Vornado Realty Trust

Vornado Realty Trust

Vornado Realty Trust

Overview
Date Founded

1980

Headquarters

888 Seventh Avenue, New York, NY, 10019, USA

Type of Company

Public

Employees (Worldwide)

2,899

Industries

Trusts & Funds
Real Estate
Real Estate Investment Trusts

Company Description

Vornado Realty Trust (NYSE: VNO)("Vornado") is a fully-integrated real estate investment trust (REIT). Vornado is one of the largest owners and managers of commercial real estate in the United States with a portfolio of over 100 million square feet, primarily located in the New York and Washington, DC areas. Vornado's core businesses include New York Properties; Washington, DC Properties; and, Retail Properties in the northeast states, California and Puerto Rico.

Contact Data
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Executives & Employees

Chief Executive Officer

President & Chief Financial Officer

Executive Vice President-Chief Accounting Officer

Executive Vice President, Development & Co-Head of Real Estate

Executive Vice President & Head of Retail

Chief Administrative Officer & Executive Vice President-Finance

Vice Chairman

Chief Financial Officer-Emeritus

Executive Vice President, Retail

Board of Trustees

Senior Partner at Hughes Hubbard & Reed LLP

Partner at Greylock Partners

Executive Director, Co-Chairman at Digital Landscape Group, Inc.

Dean Emeritus at New York University - Leonard N. Stern School of Business

Secretary & Chief Compliance Officer at Atlas Mara Ltd.

Ownership Partner at Minnesota Vikings

Managing Director at BlackRock Financial Management, Inc.

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Owners & Shareholders
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TCI is a value-oriented, fundamental manager which takes a private equity investment approach to the public markets, investing globally in strong businesses with sustainable competitive advantages. They seek to create value by constructively engaging with management and may invest opportunistically in dislocations, corporate transformations and special situations. The firm also conducts deep fundamental research from which they construct concentrated portfolios of a limited number of investments.

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PPM uses a variety of methods of analysis in formulating investment advice and/or managing client assets. Fundamental and technical in-house research underpins the firm’s analysis of current or potential investments. The firm utilizes a team-based approach to manage the assets of the portfolio. They also implement client investment strategies primarily through designated portfolio management teams focused on particular asset classes, including fixed income, bank loans, private debt, public equity and private equity.

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NSC-Private Banking is an active, conservative manager which focuses on long-term capital preservation. They tailor their investment approach to their clients' profile, typically investing in equity and bond funds globally, with a preference for the US market.

Recent Transactions
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JBG SMITH Properties purchases JBG Cos. LLC /Certain Selected Assets from The JBG Companies LLC

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purchases JBG SMITH Properties from Vornado Realty Trust

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purchases Urban Edge Properties from Vornado Realty Trust

Transaction Advisors
Legal Advisor

Advised onVornado Realty Trust purchases Charles E. Smith Commercial Realty LP from Charles E. Smith Residential Realty, Inc.

Accountant

Advised onVornado Realty Trust purchases Vornado Office, Inc.

Auditor

Advised onVornado Realty Trust issued USD Common Stock

Legal Advisor

Advised onJBG SMITH Properties purchases JBG Cos. LLC /Certain Selected Assets from The JBG Companies LLC

Legal Advisor

Advised onJBG SMITH Properties purchases JBG Cos. LLC /Certain Selected Assets from The JBG Companies LLC

Legal Advisor

Advised onJBG SMITH Properties purchases JBG Cos. LLC /Certain Selected Assets from The JBG Companies LLC

Advisors & Consultants
Real Estate Agent

Executive Vice Chairman at Newmark & Company Real Estate, Inc.

Senior Advisor

Former Executive Vice President & Chief Financial Officer at Alexander's Inc.

Legal Advisor

Partner at Paul, Weiss, Rifkind, Wharton & Garrison LLP

Clients

Alphabet, Inc. is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube. The Other Bets segment consists of businesses such as Access, Calico, CapitalG, GV, Verily, Waymo, and X. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015 and is headquartered in Mountain View, CA.

