Vornado Realty Trust (VNO)

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 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$14.00

Low target

$10.00

High target

$22.00

Latest filings (excl ownership)

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S-8 POS

Registration of securities for employees (post-effective amendment)

2 Jun 23

S-8

Registration of securities for employees

2 Jun 23

8-K

Submission of Matters to a Vote of Security Holders

19 May 23

8-K

Vornado Announces First Quarter 2023 Financial Results

1 May 23

Regulation FD Disclosure

10 Apr 23

8-K

Regulation FD Disclosure

7 Apr 23

ARS

2022 FY

Annual report to shareholders

7 Apr 23

DEFA14A

Additional proxy soliciting materials

7 Apr 23

DEF 14A

Definitive proxy

7 Apr 23

Transcripts

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VNO

Earnings call transcript

2023 Q1

2 May 23

VNO

Earnings call transcript

2022 Q3

1 Nov 22

VNO

Earnings call transcript

2022 Q2

2 Aug 22

VNO

Earnings call transcript

2022 Q1

3 May 22

VNO

Earnings call transcript

2021 Q4

15 Feb 22

VNO

Earnings call transcript

2021 Q3

2 Nov 21

VNO

Earnings call transcript

2021 Q2

3 Aug 21

VNO

Earnings call transcript

2021 Q1

5 May 21

VNO

Earnings call transcript

2020 Q4

17 Feb 21

VNO

Earnings call transcript

2020 Q3

4 Nov 20

Latest ownership filings

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Beatrice Hamza Bassey

Financial summary

Financial statements Chart VNO financial data

Quarter (USD)	Dec 22	Sep 22	Jun 22	Mar 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
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)	1.02 bn	1.02 bn	1.02 bn	1.02 bn	1.02 bn	1.02 bn
Cash burn (monthly)	(no burn)	75.77 mm	172.68 mm	30.08 mm	(no burn)	(no burn)
Cash used (since last report)	n/a	404.89 mm	922.76 mm	160.74 mm	n/a	n/a
Cash remaining	n/a	616.27 mm	98.39 mm	860.42 mm	n/a	n/a
Runway (months of cash)	n/a	8.1	0.6	28.6	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q1 2023

VNO institutional ownership history Ownership history

74.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	307	356	-13.8%
Opened positions	43	75	-42.7%
Closed positions	92	67	+37.3%
Increased positions	130	134	-3.0%
Reduced positions	93	108	-13.9%

13F shares	Current	Prev Q	Change
Total value	2.19 tn	3.62 tn	-39.6%
Total shares	142.89 mm	174.28 mm	-18.0%
Total puts	2.68 mm	1.17 mm	+128.1%
Total calls	1.19 mm	1.02 mm	+16.7%
Total put/call ratio	2.2	1.1	+95.4%

Largest owners	Shares	Value	Change
Vanguard	24.91 mm	$382.88 bn	-9.8%
BLK Blackrock	20.45 mm	$314.29 bn	+30.0%
Putnam Investments	9.82 mm	$150.88 bn	+0.6%
STT State Street	9.71 mm	$149.31 bn	-28.9%
BN Brookfield	9.36 mm	$143.82 bn	0.0%
T. Rowe Price	4.46 mm	$68.49 bn	-7.2%
BEN Franklin Resources	3.10 mm	$47.69 bn	+53.2%
Geode Capital Management	2.72 mm	$41.81 bn	-27.2%
Dimensional Fund Advisors	2.36 mm	$36.22 bn	+0.4%
LGEN Legal & General	2.26 mm	$34.72 bn	+5.6%

Largest transactions	Shares	Bought/sold	Change
Norges Bank	0.00	-18.08 mm	EXIT
IVZ Invesco	1.28 mm	-9.41 mm	-88.1%
BLK Blackrock	20.45 mm	+4.72 mm	+30.0%
STT State Street	9.71 mm	-3.95 mm	-28.9%
Vanguard	24.91 mm	-2.72 mm	-9.8%
Citadel Advisors	729.44 k	-1.97 mm	-73.0%
BMO Bank of Montreal	0.00	-1.45 mm	EXIT
National Bank of Canada	0.00	-1.35 mm	EXIT
Balyasny Asset Management	1.14 mm	+1.14 mm	NEW
BEN Franklin Resources	3.10 mm	+1.08 mm	+53.2%

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
26 May 23	Wight Russell B JR	Preferred Shares Series M	Buy	Acquire P	Yes	No	11.2	1,000	11.20 k	9,673
26 May 23	Wight Russell B JR	Preferred Shares Series M	Buy	Acquire P	Yes	No	11.2	1,000	11.20 k	9,668
25 May 23	Wight Russell B JR	Preferred Shares Series N	Buy	Acquire P	Yes	No	11.4	1,000	11.40 k	12,000
25 May 23	Wight Russell B JR	Preferred Shares Series N	Buy	Acquire P	Yes	No	11.4	1,000	11.40 k	10,000
25 May 23	Wight Russell B JR	Preferred Shares Series M	Buy	Acquire P	Yes	No	11.2397	1,673	18.80 k	8,673
25 May 23	Wight Russell B JR	Preferred Shares Series M	Buy	Acquire P	Yes	No	11.2399	1,668	18.75 k	8,668
23 May 23	Wight Russell B JR	Preferred Shares Series M	Buy	Acquire P	Yes	No	11.51	1,000	11.51 k	7,000
23 May 23	Wight Russell B JR	Preferred Shares Series M	Buy	Acquire P	Yes	No	11.52	1,000	11.52 k	7,000
18 May 23	Mandelbaum David	Restricted Units Common Shares	Grant	Acquire A	No	No	0	13,436	0.00	13,436
18 May 23	Beinecke Candace K	Common Shares	Option exercise	Acquire M	No	No	0	9,095	0.00	32,199.39