Vornado Realty Trust (NYSE:VNO) Q1 2023 Earnings Conference Call May 2, 2023 10:00 AM ET
Company Participants
Steven Borenstein - SVP and Corporation Counsel
Steven Roth - CEO
Michael Franco - President and CFO
Glen Weiss - EVP, Office Leasing and Co-Head of Real Estate
Conference Call Participants
Steve Sakwa - Evercore
Alexander Goldfarb - Piper Sandler
Michael Griffin - Citi
John Kim - BMO Capital
Camille Bonnel - Bank of America
Daniel Ismail - Green Street
Derek Johnston - Deutsche Bank
Vikram Malhotra - Mizuho
Anthony Paolone - JPMorgan
Nick Yulico - Scotiabank
Ronald Kamdem - Morgan Stanley
Operator
Good morning, and welcome to the Vornado Realty Trust First Quarter 2023 Earnings Call. My name is Sarah and I will be your operator for today's call. This call is being recorded for replay purposes. [Operator Instructions]
I will now turn the call over to Mr. Steve Borenstein, Senior Vice President and Corporate Counsel. Please go ahead.
Steven Borenstein
Welcome to Vornado Realty Trust's first quarter earnings call. Yesterday afternoon, we issued our first quarter earnings release and filed our quarterly report on Form 10-Q with the Securities and Exchange Commission. These documents as well as our supplemental financial information packages are available on our website www.vno.com under the Investor Relations section.
In these documents and during today's call, we will discuss certain non-GAAP financial measures. Reconciliations of these measures to the most directly comparable GAAP measures are included in our earnings release, Form 10-Q, and financial supplement.
Please be aware that statements made during this call may be deemed forward-looking statements and actual results may differ materially from these statements due to a variety of risks, uncertainties, and other factors.
Please refer to our filings with the Securities and Exchange Commission, including our annual report on Form 10-K for the year ended December 31, 2022, for more information regarding these risks and uncertainties.
The call may include time-sensitive information that may be accurate only as of today's date. The company does not undertake a duty to update any forward-looking statements.
On the call today from management for our opening comments are Steven Roth, Chairman and Chief Executive Officer; and Michael Franco, President and Chief Financial Officer. Our senior team is also present and available for questions.
I will now turn the call over to Steven Roth.
Steven Roth
Thank you, Steve and good morning to everyone. Let me get a few things out of the way first. Our business is performing well in this environment. Our outlook hasn't changed since last quarter. We are full speed ahead on our current projects, total over 5 million square feet in the PENN District. Any comment in the newspapers or industry tabloids that we have stopped this incorrect and just plain silly. Just take a look at our three block long construction site when you next go through PENN Station or next go to a the playoff game.