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Vornado Realty L.P. engages in the ownership and operation of office, retail, and showroom properties in the United States. As of December 31, 2007, it owned 28 office properties in the New York City metropolitan area, and 83 office properties in the Washington, DC and Northern Virginia areas; 177 retail properties; 9 merchandise mart properties; and 90 cold storage warehouses, as well as 588 toy stores and 259 Babies ‘R’ Us stores in the United States, and 505 toy stores internationally. The company also has investments in 7 properties in the greater New York metropolitan area; the Hotel Pennsylvania in New York City; 6 dry warehouse/industrial properties in New Jersey covering approximately 1.2 million square feet; and marketable securities, as well as in other public companies that own and manage office, industrial, and retail properties leased to corporations, and student and military housing properties. Vornado Realty Trust operates as general partner of the company. The company is based in New York, New York. Vornado Realty LP operates as a subsidiary of Vornado Realty Trust.
TypePublic
HQNew York, US
Websitevno.com
Employee Ratings3.8

Latest Updates

Employees (est.) (Dec 2017)3,989(-5%)
Job Openings2
Revenue (FY, 2018)$2.2 B(+4%)
Share Price (Mar 2019)$67.3 (-1%)

Key People/Management at Vornado Realty Trust

Steven Roth

Steven Roth

Chairman of the Board and Chief Executive Officer
David R. Greenbaum

David R. Greenbaum

President, New York Division
Michael J. Franco

Michael J. Franco

Executive Vice President Chief Investment Officer
Joseph Macnow

Joseph Macnow

Executive Vice President Chief Financial Officer Chief Administrative Officer
Glen J. Weiss

Glen J. Weiss

Office Leasing
Barry S. Langer

Barry S. Langer

Development
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Vornado Realty Trust Office Locations

Vornado Realty Trust has offices in New York, Paramus, Chicago and Arlington
New York, US (HQ)
888 7th Ave
Arlington, US
2345 Crystal Dr #1100
Chicago, US
222 W Merchandise Mart Plaza #1000
Paramus, US
210 NJ-4, Paramus, NJ 07652, USA
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Vornado Realty Trust Financials and Metrics

Vornado Realty Trust Revenue

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Vornado Realty Trust's revenue was reported to be $2.16 b in FY, 2018 which is a 3.8% increase from the previous period.
USD

Revenue (FY, 2018)

2.2b

Revenue growth (FY, 2017 - FY, 2018), %

3.8%

Gross profit (FY, 2018)

1.2b

Gross profit margin (FY, 2018), %

55.5%

Net income (FY, 2018)

422.6m

EBIT (FY, 2018)

583.0m

Market capitalization (15-Mar-2019)

12.8b

Closing stock price (15-Mar-2019)

67.3

Cash (31-Dec-2018)

570.9m

EV

22.5b
Vornado Realty Trust's current market capitalization is $12.8 b.
Annual
USDFY, 2016FY, 2017FY, 2018

Revenue

2.0b2.1b2.2b

Revenue growth, %

4%4%

Cost of goods sold

844.6m886.6m963.5m

Gross profit

1.2b1.2b1.2b
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

613.0m621.7m502.8m508.1m511.1m528.8m536.4m541.8m542.0m

Cost of goods sold

256.3m245.1m213.8m220.7m215.7m225.2m237.6m236.0m235.6m

Gross profit

356.7m376.6m289.0m287.4m295.4m303.5m298.8m305.8m306.5m

Gross profit Margin, %

58%61%57%57%58%57%56%56%57%
Annual
USDFY, 2016FY, 2017FY, 2018

Cash

1.5b1.8b570.9m

Accounts Receivable

946.2m985.4m1.0b

PP&E

11.6b11.9b13.1b

Total Assets

20.8b17.4b17.2b
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2017Q3, 2017

Cash

1.7b1.6b1.4b1.5b1.5b1.3b1.3b1.1b772.5m

Accounts Receivable

1.1b1.1b1.1b1.1b1.1b972.6m998.9m1.0b1.0b

PP&E

14.6b14.7b14.8b14.9b14.9b11.8b12.0b12.0b12.0b

Total Assets

20.9b21.1b20.9b20.7b20.9b16.8b16.9b16.9b16.7b
Annual
USDFY, 2016FY, 2017FY, 2018

Net Income

422.6m264.1m981.9m

Depreciation and Amortization

472.8m529.8m595.3m

Accounts Payable

5.9m3.8m13.3m

Cash From Operating Activities

802.6m860.1m995.1m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

(91.6m)176.8m277.4m73.8m221.3m210.6m282.0k105.6m324.8m

Depreciation and Amortization

150.6m299.5m446.0m145.9m289.9m407.5m115.3m233.7m353.8m

Accounts Payable

12.8m6.6m4.8m(670.0k)(6.0m)27.6m19.8m(11.0m)(3.8m)

Cash From Operating Activities

271.5m318.8m572.4m301.3m316.2m661.6m265.4m241.3m488.0m
USDY, 2018

EV/EBIT

38.7 x

EV/CFO

22.6 x

Debt/Equity

2 x

Debt/Assets

0.6 x

Financial Leverage

3.4 x
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Vornado Realty Trust Revenue Breakdown

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Vornado Realty Trust revenue breakdown by business segment: 7.2% from Fee and Other Income, 11.4% from Tenant Expense Reimbursements and 81.4% from Property Rentals

Vornado Realty Trust revenue breakdown by geographic segment: 15.1% from Other and 84.9% from New York

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Vornado Realty Trust Frequently Asked Questions

  • Who are Vornado Realty Trust key executives?

    Vornado Realty Trust's key executives are Steven Roth, David R. Greenbaum and Michael J. Franco.

  • How many employees does Vornado Realty Trust have?

    Vornado Realty Trust has 3,989 employees.

  • What is Vornado Realty Trust revenue?

    Latest Vornado Realty Trust annual revenue is $2.2 b.

  • What is Vornado Realty Trust revenue per employee?

    Latest Vornado Realty Trust revenue per employee is $542.4 k.

  • Who are Vornado Realty Trust competitors?

    Competitors of Vornado Realty Trust include Host Hotels & Resorts, TAG Immobilien and My Home Group Real Estate.

  • Where is Vornado Realty Trust headquarters?

    Vornado Realty Trust headquarters is located at 888 7th Ave, New York.

  • Where are Vornado Realty Trust offices?

    Vornado Realty Trust has offices in New York, Paramus, Chicago and Arlington.

  • How many offices does Vornado Realty Trust have?

    Vornado Realty Trust has 4 offices.