Vornado Realty Trust

At the annual meeting, shareholders confirmed all ten board nominees for one‑year terms, reappointed Deloitte & Touche as auditor and adopted an advisory vote on executive compensation. The 2026 Omni Share Plan was also approved; roughly 95% of voting shares were represented. Vornado reported a Q1 EPS miss of -$0.12 alongside better‑than‑expected revenue of $459.11 million, and a joint venture refinanced $161 million for a Manhattan property. » More on de.investing.com

A joint venture 45.1% owned by Vornado closed a $161 million refinancing loan for 61 Ninth Avenue in the Meatpacking District. The 194,000-square-foot office and retail property is fully leased to Aetna and Starbucks; the bullet loan runs through March 2029 if extension options are fully exercised. The interest rate steps: year 1 SOFR+3.00%, year 2 SOFR+3.35%, remainder SOFR+3.85%, replacing a prior $155 million loan (SOFR+2.45%, maturity Nov. 2026). » More on de.investing.com

Vornado Realty Trust reported FFO per share of $0.52 for Q1 2026, down from $0.63 a year earlier, a decline of 17.5% mainly due to releases of a provision and higher net interest expense. The company highlights a strong liquidity position of $2.6 billion and approved an additional $300 million share repurchase program. Vornado expects slight FFO growth in 2026 versus 2025 and is relying on leasing and development projects and bond repayments to achieve significant growth in 2027. » More on de.investing.com