NYSE:VNOOffice REITs
What Vornado Realty Trust (VNO)'s Park Avenue Plaza Deal and Buybacks Mean For Shareholders
Vornado Realty Trust recently reported first-quarter 2026 results showing revenue of US$459.11 million and a net loss of US$7.32 million, while also authorizing a new US$300 million share repurchase program, declaring quarterly preferred dividends, and agreeing to acquire a 49% interest in Park Avenue Plaza in Manhattan.
The Park Avenue Plaza acquisition at a US$1.10 billion gross asset valuation, alongside continued buybacks and portfolio repositioning, underscores Vornado’s focus on...