Summary
38.88 0.04(0.10%)09/27/2024
Vornado Realty Trust (VNO)
Vornado Realty Trust (VNO)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| 0.13 | 0.21 | 13.68 | 51.79 | 41.56 | 77.90 | -24.52 | 26,062.79 |
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| Trading Data | ||
| Close | 38.88 | |
| Open | 39.10 | |
| High | 39.46 | |
| Low | 38.73 | |
| Volume | 1,290,724 | |
| Change | 0.05 | |
| Change % | 0.13 | |
| Avg Volume (20 Days) | 1,611,132 | |
| Volume/Avg Volume (20 Days) Ratio | 0.80 | |
| 52 Week Range | 18.36 - 39.91 | |
| Price vs 52 Week High | -2.58% | |
| Price vs 52 Week Low | 111.76% | |
| Range | -0.56 | |
| Gap Up/Down | -0.17 | |
Fundamentals | ||
| Market Capitalization (Mln) | 7,399 | |
| EBIDTA | 727,340,032 | |
| PE Ratio | 120.5910 | |
| PEG Ratio | 2.5796 | |
| WallStreet Target Price | 45.64 | |
| Book Value | 26.6680 | |
| Earnings Per Share | -0.6263 | |
| EPS Estimate Current Quarter | 0.1300 | |
| EPS Estimate Next Quarter | 0.1400 | |
| EPS Estimate Current Year | 0.6300 | |
| EPS Estimate Next Year | 0.7700 | |
| Diluted EPS (TTM) | -0.6270 | |
| Revenues | ||
| Profit Marging | -0.0281 | |
| Operating Marging (TTM) | 0.2094 | |
| Return on asset (TTM) | 0.0123 | |
| Return on equity (TTM) | -2.2331 | |
| Revenue TTM | 1,652,940,032 | |
| Revenue per share TTM | 8.6340 | |
| Quarterly Revenue Growth (YOY) | 0.1160 | |
| Quarterly Earnings Growth (YOY) | -0.2930 | |
| Gross Profit (TTM) | 832,368,000 | |
| Dividends | ||
| Dividend Share | 2.1200 | |
| Dividend Yield | 0.0512 | |
| Valuations | ||
| Trailing PE | 0.0000 | |
| Forward PE | 38.6100 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 1.5764 | |
| Revenue Enterprise Value | 9.6687 | |
| EBITDA Enterprise Value | 27.3968 | |
| Shares | ||
| Shares Outstanding | 191,680,992 | |
| Shares Float | 177,960,459 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.00 | |
| Insider (%) | 8.51 | |
| Institutions (%) | 79.27 | |
09/25 13:21 EST - zacks.com
Vornado Rises 57.6% in Three Months: Will the Trend Last?
Tenants' healthy demand for premier office spaces and portfolio-repositioning initiatives is well-poised to support VNO's performance.
Vornado Rises 57.6% in Three Months: Will the Trend Last?
Tenants' healthy demand for premier office spaces and portfolio-repositioning initiatives is well-poised to support VNO's performance.
09/21 08:05 EST - seekingalpha.com
Raise Cash And Sell Trash
As a dividend growth investor focused on income, I recommend raising cash and selling lower-quality stocks due to potential recession risks. Historical data shows that rate cuts often precede recessions, making it prudent to increase cash positions and reduce exposure to vulnerable stocks. Despite some reasonable buying opportunities, I prefer holding cash in ETFs like SGOV for liquidity and safety during uncertain economic times.
Raise Cash And Sell Trash
As a dividend growth investor focused on income, I recommend raising cash and selling lower-quality stocks due to potential recession risks. Historical data shows that rate cuts often precede recessions, making it prudent to increase cash positions and reduce exposure to vulnerable stocks. Despite some reasonable buying opportunities, I prefer holding cash in ETFs like SGOV for liquidity and safety during uncertain economic times.
09/19 14:41 EST - zacks.com
Medline to Expand at Vornado Realty's THE MART by 110,000 Square Feet
VNO securing of lease expansion with Medline at THE MART, Chicago, highlights healthy demand for the office-space building.
Medline to Expand at Vornado Realty's THE MART by 110,000 Square Feet
VNO securing of lease expansion with Medline at THE MART, Chicago, highlights healthy demand for the office-space building.
