Vornado Announces Regular Quarterly Payment of $.375 Per Share | Aici


Vornado Realty Trust Company

NEW YORK, Jan. 18, 2023 (GLOBE NEWSWIRE) — Vornado Realty Trust (NYSE:VNO) announced today that its Board of Trustees has declared a quarterly dividend of $.375 per share. The reduction is in recognition of the current state of the economy and financial markets and reflects a decrease in Vornado’s taxable income for 2023, primarily due to higher interest costs.

The dividend will be paid on February 10, 2023 to common stockholders on January 30, 2023.

Vornado Realty Trust is an Equity based 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. Forward-looking statements are not guarantees of performance. They represent our goals, plans, expectations and beliefs and are subject to many assumptions, risks and uncertainties. Our future results, financial condition and business may differ materially from those expressed in these forward-looking statements. You can find many of these statements by looking for words like “estimates,” “believe,” “anticipate,” “anticipate,” “estimates,” “intend,” “plan,” “may,” “likely” or others. similar statements in this press release. We also note the following forward-looking statements: in the case of our development and redevelopment projects, the estimated completion date, project cost estimates, projected cash yield, stabilization date and cost to completion; and estimates of future capital expenditures, dividends to common and preferred stockholders and operating partnership distributions. For a discussion of factors that could have a material effect on the outcome of our forward-looking statements and our future results and financial condition, see “Risk Factors” in Part I, Item 1A, of our Annual Report on Form 10-K for the year ended. December 31, 2021. Currently, some of the factors are the continued adverse effect of the COVID-19 pandemic, rising interest rates and inflation on our business, financial condition, results of operations, cash flow, efficiency and impact these factors have and may have continue to have on our employers, the global, national, regional and local economies as well as financial markets and the real estate market in general. The extent of the impact of the COVID-19 pandemic will continue to depend on future developments, including vaccination rates among populations, the efficacy and durability of vaccines against emerging strains, and government and employer responses to that, which remain uncertain but the impact could be material. In addition, you are cautioned that the COVID-19 pandemic will increase many of the risks identified in “Item 1A. Risk Factors” in Part I of our Annual Report on Form 10-K for the year ended December 31, 2021.



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