Vornado Receives $500 Million From Redemption of Preferred Equity in 640 Fifth Avenue
Vornado Realty Trust (VNO)
Last vornado realty trust earnings: 2/18 04:38 pm
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US:NYSE Investor Relations:
vno.com/investor-relations/overview
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Source: GlobeNewswire
NEW YORK, May 28, 2019 (GLOBE NEWSWIRE) -- VORNADO REALTY TRUST (NYSE: VNO) announced today that, as contemplated in connection with the recently completed retail transaction, it received $500 million from the redemption of its preferred equity in 640 Fifth Avenue. The preferred equity was redeemed from the proceeds of a $500 million mortgage financing that was completed on the property. The five year loan, which is guaranteed by Vornado, is interest only at LIBOR plus 1.01%, which was swapped for four years to a fixed rate of 3.07%. Vornado Realty Trust is a fully-integrated equity real estate investment trust. CONTACT:JOSEPH MACNOW(212) 894-7000 Certain statements contained herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. 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 b
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- Vornado Realty Trust (NYSE: VNO) had its price target raised by analysts at Truist Financial Co. from $31.00 to $40.00. They now have a "hold" rating on the stock.MarketBeat
- Should You Retain Vornado Realty Stock in Your Portfolio Now? [Yahoo! Finance]Yahoo! Finance
VNO
Earnings
- 11/4/24 - Miss
VNO
Sec Filings
- 12/11/24 - Form 4
- 12/10/24 - Form 144
- 10/31/24 - Form SCHEDULE
- VNO's page on the SEC website