Why Trump's Most Valuable Towers Would Be So Hard To Sell [Forbes]
Vornado Realty Trust (VNO)
Last vornado realty trust earnings: 2/18 04:38 pm
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Source: Forbes
Trump's stake in 1290 Avenue of the Americas, an office and retail tower in midtown Manhattan, is worth an estimated $248 million after debt. D onald Trump's cash troubles have faded , but they haven't gone away. He still in legal penalties, stemming from fraud, defamation and sexual abuse cases in New York, more than his . If an appeals court, which could hear arguments in the former president's fraud case as early as September, moves quickly and hands down a ruling adverse to Trump, he'll be back to looking for liquidity. He might not find much of it in his real estate empire, which is riddled with partnerships, and liabilities. His two most valuable towers, 1290 Avenue of the Americas and 555 California Street, exemplify the complexities. Trump doesn't control the buildings, instead holding 30% limited partnership interests. The person who really calls the shots at those properties is , the CEO of publicly traded Vornado Realty Trust, which owns the other 70%. Would Vornad
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VNO
News
- COMMERCIAL OBSERVER TO HOST HIGHLY ANTICIPATED STATE OF OFFICE FORUM AT VORNADO REALTY TRUST'S PENN 2 AS DATA SUGGESTS RECOVERY IS UNDERWAY & POINTS TO INCREASE IN DEMAND FOR TROPHY ASSETS [Yahoo! Finance]Yahoo! Finance
- Vornado Realty Trust (NYSE: VNO) had its price target lowered by analysts at Scotiabank from $24.00 to $23.00. They now have a "sector perform" rating on the stock.MarketBeat
- Vornado Realty Trust (NYSE: VNO) had its price target lowered by analysts at Piper Sandler from $25.00 to $22.00. They now have an "underweight" rating on the stock.MarketBeat
- Patriots' owner Robert Kraft sells NYC apartment for $22.5 million [Yahoo! Finance]Yahoo! Finance
- Patriots' owner Robert Kraft sells NYC apartment for $22.5 million [FOX Business Network]FOX Business Network
VNO
Earnings
- 5/6/24 - Miss
VNO
Sec Filings
- 4/9/24 - Form ARS
- 4/9/24 - Form DEFA14A
- 4/9/24 - Form DEF
- VNO's page on the SEC website