UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark one) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2023 Or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from: to Commission File Number: 001-11954 (Vornado Realty Trust) Commission File Number: 001-34482 (Vornado Realty L.P.) Vornado Realty Trust Vornado Realty L.P. ...

Financial Data and Key Metrics Changes - Second quarter comparable FFO as adjusted was $0.72 per share, down from $0.83 in the same quarter last year, a decrease of 13.3% primarily due to higher net interest expense from increased rates [13][14] - The principal difference in numbers this year compared to last year is attributed to the rise in interest rates, with the overall economy being more resilient than expected [9][10] - The company expects 2023 comparable FFO to be down from 2022, with a known impact of certain items totaling a $0.55 reduction primarily from rising interest rates [14][15] Business Line Data and Key Metrics Changes - The New York cash same-store office business was up 3%, and the overall New York business was up 2.7% [14] - During the second quarter, the company completed 19 leases totaling 279,000 square feet, with starting rents at $91.57 per square foot, reflecting a positive mark-to-market of 5.7% cash and 9.9% GAAP [17] - The average starting rents for the first six months of the year were $99 per square foot, indicating a trend upward in rental rates [17] Market Data and Key Metrics Changes - Leasing activity was led by strong demand from traditional industries, particularly financial services and law firms, accounting for almost 40% of the 5.2 million square feet leased in the quarter [16] - Midtown accounted for 70% of this quarter's leasing activity, with 75% of Midtown leasing occurring in Class A properties, reinforcing the flight to quality theme [16] - Actual vacancy in competitive pockets like Park Avenue and Sixth Avenue is below 10%, with rents moving up nicely [20] Company Strategy and Development Direction - The company aims to conserve cash, protect its balance sheet, and raise cash by selectively selling assets, reducing debt, and buying back stock [10] - The Penn District continues to be a focal point for growth, with significant potential for shareholder value as projects come online [10][19] - The company remains focused on maintaining balance sheet strength, with current liquidity at $3.2 billion, including $1.3 billion in cash and restricted cash [27] Management's Comments on Operating Environment and Future Outlook - Management believes that the office sector will recover, similar to the resurgence of malls, despite current challenges [8] - The financing markets remain highly constrained, particularly for office, but there is more appetite for retail [23] - Management is optimistic about the leasing pipeline, with 580,000 square feet of leases in negotiation and an additional 1.2 million square feet in the pipeline [21] Other Important Information - The company has been active in selling assets, recently announcing the sale of four small retail assets in Manhattan [26] - The restructuring of the St. Regis retail loan was completed, adding five years of term [24] - The new compensation plan was implemented to incentivize retention and performance during challenging times [45][49] Q&A Session Summary Question: Can you elaborate on the leasing pipeline and how much relates to PENN2? - Approximately 40% of the leasing activity was at PENN1, with a strong pipeline of nearly 600,000 square feet of leases in negotiation [30] Question: What is the updated thought on the dividend and the pace of buybacks? - The company is being opportunistic about selling assets and will evaluate the dividend based on cash versus stock mix at the end of the year [34] Question: Can you quantify the mark-to-market opportunity for expiries through 2024? - It is difficult to predict mark-to-market values, but there is positive momentum in key submarkets with sub 10% vacancy rates [38] Question: What are the expectations for NOI in retail and office for the second half of the year? - The company is not providing specific guidance for the second half, indicating it is premature to predict [57] Question: How does the company view leasing activity in San Francisco and Chicago? - San Francisco has been successful with 555 Cal, while Chicago is experiencing a lack of tenant demand, particularly for larger spaces [52] Question: Are there plans to sell a joint venture stake in the Farley building? - The company is not commenting on future plans for the Farley building but acknowledges it as a strong asset [59] Question: What is the recurring versus one-time impact on the $0.72 FFO in the quarter? - The significant one-time impact was from a tenant termination at 345 Montgomery, totaling $0.07, with other minor adjustments [62]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark one) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2023 Or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from: to Commission File Number: 001-11954 (Vornado Realty Trust) Commission File Number: 001-34482 (Vornado Realty L.P.) Vornado Realty Trust Vornado Realty L.P. (Exa ...

Vornado Realty Trust (NYSE:VNO) Q1 2023 Earnings Conference Call May 2, 2023 10:00 AM ET Company Participants Steven Borenstein - SVP and Corporation Counsel Steven Roth - CEO Michael Franco - President and CFO Glen Weiss - EVP, Office Leasing and Co-Head of Real Estate Conference Call Participants Steve Sakwa - Evercore Alexander Goldfarb - Piper Sandler Michael Griffin - Citi John Kim - BMO Capital Camille Bonnel - Bank of America Daniel Ismail - Green Street Derek Johnston - Deutsche Bank Vikram Malhotra ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark one) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2023 Or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from: to Commission File Number: 001-11954 (Vornado Realty Trust) Commission File Number: 001-34482 (Vornado Realty L.P.) Vornado Realty Trust Vornado Realty L.P. Ind ...

Vornado Realty Trust (NYSE:VNO) Q4 2022 Earnings Conference Call February 14, 2023 10:00 AM ET Company Participants Steven Borenstein - SVP and Corporation Counsel Steven Roth - CEO Michael Franco - President and CFO Glen Weiss - EVP, Office Leasing and Co-Head of Real Estate Thomas Sanelli - EVP, Finance and Chief Administrative Officer Conference Call Participants Steve Sakwa - Evercore ISI John Kim - BMO Capital Markets Camille Bonnel - Bank of America Michael Griffin - Citi Alexander Goldfarb - Piper Sa ...

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended: December 31, 2022 OR Commission File Number: 001-11954 (Vornado Realty Trust) Commission File Number: 001-34482 (Vornado Realty L.P.) Vornado Realty Trust Vornado Realty L.P. (Exact name of ...

Vornado Realty Trust (NYSE:VNO) Q3 2022 Earnings Conference Call November 1, 2022 10:00 AM ET Company Participants Steven Borenstein - Senior Vice President and Corporation Counsel Steven Roth - Chief Executive Officer Michael Franco - President and Chief Financial Officer Glen Weiss - Executive Vice President, Office Leasing and Co-Head of Real Estate Thomas Sanelli - Executive Vice President, Finance and Chief Administrative Officer Conference Call Participants Steve Sakwa - Evercore Inc. Michael Griffin ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark one) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2022 Or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from: to Commission File Number: 001-11954 (Vornado Realty Trust) Commission File Number: 001-34482 (Vornado Realty L.P.) Vornado Realty Trust Vornado Realty L.P. ...

Vornado Realty Trust (NYSE:VNO) Q2 2022 Earnings Conference Call August 2, 2022 10:00 AM ET Company Participants Steven Borenstein – Senior Vice President and Corporation Counsel Steven Roth – Chairman and Chief Executive Officer Michael Franco – President and Chief Financial Officer Glen Weiss – Executive Vice President-Office Leasing and Co-Head-Real Estate Conference Call Participants Jamie Feldman – Bank of America Michael Bilerman – Citi Steve Sakwa – Evercore ISI Alexander Goldfarb – Piper Sandler Joh ...