Selected Reads

Smartkarma

Equity Bottom-Up

<p><em>Hawkins Entrekin, Founder and Managing Principal of Warden Capital, joins Yet Another Value Podcast today to discuss his thesis on Vornado Realty Trust (NYSE: VNO), a fully-integrated equity real estate investment trust. The conversation begins with an overview on the New York City real estate market in general and transitions to better understand, why, for Hawkins, he picked $VNO over other New York office-focused REITs. For more information about Warden Capital, please visit:</em>…</p>

Morningstar

Morningstar, Inc.

Vornado Realty Trust reported first-quarter results roughly in line with our expectations, as short-term negative impacts were outweighed by the continued strength of the company’s core portfolio. Adjusted funds from operations came in at $0.79 per share, down from $0.91 per share a year earlier. The decrease was largely attributed to an $0.08 per share impact from a noncash expense for the vesting of previously issued operating partnership units and Vornado restricted stock. Although these…

United States

Vornado Realty Trust is a fully-integrated real estate investment trust. The trust owns, manages and leases office properties in New York City, Washington, DC, and California. The Company also owns retail properties Washington, DC and Puerto Rico.

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