Camille Bonnel's questions to Vornado Realty Trust (VNO) leadership • Q2 2024
Question
Camille Bonnel from Bank of America asked if the 770 Broadway deal was a recent development, sought details on large-user office activity, and inquired about the outlook for taxable income and distributions.
Answer
Glen Weiss, an executive, confirmed the 770 Broadway transaction was included in the previously mentioned pipeline and noted a rise in activity from 'bread-and-butter' tenants (10k-30k sq ft). Michael Franco, President & CFO, stated that the outlook for taxable income and distributions remains uncertain and is contingent on the timing and finalization of various transactions this year.