Last $110.04 USD
Change Today +0.66 / 0.60%
Volume 837.5K
VNO On Other Exchanges
Symbol
Exchange
New York
Munich
As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

vornado realty trust (VNO) Snapshot

Open
$109.57
Previous Close
$109.38
Day High
$110.56
Day Low
$108.91
52 Week High
01/16/15 - $115.73
52 Week Low
10/30/14 - $84.31
Market Cap
20.7B
Average Volume 10 Days
767.0K
EPS TTM
$1.45
Shares Outstanding
187.9M
EX-Date
01/29/15
P/E TM
76.0x
Dividend
$2.52
Dividend Yield
2.56%
Current Stock Chart for VORNADO REALTY TRUST (VNO)

vornado realty trust (VNO) Details

Vornado Realty Trust is a publicly owned real estate investment trust. The firm invests in the real estate markets of the United States. It makes investments in commercial real estate properties to create its portfolio. The firm was formerly known as Vornado Inc. Vornado Realty Trust is based in New York City with additional offices in Arlington, Virginia; and Paramus, New Jersey.

4,503 Employees
Last Reported Date: 02/17/15

vornado realty trust (VNO) Top Compensated Officers

Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: $1.0M
Chief Financial Officer and Principal Account...
Total Annual Compensation: $898.0K
President of Vornado/Charles E. Smith LP - Wa...
Total Annual Compensation: $1.8M
President of New York Division
Total Annual Compensation: $1.8M
Executive Vice President and Co-Head of Acqui...
Total Annual Compensation: $1.5M
Compensation as of Fiscal Year 2013.

vornado realty trust (VNO) Key Developments

Vornado Seeks Acquisitions

Steven Roth, Chairman & Chief Executive Officer of Vornado Realty Trust (NYSE:VNO) said, "The point of my comment is this. this is a time to be very careful with the euphoria of the marketplace and making acquisitions at very, very high pricing. It's time to be very rigorous from the acquisition side." Steven Roth further said, "And as I said before, we are getting very cautious on high-priced acquisitions, whether it be retail or office or whatever".

Vornado Realty Trust Reports Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Vornado Realty Trust reported earnings results for the fourth quarter and year ended December 31, 2014. Net income attributable to common shareholders for the quarter ended December 31, 2014 was $513.2 million, or $2.72 per diluted share, compared to net loss of $68.9 million, or $0.37 per diluted share for the quarter ended December 31, 2013. Net income for the quarter ended December 31, 2014 and net loss for the quarter ended December 31, 2013 include $460.2 million and $127.5 million, respectively, of net gains on sale of real estate, and $5.7 million and $32.9 million, respectively, of real estate impairment losses. Net income attributable to common shareholders for the quarters ended December 31, 2014 and 2013 was $113.0 million and $98.2 million, or $0.60 and $0.52 per diluted share, respectively. Funds from operations attributable to common shareholders plus assumed conversions for the quarter ended December 31, 2014 was a positive $230.1 million, or $1.22 per diluted share, compared to a negative $6.8 million, or $0.04 per diluted share for the prior year’s quarter. Adjusting FFO for the quarters ended December 31, 2014 and 2013 was $256.1 million and $234.8 million, or $1.36 and $1.25 per diluted share, respectively. Net income attributable to common shareholders for the year ended December 31, 2014 was $783.4 million, or $4.15 per diluted share, compared to $392.0 million, or $2.09 per diluted share for the year ended December 31, 2013. Net income for the years ended December 31, 2014 and 2013 includes $518.8 million and $412.1 million, respectively, of net gains on sale of real estate, and $26.5 million and $43.7 million, respectively, of real estate impairment losses. Net income attributable to common shareholders for the years ended December 31, 2014 and 2013 was $411.8 million and $365.4 million, or $2.18 and $1.95 per diluted share, respectively. FFO for the year ended December 31, 2014 was $911.1 million, or $4.83 per diluted share, compared to $641.0 million, or $3.41 per diluted share for the prior year. Adjusting FFO for the years ended December 31, 2014 and 2013 was $980.3 million and $896.5 million, or $5.20 and $4.77 per diluted share, respectively.

Vornado Declares Quarterly Dividends on Preferred Shares, Payable on April 1, 2015

Vornado Realty Trust announced that its Board of Trustees has declared the following quarterly preferred dividends: Series A Convertible of $0.8125000 per share; on Series G and I Cumulative Redeemable of $0.4140625 per share; on Series J Cumulative Redeemable of $0.4296875 per share; on Series K Cumulative Redeemable of $0.3562500 per share and on Series L Cumulative Redeemable of $0.3375000 per share. In each case, dividends are payable on April 1, 2015 to shareholders of record on March 16, 2015.

 

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VNO Competitors

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Industry Analysis

VNO

Industry Average

Valuation VNO Industry Range
Price/Earnings 77.4x
Price/Sales 7.8x
Price/Book 3.8x
Price/Cash Flow 14.8x
TEV/Sales 1.9x
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