NEW YORK, May 05, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) reported today: Quarter Ended March 31, 2025 Financial Results NET INCOME attributable to common shareholders for the quarter ended March 31, 2025 was $86,842,000, or $0.43 per diluted share, compared to a net loss attributable to common shareholders of $9,034,000, or $0.05 per diluted share, for the prior year's quarter. The increase is primarily due to the $76,162,000 net gain recognized upon the disposition of a portion of the 666 Fifth condominium to UNIQLO, and the $17,240,000 reversal of PENN 1 rent expense previously accrued following the April 2025 rent reset determination. FUNDS FROM OPERATIONS

NEW YORK, May 05, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that it has completed a master lease with New York University ("NYU") to lease 1,076,000 square feet at 770 Broadway, on an "as is", triple net basis for a 70-year lease term. Under the terms of the master lease, a rental agreement under Section 467 of the Internal Revenue Code, NYU made a prepaid lease payment to Vornado of $935 million and will also make annual lease payments to Vornado of approximately $9.3 million during the lease term. NYU has an option to purchase the leased premises in both 2055 and at the end of the lease term in 2095. NYU will assume the existing office leases and related te

NEW YORK, April 30, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its Board of Trustees has declared the following quarterly preferred dividends:  Series A Convertible$.8125000per share  Series L Cumulative Redeemable$.3375000per share  Series M Cumulative Redeemable$.3281250per share  Series N Cumulative Redeemable$.3281250per share  Series O Cumulative Redeemable$.2781250per share        In each case, dividends are payable on July 1, 2025 to shareholders of record on June 16, 2025. Vornado Realty Trust is a fully-integrated equity real estate investment trust. CONTACT Thomas J. Sanelli(212) 894-7000 Certain statements contained herein may

PARAMUS, N.J., April 24, 2025 (GLOBE NEWSWIRE) -- Alexander's, Inc. (NYSE:ALX) today announced that it will file its quarterly report on Form 10Q for the quarter ended March 31, 2025 with the U.S. Securities and Exchange Commission and issue its first quarter earnings release on Monday, May 5, 2025, before the New York Stock Exchange opens. Vornado Realty Trust (NYSE:VNO), the manager which conducts Alexander's operations, announced it will host its quarterly earnings conference call and an audio webcast on Tuesday, May 6, 2025 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 888-317-6003 (do

NEW YORK, April 24, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that it will file its quarterly report on Form 10Q for the quarter ended March 31, 2025 with the U.S. Securities and Exchange Commission and issue its first quarter earnings release on Monday, May 5, 2025, after the New York Stock Exchange has closed. The Company will host a quarterly earnings conference call and an audio webcast on Tuesday, May 6, 2025 at 10:00 a.m. Eastern Time (ET). The conference call can be accessed by dialing 888-317-6003 (domestic) or 412-317-6061 (international) and entering the passcode 1149171. A live webcast of the conference call will be available on Vornado's websit

NEW YORK, April 22, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that the panel appointed to determine the ground rent payable by Vornado's subsidiary for the PENN 1 land parcel for the 25-year period beginning June 17, 2023 has determined that the annual rent payable during the current 25-year term will be $15 million. Further, litigation is currently pending between the parties in New York County Supreme Court relating to the matter. To date, the court denied the Vornado subsidiary's motion to dismiss the action and Vornado's subsidiary has filed a notice of appeal. The panel's decision provides that if the fee owner prevails in a final judgment in the ongoin

NEW YORK, April 14, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its 52% owned street retail joint venture has completed a $450 million financing of 1535 Broadway, a premier Times Square retail destination with full blockfront 4K LED signage. The interest only, non–recourse loan carries a fixed rate of 6.90% and matures in May 2030. After transaction costs and reserves, $407 million of the net proceeds from the financing were used to partially redeem Vornado's Retail JV preferred equity. Vornado Realty Trust is a fully-integrated equity real estate investment trust. CONTACT Thomas J. Sanelli(212) 894-7000 Certain statements contained herein m

NEW YORK, April 09, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that it released its 2024 Sustainability Report. This Sustainability Report is Vornado's 16th consecutive sustainability report which highlights the Company's industry-leading accomplishments in sustainability and provides key metrics on the Company's sustainability priorities. Key achievements for 2024 included: Became the first major real estate owner, operator and developer to achieve 100% LEED® certification across our entire portfolio of in-service buildings. Recognized for various achievements in sustainability for our continued industry leadership including (i) the inaugural

NEW YORK, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) reported today: Quarter Ended December 31, 2024 Financial Results NET INCOME attributable to common shareholders for the quarter ended December 31, 2024 was $1,203,000, or $0.01 per diluted share, compared to a net loss attributable to common shareholders of $61,013,000, or $0.32 per diluted share, for the prior year's quarter. FUNDS FROM OPERATIONS ("FFO") attributable to common shareholders plus assumed conversions (non-GAAP) for the quarter ended December 31, 2024 was $117,085,000, or $0.58 per diluted share, compared to $121,105,000, or $0.62 per diluted share, for the prior year's quarter. Adjusting f

