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INX:VNO, Apr 25, 02:36 UTC

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Vornado Declares Quarterly Dividends On Preferred Shares

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NEW YORK, April 24, 2019 (GLOBE NEWSWIRE) -- VORNADO REALTY TRUST (VNO) announced today that its Board of Trustees has declared the following quarterly preferred dividends:. In each case, dividends are payable on July 1, 2019 to shareholders of record on June 17, 2019. Vornado Realty Trust is a fully-integrated equity real estate investment trust. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. For a discussion of factors that could materially affect the outcome of our forward-looking statements and our future results and financial condition, see “Risk Factors” in Part I, Item 1A, of our Annual Report on Form 10-K for the year ended December 31, 2018.

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Tuesday, April 23


News

Review the Facts about stock: Vornado Realty Trust (VNO) – Connecting Investor

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Likewise the performance for the quarter was recorded as 2.46% and for the year it was 2.75%. This stock traded rising toward its 52 week low with 14.36% and -12.33% downward from its 52 week high price. The stock price is moving up from its 20 days moving average with 0.47% and it is trading above from 50 days moving average with 0.09%. The stock price registered volatility 1.86% in past week and volatility was at 1.49% over a last month.

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Monday, April 22


Social Chatter

Vornado Realty Trust (INX:VNO) social chatter is higher than usual

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Qatari sovereign wealth fund (QIA) & Crown Acquisitions buy stakes in NYC properties from Vornado Realty including retail level at 666 Fifth Ave - Vornado to use $390m of $1.3bn cash from Crown & QIA to pay off loan on 666 Fifth bldg co-owned w/Kushner Cos https://t.co/uBL2xXagc5

Thursday, April 18


News

Vornado Realty Trust

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Vornado sells 45% stake in prime Manhattan retail portfolio valued at $5.6B. Sovereign wealth funds, pension funds and Crown Acquisitions are investors: sources. From left: Steven Roth and Haim Chera with 666 5th Avenue (Credit: Getty Images and Vornado). Just as surprisingly, Vornado also announced on Thursday that Crown Acquisitions’ Haim Chera would be leaving his family firm to join Vornado as its head of retail. The real estate investment trust transferred 45.4 percent common equity interest in the portfolio, which covers 489,000 square feet of some of the most highly trafficked retail space in the world, to a joint venture of institutional investors advised by Crown, Vornado announced Thursday afternoon.

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News

Vornado Announces Transfer of a 45.4% Common Equity Interest In Its Upper Fifth Avenue and Times Square Retail Portfolio at a Valuation of $5.556 Billion

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The transaction values the portfolio at $5.556 billion, a 4.5% cap rate. Net cash proceeds to Vornado from the transaction will be approximately $1.198 billion, after (i) deductions for the repayment of a $390 million mortgage loan on 666 Fifth Avenue and a $140 million mortgage loan on 655 Fifth Avenue, (ii) anticipated proceeds from a new $500 million mortgage loan on 640 Fifth Avenue, (iii) $26 million used to purchase minority investors’ interests and (iv) $56 million of estimated transaction costs. As a result of the transaction, Vornado will have a tax gain of approximately $735 million. The properties which are located at 640 Fifth Avenue, 655 Fifth Avenue, 666 Fifth Avenue, 689 Fifth Avenue, 697-703 Fifth Avenue, 1535 Broadway and 1540 Broadway, include approximately 489,000 square feet of retail, approximately 327,000 square feet of office, signage at 1540 Broadway and 1535 Broadway, the parking garage at 1540 Broadway and the theatre at 1535 Broadway. Vornado Realty Trust is a fully integrated equity real estate investment trust.

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Vornado Names Haim Chera Executive Vice President - Head of Retail

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NEW YORK, April 18, 2019 (GLOBE NEWSWIRE) -- Steven Roth, Chairman and Chief Executive Officer of Vornado Realty Trust (VNO), announced today the appointment of Haim Chera, age 50, as the Company’s Executive Vice President ‑ Head of Retail. Mr. Chera, a real estate industry veteran with over 22 years of experience, joins Vornado from Crown Acquisitions, his family business, where he was a principal. Mr. Roth said, “We own the premium flagship retail portfolio in Manhattan, containing 2.8 million square feet in 71 assets. Haim is hands down the very best retail real estate executive there is.

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Wednesday, April 17


News

Alexander’s Announces Vornado Realty Trust Quarterly Conference Call

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PARAMUS, N.J., April 17, 2019 (GLOBE NEWSWIRE) -- 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, April 30, 2019 at 10:00 a.m. Eastern Time (ET). On the call, information concerning Alexander’s may be discussed. A live webcast of the conference call will be available on Vornado’s website at www.vno.com and an online playback of the webcast will be available on the website following the conference call. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. For a discussion of factors that could materially affect the outcome of our forward-looking statements and our future results and financial condition, see “Risk Factors” in Part I, Item 1A, of our Annual Report on Form 10-K for the year ended December 31, 2018.

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Vornado Announces First Quarter 2019 Earnings Release Date and Conference Call Information

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NEW YORK, April 17, 2019 (GLOBE NEWSWIRE) -- VORNADO REALTY TRUST (VNO) announced today that it will file its quarterly report on Form 10-Q for the quarter ended March 31, 2019 with the U.S. Securities and Exchange Commission and issue its first quarter earnings release on Monday, April 29, 2019, after the New York Stock Exchange has closed. The conference call can be accessed by dialing 888-771-4371 (domestic) or 847-585-4405 (international) and indicating to the operator the passcode 48545290. A live webcast of the conference call will be available on Vornado’s website at www.vno.com and an online playback of the webcast will be available on the website following the conference call. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. For a discussion of factors that could materially affect the outcome of our forward-looking statements and our future results and financial condition, see “Risk Factors” in Part I, Item 1A, of our Annual Report on Form 10-K for the year ended December 31, 2018.

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Tuesday, April 16


News

Vornado Rlty Tr Sh (VNO) Stock Declined While Daiwa Securities Group INC Has Lifted Holding by $85.34 Million

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148.97 million shares or 2.43% more from 145.44 million shares in 2018Q3 were reported. Apg Asset Mgmt Nv reported 0% in Vornado Realty Trust (NYSE:VNO). Northwestern Mutual Wealth Mngmt Company invested in 0% or 1,171 shares. Gulf Interest Bancshares (Uk) holds 0.05% in Vornado Realty Trust (NYSE:VNO) or 41,773 shares. More notable recent Vornado Realty Trust (NYSE:VNO) news were published by: Globenewswire.com which released: “Vornado Increases Ownership Interest in Farley Post Office to 95% – GlobeNewswire” on October 30, 2018, also Seekingalpha.com with their article: “Vornado Realty Trust declares $0.66 dividend – Seeking Alpha” published on January 16, 2019, Seekingalpha.com published: “McDonald’s Is The Best In Show – Cramer’s Lightning Round (11/12/18) – Seeking Alpha” on November 13, 2018.

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Vornado (VNO) Reports Items to be Included in 1Q19 Results

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Vornado (VNO) Reports Items to be Included in 1Q19 Results. The items include an after-tax net gain of $130.9 million or 64 cents per share from the sale of 220 Central Park South condominium units. This will decrease the company’s first-quarter FFO by 2 cents per share. Since 2019 results will reflect a new GAAP accounting standard under which internal leasing costs can no longer be capitalized, the company has provided adjustments in 2018 “as adjusted” financial results, which capitalized internal leasing costs. Cousins Properties’ Zacks Consensus Estimate for first-quarter 2019 FFO per share remained unchanged at 20 cents, in the past month.

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