09/18 08:44 EST - globenewswire.com
Medline Triples Its Presence at THE MART, Vornado Realty Trust's Iconic Downtown Chicago Property
Medline's 161,000 SF Lease Makes the Growing Healthcare Company One of THE MART's Largest Tenants Medline's 161,000 SF Lease Makes the Growing Healthcare Company One of THE MART's Largest Tenants
Medline Triples Its Presence at THE MART, Vornado Realty Trust's Iconic Downtown Chicago Property
Medline's 161,000 SF Lease Makes the Growing Healthcare Company One of THE MART's Largest Tenants Medline's 161,000 SF Lease Makes the Growing Healthcare Company One of THE MART's Largest Tenants
09/17 11:16 EST - seekingalpha.com
Leverage In Real Estate Investing
Leverage amplifies both risks and rewards; strong fundamentals can mitigate high leverage risks, while weak fundamentals can worsen even low leverage scenarios. Vornado's low leverage couldn't save it from declining office property values, whereas NexPoint's high leverage was offset by strong apartment fundamentals. Mispricing exists in REITs due to the market's overemphasis on leverage metrics; Plymouth Industrial is undervalued despite strong fundamentals, unlike overvalued self-storage REITs with weak fundamentals.
Leverage In Real Estate Investing
Leverage amplifies both risks and rewards; strong fundamentals can mitigate high leverage risks, while weak fundamentals can worsen even low leverage scenarios. Vornado's low leverage couldn't save it from declining office property values, whereas NexPoint's high leverage was offset by strong apartment fundamentals. Mispricing exists in REITs due to the market's overemphasis on leverage metrics; Plymouth Industrial is undervalued despite strong fundamentals, unlike overvalued self-storage REITs with weak fundamentals.
09/11 10:45 EST - zacks.com
Should You Retain Vornado Realty Trust in Your Portfolio Now?
VNO's premium assets in select high-rent markets, portfolio-repositioning efforts and a healthy balance sheet augur well. However, high-interest expense ails.
Should You Retain Vornado Realty Trust in Your Portfolio Now?
VNO's premium assets in select high-rent markets, portfolio-repositioning efforts and a healthy balance sheet augur well. However, high-interest expense ails.
09/04 12:35 EST - zacks.com
Vornado (VNO) Up 9.2% Since Last Earnings Report: Can It Continue?
Vornado (VNO) reported earnings 30 days ago. What's next for the stock?
Vornado (VNO) Up 9.2% Since Last Earnings Report: Can It Continue?
Vornado (VNO) reported earnings 30 days ago. What's next for the stock?
08/22 14:25 EST - zacks.com
Vornado (VNO) Surges 35.6% in 6 Months: Will the Trend Last?
Vornado (VNO) is well-poised to gain from tenants' healthy demand for premier office spaces despite a high interest rate environment.
Vornado (VNO) Surges 35.6% in 6 Months: Will the Trend Last?
Vornado (VNO) is well-poised to gain from tenants' healthy demand for premier office spaces despite a high interest rate environment.
08/15 17:49 EST - seekingalpha.com
Vornado Realty Trust: My Largest Preferred Position Is The Series O
Vornado Realty Trust finished the second quarter with around $1.12 billion in cash, cash equivalents, restricted cash, and short-term investments. The REIT grew FFO by 2 cents over its prior first quarter as quarterly interest expense surged. Pending Fed rate cuts should benefit VNO immensely as the REIT looks to address its 2025 debt maturities.
Vornado Realty Trust: My Largest Preferred Position Is The Series O
Vornado Realty Trust finished the second quarter with around $1.12 billion in cash, cash equivalents, restricted cash, and short-term investments. The REIT grew FFO by 2 cents over its prior first quarter as quarterly interest expense surged. Pending Fed rate cuts should benefit VNO immensely as the REIT looks to address its 2025 debt maturities.
08/12 13:46 EST - zacks.com
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.
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.
08/08 08:15 EST - seekingalpha.com
8% Yielding REIT Preferred Shares
Many REIT preferred shares remain heavily discounted. 8% yield and 20% upside potential is hard to pass by. Here are two of my favorite picks.
8% Yielding REIT Preferred Shares
Many REIT preferred shares remain heavily discounted. 8% yield and 20% upside potential is hard to pass by. Here are two of my favorite picks.
08/06 12:01 EST - zacks.com
Vornado's (VNO) Q2 FFO and Revenues Surpass Estimates
Vornado (VNO) experiences decent leasing activity and higher initial rent in Q2.
Vornado's (VNO) Q2 FFO and Revenues Surpass Estimates
Vornado (VNO) experiences decent leasing activity and higher initial rent in Q2.
08/05 19:31 EST - zacks.com
Vornado (VNO) Reports Q2 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Vornado (VNO) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Vornado (VNO) Reports Q2 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Vornado (VNO) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
08/05 18:35 EST - zacks.com
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.