NEW YORK, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its Board of Trustees has declared the following quarterly preferred dividends: Series A Convertible$.8125000per shareSeries L Cumulative Redeemable$.3375000per shareSeries M Cumulative Redeemable$.3281250per shareSeries N Cumulative Redeemable$.3281250per shareSeries O Cumulative Redeemable$.2781250per share In each case, dividends are payable on April 1, 2025 to shareholders of record on March 17, 2025. Vornado Realty Trust is a fully-integrated equity real estate investment trust. CONTACT Thomas J. Sanelli(212) 894-7000 Certain statements contained herein may constitute "forward-looking

4 - VORNADO REALTY TRUST (0000899689) (Issuer)

4 - VORNADO REALTY TRUST (0000899689) (Issuer)

4 - VORNADO REALTY TRUST (0000899689) (Issuer)

4 - VORNADO REALTY TRUST (0000899689) (Issuer)

4 - VORNADO REALTY TRUST (0000899689) (Issuer)

4 - VORNADO REALTY TRUST (0000899689) (Issuer)

4 - VORNADO REALTY TRUST (0000899689) (Issuer)

4 - VORNADO REALTY TRUST (0000899689) (Issuer)

4 - VORNADO REALTY TRUST (0000899689) (Issuer)

4 - VORNADO REALTY TRUST (0000899689) (Issuer)

Mizuho upgraded Vornado Rlty Trust from Neutral to Outperform and set a new price target of $48.00 from $38.00 previously

Evercore ISI upgraded Vornado Rlty Trust from Underperform to Outperform

BMO Capital Markets upgraded Vornado Rlty Trust from Market Perform to Outperform and set a new price target of $40.00 from $29.00 previously

Piper Sandler upgraded Vornado Rlty Trust from Underweight to Neutral and set a new price target of $30.00 from $22.00 previously

Morgan Stanley upgraded Vornado Rlty Trust from Underweight to Equal-Weight and set a new price target of $26.00 from $24.00 previously

Barclays initiated coverage of Vornado Rlty Trust with a rating of Underweight and set a new price target of $22.00

BMO Capital Markets upgraded Vornado Rlty Trust from Underperform to Market Perform and set a new price target of $31.00 from $25.00 previously

Evercore ISI downgraded Vornado Rlty Trust from In-line to Underperform and set a new price target of $28.00 from $23.00 previously

Compass Point initiated coverage of Vornado Rlty Trust with a rating of Neutral and set a new price target of $25.00

Truist downgraded Vornado Rlty Trust from Buy to Hold and set a new price target of $27.00 from $22.00 previously

NEW YORK, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) today named Cushman & Wakefield as the exclusive leasing agent of PENN 2, its 1.8 million square-foot PENN DISTRICT office tower. Vornado's PENN 2Seventh Avenue between 31st and 33rd Streets The Cushman & Wakefield agency team will be led by Bruce Mosler and Josh Kuriloff, who have recently been responsible for more than 7.7 million square feet in office leasing across Midtown Manhattan's burgeoning West Side. PENN 2 has been completely transformed into a world-class office environment geared toward today's leading companies. The $750 million full-building redevelopment includes a highly efficient modern g

NEW YORK, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced the appointment of Jason Kirschner, 47, as the Company's Executive Vice President – Head of Capital Markets. Mr. Kirschner reports to Michael Franco, Vornado's President and Chief Financial Officer. Mr. Kirschner brings more than 20 years of experience in financing both existing buildings and new developments, particularly in Manhattan. During his career he has sourced and executed over $35 billion of real estate financings. Prior to joining Vornado, Mr. Kirschner was Managing Director – Finance & Capital Markets at Hudson Realty Capital, an RXR affiliate, for two years and previously served at Brookfi

NEW YORK, April 10, 2023 (GLOBE NEWSWIRE) -- VORNADO REALTY TRUST (NYSE:VNO) announced today that it released its 2022 Environmental, Social, & Governance ("ESG") report. This ESG report is Vornado's fourteenth consecutive annual report which highlights the Company's industry-leading accomplishments in sustainability and provides key metrics on the Company's ESG priorities. Key ESG achievements include: Procured 100% renewable energy credits (RECs) for electricity directly managed by Vornado in the key markets in which we operate. These RECs include those sourced from hydroelectric, solar and wind facilities located in the States of New York and California.Achieved a 28% reduction in ove

NEW YORK, July 14, 2022 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today the appointment of Lauren Brust Moss as the Company's Senior Vice President – Chief Sustainability Officer. Ms. Moss has more than 20 years of experience managing sustainability, energy and capital improvements for large-scale buildings and portfolios, and is recognized as an industry thought leader and advocate on green policy, regulation and compliance. Prior to joining Vornado, Ms. Moss was Senior Vice President at Adai, the administrator of the Fitwel certification program, and previously worked in the sustainability practices at engineering firms NORESCO and Steven Winter Associates. Ms. Moss

NEW YORK, Nov. 01, 2021 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that Deirdre Maddock has been promoted to the position of Senior Vice President, Chief Accounting Officer of Vornado. Ms. Maddock succeeds Matthew Iocco, who will be retiring after 22 years with Vornado. The change continues the transition to Vornado's next generation of leaders. Mr. Iocco will remain with Vornado through December 31, 2021 to assist with the transition. Ms. Maddock currently serves as Vice President, SEC Reporting and Corporate Accounting. Prior to joining Vornado in 2016, Ms. Maddock worked in the audit practice at Deloitte & Touche LLP specializing in real estate and banking. Vo