United States

FFO (TTM)

FFO/share (TTM)

FFO (Quarter)

FFO/share (Quarter)

Price per share at the end of the period divided by the last reported earnings

Price/FFO

Size (ft²)

Occupancy

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 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2019.

Vornado

The main earnings metric reported by the REIT

If the REIT is managed by an internal (employees) or external (separate company) team

Period: 2022 Q3

Years since IPO: 15/15,
FFO Growth: 5/15,
FFO/share Growth: 5/20,
Dividend Growth: 5/20,
Payout Ratio: 15/15,
Debt: 0/15
            

Period: 2022 Q4

Years since IPO: 15/15,
FFO Growth: 3/15,
FFO/share Growth: 3/20,
Dividend Growth: 5/20,
Payout Ratio: 15/15,
Debt: 0/15
            

Period: 2023 Q1

Years since IPO: 15/15,
FFO Growth: 15/15,
FFO/share Growth: 20/20,
Dividend Growth: 20/20,
Payout Ratio: 15/15,
Debt: 0/15
            

Period: 2023 Q2

Years since IPO: 15/15,
FFO Growth: 15/15,
FFO/share Growth: 20/20,
Dividend Growth: 20/20,
Payout Ratio: 15/15,
Debt: 0/15
            

Period: 2023 Q3

Years since IPO: 15/15,
FFO Growth: 15/15,
FFO/share Growth: 20/20,
Dividend Growth: 20/20,
Payout Ratio: 15/15,
Debt: 0/15
            

Period: 2023 Q4

Years since IPO: 15/15,
FFO Growth: 13/15,
FFO/share Growth: 18/20,
Dividend Growth: 5/20,
Payout Ratio: 15/15,
Debt: 0/15
            

Period: 2024 Q1

Years since IPO: 15/15,
FFO Growth: 5/15,
FFO/share Growth: 5/20,
Dividend Growth: 20/20,
Payout Ratio: 15/15,
Debt: 0/15
            

Period: 2024 Q2

Years since IPO: 15/15,
FFO Growth: 5/15,
FFO/share Growth: 5/20,
Dividend Growth: 20/20,
Payout Ratio: 15/15,
Debt: 0/15
            

Period: 2024 Q3

Years since IPO: 15/15,
FFO Growth: 5/15,
FFO/share Growth: 0/20,
Dividend Growth: 20/20,
Payout Ratio: 15/15,
Debt: 0/15
            

Period: 2024 Q4

Years since IPO: 15/15,
FFO Growth: 0/15,
FFO/share Growth: 0/20,
Dividend Growth: 5/20,
Payout Ratio: 15/15,
Debt: 0/15
            

Period: 2025 Q1

Years since IPO: 15/15,
FFO Growth: 5/15,
FFO/share Growth: 5/20,
Dividend Growth: 5/20,
Payout Ratio: 15/15,
Debt: 0/15
            

Period: 2025 Q2

Years since IPO: 15/15,
FFO Growth: 5/15,
FFO/share Growth: 5/20,
Dividend Growth: 5/20,
Payout Ratio: 15/15,
Debt: 5/15
            

The significance of a company's longevity in the market

Years since IPO

Evaluation of recent trends and improvements in the company's FFO

FFO Growth

Assessment of recent increases in FFO per share, indicating profitability

FFO/share Growth

Analysis of the recent Dividend track record

Dividend Growth

Payout level to determine if the dividend is safe

Payout Ratio

Examination of debt levels using Debt/Assets and Debt/EBITDA to ensure manageable leverage

Debt

NEW YORK, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its 55% owned joint venture has completed the previously announced sale of 512 West 22nd Street, a 173,000 square foot Class A office building, for $205 million.

Vornado JV Completes Sale of 512 West 22nd Street for $205 Million

NEW YORK, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that it has completed a $120 million refinancing of 4 Union Square South, a 204,000 square foot Manhattan retail property. The ten-year interest only loan has a fixed rate of 5.64%.

