BuybackApr 29, 2026, 04:33 PM
VNO Board Authorizes New $300M Share Repurchase Program
AI Summary
Vornado Realty Trust announced that its Board of Trustees has authorized a new share repurchase program for up to $300 million of its outstanding common shares. This new authorization comes as the company has approximately $21 million of remaining capacity under its existing $200 million share repurchase program. Under the prior program, Vornado repurchased 6,929,439 common shares at an average price of $25.80 per share. Repurchases will be made at the company's discretion and may occur in the open market or through other permitted transactions.
Key Highlights
- Board authorized a new share repurchase program of up to $300 million.
- Approximately $21 million of capacity remains under the prior $200 million program.
- Under the prior program, 6,929,439 common shares were repurchased.
- Average repurchase price under the prior program was $25.80 per share.
- The new program does not have an expiration date and may be suspended at any time.