Real Estate News

Vornado Announces Non-Cash Impairment Charges to be Included in its Fourth Quarter 2022 Financial Results

NEW YORK, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) today announced that its financial results for the quarter ended December 31, 2022 will include approximately $600 million of non-cash impairment charges, of which approximately $480 million relates to Vornado’s common equity investment in the Fifth Avenue and Times Square joint venture (“Retail JV”).

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