Last 7 days
-14.3%
Last 30 days
-31.6%
Last 90 days
-28.9%
Trailing 12 Months
-62.6%
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
PSA | 51.7B | 4.2B | -4.61% | -14.88% | 11.88 | 12.36 | 22.43% | 122.66% |
DLR | 30.0B | 4.7B | -6.82% | -21.36% | 79.47 | 6.4 | 5.96% | -77.90% |
EQR | 22.3B | 2.7B | -9.31% | -29.65% | 28.69 | 8.21 | 11.91% | -41.71% |
ARE | 21.2B | 2.6B | -23.98% | -31.95% | 40.62 | 8.18 | 22.46% | -8.68% |
KIM | 13.2B | 1.7B | -4.07% | -13.87% | 104.43 | 7.61 | 26.61% | -85.07% |
MID-CAP | ||||||||
FRT | 7.7B | 1.1B | -13.38% | -14.77% | 20.08 | 7.2 | 12.95% | 47.42% |
KRG | 4.3B | 802.0M | -9.03% | -5.22% | -341.02 | 5.37 | 114.83% | 84.36% |
VNO | 2.9B | 1.8B | -31.59% | -62.57% | -8.47 | 1.63 | 13.26% | -296.88% |
MAC | 2.1B | 859.2M | -25.44% | -29.31% | -31.63 | 2.43 | 1.38% | -563.21% |
SMALL-CAP | ||||||||
SKT | 1.9B | 421.4M | -3.41% | 12.84% | 22.56 | 4.55 | 3.35% | 1705.32% |
SLG | 1.7B | 826.7M | -30.54% | -63.53% | -22.04 | 2.08 | -2.04% | -117.36% |
AIV | 1.0B | 190.3M | -7.76% | -1.93% | 11.27 | 5.46 | 12.08% | 1950.56% |
PGRE | 983.2M | 740.4M | -22.73% | -54.50% | -27.01 | 1.33 | 1.87% | -78.85% |
Income Statement (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Revenue | 1.5% | 1,800 | 1,774 | 1,726 | 1,651 | 1,589 |
Operating Expenses | 2.5% | 1,534 | 1,497 | 1,461 | 1,408 | 1,368 |
S&GA Expenses | -2.0% | 134 | 136 | 133 | 132 | 135 |
EBITDA | -56.9% | 396 | 918 | 888 | 848 | 798 |
EBITDA Margin | -57.5% | 0.22* | 0.52* | 2.58* | 3.15* | 3.84* |
Earnings Before Taxes | -281.3% | -360 | 199 | 222 | 229 | 197 |
EBT Margin | -278.7% | -0.20* | 0.11* | 0.64* | 0.85* | 0.95* |
Interest Expenses | 13.9% | 252 | 221 | 203 | 185 | 189 |
Net Income | -318.4% | -346 | 159 | 199 | 197 | 176 |
Net Income Margin | -315.2% | -0.19* | 0.09* | 0.58* | 0.73* | 0.85* |
Free Cahsflow | -5.3% | 799 | 844 | 720 | 709 | 762 |
Balance Sheet | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Assets | -4.0% | 16,493 | 17,176 | 17,152 | 17,492 | 17,267 |
Cash Equivalents | 5.2% | 890 | 845 | 988 | 974 | 1,760 |
Liabilities | -0.2% | 9,980 | 10,001 | 9,996 | 10,307 | 10,063 |
Shareholder's Equity | -9.3% | 5,840 | 6,438 | 6,651 | 6,438 | 6,236 |
Retained Earnings | -18.0% | -3,894 | -3,299 | -3,205 | -3,154 | -3,079 |
Additional Paid-In Capital | 0.1% | 8,369 | 8,362 | 8,339 | 8,098 | 8,143 |
Shares Outstanding | 0.0% | 192 | 192 | 192 | 192 | 192 |
Minority Interest | -6.5% | 237 | 253 | 254 | 253 | 279 |
Cashflow (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Cashflow From Operations | -5.3% | 799 | 844 | 720 | 709 | 762 |
Share Based Compensation | 3.3% | 29.00 | 28.00 | 30.00 | 30.00 | 38.00 |
Cashflow From Investing | 8.3% | -906 | -989 | -1,064 | -1,270 | -532 |
Cashflow From Financing | 30.0% | -801 | -1,145 | -855 | -52.55 | -29.48 |
Dividend Payments | 0.0% | 407 | 406 | 406 | 406 | 406 |
43.9%
36.1%
30.8%
Y-axis is the maximum loss one would have experienced if Vornado Realty Trust was unfortunately bought at previous high price.
