VNO

Vornado Realty Trust

Real Estate REIT - Office NYSE

About the company

Vornado Realty Trust, commonly known as Vornado, is a prominent real estate investment trust (REIT) with an extensive portfolio of Class A office and retail properties. With a primary focus on Manhattan, New York, Vornado’s ownership and investment interests are highly concentrated in one of the world's most prestigious real estate markets. Throughout its history, Vornado has strategically acquired and developed numerous iconic properties in Manhattan, solidifying its presence as a leading player in the city's real estate landscape. From towering skyscrapers to prime retail spaces, Vornado's diverse portfolio showcases the company's ability to identify and capitalize on lucrative opportunities in the market. Among its notable properties is the renowned 1290 Avenue of the Americas, a state-of-the-art Class A office tower located in the heart of Midtown Manhattan's business district. This towering masterpiece is a testament to Vornado's commitment to architectural excellence and creating modern workspaces that cater to the needs of today's corporate tenants. In addition to its Manhattan holdings, Vornado has expanded its presence to other key cities in the United States. Recognizing the growing demand for prime commercial spaces in vibrant metropolitan areas, the company has acquired properties in San Francisco and Chicago. By diversifying its geographic footprint, Vornado aims to tap into the inherent potential of these dynamic markets and further strengthen its position as a national real estate powerhouse. As a real estate investment trust, Vornado follows a unique business model. It is structured as a publicly traded company that allows investors to directly participate in the ownership and potential financial gains of the properties it manages. By operating as a REIT, Vornado benefits from certain tax advantages while also ensuring that a significant portion of its income is distributed to shareholders in the form of dividends. Vornado's success lies in its ability to identify promising investment opportunities, actively manage its properties, and adapt to industry trends. The company employs a team of seasoned professionals who possess deep market knowledge and expertise in property acquisition, development, leasing, and property management. This exceptional team, combined with Vornado's financial strength and strategic vision, ensures the company's competitiveness and sustained growth in the ever-evolving real estate market. While Vornado prides itself on its commercial properties, the company also recognizes the importance of sustainability and corporate responsibility. It incorporates environmentally-friendly practices and energy-efficient technologies into its buildings, aiming to reduce its carbon footprint and create healthier, more sustainable work environments. In conclusion, Vornado Realty Trust has solidified its position as a prominent real estate investment trust with a significant presence in Manhattan, as well as properties in San Francisco and Chicago. Its unwavering commitment to excellence, strategic acquisitions, and focus on sustainability have made it a trusted leader in the industry. By continuing to leverage its expertise and investment prowess, Vornado is poised to generate continued success and deliver value to its shareholders.

Website: https://www.vno.com

Data updated: June 2, 2026

Sector comparison

We compare this company with the typical (middle) company in the same industry to show how it looks against similar businesses. This is information, not a recommendation.

Real Estate · 299 peers in sector

Metric VNO Sector median Vs. industry
P/E 9.15 26.16 ↓ Below average
EPS 3.65 USD 0.38 USD ↑ Above average
Dividend yield 2.19% 4.03% ↓ Below average
Profit margin 42.89% 9.79% ↑ Above average
ROE 12.60% 3.61% ↑ Above average

Higher and lower here are only a comparison with the typical company in the industry — a higher or lower value on its own does not mean better or worse.

Financial statements & historical data

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Frequently Asked Questions

What is Vornado Realty Trust?
Vornado Realty Trust, commonly known as Vornado, is a prominent real estate investment trust (REIT) with an extensive portfolio of Class A office and retail properties. With a primary focus on Manhattan, New York, Vornado’s ownership and investment interests are highly concentrated in one of the world's most prestigious real estate markets. Throughout its history, Vornado has strategically acquired and developed numerous iconic properties in Manhattan, solidifying its presence as a leading player in the city's real estate landscape. From towering skyscrapers to prime retail spaces, Vornado's diverse portfolio showcases the company's ability to identify and capitalize on lucrative opportunities in the market. Among its notable properties is the renowned 1290 Avenue of the Americas, a state-of-the-art Class A office tower located in the heart of Midtown Manhattan's business district. This towering masterpiece is a testament to Vornado's commitment to architectural excellence and creating modern workspaces that cater to the needs of today's corporate tenants. In addition to its Manhattan holdings, Vornado has expanded its presence to other key cities in the United States. Recognizing the growing demand for prime commercial spaces in vibrant metropolitan areas, the company has acquired properties in San Francisco and Chicago. By diversifying its geographic footprint, Vornado aims to tap into the inherent potential of these dynamic markets and further strengthen its position as a national real estate powerhouse. As a real estate investment trust, Vornado follows a unique business model. It is structured as a publicly traded company that allows investors to directly participate in the ownership and potential financial gains of the properties it manages. By operating as a REIT, Vornado benefits from certain tax advantages while also ensuring that a significant portion of its income is distributed to shareholders in the form of dividends. Vornado's success lies in its ability to identify promising investment opportunities, actively manage its properties, and adapt to industry trends. The company employs a team of seasoned professionals who possess deep market knowledge and expertise in property acquisition, development, leasing, and property management. This exceptional team, combined with Vornado's financial strength and strategic vision, ensures the company's competitiveness and sustained growth in the ever-evolving real estate market. While Vornado prides itself on its commercial properties, the company also recognizes the importance of sustainability and corporate responsibility. It incorporates environmentally-friendly practices and energy-efficient technologies into its buildings, aiming to reduce its carbon footprint and create healthier, more sustainable work environments. In conclusion, Vornado Realty Trust has solidified its position as a prominent real estate investment trust with a significant presence in Manhattan, as well as properties in San Francisco and Chicago. Its unwavering commitment to excellence, strategic acquisitions, and focus on sustainability have made it a trusted leader in the industry. By continuing to leverage its expertise and investment prowess, Vornado is poised to generate continued success and deliver value to its shareholders.
Are Vornado Realty Trust shares expensive?
The price-to-earnings (P/E) ratio of Vornado Realty Trust is 9.15 — the share price is 9.15 times the annual profit per share. That is lower than the typical company in the same industry (industry median: 26.16). This is information, not a recommendation. (as of 2026-06-02)
How big is Vornado Realty Trust?
The market capitalization of Vornado Realty Trust — the combined value of all its shares — is 6.84 B USD. The higher the market cap, the larger the company. (as of 2026-06-02)
Does Vornado Realty Trust pay dividends?
The dividend yield of Vornado Realty Trust is 2.19% — it shows the annual dividend relative to the share price. This is information, not a recommendation. (as of 2026-06-02)
What sector does Vornado Realty Trust belong to?
Vornado Realty Trust operates in the Real Estate sector, industry: REIT - Office.

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