2/10/2026

speaker
Nick
Operator

Thank you for holding your conference will begin in five minutes. Thank you for your patience.

speaker
Conference System
Hold Music

Thank you. Thank you. . . . . . . Thank you. Thank you. . . . . . Thank you. 🎵 🎵

speaker
Nick
Operator

Good morning and welcome to the Vornado Realty Trust fourth quarter 2025 earnings call. My name is Nick, and I will be your operator for today's call. This call is being recorded for replay purposes. All lines are in a listen-only mode. Our speakers will address your questions at the end of the presentation during the question-and-answer session. At that time, please press star, then 1 on your touch-tone phone. I will now turn the call over to Mr. Steve Bornstein, Executive Vice President and Corporation Counsel. Please go ahead, sir.

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

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