Columbia University Pays Trump Millions Of Dollars A Year [Forbes]
Vornado Realty Trust (VNO)
Last vornado realty trust earnings: 2/18 04:38 pm
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Source: Forbes
C olumbia University was among the first colleges to face the wrath of Donald Trump, whose administration canceled $400 million of funding and arrested two student protesters. Harvard, Princeton, Brown, Cornell and the University of Pennsylvania have faced similar pressures. But there's one thing that makes Columbia different from every other college in America—it pays millions of dollars in rent each year to the president of the United States. The money flows indirectly, which might help explain why so few people have taken notice. Columbia pays about $8 million a year to lease doctors' offices inside 1290 Avenue of the Americas in midtown Manhattan, according to a 2021 lending document obtained by Forbes . Vornado Realty Trust, a publicly traded real estate firm, owns 70% of that building and manages its operations. But the property's largest individual owner is Donald Trump, who holds the other 30%. Strip away the layers, and the president personally receives an estimated $2.5
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News
- Vornado Realty Trust (NYSE:VNO) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Reassessing Vornado Realty Trust After Sharp Swings In New York Office Market Expectations [Yahoo! Finance]Yahoo! Finance
- Celebrating Excellence, Innovation, and Shared Value in the Year of the Horse [Yahoo! Finance]Yahoo! Finance
- Vornado Realty Trust (NYSE:VNO) had its price target lowered by analysts at Truist Financial Corporation from $40.00 to $36.00. They now have a "hold" rating on the stock.MarketBeat
- Vornado Realty Trust (NYSE:VNO) had its price target lowered by analysts at Evercore ISI from $43.00 to $42.00. They now have an "outperform" rating on the stock.MarketBeat