Preferred Stock Channel
Vornado Realty Trust | 6.875% Series J Cumulative Redeemable Preferred Shares (VNO.PRJ)

This preferred is marked as having been called.
Prospectus excerpt:  We are offering to the public 7,000,000 of our 6.875% Series J Cumulative Redeemable Preferred Shares of Beneficial Interest, liquidation preference $25.00 per share, which we refer to as the ÙSeries J Preferred Sharesˆ. The underwriters named in this prospectus supplement may purchase up to 1,050,000 additional Series J Preferred Shares from us to cover over-allotments, if any.

Dividends on the Series J Preferred Shares will be cumulative from the date of original issue and payable quarterly in arrears on January 1, April 1, July 1 and October 1 of each year, commencing on July 1, 2011, at the rate of 6.875% of the liquidation preference per annum, or $1.71875 per Series J Preferred Share per annum.

Except in instances relating to preservation of our status as a real estate investment trust, the Series J Preferred Shares are not redeemable until April 20, 2016. On and after April 20, 2016, we may redeem the Series J Preferred Shares in whole at any time or in part from time to time at a redemption price of $25.00 per share, plus any accrued and unpaid dividends through the date of redemption. The Series J Preferred Shares have no maturity date and will remain outstanding indefinitely unless redeemed.

Full Prospectus PDF », Secondary Prospectus PDF », VNO Page »

Series:J
Alternate symbology:VNO-J, VNO-PJ, VNOprJ
Redeemable?:Yes
Call Date:4/20/2016 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:7,000,000
Overallotment:1,050,000
Liquidation Preference:$25.00
Original Coupon:6.88%
Pay Period:Quarterly
Pay Dates:1-Jan, 1-Apr, 1-Jul, 1-Oct
CDx3 Compliance Rating: Learn VNO.PRJ's Rating
Vornado Realty Trust is a real estate investment trust and conducts its business through, and substantially all of its interests in properties are held by, Vornado Realty L.P. (the Operating Partnership). Co. is the sole general partner of the Operating Partnership. Co. owns and operates office and retail properties with a concentration in the New York City metropolitan area. In addition, Co. has interest in Alexander's, Inc., which owns properties in the New York metropolitan area, as well as interests in other real estate and investments.

Preferreds: VNORP, VNO.PRF, VNO.PRG, VNO.PRH, VNO.PRI, VNO.PRJ, VNO.PRK, VNO.PRL, VNO.PRM, VNO.PRN, VNO.PRO


Open the VNO Information Page »
Name:  Vornado Realty Trust
Website:  www.vno.com
Sector:  REITs
Number of ETFs Holding VNO:  53 (see which ones)
Total Market Value Held by ETFs:  $967,237,869.18
Total Market Capitalization:  $5,032,000,000
% of Market Cap. Held by ETFs:  19.22%

Top Ten Highest Yielding Preferred Stocks
Feel-Good Income: Socially Responsible Preferreds
Dividend Channel's 25 S.A.F.E. Dividend Stocks
Increasing Payments For Decades

Safer than S.A.F.E: Preferreds of Dividend Channel's
S.A.F.E. Dividend Stocks

Recent Preferred Stock Offerings
Preferred Stocks of Dow Components
Preferred Stocks of S&P 500 Components
Preferred Stocks By Industry
Preferred Stocks Where Insiders Are Buying The Common
High Yield Preferred Stocks
Preferreds Trading At Premiums To Liquidation Preference
Preferreds Trading At Discounts To Liquidation Preference
The Top 10 DividendRank'ed U.S. Stocks
The Top 10 DividendRank'ed Canadian Stocks
Top 25 Broker Analyst Picks of the S&P 500
Stock market game
Quotes delayed 20 minutes

Email EnvelopeFree Email Alerts:
Get Dividend Alerts
Get SEC Filing Alerts

Vornado Realty Trust | 6.875% Series J Cumulative Redeemable Preferred Shares (VNO.PRJ) Information Page | Preferred Stock Channel | www.PreferredStockChannel.com | Copyright © 2011 - 2024, All Rights Reserved

Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.