BNET Industries
Market Cap:$11.5B
Last Fiscal Year Sales:$2.6B
- Public
- US
Dow Jones Description
Vornado Realty Trust's Manhattan Portfolio consists of 21.7 million sf across 50 properties, which includes Class A office buildings, street retail, showroom and residential assets, and the Hotel Pennsylvania. Vornado's New York Office Division also oversees the leasing and management of the 1.8 million sf 555 California Street - a signature fixture in the San Francisco skyline and one of the most recognizable office towers on the West Coast. Read more
Number of Employees 3,529
Peer Companies
NAICS Code : 525930
Recent Events
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Vornado posts jump in 3Q FFO on K Street sale
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Vornado Realty Launches $2 Billion Buyback For Convertible Debt
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Vornado Realty Trust Announces Cash Tender Offers for Any and All of Its 3.625% Convertible...
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BUYINS.NET: AMT, VNO, ADM, HCP, SID, ACOR Expected To Be Lower After Earnings Releases on...
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Vornado Declares Quarterly Dividend on Common Shares of $0.65 Payable $0.38 in Cash and $0.27...
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Vornado Announces Details of its Common Share Dividend Payable on September 14, 2009
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Vornado Announces Details of its Common Share Dividend Payable on June 12, 2009
News & Analysis
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vornado realty trust - All News and Analysis
CMBS TALF Is Starting to Ramp Up
In our previous discussion on CMBS called CMBS balloon risk looming, we covered the refinancing risk for commercial mortgages. These mortgages form the collateral pools for CMBS bonds, creating significant risk that these securities will default on part or all of their principal. That risk however varies dramatically based on...
Vornado's Private Equity Fund: Non-Traditional, Smart Solution for Tough Times
Nadav Manham submits: The WSJ reports that Vornado Realty Trust VNO is seeking to raise a $1bn distressed real estate fund to use as its "exclusive vehicle for real-estate and real-estate-related investments." The article wonders why a publicly-traded REIT like Vornado would choose to raise money from private investors...
Weyerhaeuser Cut Dividend by 80%, Who's Next?
Ockham Research submits: “Let’s take a quick look at these stocks moving lower right now. Timber producing Weyerhauser is cutting the dividend from 25 cents to 5 cents and that stock is moving lower, about 5% today.” Fox Business Network 7/7/2009 by Ockham Research
Vultures Circling Commercial Real Estate May Be a Good Sign
Tom Lindmark submits: When the vultures start flocking, is that a good sign for the economy? It may seem perverse but there’s probably some truth there. That’s why I take a little bit of hope out of this article in The Deal: When it comes to investing, especially...
With Commercial Real Estate's Bleak Outlook, Tread Lightly
Zacks.com submits: By Greg Sukenik The National Association of Realtors issued predictions for four major sectors of commercial real estate this week. According the report, national office vacancies are expected to increase from 16.1% in 2009 to over 20% in 2010 with rents falling about 7% this year...
REITs Industry Outlook
Zacks.com submits: By: Greg Sukenik Equity REITs have rebounded nicely over the past few months. So far this quarter, equity REITs have posted total returns of 36% total return FTSE NAREIT Index. All sectors are up in the 2nd quarter; the best performing sectors were lodging...
Office REIT Outlook Still Bleak
Zacks.com submits: According to new data from commercial real estate services company Cushman and Wakefield, US office market vacancies jumped in 1Q09. The overall US office vacancy rate was 12.5% in 1Q09, 130 bps higher than year-end 2008. Only one market of the 31 CBDs central business districts...
Alexander's: Clearance Sale or Value Illusion?
H.J. Huney submits: REITs have become the spanking boy for the market over the past year and it’s difficult to find a REIT that has not lost at least half of its value from 2007 peaks. While much of this punishment is justified, my basic hypothesis is that the market...
REITs: Good Time to Buy, But Expect Near-Term Choppy Prices
Zacks.com submits: Equity REITs posted somewhat of a comeback last week after a rough 1st quarter. So far in March, REITs have rebounded 7% total return FTSE NAREIT Index. All sectors are up in March; the best performing sectors were apartments (16% return), industrial (16%), and lodging (15%)....
Vornado Should Withstand Economic Crisis
Zacks.com submits: Vornado Realty Trust VNO is a New York-based real estate investment trust (REIT) that acquires, owns, and leases office properties, retail space and temperature-controlled logistics and refrigerated warehouses. The company owns and manages approximately 100 million square feet of real estate (including pro-rata share of partially-owned...



