Vornado Realty Trust
New York Stock ExchangeCapital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Steven Roth
- Full Time Employees
- 3,145
- Sector
- Real Estate
- Industry
- REIT - Office
- Address
- 888 Seventh Avenue New York City NY United States of America 10019-4499
- IPO Date
- Mar 17, 1980
- CIK
- 0000899689
- Website
- vno.com
- Similar Companies
- Business
- Vornado Realty Trust is a fully integrated real estate investment trust (REIT) primarily engaged in owning, managing, and developing office and retail properties. Its portfolio is concentrated mainly in New York City with significant assets also in Chicago and San Francisco, including approximately 20.1 million square feet of office space in Manhattan, 2.4 million square feet of street retail space, residential units, and several key development sites such as 350 Park Avenue and the Hotel Pennsylvania site. Vornado specializes in premier office buildings and Manhattan high street retail, leveraging active asset management and development to create long-term value. The company is a recognized industry leader in sustainability, owning over 26 million square feet of LEED-certified buildings and receiving the Energy Star Partner of the Year Award for Sustained Excellence in 2024. Founded in 1982 and headquartered in New York City, Vornado operates primarily through its subsidiary, Vornado Realty L.P. The company's 2025 strategic focus emphasizes capital preservation, prioritization of high-barrier markets, and selective value-add investment opportunities in industrial logistics hubs alongside its core office and retail assets. Recent operational highlights include a substantial gain related to the 770 Broadway master lease with New York University and a strategic outlook shaped by market volatility in industrial real estate and a rebound focus on premium office properties. Vornado continues to leverage its financial strength and flexible balance sheet to navigate evolving market conditions and pursue strategic growth initiatives across key urban markets.
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