Vornad Realty Trust (VNO) Going Wild in the After Hours Today

Vornado Realty Trust (VNO) has certainly turned heads in the after-hours trading market today. The trust’s stock displayed a dynamic performance, climbing to a notable $29.23 per share, an increase that translates to a substantial $1.88 gain per share.

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This adjustment signifies a remarkable 6.87% leap in the value of VNO’s stock. With a trading volume of 129.91K, this notable upturn signals a strong endorsement from the investor community and a reactive market buoyed by the trust’s latest developments.

Amidst this trading buzz, Vornado shared key updates. The trust will finalize and file its annual report for the year ended December 31, 2023, with the SEC, following up with a fourth-quarter and full-year earnings announcement post-market closure on February 12, 2024. A day later, Vornado will hold a conference call and webcast to delve into these earnings at 10:00 a.m. Eastern Time.

Further updates include the expectation set by Vornado that its Board of Trustees will confirm the regular quarterly preferred dividends on February 8, 2024. In alignment with prior announcements, Vornado plans to issue a common share dividend for 2024 in the final quarter.

For those keen to tune into the conference call, it’s a simple process of dialing the provided numbers and entering the passcode 3199730. An accompanying live webcast will be hosted on Vornado’s website under the Investor Relations section, where it will remain available for later viewing.

Earlier in January, Vornado Realty Trust appointed Cushman & Wakefield as the exclusive leasing agent for PENN 2, one of their marquee office towers in the PENN DISTRICT, which spans a vast 1.8 million square feet.

The leasing team, helmed by industry stalwarts Bruce Mosler and Josh Kuriloff, comes with an enviable portfolio, having recently managed leasing transactions encompassing over 7.7 million square feet in Midtown Manhattan’s West Side. This strategic move is aimed at amplifying the appeal and tenancy of Vornado’s distinguished PENN DISTRICT offerings.

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