Vornado to Start Quarterly Calls, Sell Some Retail Centers
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Vornado Realty Trust, owner of more than 100 million square feet (9.3 million square meters) of U.S. properties, will start holding conference calls with investors and reduce its retail-center holdings, Chairman Steven Roth said in his annual letter to investors.
The New York-based real estate investment trust will hold quarterly calls beginning with the second quarter, Roth wrote in the letter, filed today with the U.S. Securities and Exchange Commission. The change is a result of conversations with shareholders and analysts, he said.