-8.8%
-15.9%
-21.2%
-24.5%
FIve years rolling returns for Vornado Realty Trust.
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 14.44 | 158,242 | 5,767,240 | 0.01% |
2023-03-06 | Rockefeller Capital Management L.P. | reduced | -34.23 | -114,000 | 166,000 | -% |
2023-02-28 | Voya Investment Management LLC | added | 3.46 | -92,999 | 1,225,000 | -% |
2023-02-27 | Parallax Volatility Advisers, L.P. | added | 11.85 | 2,442 | 590,442 | -% |
2023-02-24 | NATIXIS | reduced | -72.28 | -9,164,950 | 3,057,050 | 0.02% |
2023-02-24 | SRS Capital Advisors, Inc. | new | - | 4,079 | 4,079 | -% |
2023-02-22 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | added | 37.00 | 78,000 | 416,000 | -% |
2023-02-22 | CVA Family Office, LLC | added | 37.5 | 867 | 6,867 | -% |
2023-02-21 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | reduced | -23.41 | -22,335 | 47,665 | -% |
2023-02-21 | NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC | reduced | -15.63 | -33,951 | 105,049 | -% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Feb 14, 2023 | putnam investments llc | 5.1% | 9,759,379 | SC 13G | |
Feb 09, 2023 | blackrock inc. | 10.6% | 20,411,962 | SC 13G/A | |
Feb 09, 2023 | vanguard group inc | 14.40% | 27,631,207 | SC 13G/A | |
Feb 03, 2023 | blackrock inc. | 8.2% | 15,723,834 | SC 13G/A | |
Jan 31, 2023 | state street corp | 7.13% | 13,669,083 | SC 13G/A | |
Feb 14, 2022 | state street corp | 6.37% | 12,219,359 | SC 13G/A | |
Feb 10, 2022 | vanguard group inc | 14.42% | 27,643,775 | SC 13G/A | |
Feb 01, 2022 | blackrock inc. | 8.7% | 16,649,268 | SC 13G/A | |
Feb 11, 2021 | state street corp | 5.47% | 10,461,064 | SC 13G | |
Feb 10, 2021 | vanguard group inc | 13.75% | 26,300,130 | SC 13G/A |
Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
---|---|---|---|---|---|
Very Low Inflation | 21.49 40.46% | 26.57 73.66% | 54.96 259.22% | 76.91 402.68% | 100.17 554.71% |
Current Inflation | 20.89 36.54% | 25.64 67.58% | 50.28 228.63% | 69.16 352.03% | 89.07 482.16% |
Very High Inflation | 20.09 31.31% | 24.43 59.67% | 44.62 191.63% | 59.97 291.96% | 76.03 396.93% |
Date Filed | Form Type | Document | |
---|---|---|---|
Feb 16, 2023 | 4 | Insider Trading | |
Feb 14, 2023 | SC 13G | Major Ownership Report | |
Feb 13, 2023 | 10-K | Annual Report | |
Feb 13, 2023 | 8-K | Current Report | |
Feb 10, 2023 | SC 13G | Major Ownership Report | |
Feb 09, 2023 | SC 13G/A | Major Ownership Report | |
Feb 09, 2023 | SC 13G/A | Major Ownership Report | |
Feb 03, 2023 | SC 13G/A | Major Ownership Report | |
Jan 31, 2023 | 8-K | Current Report | |
Jan 31, 2023 | SC 13G/A | Major Ownership Report |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2022-05-04 | Beinecke Candace K | acquired | - | - | 5,262 | - |
2022-04-13 | Fascitelli Michael D | sold | -4,998,910 | 41.9724 | -119,100 | - |
2021-11-29 | MANDELBAUM DAVID | gifted | - | - | -140,000 | - |
2020-05-14 | Beinecke Candace K | acquired | - | - | 2,322 | - |
