VORNADO REALTY TRUST (VNO) announced today that it will file its quarterly report on Form 10-Q for the quarter ended March 31, 2020 with the U.S. Securities and Exchange Commission and issue its first quarter release on Monday, May 4, 2020, after the New York Stock Exchange has closed. The Company will host a quarterly earnings conference call and an audio webcast on Tuesday, May 5, 2020 at 10:00 a.m. Eastern Time (ET). Vornado Realty Trust is a fully-integrated equity real estate investment trust.
VNO earnings call for the period ending March 31, 2020.
The novel coronavirus may do to U.S. office rentals what e-commerce did to malls, or so goes a line of thinking running through commercial real estate circles. This has come even as the leasing business boomed in New York with a surging jobs market and economic expansion that was upended by orders to close offices to prevent the spread of the coronavirus. Now technology threatens to further reduce the amount of square footage companies lease after seeing how well the work-from-home experience has fared.
Q1 2020 Vornado Realty Trust and Alexander's Inc Earnings Call
Vornado (VNO) delivered FFO and revenue surprises of -5.26% and 3.46%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
VORNADO REALTY TRUST (VNO) announced today that, due to the public health impact of COVID-19, the Company will hold its 2020 Annual Meeting of Shareholders in a virtual meeting format only, via audio webcast. As described in the proxy materials for the Annual Meeting, shareholders are entitled to participate in the Annual Meeting if they were a shareholder as of the close of business on March 16, 2020, the record date. Regardless of whether you plan to participate in the Annual Meeting, we urge you to vote and submit your proxy in advance of the meeting by one of the methods described in the proxy materials for the Annual Meeting.
Vornado Realty Trust, the real estate investment trust that owns office, retail and merchandise properties, disclosed Monday that Chief Executive Steven Roth has waved 50% of his "annual base salary," effective April 1 through the end of 2020, in response to the impact on its business from the COVID-19 pandemic. To put that pay cut in context, the company said in its 2019 Proxy Statement, that was filed to the Securities and Exchange Commission on April 3, that Roth's base salary in 2019 was $880,003, and represented 7.7% of his total compensation of $11.47 million, which was down slightly from a base salary of $1,000,000 and total compensation of $11.60 million in 2018. Vornado's stock, which is down 40.0% year to date, gained 7.2% in 2019, while the SPDR Real Estate Select Sector ETF rallied 24.7% and the S&P 500 climbed 28.9%.
Nonetheless, longtime CEO Steve Roth is optimistic about New York City’s commercial real-estate market.
The guru joins Carl Icahn in projecting troubles ahead for office properties Continue reading...
ALEXANDER’S, INC. (ALX) today announced that Vornado Realty Trust (VNO), the manager which conducts Alexander’s operations, will host a quarterly earnings conference call and an audio webcast on Tuesday, May 5, 2020 at 10:00 a.m. Eastern Time (ET). Such factors include, among others, risks associated with the timing of and costs associated with property improvements, financing commitments, the financial condition of our tenants and general competitive factors.
Today's 5 Stock Ideas: * Carnival (CCL) \- A play on recent heavy option and block trade volume. On Monday, the company announced it will return eight of its cruise ships to operations in August. * Beyond Meat (BYND) \- An earnings play. Will report quarterly results after the close Tuesday. * Atlassian (TEAM) \- A play on a software stock trading at new all-time highs. * Roku (ROKU) \- An earnings play on streaming. The company will report quarterly results after the close on Thursday. * Vornado (VNO) \- A play on a real estate operator. The company on Monday said "We have collected substantially all of the rent due for March 2020 and collected 90% of rent due from our office tenants for the month of April 2020 and 53% of the rent due from our retail tenants for the month of April 2020."See more from Benzinga * Benzinga Pro's Top 5 Stocks To Watch For Wed., Apr. 15, 2020: SONN, MAR, TSCO, CCL, LAKE * Benzinga Pro's Top 5 Stocks To Watch For Wed., Mar. 18, 2020: GIS, TSLA, BYND, ARMK, APRN(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Vornado's (VNO) Q1 results reflect a decline in same-store NOI performance of the New York portfolio as well as theMART.
Cisco jumps on the back of strong 1st-quarter results Continue reading...
The novel coronavirus may do to U.S. office rentals what e-commerce did to malls, or so goes a line of thinking running through commercial real estate circles. This has come even as the leasing business boomed in New York with a surging jobs market and economic expansion that was upended by orders to close offices to prevent the spread of the coronavirus. Now technology threatens to further reduce the amount of square footage companies lease after seeing how well the work-from-home experience has fared.
Vornado's (VNO) Q1 results are expected to reflect declining revenues due to the impacts of the pandemic on its properties based in New York City.
NEW YORK, April 29, 2020 -- VORNADO REALTY TRUST (NYSE:VNO) announced today that its Board of Trustees has declared the following quarterly preferred dividends: Series A.
NEW YORK, May 04, 2020 -- VORNADO REALTY TRUST (NYSE: VNO) reported today: Quarter Ended March 31, 2020 Financial Results NET INCOME attributable to common shareholders for.
New York-based Rhizome Partners published its Q1 2020 investor letter recently. A copy of the letter can be downloaded here. Bill Chen is Rhizome Partners’ founder and managing partner. The fund was founded in 2013. In Q1 2020, Class B investors of Rhizome Partners witnessed a 14.0% net loss compared to a 19.6% net loss witnessed […]
The real estate sector includes companies that own, develop, and manage residential, commercial, and industrial properties. Each of these three real estate segments includes publicly traded real estate investment trusts (REITs).
VORNADO REALTY TRUST (VNO) announced today that its Board of Trustees has declared a regular quarterly dividend of $.66 per share payable on May 22, 2020 to common shareholders of record on May 11, 2020. Vornado Realty Trust is a fully-integrated equity real estate investment trust. Certain statements contained herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.