VORNADO REALTY TRUST 8K

Vornado Realty Trust reported Q2 2026 results, executed significant acquisition, disposition, refinancing and capital markets transactions, entered a major loan forbearance, and expanded its share repurchase authorization while providing detailed operating and development updates.

On August 3, 2026, Vornado Realty Trust reported its second quarter 2026 financial results, highlighting net income attributable to common shareholders of $16.4 million ($0.08 per diluted share) versus $743.8 million ($3.70 per diluted share) a year earlier due primarily to the prior-year $803.2 million gain on the 770 Broadway NYU master lease, while FFO attributable to common shareholders plus assumed conversions rose to $144.1 million ($0.74 per diluted share) and FFO, as adjusted, increased to $131.1 million ($0.67 per diluted share). The company detailed acquisitions including a 49% interest in Park Avenue Plaza at a $1.1 billion valuation and the purchase of 3 East 54th Street, dispositions such as Alexander’s Rego Park I and the sale/debt extinguishment gain on 606 Broadway, and extensive financing activity including repayment of $400 million senior unsecured notes due 2026, issuance of $500 million 5.75% senior unsecured notes due 2033, multiple property-level refinancings, upsizing and extension of revolving credit facilities and an unsecured term loan, and a forbearance agreement on the defaulted $244.5 million mortgage at 888 Seventh Avenue. Vornado also announced that its Board authorized an additional $300 million share repurchase capacity (with $286.6 million remaining as of August 3, 2026) under which it repurchased 1.79 million common shares for $53.5 million in Q2, provided detailed leasing, occupancy, NOI and same-store metrics, and updated on its active 623 Fifth Avenue office condominium development and an upcoming August 4, 2026 earnings conference call.

Filing Facts

CIK

899689

Ticker

-

Form

8K

Source Type

sec

Accession

0000899689-26-000048

Alert Tier

7