$VNO

Citadel’s planned skyscraper at 350 Park Avenue in NYC is moving forward despite a public feud with Mayor Zohran Mamdani. Vornado Realty Trust CEO Steven Roth said on an earnings call that the site is under demolition and Vornado will exercise its option for up to 36% ownership, with Citadel as a 1-million-square-foot anchor. The project involves over $6B in spending, according to Citadel.

Vornado Realty Trust said on its Q2 2026 earnings call it could set initial asking rents of up to $350 per square foot for 350 Park Avenue, a 1.85 million sq ft office development. Chairman Steven Roth attributed the high rent to limited new supply and construction costs. Vornado reported Q2 net income of $16.4M, FFO $144M, revenue $462.2M, and 90.8% portfolio occupancy.

Downtown San Francisco property owners including Vornado, Hines, Shorenstein Properties and BXP voted to expand the Downtown San Francisco Partnership community benefit district, raising annual revenue from $4.8 million to over $11 million to fund services and outreach. Separately, Yellowstone Real Estate Investments took over four Parkmerced parcels after a $101 million loan grew to about $200 million. Former Charles Schwab CEO David Pottruck sold a Lumina condo for a reported $18,300 profit.

A roundup of Wall Street analyst actions on Wednesday includes Stifel upgrading DigitalOcean to buy, Truist upgrading CoreWeave to buy, and multiple initiations: Philip Morris at buy, Affirm at outperform, Nebius at outperform ($250 target), Digital Turbine at buy ($15), CoreWeave at outperform ($100), and DigitalOcean at outperform ($165). Wells Fargo raised Sandisk to equal weight with a $1,620 target; JPMorgan reiterated Shopify overweight. Other calls cover Disney, Fluence Energy, Vornado, a

Fascitelli Michael D sold 133,350 shares of VORNADO REALTY TRUST (VNO) at an average of $36.62 ($36.57–$37.34, $4.88M total) across 2 trades on 2026-06-17.

WIGHT RUSSELL B JR purchased 4,000 indirectly-held shares of VORNADO REALTY TRUST (VNO) at an average of $16.94 ($15.00–$17.69) across 4 trades on 2026-06-08.

New York City billionaire Steve Roth, CEO of Vornado Realty Trust, stated that the phrase "tax the rich" is as hateful as racial slurs and should be condemned. His comments came during a company earnings call while responding to New York Mayor Zohran Mamdani's announcement of a "pied-à-terre" tax on second homes valued over $5 million, specifically referencing Ken Griffin. Roth argued that the wealthy, particularly the top 1%, are crucial to the economy and philanthropy, and should be praised rather than targeted.

Vornado Realty Trust (VNO) reported weaker-than-expected earnings but is maintaining investor optimism due to improving occupancy rates. Despite a public dispute between Ken Griffin and New York Mayor Zohran Mamdani, analysts suggest that patient investors could see rewards by 2027. The New York office real estate investment trust faces challenges but shows potential for a rebound.

Vornado Realty Trust's 2025 Sustainability Report details significant progress in environmental and ESG initiatives across its portfolios in New York, Chicago, and San Francisco. The report highlights a 42% reduction in landlord-controlled energy consumption from a 2009 baseline and a 58% reduction in Scope 1 and Scope 2 market-based emissions since 2019. Vornado achieved 100% LEED and WELL Health-Safety certifications, with several properties also earning ENERGY STAR NextGen status, demonstrating its commitment to carbon neutrality by 2030.

Morgan Stanley has lowered its price target for Vornado Realty Trust (NYSE:VNO) from $32.00 to $28.00, maintaining an "equal weight" rating. This adjustment implies a potential upside of 7.68% from the current stock price. Other analysts have also trimmed their targets, resulting in a consensus "Hold" rating and a price target of $35.55 for the company.