Vornado Realty Trust ( VNO ) Q3 2025 Earnings Call November 4, 2025 10:00 AM EST Company Participants Steven Borenstein - Executive VP, Corporation Counsel & Secretary Steven Roth - Chairman of the Board & CEO Michael Franco - President & CFO Glen Weiss - Executive VP of Office Leasing & Co-Head of Real Estate Barry Langer - Executive VP of Development & Co-Head of Real Estate Thomas Sanelli - Executive VP of Finance & Chief Administrative Officer Conference Call Participants Steve Sakwa - Evercore ISI Institutional Equities, Research Division Floris Gerbrand Van Dijkum - Ladenburg Thalmann & Co. Inc., Research Division John Kim - BMO Capital Markets Equity Research Dylan Burzinski - Green Street Advisors, LLC, Research Division Alexander Goldfarb - Piper Sandler & Co., Research Division Jana Galan - BofA Securities, Research Division Seth Bergey - Citigroup Inc., Research Division Michael Lewis - Truist Securities, Inc., Research Division Vikram Malhotra - Mizuho Securities USA LLC, Research Division Nicholas Yulico - Scotiabank Global Banking and Markets, Research Division Ronald Kamdem - Morgan Stanley, Research Division Brendan Lynch - Barclays Bank PLC, Research Division Presentation Operator Good morning, and welcome to the Vornado Realty Trust Third Quarter of 2025 Earnings Call. My name is Joe, and I will be your operator on today's call.