Vornado Realty Trust offers a range of preferred stocks and OTC bonds, providing investors with multiple fixed-income options. VNO's preferred securities and bonds are detailed, supporting portfolio diversification and yield enhancement strategies. The article highlights the availability and characteristics of VNO's preferreds and OTC bonds, aiding security selection.
Vornado Realty Trust recorded dual beats in its fiscal 2026 first quarter and attractive preferred spreads over US10Y. VNO reported first-quarter revenue of $459.11 million, beating consensus by $31.46 million, with a sequential improvement in the year-over-year revenue dip. Funds from operations (FFO) per diluted share was $0.49, down from $0.67 last year. But New York occupancy rose 30 basis points to 90.3% to end the first quarter.
VNO posts in-line Q1 FFO as leasing, NOI and occupancy rise in key portfolios, while deals, buybacks and refinancing reshape its balance sheet.
Vornado Realty Trust is mispriced as if its depressed earnings are permanent, overlooking its high-quality Manhattan assets and redevelopment upside. VNO's valuation is anchored to stressed cash NOI, but normalization and project completions could drive 13–14% asset-level and up to 82% equity upside. Redevelopment projects, such as PENN District and 623 Fifth Avenue, target 10–12% yields, well above NYC office cap rates, supporting future NOI growth.
The clip, which assailed mega-billionaire Griffin for owning a $238 million apartment, could deflate Griffin's commitment to partner with Vornado and the Rudin organization to build a $4.5 billion skyscraper on Park Avenue between East 51st and 52nd streets.
The headline numbers for Vornado (VNO) give insight into how the company performed in the quarter ended March 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Vornado (VNO) came out with quarterly funds from operations (FFO) of $0.52 per share, in line with the Zacks Consensus Estimate . This compares to FFO of $0.63 per share a year ago.
VNO is likely to have witnessed a decline in Q1 revenues and FFO as leasing gains meet rent pressure, debt costs and a cautious analyst outlook.
Vornado Realty Trust (NYSE:VNO) is drawing fresh analyst scrutiny as office REITs cement their position as the worst-performing REIT subsector year-to-date.
VNO secures Meta's first Manhattan retail flagship with a 10-year lease at the 697 Fifth Avenue building.
Boothbay Fund Management LLC acquired a new position in shares of Vornado Realty Trust (NYSE: VNO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 154,470 shares of the real estate investment trust's stock, valued at approximately
VNO signs Le Colonial for a 15-year lease at 50 West 57th St, adding a 9,600-sq-ft restaurant set to open in summer 2027 to boost tenant appeal.