|Bid||65.00 x 1000|
|Ask||0.00 x 1800|
|Day's Range||76.60 - 77.39|
|52 Week Range||64.13 - 80.30|
|PE Ratio (TTM)||159.85|
|Earnings Date||Oct 29, 2018|
|Forward Dividend & Yield||2.52 (3.28%)|
|1y Target Est||79.25|
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.
Canada's Brookfield Asset Management said on Friday it acquired a 99-year lease on a flagship New York office tower controlled by the family of Jared Kushner, the son-in-law of U.S. President Donald Trump, capping a long saga to refinance the building. Brookfield said it gained a leasehold on the office portion of 666 Fifth Avenue, a marquee property whose $1.8 billion sale to Kushner Companies in 2006 was the highest price paid for a New York office building at the time.
VORNADO REALTY TRUST (VNO) announced today that it has completed the previously announced sale of its 49.5% interests in the 666 Fifth Avenue Office Condominium to an affiliate of its partner, the Kushner Companies. Net proceeds to Vornado from the sale was approximately $120 million. Concurrently with the sale of Vornado’s interests, the existing mortgage loan on the property was repaid, and Vornado will receive net proceeds of approximately $57 million and will recognize an $8 million financial statement gain in the third quarter for the participation it held in the mortgage loan. Vornado will continue to own all of its 666 Fifth Avenue Retail Condominium encompassing the Uniqlo, Tissot and Hollister stores with 125 linear feet of frontage on Fifth Avenue between 52nd and 53rd Street.
After shelling out $1.8 billion for the 666 Fifth Ave. office tower — and later acknowledging how big of a mistake that investment was — the Kushner family is finally ridding itself of the property. The New York real-estate family has agreed to lease the building to Brookfield Asset Management for 99 years. Property partner Vornado Realty Trust (NYSE: VNO) will be bought out for $120 million and 666 Fifth will be transferred to Brookfield unencumbered.
Both top level execs had been with Federal Realty for 15-plus years. They will join Urban Edge, a Vornado Realty Trust spinoff.
Retail real estate is a headache for landlords all over New York -- well, unless they’re named Vornado. Steve Roth, chairman and chief executive officer of Vornado Realty Trust, said his company, one of the largest owners of Manhattan street retail, is doing just fine, even as its neighbors struggle with declining shopper traffic. More than half of the real estate investment trust’s store value is in the high-rent Times Square and upper Fifth Avenue corridors, Roth said on Vornado’s earnings call Tuesday.
Vornado Realty's (VNO) Q2 performance reflects year-over-year growth in same-store NOI across all three segments. However, lower liquidity remains a concern.
NEW YORK, NY / ACCESSWIRE / July 31, 2018 / Vornado Realty Trust (NYSE: VNO ) will be discussing their earnings results in their Q2 Earnings Call to be held on July 31, 2018 at 10:00 AM Eastern Time. To ...
Vornado (VNO) delivered earnings and revenue surprises of 13.40% and 1.03%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
The real estate investment trust, based in New York, said it had funds from operations of $209.7 million, or $1.10 per share, in the period. The average estimate of 11 analysts surveyed by Zacks Investment ...
NEW YORK, July 30, 2018-- VORNADO REALTY TRUST reported today:. Quarter Ended June 30, 2018 Financial Results. NET INCOME attributable to common shareholders for the quarter ended June 30, 2018 was $111.5 ...
While rising interest rates remains a concern for REITs, healthy macro-economic condition will have partly muted its impact in Q2. Let's see what's in store for ARE, AVB, SBAC, SPG, UDR and VNO.
NEW YORK, July 26, 2018-- VORNADO REALTY TRUST announced today that its Board of Trustees has declared a regular quarterly dividend of$. 63 per share payable on August 17, 2018 to common shareholders of ...
NEW YORK, July 26, 2018-- VORNADO REALTY TRUST announced today that its Board of Trustees has declared the following quarterly preferred dividends:. In each case, dividends are payable on October 1, 2018 ...
AvalonBay (AVB) Q2 results likely to reflect benefits from favorable demographics and job growth. However, rising supply remains a drag.
UDR's Q2 results likely to reflect gains from favorable demographic trends, improvement in economy and job market gains. However, rising deliveries of new units remains a concern.
Vornado's (VNO) Q2 results are expected to reflect gains from strong fundamentals in the U.S office space. Further, its New York office portfolio performance will likely display decent figures.