Vornado Realty Trust (VNO)

Company Profile

vornado realty trust is a preeminent owner, manager and developer of office and retail assets. vornado’s portfolio is concentrated in the nation’s key market — new york city — along with the premier asset in both chicago and san francisco. vornado is also the real estate industry leader in sustainability policy. the company owns and manages over 27 million square feet of leed certified buildings and received the energy star partner of the year award, sustained excellence 2020. in 2012, vornado commemorated 50 years on the nyse.

Company profile

Ticker

VNO, VNO-PN, VNO-PM, VNO-PO, VNO-PL, VNORP

Exchange

NYSE

Website

vno.com

CEO

Steven Roth

Incorporated

Maryland

Location

New York

Fiscal year end

Dec 31

Sector

Real Estate and Rental and Leasing > Lessors of Nonresidential Buildings (except Miniwarehouses)

Industry (SIC)

Real Estate Investment Trusts

Annaly Capital Management • Synchrony Financial • AGNC Investment • Prologis • VEREIT • Healthpeak Properties • Vornado Realty • Boston Properties • Two Harbors Investment • SL Green Realty ...

SEC CIK

0000899689

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

VORNADO REALTY TRUST AND VORNADO REALTY L.P. • 11 East 68th Street LLC • 11 East 68th TRS LLC • 1290 Management II, LLC • 131 West 33rd Street Owner LLC • 137 West 33rd Street Owner LLC • 138-142 West 32nd EAT LLC • 144-150 West 34th Street EAT LLC • 144-150 West 34th Street Owner II LLC • 148 Spring Street, LLC ...

IRS number

221657560

VNO stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$32.69

Low target

$23.75

High target

$39.00

Latest filings (excl ownership)

View all

8-K

Vornado Announces Second Quarter 2024 Financial Results

5 Aug 24

Submission of Matters to a Vote of Security Holders

23 May 24

8-K

Entry into a Material Definitive Agreement

16 May 24

8-K

Vornado Announces First Quarter 2024 Financial Results

6 May 24

Regulation FD Disclosure

10 Apr 24

8-K

Regulation FD Disclosure

9 Apr 24

ARS

2023 FY

Annual report to shareholders

9 Apr 24

DEFA14A

Additional proxy soliciting materials

9 Apr 24

Transcripts

View all

VNO

Earnings call transcript

2024 Q2

6 Aug 24

VNO

Earnings call transcript

2024 Q1

7 May 24

VNO

Earnings call transcript

2023 Q4

13 Feb 24

VNO

Earnings call transcript

2023 Q3

31 Oct 23

VNO

Earnings call transcript

2023 Q2

1 Aug 23

VNO

Earnings call transcript

2023 Q2

1 Aug 23

VNO

Earnings call transcript

2023 Q1

2 May 23

VNO

Earnings call transcript

2022 Q4

14 Feb 23

VNO

Earnings call transcript

2022 Q3

1 Nov 22

VNO

Earnings call transcript

2022 Q2

2 Aug 22

Latest ownership filings

View all

RUSSELL B WIGHT JR

12 Jul 24

144

Notice of proposed sale of securities

Beatrice Hamza Bassey

Financial summary

Financial statements Chart VNO financial data

Quarter (USD)	Mar 24	Dec 23	Sep 23	Jun 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	1.15 bn	1.15 bn	1.15 bn	1.15 bn	1.15 bn	1.15 bn
Cash burn (monthly)	37.55 mm	(no burn)	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	244.06 mm	n/a	n/a	n/a	n/a	n/a
Cash remaining	904.86 mm	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	24.1	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2024

VNO institutional ownership history Ownership history

91.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	340	338	+0.6%
Opened positions	47	109	-56.9%
Closed positions	45	53	-15.1%
Increased positions	112	82	+36.6%
Reduced positions	121	87	+39.1%

13F shares	Current	Prev Q	Change
Total value	4.19 tn	3.98 tn	+5.2%
Total shares	174.56 mm	154.85 mm	+12.7%
Total puts	1.50 mm	1.22 mm	+23.6%
Total calls	1.27 mm	1.43 mm	-11.2%
Total put/call ratio	1.2	0.9	+39.2%

Largest owners	Shares	Value	Change
Vanguard	24.18 mm	$635.73 bn	-0.4%
BLK BlackRock	20.86 mm	$548.28 bn	-0.9%
Norges Bank	17.34 mm	$455.93 bn	NEW
BEN Franklin Resources	10.52 mm	$276.44 bn	+4.0%
BAM Brookfield Asset Management	9.36 mm	$246.01 bn	0.0%
STT State Street	8.64 mm	$227.05 bn	-1.6%
Kemnay Advisory Services	5.83 mm	$153.39 bn	0.0%
T. Rowe Price	5.62 mm	$147.65 mm	-9.4%
Interstate Properties	3.52 mm	$0.00	0.0%
Geode Capital Management	3.07 mm	$80.65 bn	+2.8%

Largest transactions	Shares	Bought/sold	Change
Norges Bank	17.34 mm	+17.34 mm	NEW
Charles Schwab Investment Management	2.65 mm	+2.65 mm	NEW
Deutsche Bank AG - Registered Shares	637.95 k	-2.50 mm	-79.7%
MS Morgan Stanley	2.21 mm	-1.24 mm	-35.9%
Centersquare Investment Management	1.16 mm	+1.16 mm	NEW
Citadel Advisors	1.39 mm	+1.03 mm	+286.5%
Castle Hook Partners	0.00	-926.96 k	EXIT
NA.R National Bank of Canada	0.00	-917.10 k	EXIT
Russell Investments	345.11 k	-907.93 k	-72.5%
Ubs Global Asset Management Americas	250.31 k	-824.58 k	-76.7%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

VNO insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
11 Jul 24	Wight Russell B JR	Common Shares	Sell	Dispose S	Yes	No	28.1935	2,000	56.39 k	3,034
9 Jul 24	Beinecke Candace K	Common Shares	Option exercise	Acquire M	Yes	No	0	1,959	0.00	34,949.069
9 Jul 24	Beinecke Candace K	Phantom Units Common Shares	Option exercise	Dispose M	No	No	0	1,959	0.00	6,586
23 May 24	Mandelbaum David	Restricted Units Common Shares	Grant	Acquire A	No	No	0	7,400	0.00	7,400
23 May 24	Puri Mandakini	Restricted Units Common Shares	Grant	Acquire A	No	No	0	7,400	0.00	7,400
23 May 24	Daniel R Tisch	Restricted Units Common Shares	Grant	Acquire A	No	No	0	7,400	0.00	7,400