Vornado Realty Trust (VNO)
Vornado (VNO) Q2 FFO and Revenues Top Estimates
Vornado (VNO) came out with quarterly funds from operations (FFO) of $0.57 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to FFO of $0.72 per share a year ago.
Bear of the Day: Vornado Realty Trust (VNO)
Vornado Realty Trust ( VNO ) reported first-quarter results that continued to underwhelm Wall Street analysts and propelled them to lower estimates yet again to consensus figures representing a 2% decline in the topline and a 19% annual drop in the bottom line. Funds from operations (FFO), plus assumed conversions as adjusted per share, of 55 cents missed the Zacks Consensus Estimate of 58 cents.
Vornado's (VNO) Retail JV Boosts Strength With $400M Refinancing
Vornado's (VNO) $400-million refinancing of 640 Fifth Avenue will offer greater financial flexibility.
Vornado Realty Trust: An 8.5% Yield For 52 Cents With The Series O Preferreds
Vornado Realty Trust's Series O Preferred Shares offer a high yield and are trading at a steep discount to par value of 52%. Manhattan office real estate trends are improving, with new office developments collapsing and demand for Class A office space increasing. Vornado's balance sheet depth and free cash flow provide strong coverage for the Series O preferreds, making them an attractive investment.
Should You Retain Vornado Realty (VNO) in Your Portfolio Now?
Vornado Realty's (VNO) properties are poised to draw in tenants on the back of the strong demand for premier office spaces. However, elevated interest rates continue to be a concern.
Is the Options Market Predicting a Spike in Vornado Realty Trust (VNO) Stock?
Investors need to pay close attention to Vornado Realty Trust (VNO) stock based on the movements in the options market lately.
Vornado Realty Trust Q1 Earnings: Management Is Excited, But There Is Reason To Be Cautious
Vornado Realty Trust reported mixed earnings for the first quarter, with strong leasing activity in their portfolio and ALX. Occupancy rates for VNO's portfolio remain below 90%, and same-store net operating income is trending downward. We explore VNO's first quarter earnings and compare them against the broader market.
