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    • Directly benefits Vornado’s outlook

      • The recent rate cut directly benefits Vornado’s outlook, as lower interest rates reduce the cost of financing new real estate projects and refinancing existing debt. This is crucial for a company like Vornado, which manages high-demand urban properties that require significant capital to maintain and develop.
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  2. Aug 15, 2024 · Pending Fed rate cuts should benefit VNO immensely as the REIT looks to address its 2025 debt maturities.

  3. May 11, 2023 · Vornado Realty Trust’s debt buffer could be squeezed to a dangerous level if interest rates keep rising, Goldman Sachs analysts said.

  4. Sep 18, 2024 · A half-point rate cut — which seems unlikely, but is not out of the question — would send a signal to the market that the Fed is serious about reversing the “lock-in” effect that makes...

  5. Jun 7, 2024 · The coupon rate, Fed funds rate, and the creditworthiness of the underlying issuer drive the level of discounting on preferred shares.

  6. Aug 8, 2024 · On Thursday, BMO Capital Markets raised its rating on Vornado Realty Trust (NYSE: VNO) stock from Market Perform to Outperform and increased the price target to $40 from the previous $29. This...

  7. Dec 28, 2022 · The key headwind for Vornado Realty is of course rising Fed fund rates against a trailing 12 months debt-to-capital ratio of 56%.

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