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Vornado Realty Trust Message Board

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  • ferdiefor ferdiefor Oct 23, 2002 12:43 AM Flag

    attractive valuation

    Hate to burst the bubble but cold storage has been a drag on VNO and CEI's earnings for quite sometime. CEI has been choking on it including BK for their operating company COPI that was related to cold storage at an ops level if I understand the situation.

    Cold storage had dragged on VNO for quite sometime. In addition they had to writedown the investment in PGE this last quarter by marking to market.

    In a few days the dividend should be increased or I should say 10/26 is the normal date for annoucement of increases. This will be most interesting to watch and see what is going to happen on that front. I have a speculation of what I think the increase should be but will wait to see like everyone else.

103.75-0.02(-0.02%)1:38 PMEDT