Does Plaza District Site Acquisition and Demolition Plan Change The Bull Case For Vornado Realty Trust (VNO)? [Yahoo! Finance]
Vornado Realty Trust (VNO)
Last vornado realty trust earnings: 2/18 04:38 pm
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Source: Yahoo! Finance
already held toward the purchase price, and plans to demolish the existing structures on the 18,400-square-foot site zoned for about 232,500 buildable square feet. This demolition-ready parcel sits beside Vornado's Upper Fifth Avenue and Plaza District holdings, meaning the purchase effectively consolidates a contiguous cluster of high-profile Manhattan assets and expands the company's options for future redevelopment and mixed-use planning. Next, we'll examine how acquiring a demolition-ready Plaza District site could reshape Vornado's investment narrative around Manhattan-focused redevelopment. Uncover the next big thing with financially sound penny stocks that balance risk and reward To own Vornado Realty Trust, you need to believe in the long term value of concentrated, high quality Manhattan real estate and the company's ability to recycle capital into higher potential sites. The 3 East 54th Street acquisition reinforces that thesis by assembling more Plaza District front
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News
- A Look At Vornado Realty Trust's (VNO) Valuation After Plaza District Acquisition And US$2b Refinancing [Yahoo! Finance]Yahoo! Finance
- Vornado Acquires 3 East 54th Street, a Premier Plaza District Development SiteGlobeNewswire
- Vornado Prices Public Offering of $500 Million of 7-Year BondsGlobeNewswire
- Vornado Extends Maturities of $2 Billion of Revolving Credit Facility and Term LoanGlobeNewswire
- Vornado Realty Trust (NYSE:VNO) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat