% since 1988 [7] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal success [9] Company Spotlight: Vornado Realty Trust - Vornado Realty Trust is a REIT focused on commercial real estate, primarily in New York City, Chicago, and San Francisco [11] - Currently rated 3 (Hold) by Zacks, Vornado has a VGM Score of B and a Momentum Style Score of B, with shares increasing by 15.9% in the past four weeks [12] - The company has seen positive earnings estimate revisions, with the Zacks Consensus Estimate for fiscal 2025 rising by $0.04 to $2.29 per share [12] - Vornado's strong Zacks Rank and favorable Style Scores make it a noteworthy consideration for investors [13]

Core Insights - Vornado Realty Trust (VNO) shares have increased by 11% over the past month, significantly outperforming the industry growth of 1.3% [1] - The company's premium assets in select high-rent, high-barrier-to-entry markets are expected to thrive due to strong demand, supported by portfolio-repositioning efforts and a robust balance sheet [1][4] - Vornado completed the acquisition of the 623 Fifth Avenue office condominium for $218 million, adding 382,500 rentable square feet to its portfolio [1][6] Financial Performance - The Zacks Consensus Estimate for Vornado's 2025 funds from operations (FFO) per share has been revised upward by one cent to $2.27 [2] - In Q2 2025, Vornado leased a total of 1.7 million square feet, with 1.5 million square feet in New York at starting rents of $101.44, reflecting strong market demand [5][6] Strategic Initiatives - Vornado is focusing on opportunistic developments and divestitures, which provide capital for reinvestment in growth opportunities [6][8] - The company sold a 173,000-square-foot Class A office building for $205 million, indicating effective portfolio management [6][7] Market Position - Vornado's strategic focus on high-quality assets in the New York City office market, along with a diversified tenant base, is expected to drive steady cash flows and long-term growth [4] - The growth of office-using jobs and expansion in sectors like technology and finance are anticipated to enhance rental revenues in the coming quarters [5] Financial Strength - As of June 30, 2025, Vornado had $2.92 billion in liquidity, including $1.36 billion in cash and cash equivalents, and $1.56 billion available under its revolving credit facilities, positioning the company well for future investments [8]

Core Insights - Fresco by Scotto is celebrating a 10-year lease renewal with its landlord, Jack Resnick & Sons, which signifies a strong partnership and stability for the restaurant in a competitive market [1][2]. Company Overview - Fresco by Scotto, co-owned by Rosanna Scotto, has been a staple in the East Midtown restaurant scene since its opening in 1993, known for its Italian cuisine and appealing dining atmosphere [2][4]. - The restaurant's longevity is attributed to its family-run nature and the commitment of the Scotto family, which includes Rosanna, her mother Marion, and her children LJ and Jenna Ruggiero [2][5]. Industry Context - The restaurant is located near the site of a significant development project, 350 Park Ave., which will involve the construction of a 1,600-foot skyscraper by Vornado Realty Trust and other partners, potentially impacting the surrounding area [3]. - The developers have expressed a commitment to being sensitive to the needs of Fresco during the construction process, indicating a collaborative approach to urban development [5].

Core Viewpoint - The company expresses optimism about the momentum in the New York real estate market, indicating that it has accelerated compared to the previous year [2]. Company Insights - The company has successfully executed various initiatives over the past couple of years, contributing to its positive outlook [3]. - The company is characterized as being New York-centric, focusing primarily on the New York City market [3].

Summary of Vornado Realty Trust (NYSE:VNO) 2025 Conference Company Overview - Vornado Realty Trust is a New York City-centric real estate investment trust (REIT) that owns approximately 23 million square feet of office space in New York City, with significant assets in the Penn District campus [4][6]. Core Industry Insights - The New York office market is experiencing a strong recovery, with office utilization and traffic exceeding pre-pandemic levels [8]. - There is a notable increase in leasing activity, with 2.3 million square feet leased year-to-date and an additional 1.5 million square feet in the pipeline [14]. - The demand for office space is robust across various sectors, including technology, finance, and entertainment, with a notable "flight to quality" trend [13][18]. Leasing and Demand Trends - The company is witnessing increased competition for office space, particularly in prime locations like the Penn District [14]. - Class B office spaces are also seeing improved occupancy rates, with rents in that category ranging from $70 to $80 per square foot [13]. - The leasing environment is shifting towards a landlord's market, allowing Vornado to reduce free rent packages and increase rents [15]. Tenant Demand and Industry Dynamics - Major industries driving demand include technology, finance, and entertainment, with a resurgence in big tech companies returning to the market [17][18]. - The finance sector is particularly active, with firms looking to secure space for future growth [20]. - The advertising sector remains slower in recovery compared to other industries [19]. Financial Performance and Balance Sheet - Vornado has significantly deleveraged its balance sheet, with net debt to EBITDA at 7.02, positioning it as one of the lower-levered office companies in New York [48]. - The company aims to achieve investment-grade status, which will further improve its financial standing [49]. Development and Acquisition Strategy - Vornado is focused on both development and acquisition opportunities, particularly in the Penn District, which is seen as a growth driver [75]. - The company is also exploring dispositions of non-core assets, with a strategic approach to upgrade its portfolio [51]. Market Outlook - The overall sentiment regarding the New York office market is positive, with expectations of continued demand and rental growth [58]. - The transaction market is showing signs of recovery, with increased interest from various types of investors [56]. Unique Projects and Future Plans - The Pier 94 studio development is highlighted as a unique opportunity, expected to open by the end of the year [83]. - Vornado is also planning residential projects and enhancing its existing properties to capture more rent [76]. Political and Economic Considerations - The upcoming mayoral election is not expected to significantly impact tenant behavior or leasing activity, as the demand remains strong [88]. Conclusion - Vornado Realty Trust is well-positioned to capitalize on the recovering New York office market, with a strong leasing pipeline, a focus on quality tenants, and a commitment to maintaining a robust balance sheet [49][58].

Group 1 - Vornado Realty Trust (VNO) has acquired the 623 Fifth Avenue office condominium for $218 million, which includes 382,500 rentable square feet and is currently 75% vacant [1][6] - The acquisition aligns with Vornado's strategy to expand its market share in the New York City office market, where office occupiers are looking to grow their footprints [2] - Vornado's portfolio consists of high-quality office properties in high-rent markets such as New York, Chicago, and San Francisco, benefiting from job growth and expansion in tech, financial, and media sectors [3] Group 2 - In 2024, Vornado completed 18 premium transactions in New York, totaling 1.36 million square feet, indicating strong demand in the office market [2] - Over the past six months, Vornado's shares have increased by 6.6%, contrasting with a 0.4% decline in the industry [3]

Core Viewpoint - Vornado Realty Trust has completed the acquisition of a 36-story office condominium at 623 Fifth Avenue for $218 million, with plans to redevelop it into a premier Class A boutique office building [1]. Company Overview - Vornado Realty Trust is a fully-integrated equity real estate investment trust [2]. Acquisition Details - The acquired building has a total rentable area of 382,500 square feet and is currently 75% vacant [1]. - The acquisition price for the property was $218 million [1]. Future Plans - Vornado intends to completely reposition and redevelop the acquired property to enhance its market position as a best-in-class office space [1].