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Vornado (VNO) Q2 2026 Earnings Call Transcript
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The Motley Fool
-- 659,000 square feet signed at an average starting rent of $105 per square foot with a 7.1% cash mark-to-market.
Q2 Manhattan Office Leasing -- 348,000 square feet executed across 29 deals, achieving an average starting rent of $107 per square foot.
-- 49% interest acquired at a $1.1 billion valuation, representing $950 per square foot or approximately one-third of replacement cost.
New York Leasing Pipeline -- 2.2 million square feet of leases in negotiation or proposal stages, including a 1 million square foot Citadel anchor lease.
-- 2.2 million square feet of leases in negotiation or proposal stages, including a 1 million square foot Citadel anchor lease.