Vornado Realty Trust Prices $500M 5.75% Senior Notes Offering
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 08 2026
0mins
Source: NASDAQ.COM
- Bond Offering Size: Vornado Realty L.P. announced the pricing of $500 million in 5.75% senior unsecured notes, priced at 99.824% of face value to yield 5.78%, indicating market sensitivity to its financing costs.
- Clear Use of Proceeds: The offering is expected to generate approximately $494 million in net proceeds, with $400 million allocated to repay maturing unsecured notes, while the remaining funds will be used for general corporate purposes, ensuring financial flexibility for the company.
- Interest Payment Arrangement: Interest on the notes will commence on August 1, 2026, paid semiannually, reflecting the company's expectations and management strategies regarding future cash flows.
- Market Reaction: Vornado Realty's stock fell 2.01% to close at $33.64 on the New York Stock Exchange, indicating market concerns over increased debt levels, which may impact investor confidence.
Get Free Real-Time Notifications for Any Stock
Monitor tickers like VNO with instant alerts to capture every critical market movement.
Sign up for free to build your custom watchlist and receive professional-grade stock notifications.
Analyst Views on VNO
Wall Street analysts forecast VNO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VNO is 38.91 USD with a low forecast of 28.00 USD and a high forecast of 46.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
2 Buy
6 Hold
3 Sell
Hold
Current: 31.200
Low
28.00
Averages
38.91
High
46.00
Current: 31.200
Low
28.00
Averages
38.91
High
46.00
About VNO
Vornado Realty Trust is a fully-integrated real estate investment trust (REIT). The Company conducts its business through, and substantially all its interests in properties are held by, Vornado Realty L.P. Its portfolio is concentrated on premier office and high street retail properties in New York City. Its segments include New York and Other. Its New York segment consisted of approximately 26.4 million square feet in 64 properties. The 26.4 million square feet comprises over 20.1 million square feet of Manhattan office in 30 of the properties, 2.4 million square feet of Manhattan street retail in 49 of the properties, 1,330 units in two residential properties, and its 32.4% interest in Alexander’s, which owns five properties in the greater New York metropolitan area. It also includes nine garages totalling over 1.6 million square feet (4,685 spaces). Its Real Estate and Investments consists of over 3.7 million square foot THE MART in Chicago.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
New York Real Estate Trusts Decline Due to Mamdani's Wealth Tax Proposal
- New Tax Initiatives: The new mayor of New York City is focused on increasing taxes for the wealthiest residents.
- Impact on Real Estate: This tax strategy is causing pressure on stocks of real estate investment trusts, particularly those operating in the New York market.
Continue Reading
Alexander's, Inc. to Release 2025 Annual Report on February 9, 2026
- Annual Report Filing: Alexander's, Inc. (NYSE: ALX) will file its annual report for the year ended December 31, 2025, on February 9, 2026, before the NYSE opens, enhancing financial transparency for stakeholders.
- Earnings Call Announcement: Vornado Realty Trust (NYSE: VNO), which manages Alexander's operations, will host a quarterly earnings conference call on February 10, 2026, at 10:00 a.m. ET, expected to discuss Alexander's operational performance, boosting investor confidence.
- Webcast Availability: The earnings call will be accessible via a live webcast on Vornado's Investor Relations website, providing investors with convenient access to information and enhancing engagement between the company and its stakeholders.
- Forward-Looking Statement Caution: The company warns that future performance may be influenced by various factors, including interest rate fluctuations and inflation, urging investors to consider potential risks in their decision-making processes.
Continue Reading