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Stock Market & Financial Investment News

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June 27, 2014
09:48 EDTVNOVornado reports FFO (26c) from share of Toys “R” Us’ Q1 results
Vornado Realty Trust announced its 32.6% share of Toys “R” Us’ Q1 financial results that it will record in its second quarter ending June 30. Vornado’s results will include a net loss of ($57.6M), or (29c) per diluted share, compared to a net loss of ($36.86M) or (19c) per diluted share recorded in the prior year quarter. Vornado’s share of negative Funds From Operations after income taxes for the quarter will be ($51.86M), or (26c) per diluted share, compared to negative FFO after income taxes of ($25.09M), or (13c) per diluted share in the prior year’s quarter.
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August 21, 2014
16:57 EDTVNOVornado JV sells Georgetown Park for $272.5M
Vornado Realty Trust announced that a joint venture owned equally by Vornado’s real estate fund and its joint venture partner, a real estate fund managed by Angelo, Gordon & Co., have sold Georgetown Park for $272.5M. Vornado owns 25% of Vornado Capital Partners. Georgetown Park is a prominent 305,000 square foot multi-level retail property located at M Street and Wisconsin Avenue in Georgetown. Vornado was responsible for developing and leasing the property, which was completely renovated and transformed, reconfiguring its floor plates to accommodate large format retail tenants with modern tenant demands.

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