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REIT Comments |
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01/25/2010
REITonAIM announces a new report on Vornado Realty Trust
VNO $65
Office REIT
Ranking: HOLD
Vornado Realty Trust VNO cash dividend increase of 62% for the first quarter of 2010 restores 100% cash dividends, with new cash yield of 4%
VNO dividends for 2009 were paid 40% in cash and 60% in stock
VNO FFO for the third quarter of 2009 increased 1%
VNO same property EBITDA increased for all segments except for Merchandise Mart, while occupancy declined in all segments
VNO rental rates for metropolitan DC office leases increased 14%
VNO management transition should help Vornado to navigate challenges of current commercial real estate industry conditions
VNO an Office REIT with a diverse portfolio of office and retail properties
VNO we rank 3 HOLD
VNO market cap $12.1 billion
VNO an S&P 500 Index REIT
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