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Vornado Realty Completes $500 Million Senior Notes Offering

Story Highlights
  • On January 14, 2026, Vornado Realty L.P. issued $500 million of 5.750% notes due 2033 in an underwritten public offering.
  • The debt offering, backed by major underwriters and legal opinions, strengthens Vornado’s long-term financing for its real estate operations.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Vornado Realty Completes $500 Million Senior Notes Offering

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The latest update is out from Vornado Realty ( (VNO) ).

On January 14, 2026, Vornado Realty L.P., the operating partnership of Vornado Realty Trust, completed an underwritten public offering of $500 million aggregate principal amount of 5.750% notes due 2033 under an effective shelf registration statement, reinforcing its access to public debt markets and providing long-term capital for its real estate operations. The transaction, underwritten by a syndicate led by BofA Securities, PNC Capital Markets, U.S. Bancorp Investments and Wells Fargo Securities, was supported by legal opinions from Sullivan & Cromwell LLP on the validity of the notes and from Venable LLP on matters relating to Vornado Realty Trust, underscoring the formalization and legal robustness of the financing move for stakeholders.

The most recent analyst rating on (VNO) stock is a Hold with a $36.00 price target. To see the full list of analyst forecasts on Vornado Realty stock, see the VNO Stock Forecast page.

Spark’s Take on VNO Stock

According to Spark, TipRanks’ AI Analyst, VNO is a Neutral.

The score is held back primarily by negative operating/free cash flow and elevated leverage risk despite improved profitability. Earnings-call and corporate updates point to strengthening leasing and liquidity, while valuation is supportive. Technically, the stock shows weak longer-term momentum, limiting near-term confidence.

To see Spark’s full report on VNO stock, click here.

More about Vornado Realty

Vornado Realty Trust, through its operating partnership Vornado Realty L.P., is a fully integrated real estate investment trust focused on owning and operating a substantial portfolio of properties, with Vornado Realty Trust acting as sole general partner and holding approximately 91.5% of the common limited partnership interests as of September 30, 2025.

Average Trading Volume: 1,426,573

Technical Sentiment Signal: Sell

Current Market Cap: $7.15B

Find detailed analytics on VNO stock on TipRanks’ Stock Analysis page.

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