68.35 0.00 (0.00%)
After hours: 4:15PM EDT
|Bid||64.88 x 800|
|Ask||68.66 x 800|
|Day's Range||67.76 - 68.79|
|52 Week Range||64.13 - 79.56|
|Beta (3Y Monthly)||1.17|
|PE Ratio (TTM)||142.40|
|Earnings Date||Oct 29, 2018|
|Forward Dividend & Yield||2.52 (3.74%)|
|1y Target Est||79.15|
LCOR Inc. hopes to submit plans to Arlington County next month to develop a multifamily-over-retail project on part of the Verizon site in Crystal City after quietly acquiring the nearly 40,000-square-foot property over the summer. The suburban Philadelphia based developer wants to build around 280 units and up to 20,000 square feet of retail on what is now a surface lot at 400 11th St. S, excluding the Verizon switchgear facility that will remain. LCOR acquired the parcel from Verizon Communications Inc. in July for $9.5 million, according to county land records.
The decision by five investment companies to pull the plug on a Toys “R” Us reorganization earlier this year is coming under fire from Sen. In an Oct. 16 letter to the companies, Ms. Warren (D., Mass.) asked why the investment firms had pressed to liquidate the retailer amid viable options to reorganize it and she urged them to contribute to a fund benefiting laid-off employees. The letter went to executives at Solus Alternative Asset Management, Angelo Gordon & Co., Franklin Mutual Advisors, Highland Capital and Oaktree Capital, the five major holders of a crucial stake in Toys “R” Us debt.
ALEXANDER’S, INC. (ALX) today announced that Vornado Realty Trust (VNO), the manager which conducts Alexander’s operations, will host a quarterly earnings conference call and an audio webcast on Tuesday, October 30, 2018, at 10:00 a.m. Eastern Time (ET). On the call, information concerning Alexander’s may be discussed. The conference call can be accessed by dialing 888-771-4371 (domestic) or 847-585-4405 (international) and indicating to the operator the passcode 47604591. A telephonic replay of the conference call will be available from 1:30 p.m. ET on October 30, 2018 through November 29, 2018. To access the replay, please dial 888-843-7419 and enter the passcode 47604591#.
VORNADO REALTY TRUST (VNO) announced today that it will file its quarterly report on Form 10-Q for the quarter ended September 30, 2018 with the U.S. Securities and Exchange Commission and issue its third quarter earnings release on Monday, October 29, 2018, after the New York Stock Exchange has closed. The Company will host a quarterly earnings conference call and an audio webcast on Tuesday, October 30, 2018 at 10:00 a.m. Eastern Time (ET). Vornado Realty Trust is a fully-integrated equity real estate investment trust. Certain statements contained herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with the timing of and costs associated with property improvements, financing commitments and general competitive factors.
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Vornado Realty Trust said on Wednesday the repayment of a mortgage after the sale of its stake in a Manhattan office tower formerly controlled by the family of President Donald Trump's son-in-law would result in $7.3 million of net income. The amount is less than an $8 million gain Vornado had previously said it expected to report on its third-quarter financial statement. A financial statement gain of $134 million was as expected, Vornado said in a regulatory filing.
NEW YORK, Oct. 10, 2018 -- Vornado Realty Trust (NYSE: VNO) today announced that its financial results for the quarter ended September 30, 2018 will include the items listed.
The private-equity owners of Toys “R” Us Inc. are putting together a $20 million fund to make payments to thousands of former employees left jobless by the retailer’s liquidation, according to people familiar with the matter. The fund’s creation by Bain Capital and KKR & Co. is an unusual move by private-equity owners of a bankrupt company. The two private-equity firms have brought on a third party to help structure the fund and iron out the eligibility requirements, the people said.
Vornado Realty Trust (VNO) buys remaining 46% share in the retail condominium in Marriott Marquis Times Square hotel, thus becoming sole owner of the property.
Portfolio manager Joel Greenblatt is probably best known for creating Magic Formula Investing — a simple way to find good businesses at reasonable-to-cheap prices. Before that, he wrote a book called You Can Be A Stock Market Genius, which discusses spinoff stocks and other less-known investment strategies. The fact is, spinoff stocks make outsized returns for those willing to take the time to study them before their actual separation from the parent.
This analysis is intended to introduce important early concepts to people who are starting to invest and want to learn about Return on Equity using a real-life example. Vornado RealtyRead More...
VORNADO REALTY TRUST (VNO) announced today that it has acquired from Host Hotels & Resorts (“Host”) an approximate 46% interest in the retail condominium located at the base of the New York Marriott Marquis Times Square hotel for $442 million. Vornado had previously acquired a 54% interest and redeveloped the property. The original transaction provided that Vornado would become the 100% owner through a put/call arrangement, based on a pre-negotiated formula.
NEW YORK, Aug. 13, 2018-- VORNADO REALTY TRUST announced today that it has completed a $120 million refinancing of 4 Union Square South, a 206,000 square foot Manhattan retail property. The interest-only ...
Vornado Realty (VNO) receives around $120 million in sale proceeds from disposing its stake in 666 Fifth Avenue Office Condominium. Q2 results reflect a loss of $1.3 million from this investment.
The Kushner family has closed on a deal to unload its office tower at 666 Fifth Avenue, a building it bought at the top of the market that was ailing financially. In a larger-than-expected deal, the New York real-estate family has agreed to lease the building to Brookfield Asset Management for 99 years, according to a Brookfield statement that confirmed earlier reporting by The Wall Street Journal. The tower has been under scrutiny because Jared Kushner is married to President Trump’s daughter, Ivanka Trump, and is a senior adviser to the president.