Vornado Realty Trust - Company Profile
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Vornado Realty Trust (Vornado) is a fully integrated Real Estate Investment Trust (REIT) that specializes in owning, managing, and developing office and retail assets. It's main activities include the operation of office spaces, street retail spaces, residential units, and the provision of building maintenance services through its wholly owned subsidiary, Building Maintenance Services LLC (BMS). Its services cater to a diverse clientele, including corporate tenants, government contractors, retail businesses, and residential occupants, across various industries. The company owns and manages properties in New York City metropolitan area, Chicago, San Francisco, the US. Vornado is headquartered in New York, the US.
Headquarters
United States of America
Address
888 7th Ave, New York, 10106-0001
Website
www.vno.com
Telephone
1 212 8947000
No of Employees
2,935
Industry
Construction
Ticker Symbol & Exchange
VNO (NYSE)
Revenue (2022)
$1.8B
0.6%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
130.4%
(2022 vs 2021)
Market Cap*
$5.1B
Net Profit Margin (2022)
XYZ
130.2%
(2022 vs 2021)
* As of and is in US$
Vornado Realty Trust premium industry data and analytics
Products and Services
| Services |
|---|
| Developing and Leasing Retail Properties |
| Showroom Space Leasing |
| Hospitality Services |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In August, the company along with Blackstone, Hudson Pacific Properties and the City of New York, and New York City Economic Development Corporation entered into Manhattan’s first public-private partnership venture to build a purpose-built studio campus at Pier 94. |
| 2022 | Contracts/Agreements | In January, the company entered into a partnership with Sharebite in which, Sharebite to become the exclusive office meal solution providing group orders for Vornado buildings. |
| 2021 | Others | In November, the company completed a US$950 million refinancing of 1290 Avenue of the Americas, a 2.1 million square foot Class A Manhattan office building. |
Competitor Comparison
| Key Parameters | Vornado Realty Trust | Boston Properties Inc | Highwoods Properties Inc | JBG SMITH Properties LP | Agree Realty Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | New York | Boston | Raleigh | Bethesda | Royal Oak |
| State/Province | New York | Massachusetts | North Carolina | Maryland | Michigan |
| No. of Employees | 2,935 | 836 | 349 | 844 | 72 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Steven Roth | Chairman; Chief Executive Officer | Executive Board | 2013 | 82 |
| David R. Greenbaum | Vice Chairman | Executive Board | 2019 | - |
| Thomas Sanelli | Executive Vice President - Finance; Chief Administrative Officer | Executive Board | 2020 | - |
| Michael J. Franco | Chief Financial Officer; President | Senior Management | 2020 | 55 |
| Deirdre Maddock | Chief Accounting Officer | Senior Management | 2021 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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