Vornado Realty Trust Aktie News

Are real estate stocks heading for a tumble? Increasingly, short sellers are betting that real estate is in for a difficult time in 2024 and beyond.

Vornado Realty's common shares have rallied from record lows, partially driven by its strong development and leasing pipeline. There is a 40% probability of the Fed cutting rates by 75 basis points to exit 2024, which could lead to further expansion of the VNO's FFO multiple. This should also boost the value of the preferreds which are trading at significant discounts to their liquidation value.

A few months ago most consumers and investors were expecting rate cuts perhaps as early as February or March. Today, it looks like June is the more likely scenario.

Commercial real estate is in dire straits. Skeptics don't have to look further than “The Monthly Dividend Company,” Realty Income (NYSE: O ), a perennial favorite among income and REIT investors for proof.

NEW YORK, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that The Avra Group will open its famed Mediterranean restaurant in THE PENN DISTRICT, one of the most desirable and convenient locations in Manhattan, sitting directly atop Penn Station.

Office vacancy rates are at a 30-year high. Share prices of the largest traditional office REITs are down 40-60% from pre-COVID levels. More bad news is coming; declines may reach 80% "blood in the street" levels.

Vornado Realty Trust (VNO) Q4 2023 Earnings Call Transcript

NEW YORK, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) reported today: Quarter Ended December 31, 2023 Financial Results NET LOSS attributable to common shareholders for the quarter ended December 31, 2023 was $61,013,000, or $0.32 per diluted share, compared to $493,280,000, or $2.57 per diluted share, for the prior year's quarter. Adjusting for the items that impact peri...