Vornado Completes $120 Million Refinancing of 4 Union Square South

Vornado (VNO) Q2 Net Income Jumps 1,955%

NEW YORK, Aug. 04, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) reported today: Quarter Ended June 30, 2025 Financial Results NET INCOME attributable to common shareholders for the quarter ended June 30, 2025 was $743,819,000, or $3.70 per diluted share, compared to $35,260,000, or $0.18 per diluted share, for the prior year's quarter. The increase is primarily due to the $803,248,000 gain related to the 770 Broadway master lease with New York University ("NYU").

Vornado Announces Second Quarter 2025 Financial Results

NEW YORK, July 31, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its Board of Trustees has declared the following quarterly preferred dividends:

Vornado Declares Quarterly Dividends On Preferred Shares

Telecommunications giant to relocate its New York headquarters to PENN 2 Telecommunications giant to relocate its New York headquarters to PENN 2

Vornado Realty Trust Leases 203,000 SF to Verizon for New York Headquarters in THE PENN DISTRICT

NEW YORK, July 22, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that it will file its quarterly report on Form 10-Q for the quarter ended June 30, 2025 with the U.S. Securities and Exchange Commission and issue its second quarter earnings release on Monday, August 4, 2025, after the New York Stock Exchange has closed. The Company will host a quarterly earnings conference call and an audio webcast on Tuesday, August 5, 2025 at 10:00 a.m. Eastern Time (ET).

Vornado Announces Second Quarter Earnings Release Date and Conference Call Information

NEW YORK, July 16, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that it has completed a $450 million refinancing of PENN 11, a 1.2 million square foot Manhattan office building located in THE PENN DISTRICT. The five-year interest only loan matures in August 2030 and has a fixed rate of 6.35%.

Vornado Completes $450 Million Refinancing of PENN 11

Shares of several New York-based banks and real estate investment trusts fell on Wednesday as Zohran Mamdani's lead in New York City's Democratic mayoral primary stoked concerns that his proposed rent freeze could pressure building owners.

New York banks, REITs fall as Mamdani's mayoral lead stokes rent freeze worries

Zohran Mamdani, who is now the likely favorite to win the general election in November, promised to freeze rent increases in stabilized units during his campaign. The New York City mayor has the power to appoint representatives to the regulatory board that oversees rent-controlled apartments.

Primary win by pro-rent freeze Mamdani knocks shares of Flagstar bank on NYC market exposure

NEW YORK, AUG. 14, 2025 (GLOBE NEWSWIRE) -- VORNADO REALTY TRUST (NYSE:VNO) ANNOUNCED TODAY THAT ITS 55% OWNED JOINT VENTURE HAS COMPLETED THE PREVIOUSLY ANNOUNCED SALE OF 512 WEST 22ND STREET, A 173,000 SQUARE FOOT CLASS A OFFICE BUILDING, FOR $205 MILLION.

VORNADO JV COMPLETES SALE OF 512 WEST 22ND STREET FOR $205 MILLION

NEW YORK, AUG. 12, 2025 (GLOBE NEWSWIRE) -- VORNADO REALTY TRUST (NYSE:VNO) ANNOUNCED TODAY THAT IT HAS COMPLETED A $120 MILLION REFINANCING OF 4 UNION SQUARE SOUTH, A 204,000 SQUARE FOOT MANHATTAN RETAIL PROPERTY. THE TEN-YEAR INTEREST ONLY LOAN HAS A FIXED RATE OF 5.64%.

VORNADO COMPLETES $120 MILLION REFINANCING OF 4 UNION SQUARE SOUTH

NEW YORK, AUG. 04, 2025 (GLOBE NEWSWIRE) -- VORNADO REALTY TRUST (NYSE: VNO) REPORTED TODAY: QUARTER ENDED JUNE 30, 2025 FINANCIAL RESULTS NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS FOR THE QUARTER ENDED JUNE 30, 2025 WAS $743,819,000, OR $3.70 PER DILUTED SHARE, COMPARED TO $35,260,000, OR $0.18 PER DILUTED SHARE, FOR THE PRIOR YEAR'S QUARTER. THE INCREASE IS PRIMARILY DUE TO THE $803,248,000 GAIN RELATED TO THE 770 BROADWAY MASTER LEASE WITH NEW YORK UNIVERSITY ("NYU").

