secwatch.observer — SEC 8-K summary
======================================

Issuer:     VORNADO REALTY LP (—)
CIK:        0001040765
Form:       8-K
Filed at:   2026-05-04T23:59:59+00:00
Accession:  0000899689-26-000028
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vornado Q1 net loss $22.8M, FFO as adj $0.52 vs $0.63; new $300M buyback
------------------------------------------------------------------------

- Net loss $22.8M (diluted EPS -$0.12) vs net income $86.8M ($0.43) in Q1 2025; FFO as adj $0.52 vs $0.63.
- New $300M share buyback authorized; repurchased 2.7M shares at $29.08 avg in Q1.
- Agreed to buy 49% stake in Park Avenue Plaza ($1.1B valuation); Alexander's Rego Park I sale for $235.5M yields ~$44M gain.
- Financing: $500M 5.75% notes due 2033; One Park Ave refinanced at SOFR+1.78%; 888 Seventh Ave default with forbearance through Mar 2027.
- Same-store NOI: NY +6.1%, THE MART +0.3%, 555 California -21.5% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1040765/000089968926000028/0000899689-26-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/899689/000089968926000028/vno-20260504.htm
  HTML page:      https://secwatch.observer/filing/0000899689-26-000028

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer