|Bid||0.00 x 1300|
|Ask||62.77 x 1000|
|Day's Range||62.67 - 63.25|
|52 Week Range||58.60 - 75.25|
|Beta (3Y Monthly)||0.88|
|PE Ratio (TTM)||4.18|
|Forward Dividend & Yield||2.64 (4.20%)|
|1y Target Est||N/A|
Investors are spooked by concerns that the Manhattan market will become overwhelmed by supply additions coming from the Hudson Yards megaproject, Midtown Manhattan, and Lower Manhattan. Indeed, Hudson Yards represents one of the largest development projects in the United States and is scheduled to add more than 10 million square feet of mostly Class A office space to the Manhattan market once completed.
With a portfolio focused on the high-growth Sun Belt market, Highwoods Properties (HIW) is well poised to benefit from favorable demand trends. Yet, higher dispositions may impede bottom-line growth.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Vornado Realty Trust and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Furthermore, the transaction has a significant exposure to Class B regional malls with a total of five loans representing 35% of the pooled loan balance. Moody's rating action reflects a base expected loss of 8.1% of the current pooled balance, compared to 4.6% at Moody's last review.
Vornado Realty's (VNO) Q2 performance highlights decline in occupancy at its New York, theMart and 555 California portfolios. Also, low leasing volumes in New York office portfolio dent results.
Vornado (VNO) delivered FFO and revenue surprises of -3.19% and -14.36%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Performance of REITs is likely to benefit from low unemployment level and rising wages, and still-resilient consumer sentiment, though rising supply might impede any robust growth.
Ventas' (VTR) Q2 results display stellar revenues from office and triple net leased portfolio, while its impressive 1H19 performance encourages management to raise the guidance for the ongoing year.
After more than three decades focused on the bricks and mortar of commercial real estate, the former head of Vornado Realty Trust’s D.C. business is shifting his lens to the technology that will drive those properties in the years to come. Mitchell Schear has been named an executive partner at Camber Creek, a Rockville-based venture capital firm focused on startups in the rapidly expanding property technology, or proptech, industry. The firm, launched in 2011, focuses on tech startups concentrating on real estate and the built environment, and it has lent its support to firms that include crowdsourced development company Fundrise LLC, data firm Compstak Inc., and Vornado spinoff WhyHotel Inc., among others.
Cousins Properties (CUZ) witnesses solid leasing activity in Q2, while higher interest expense and general and administrative expenses impede bottom-line growth.
Although the retail real estate market displayed signs of recovery in Q2, Topshop's store closure at 608 Fifth Avenue is expected to unfavorably impact Vornado's (VNO) earnings.
JBG Smith Properties is proposing to add roughly 1,000 units to its RiverHouse apartment complex in Pentagon City as the Bethesda-based developer ramps up its multifamily plans in the shadow of Amazon.
Vornado Realty Trust NYSE:VNOView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is low for VNO with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding VNO are favorable, with net inflows of $8.70 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. VNO credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Philip Green's fashion empire Arcadia Group said on Tuesday it received applications from legal entities of U.S.-based property group Vornado challenging two of its seven planned Company Voluntary Agreements (CVAs). Arcadia said the challenges to the CVAs, which were approved in June by the majority of creditors, were "without merit" and it would defend itself against them.
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