Vornado Realty Trust

Vornado Realty Trust is a fully integrated real estate investment trust (REIT) that owns and operates a 26 million square-foot portfolio of premier office, retail, and multifamily properties. The company is best known for its concentration in New York City, where it holds high-quality assets, and it is the developer of the new PENN DISTRICT. Beyond New York, Vornado also owns premier assets in Chicago and San Francisco. The company is a leader in sustainability, with 100% of its in-service office buildings LEED certified and over 95% certified LEED Gold or Platinum.

Vornado Realty Trust is listed on the New York Stock Exchange (NYSE) under the ticker symbol VNO-PL. The company trades in US Dollars (USD), reflecting its primary operations in the United States. As a REIT, it is subject to specific regulatory and tax requirements, and its stock performance is tied to the real estate market, particularly in the office and retail sectors.

Vornado Realty Trust operates in the Real Estate sector, specifically within the REIT - Office industry. As a real estate investment trust, it focuses on owning and managing income-producing office properties. The company's portfolio is heavily weighted toward office spaces in major US cities, with a strong emphasis on New York City. Additionally, it has retail and multifamily assets, but its core business is office real estate.

Vornado Realty Trust was incorporated in Maryland, USA, in 1946. While its legal incorporation is in Maryland, its primary market is New York City, where it holds a significant portfolio of office, retail, and multifamily properties. The company also has a presence in Chicago and San Francisco, owning premier assets in those cities. Its focus is on high-quality real estate in major urban markets across the United States.

Vornado Realty Trust generates revenue primarily through leasing office, retail, and multifamily properties to tenants. As a REIT, it must distribute at least 90% of its taxable income to shareholders as dividends. A notable feature of its portfolio is the development of the new PENN DISTRICT in New York City, a major mixed-use project. The company also emphasizes sustainability, with all in-service office buildings LEED certified and over 95% achieving LEED Gold or Platinum status, which can attract environmentally conscious tenants and potentially command higher rents.