Vornado's CEO to take 50% base salary cut for rest of 2020; base salary was 7.7% of 2019's total compensation [MarketWatch]
Vornado Realty Trust (VNO)
Last vornado realty trust earnings: 2/18 04:38 pm
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Source: MarketWatch
Vornado Realty Trust, the real estate investment trust that owns office, retail and merchandise properties, disclosed Monday that Chief Executive Steven Roth has waved 50% of his "annual base salary," effective April 1 through the end of 2020, in response to the impact on its business from the COVID-19 pandemic. To put that pay cut in context, the company said in its 2019 Proxy Statement, that was filed to the Securities and Exchange Commission on April 3, that Roth's base salary in 2019 was $880,003, and represented 7.7% of his total compensation of $11.47 million, which was down slightly from a base salary of $1,000,000 and total compensation of $11.60 million in 2018. Vornado's stock, which is down 40.0% year to date, gained 7.2% in 2019, while the SPDR Real Estate Select Sector ETF rallied 24.7% and the S&P 500 climbed 28.9%.
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VNO
News
- Vornado Realty Trust (NYSE: VNO) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
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- Vornado Realty Trust (NYSE: VNO) had its price target raised by analysts at Compass Point from $32.00 to $40.00. They now have a "neutral" rating on the stock.MarketBeat
- Vornado Realty Trust (NYSE: VNO) had its price target raised by analysts at Evercore ISI from $40.00 to $45.00. They now have an "outperform" rating on the stock.MarketBeat
- Vornado Realty Trust (VNO) Q3 2024 Earnings Call Highlights: Leasing Momentum and Strategic ... [Yahoo! Finance]Yahoo! Finance
VNO
Earnings
- 11/4/24 - Miss
VNO
Sec Filings
- 10/31/24 - Form SCHEDULE
- 10/18/24 - Form SC
- VNO's page on the SEC website