VORNADO ANNOUNCES SECOND QUARTER 2025 FINANCIAL RESULTS

NEW YORK, JULY 31, 2025 (GLOBE NEWSWIRE) -- VORNADO REALTY TRUST (NYSE:VNO) ANNOUNCED TODAY THAT ITS BOARD OF TRUSTEES HAS DECLARED THE FOLLOWING QUARTERLY PREFERRED DIVIDENDS:

VORNADO DECLARES QUARTERLY DIVIDENDS ON PREFERRED SHARES

TELECOMMUNICATIONS GIANT TO RELOCATE ITS NEW YORK HEADQUARTERS TO PENN 2 TELECOMMUNICATIONS GIANT TO RELOCATE ITS NEW YORK HEADQUARTERS TO PENN 2

VORNADO REALTY TRUST LEASES 203,000 SF TO VERIZON FOR NEW YORK HEADQUARTERS IN THE PENN DISTRICT

NEW YORK, JULY 22, 2025 (GLOBE NEWSWIRE) -- VORNADO REALTY TRUST (NYSE:VNO) ANNOUNCED TODAY THAT IT WILL FILE ITS QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTER ENDED JUNE30, 2025 WITH THE U.S.SECURITIES AND EXCHANGE COMMISSION AND ISSUE ITS SECOND QUARTER EARNINGS RELEASE ON MONDAY, AUGUST4, 2025, AFTER THE NEWYORK STOCK EXCHANGE HAS CLOSED. THE COMPANY WILL HOST A QUARTERLY EARNINGS CONFERENCE CALL AND AN AUDIO WEBCAST ON TUESDAY, AUGUST5, 2025 AT 10:00A.M. EASTERN TIME (ET).

VORNADO ANNOUNCES SECOND QUARTER EARNINGS RELEASE DATE AND CONFERENCE CALL INFORMATION

NEW YORK, JULY 16, 2025 (GLOBE NEWSWIRE) -- VORNADO REALTY TRUST (NYSE:VNO) ANNOUNCED TODAY THAT IT HAS COMPLETED A $450 MILLION REFINANCING OF PENN 11, A 1.2 MILLION SQUARE FOOT MANHATTAN OFFICE BUILDING LOCATED IN THE PENN DISTRICT. THE FIVE-YEAR INTEREST ONLY LOAN MATURES IN AUGUST 2030 AND HAS A FIXED RATE OF 6.35%.

VORNADO COMPLETES $450 MILLION REFINANCING OF PENN 11

NEW YORK , JUNE 10, 2025 /PRNEWSWIRE/ -- NEWMARK GROUP, INC.(NASDAQ: NMRK) ("NEWMARK" OR "THE COMPANY"), A LEADING COMMERCIAL REAL ESTATE ADVISOR AND SERVICE PROVIDER TO LARGE INSTITUTIONAL INVESTORS, GLOBAL CORPORATIONS, AND OTHER OWNERS AND OCCUPIERS, ANNOUNCES IT HAS ARRANGED A $675 MILLION LOAN ON BEHALF OF VORNADO REALTY TRUST AND STELLAR MANAGEMENTFOR THE REFINANCING OF INDEPENDENCE PLAZA, A 1,328-UNIT MULTIFAMILY PROPERTY LOCATED IN THE TRIBECA NEIGHBORHOOD OF MANHATTAN. NEWMARK CO-PRESIDENT OF GLOBAL DEBT & STRUCTURED FINANCE JORDAN ROESCHLAUB AND VICE CHAIRMAN NICK SCRIBANI SECURED THE FINANCING FROM DEUTSCHE BANK, WELLS FARGO, BANK OF AMERICA AND MORGAN STANLEY.

