Camille Bonnel's questions to VORNADO REALTY TRUST (VNO) leadership • Q2 2024
Question
Jing Xian Tan, on behalf of Camille Bonnel at Bank of America, asked if the 770 Broadway deal was in the prior quarter's pipeline, inquired about leasing activity from large office users, and asked for the latest outlook on taxable income and distributions.
Answer
Executive Glen Weiss confirmed the 770 Broadway transaction was included in the pipeline figures and noted that activity from 'bread-and-butter' tenants (10k-30k sq. ft.) is increasing. President and CFO Michael Franco stated that the outlook for taxable income and potential distributions remains uncertain and depends on transaction closings later in the year.