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Stock impact report

Vornado Completes Sale of Long Island City Office Building for $172.8 Million

Vornado Realty Trust (VNO) 
Last vornado realty trust earnings: 2/18 04:38 pm Check Earnings Report
US:NYSE Investor Relations: vno.com/investor-relations/overview
Company Research Source: GlobeNewswire
NEW YORK, July 05, 2022 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that it has completed the previously announced sale of the Center Building, an eight-story 498,000 square foot office building located at 33-00 Northern Boulevard in Long Island City, New York, for $172.8 million. The financial statement gain, which will be recognized in the second quarter, is estimated to be $15 million. The tax gain is estimated to be $74 million. Vornado Realty Trust is a fully-integrated equity real estate investment trust. CONTACT Thomas J. Sanelli(212) 894-7000 Certain statements contained herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements Show less Read more
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