Facebook, Inc. operates as a social networking company worldwide. The company engages in the development of social media applications for people to connect through mobile devices, personal computers, and other surfaces. It enables users to share opinions, ideas, photos, videos, and other activities online. The firm's products include Facebook, Instagram, Messenger, WhatsApp, and Oculus. The company was founded by Mark Elliot Zuckerberg, Dustin Moskovitz, Chris R. Hughes, Andrew McCollum, and Eduardo P. Saverin on February 4, 2004 and is headquartered in Menlo Park, CA.

Interpublic Group of Cos., Inc. engages in the provision of advertising and marketing services. The firm specializes in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. It operates through the following segments: Integrated Agency Network (IAN) and Constituency Management Group (CMG). The IAN segment includes advertising and media services, as well as an array of global communications and marketing services. The CMG segment offers events and public relations services as well as sports and entertainment marketing, corporate and brand identity and strategic marketing consulting. The company was founded on September 18, 1930 and is headquartered in New York, NY.

Key Stats and Financials As of 2020
Market Capitalization
$8.69B
Total Enterprise Value
$15.4B
Earnings Per Share
$-1.83
Revenue
$1.89B
Net Profit
$-297M
EBITDA
$691M
EBITDAMargin
36.5%
Total Debt
$7.8B
Total Equity
$7.55B
Enterprise Value / Sales
8.14x
Enterprise Value EBITDAOperating
21.73x
TEVNet Income
-51.87x
Debt TEV
0.51x
Three Year Compounded Annual Growth Rate Of Revenue
-3.02%
Non-Profit Donations & Grants
$25K - $50K
2019
$5,000 - $10K
2019
Political Donations
Investments
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Americold Realty Trust, Inc. is a real estate investment trust, which focuses on the ownership, operation, development and acquisition of temperature-controlled warehouses. The company operates through the following segments: Warehouse, Third-Party Managed, and Transportation. The warehouse segment collects rent and storage fees from customers to store their frozen and perishable food and other products within company's real estate portfolio. The Third-Party Managed segment manages warehouses on behalf of third parties and provides warehouse management services to food retailers and manufacturers in customer-owned facilities. The Transportation segment engages in brokering and managing transportation of frozen and perishable food and other products. The company was founded in 1931 and is headquartered in Atlanta, GA.

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Toys “R” Us, Inc. retails toys and baby products. Its products include Hello Kitty City Cruiser, Bugaboo Cameleon and Bugaboo Donkey Strollers , Buckyballs high-powered magnet sets and Hug & Tugs Puppy & Monkey. The firm offer a selection of private label merchandise under names such as Babies “R” Us, Journey Girls, Imaginarium, Fast Lane, You & Me, Just Like Home, True Heroes, Totally Me!, Dream Dazzlers and Fao Schwarz. The company was founded in 1948 by Charles Lazarus and is headquartered in Wayne, NJ.

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LNR Property LLC develops and sells commercial and multi-family residential real estate properties. It owns and manages a portfolio of real estate properties and real estate finance investments. The firm acquires portfolios and its assets which include rental apartment communities, office buildings, industrial warehouse facilities, retail centers, hotels and land. The company was founded in 1969 and is headquartered in Miami Beach, FL.

Investors
Details Hidden

Former President of United States

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Director at Office of American Innovation Under Donald Trump

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President & Head-Investor Services at Newmark Group, Inc.

Suppliers
SP Plus Corp. Other Business & Consulting Services | Chicago, IL

SP Plus Corp. provides professional parking, ground transportation, facility maintenance, security, event logistics, and baggage handling and related services to commercial, institutional, municipal and aviation clients. It also provides a wide range of event logistics services. The company was founded in 1929 and is headquartered in Chicago, IL.

Skanska AB Real Estate | Stockholm, Sweden

Skanska AB engages in the provision of construction and project development businesses. It operates through the following segments: Construction, Residential Development, and Commercial Property Development. The Construction segment includes both building construction and civil construction. The Residential Development segment develops residential projects for immediate sale. The Commercial Property Development segment initiates, develops, leases, and diverts commercial property projects. The company was founded by Rudolf Fredrik Berg in 1887 and is headquartered in Stockholm, Sweden.

Awards & Honors
Rank #833
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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