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.
08/05 16:20 EST - globenewswire.com
Vornado Announces Second Quarter 2024 Financial Results
NEW YORK, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) reported today: Quarter Ended June 30, 2024 Financial Results NET INCOME attributable to common shareholders for the quarter ended June 30, 2024 was $35,260,000, or $0.18 per diluted share, compared to $46,377,000, or $0.24 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 June 30, 2024 was $148,944,000, or $0.76 per diluted share, compared to $144,059,000, or $0.74 per diluted share, for the prior year's quarter.
Vornado Announces Second Quarter 2024 Financial Results
NEW YORK, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) reported today: Quarter Ended June 30, 2024 Financial Results NET INCOME attributable to common shareholders for the quarter ended June 30, 2024 was $35,260,000, or $0.18 per diluted share, compared to $46,377,000, or $0.24 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 June 30, 2024 was $148,944,000, or $0.76 per diluted share, compared to $144,059,000, or $0.74 per diluted share, for the prior year's quarter.
08/05 16:10 EST - globenewswire.com
Vornado's Retail JV Enters into $350 Million Transaction with UNIQLO
NEW YORK, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its 52% owned street retail joint venture has entered into an agreement to sell UNIQLO the portion of its U.S. flagship store at 666 Fifth Avenue owned by the retail joint venture for $350 million. The joint venture owns the fee condominium interest in 17,295 square feet (6,477 square feet at grade) of UNIQLO's 90,732 square foot store. In conjunction with the closing, the pass-through leases between the office condominium owner and the retail joint venture will be terminated.
Vornado's Retail JV Enters into $350 Million Transaction with UNIQLO
NEW YORK, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its 52% owned street retail joint venture has entered into an agreement to sell UNIQLO the portion of its U.S. flagship store at 666 Fifth Avenue owned by the retail joint venture for $350 million. The joint venture owns the fee condominium interest in 17,295 square feet (6,477 square feet at grade) of UNIQLO's 90,732 square foot store. In conjunction with the closing, the pass-through leases between the office condominium owner and the retail joint venture will be terminated.
08/01 12:11 EST - globenewswire.com
Vornado Declares Quarterly Dividends On Preferred Shares
NEW YORK, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its Board of Trustees has declared the following quarterly preferred dividends:
Vornado Declares Quarterly Dividends On Preferred Shares
NEW YORK, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its Board of Trustees has declared the following quarterly preferred dividends:
07/23 14:08 EST - globenewswire.com
Vornado Announces Second Quarter Earnings Release Date and Conference Call Information
NEW YORK, July 23, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that it will file its quarterly report on Form 10-Q for the quarter ended June 30, 2024 with the U.S. Securities and Exchange Commission and issue its second quarter earnings release on Monday, August 5, 2024, after the New York Stock Exchange has closed. The Company will host a quarterly earnings conference call and an audio webcast on Tuesday, August 6, 2024 at 10:00 a.m. Eastern Time (ET).
Vornado Announces Second Quarter Earnings Release Date and Conference Call Information
NEW YORK, July 23, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that it will file its quarterly report on Form 10-Q for the quarter ended June 30, 2024 with the U.S. Securities and Exchange Commission and issue its second quarter earnings release on Monday, August 5, 2024, after the New York Stock Exchange has closed. The Company will host a quarterly earnings conference call and an audio webcast on Tuesday, August 6, 2024 at 10:00 a.m. Eastern Time (ET).
07/18 23:32 EST - benzinga.com
Four Stocks Set to Soar After the Latest Inflation Numbers
This week I want to take a comprehensive look at the current market landscape and some exciting investment opportunities, particularly in real estate and banking sectors.
Four Stocks Set to Soar After the Latest Inflation Numbers
This week I want to take a comprehensive look at the current market landscape and some exciting investment opportunities, particularly in real estate and banking sectors.
06/27 08:00 EST - seekingalpha.com
Three Office REITs To Sell With Weak Balance Sheets
There will likely be a major sell-off in REITs in the next 2-5 years. Weak REITs with messy balance sheets, weak forecasts for FFO growth, unsafe dividends, and/or overvaluation are likely to suffer the most damage in any downturn. This article focuses on three specific REITs that may be particularly vulnerable in a downturn.
Three Office REITs To Sell With Weak Balance Sheets
There will likely be a major sell-off in REITs in the next 2-5 years. Weak REITs with messy balance sheets, weak forecasts for FFO growth, unsafe dividends, and/or overvaluation are likely to suffer the most damage in any downturn. This article focuses on three specific REITs that may be particularly vulnerable in a downturn.