Vornado Realty Trust
VNO-PO
New York Stock Exchange14.78
USD
-0.32
- -
CIK
0000899689
ISIN
US9290427940
CUSIP
929042794
Return %
Stock
S&P500
1Y
4.97
26.53
3Y
32.44
76.60
5Y
-40.64
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Steven Roth
- Full Time Employees
- 2,996
- Sector
- Real Estate
- Industry
- REIT - Office
- Address
- 888 Seventh Avenue New York City NY United States of America 10019
- IPO Date
- Sep 15, 2021
- CIK
- 0000899689
- Website
- vno.com
- Similar Companies
- Business
- Vornado Realty Trust is a publicly traded real estate investment trust (REIT) headquartered in New York City, focused on owning, managing, and redeveloping premier office and retail properties primarily concentrated in Manhattan, with additional holdings in Chicago and San Francisco. The company’s core products and services include leasing Class A office buildings, high-street retail spaces, and mixed-use developments; key properties include the Penn District office portfolio, high-traffic retail locations such as Fifth Avenue and Times Square, and landmark buildings like THE MART in Chicago and 555 California Street in San Francisco. Vornado generates revenue through leasing to major corporations, financial services firms, technology companies, retailers, and experiential brands, emphasizing properties with significant street frontage, large floor plates, and modern amenities. Recent major developments include the acquisition of the 36-story 623 Fifth Avenue office condominium for $218 million in 2025, currently 75% vacant and planned for comprehensive repositioning and redevelopment into a premier Class A boutique office building expected to complete by 2027; the sale of 512 West 22nd Street for $205 million; completion of $120 million refinancing on 4 Union Square South; and strategic joint ventures such as the public-private partnership to develop a purpose-built studio campus at Pier 94 in Manhattan in collaboration with Hudson Pacific, Blackstone, and the City of New York. The company has also engaged in multiple refinancing transactions across its portfolio, including a $450 million refinancing of PENN 11, to support its growth and redevelopment initiatives. Founded in 1993 as a REIT with origins in Vornado Inc. from 1980, Vornado Realty Trust operates over 26 million square feet of Manhattan office and retail space, along with residential properties and garages, concentrating on high-quality assets in supply-constrained urban markets while continuously enhancing its portfolio through acquisitions, selective dispositions, and redevelopment projects. The company focuses on maximizing asset value and rental income through active management, capital investment, and leveraging its development expertise, positioning itself as a dominant landlord in New York’s most competitive real estate markets with a commitment to sustainability and energy efficiency in its properties.