NEWMARK ARRANGES $675 MILLION REFINANCING FOR INDEPENDENCE PLAZA IN MANHATTAN

NEW YORK, JUNE 05, 2025 (GLOBE NEWSWIRE) -- VORNADO REALTY TRUST (NYSE:VNO) ANNOUNCED TODAY THAT ITS 50.1% OWNED JOINT VENTURE HAS COMPLETED A $675 MILLION REFINANCING OF INDEPENDENCE PLAZA, A 1,328 UNIT RESIDENTIAL COMPLEX IN THE TRIBECA SUBMARKET OF MANHATTAN. THE FIVE-YEAR INTEREST ONLY LOAN MATURES IN JUNE 2030 AND HAS A FIXED RATE OF 5.84%. THIS LOAN REPLACES THE PRIOR $675 MILLION LOAN THAT BORE INTEREST AT 4.25% AND WAS SCHEDULED TO MATURE IN JULY 2025.

VORNADO COMPLETES REFINANCING OF INDEPENDENCE PLAZA

NEW YORK, MAY 14, 2025 (GLOBE NEWSWIRE) -- VORNADO REALTY TRUST (NYSE:VNO) ANNOUNCED TODAY THAT ITS 55% OWNED JOINT VENTURE HAS ENTERED INTO AN AGREEMENT TO SELL 512 WEST 22ND STREET, A 173,000 SQUARE FOOT CLASS A OFFICE BUILDING, FOR $205 MILLION. THE SALE IS EXPECTED TO CLOSE IN THE THIRD QUARTER OF 2025 AND IS SUBJECT TO CUSTOMARY CLOSING CONDITIONS.

VORNADO JV TO SELL 512 WEST 22ND STREET FOR $205 MILLION

NEW YORK, MAY 05, 2025 (GLOBE NEWSWIRE) -- VORNADO REALTY TRUST (NYSE: VNO) REPORTED TODAY: QUARTER ENDED MARCH 31, 2025 FINANCIAL RESULTS NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS FOR THE QUARTER ENDED MARCH 31, 2025 WAS $86,842,000, OR $0.43 PER DILUTED SHARE, COMPARED TO A NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS OF $9,034,000, OR $0.05 PER DILUTED SHARE, FOR THE PRIOR YEAR'S QUARTER. THE INCREASE IS PRIMARILY DUE TO THE $76,162,000 NET GAIN RECOGNIZED UPON THE DISPOSITION OF A PORTION OF THE 666 FIFTH CONDOMINIUM TO UNIQLO, AND THE $17,240,000 REVERSAL OF PENN 1 RENT EXPENSE PREVIOUSLY ACCRUED FOLLOWING THE APRIL 2025 RENT RESET DETERMINATION.

VORNADO ANNOUNCES FIRST QUARTER 2025 FINANCIAL RESULTS

NEW YORK, MAY 05, 2025 (GLOBE NEWSWIRE) -- VORNADO REALTY TRUST (NYSE:VNO) ANNOUNCED TODAY THAT IT HAS COMPLETED A MASTER LEASE WITH NEW YORK UNIVERSITY (NYU) TO LEASE 1,076,000 SQUARE FEET AT 770 BROADWAY, ON AN AS IS, TRIPLE NET BASIS FOR A 70-YEAR LEASE TERM. UNDER THE TERMS OF THE MASTER LEASE, A RENTAL AGREEMENT UNDER SECTION 467 OF THE INTERNAL REVENUE CODE, NYU MADE A PREPAID LEASE PAYMENT TO VORNADO OF $935 MILLION AND WILL ALSO MAKE ANNUAL LEASE PAYMENTS TO VORNADO OF APPROXIMATELY $9.3 MILLION DURING THE LEASE TERM. NYU HAS AN OPTION TO PURCHASE THE LEASED PREMISES IN BOTH 2055 AND AT THE END OF THE LEASE TERM IN 2095. NYU WILL ASSUME THE EXISTING OFFICE LEASES AND RELATED TENANT INCOME AT THE PROPERTY.

Vornado

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