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Vornado Realty Trust (VNO.N)

VNO.N on New York Stock Exchange

103.62USD
7 Dec 2016
Change (% chg)

$1.85 (+1.82%)
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$101.77
Open
$102.09
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$103.66
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$101.80
Volume
357,316
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Latest Key Developments (Source: Significant Developments)

Vornado to spin off its Washington, DC business and merge it with JBG Companies
Monday, 31 Oct 2016 04:15pm EDT 

Vornado Realty Trust : Vornado Realty Trust - combined company will be named JBG SMITH properties . Vornado Realty Trust - entered into a definitive agreement to merge SpinCo with operating company and certain select assets of JBG companies . Vornado Realty- Vornado shareholders are expected to own approximately 74 pct of combined company, Jbg Limited partners are expected to own about 20 pct . Combination is expected to result in approximately $35 million of synergies . Vornado Realty Trust- Steven Roth, Vornado's chairman and chief executive officer, will be chairman of board . Vornado Realty Trust - bg management is expected to own approximately 6 pct of combined co . $8.4 billion transaction represents next step in value creation strategy . Vornado Realty Trust- new company will look outside for a CFO and intends to have that individual in place before close of transaction . Vornado Realty Trust - new company will continue to manage JBG funds' assets that are not being contributed for customary fees . Vornado Realty Trust - new company will not raise new investment funds . Vornado Realty-pro rata distribution of JBG SMITH's shares to Vornado shareholders, Vornado Realty L.P. unitholders intended as tax-free spin-off .Vornado to spin off its Washington, DC business and merge it with the JBG Companies.  Full Article

Vornado Realty says qtrly FFO as adjusted $1.23 per diluted share
Monday, 1 Aug 2016 05:36pm EDT 

Vornado Realty Trust : Qtrly funds from operations $1.21 per diluted share . Q2 FFO per share view $1.27 -- Thomson Reuters I/B/E/S .Qtrly ffo as adjusted $1.23 per diluted share.  Full Article

Vornado Realty Trust completes sale of 20 Broad Street for $200 million aggregate consideration
Tuesday, 22 Dec 2015 04:24pm EST 

Vornado Realty Trust:Sale of its leasehold interest in 20 Broad Street, a 473,000 square foot office building in Manhattan for $200 million aggregate consideration.The total income from this transaction, which will be recognized in the fourth quarter, is approximately $157 million comprised of $142 million from the gain on sale and $15 million of lease termination income.Vornado Realty Trust is a fully integrated equity real estate investment trust.  Full Article

Vornado Realty Trust enters into $750 mln unsecured term loan facility
Monday, 2 Nov 2015 08:56am EST 

Vornado Realty Trust:Enters into $750 million unsecured term loan facility.Says the facility matures in October 2018 with two one-year extension options.Vornado Realty l.p entered into an unsecured delayed-draw term loan facility in the maximum amount of $750 million.Says $750 million unsecured term loan facility is in addition to vornado's undrawn $2.5 billion revolving credit facilities.  Full Article

Vornado Realty Trust declares quarterly $0.63 dividend on common shares
Thursday, 29 Oct 2015 03:44pm EDT 

Vornado Realty Trust:Declared a regular quarterly dividend of $0.63 per share.Payable on November 23, 2015 to common shareholders of record on November 10, 2015.  Full Article

Vornado Realty Trust Upsizes Its 220 Central Park South Development Loan to $950 Million
Monday, 28 Sep 2015 05:23pm EDT 

Vornado Realty Trust:Upsized the loan on its 220 Central Park South development by $350 million to $950 million.interest rate on the loan is LIBOR + 2.00% and the final maturity date is 2020.Lender on the loan is the Bank of China.In connection with the upsizing, the standby commitment for a $500 million mezzanine loan for this development has been terminated by payment of a $15 million contractual termination fee.  Full Article

Vornado Realty Trust completes sale of 1750 Pennsylvania Avenue in Washington, DC for $182 million
Wednesday, 9 Sep 2015 06:03pm EDT 

Vornado Realty Trust:Says it has completed the previously announced sale of 1750 Pennsylvania Avenue, NW, a 278,000 square foot office building in Washington, DC. for $182 million.Says financial statement gain of approximately $102 million will be recognized in the third quarter.Says tax gain will be deferred as part of a like-kind exchange.Vornado will manage the property on behalf of the new owner.Vornado Realty Trust is a fully integrated equity real estate investment trust.  Full Article

Vornado Realty Trust to Sell 1750 Pennsylvania Avenue in Washington, DC for $182 Million
Tuesday, 25 Aug 2015 12:00am EDT 

Vornado Realty Trust:To sell 1750 Pennsylvania avenue in Washington, dc for $182 million.Says the sale price is approximately $182 million.The sale will result in a financial statement gain of approximately $102 million.  Full Article

Vornado Realty Trust acquires 260 Eleventh Avenue Manhattan office property
Monday, 3 Aug 2015 08:57am EDT 

Vornado Realty Trust:Acquires 260 eleventh avenue Manhattan office property.Says transaction is structured as a 99-year ground lease with an option to purchase the land for $110 million.Buildings were purchased for 813,900 newly issued Vornado operating partnership units valued at approximately $80 million.  Full Article

Vornado Realty Trust declares quarterly $0.63 dividend on common shares
Thursday, 30 Jul 2015 01:47pm EDT 

Vornado Realty Trust:Declared a regular quarterly dividend of $0.63 per share.payable on Aug. 21, 2015 to common shareholders of record on Aug. 11, 2015.  Full Article

BRIEF-Vornado extends $1.25 bln of its $2.5 bln revolving credit facilities

* Second revolving credit facility of $1.25 billion matures in November 2018 with two 6-month extension options