Vornado closes on sale of 330 Madison Ave. stake – Vornado Realty Trust (NYSE:VNO)

0
43


Vornado Realty Trust (NYSE:VNO) has closed on the sale of its 25% interest to 330 Madison Ave., at a $900M valuation.

After deducting the $500M mortgage, net proceeds to Vornado are about $100M.

It expects a Q3 financial statement gain of $159M, and a tax gain estimated about $138M.





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here