2020-03-10 | Helman William W | bought | 497,113 | 48.7366 | 10,200 | - |
2020-01-14 | Langer Barry | acquired | 217,530 | 51.1233 | 4,255 | evp - dev. co-head of r.e. |
2020-01-14 | Langer Barry | sold | -283,434 | 66.6121 | -4,255 | evp - dev. co-head of r.e. |
2019-07-31 | Weiss Glen J. | sold | -256,859 | 64.57 | -3,978 | evp- off leasing co- head r.e. |
2019-07-09 | Weiss Glen J. | sold | -39,504 | 65.84 | -600 | evp- off leasing co- head r.e. |
2019-06-21 | MACNOW JOSEPH | gifted | - | - | -372 | evp - finance, chief admin. of |
Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
REVENUES: | ||||
Revenues | $ 457,431 | $ 409,212 | $ 1,353,055 | $ 1,168,130 |
EXPENSES: | ||||
Operating | (221,596) | (212,699) | (660,434) | (594,598) |
Depreciation and amortization | (134,526) | (100,867) | (370,631) | (285,998) |
General and administrative | (29,174) | (25,553) | (102,292) | (100,341) |
Benefit (expense) from deferred compensation plan liability | 600 | (799) | 10,138 | (7,422) |
Transaction related costs and other | (996) | (9,681) | (4,961) | (10,630) |
Total expenses | (385,692) | (349,599) | (1,128,180) | (998,989) |
Income from partially owned entities | 24,341 | 26,269 | 83,775 | 86,768 |
(Loss) income from real estate fund investments | (111) | (66) | 5,421 | 5,107 |
Interest and other investment income, net | 5,228 | 633 | 9,282 | 3,694 |
(Loss) income from deferred compensation plan assets | (600) | 799 | (10,138) | 7,422 |
Interest and debt expense | (76,774) | (50,946) | (191,523) | (152,904) |
Net gains on disposition of wholly owned and partially owned assets | 0 | 10,087 | 35,384 | 35,811 |
Income before income taxes | 23,823 | 46,389 | 157,076 | 155,039 |
Income tax (expense) benefit | (3,711) | 25,376 | (14,686) | 20,551 |
Net income | 20,112 | 71,765 | 142,390 | 175,590 |
Less net (income) loss attributable to noncontrolling interests / consolidated subsidiaries in: | ||||
Consolidated subsidiaries | 3,792 | (5,425) | (4,756) | (20,323) |
Operating Partnership | (606) | (2,818) | (6,382) | (6,683) |
Net income attributable to Vornado / Vornado Realty L.P. | 23,298 | 63,522 | 131,252 | 148,584 |
Preferred share dividends / unit distributions | (15,529) | (16,800) | (46,587) | (49,734) |
Series K preferred share / unit issuance costs | 0 | (9,033) | 0 | (9,033) |
NET INCOME attributable to common shareholders / Class A unitholders | $ 7,769 | $ 37,689 | $ 84,665 | $ 89,817 |
INCOME PER COMMON SHARE - BASIC: | ||||
Net income per common share (in dollars per share) | $ 0.04 | $ 0.20 | $ 0.44 | $ 0.47 |
Weighted average shares outstanding, basic (in shares) | 191,793 | 191,577 | 191,756 | 191,508 |
INCOME PER COMMON SHARE - DILUTED: | ||||
Net income per common share (in dollars per share) | $ 0.04 | $ 0.20 | $ 0.44 | $ 0.47 |
Weighted average shares outstanding, diluted (in shares) | 192,018 | 192,041 | 192,042 | 192,151 |
Rental revenues | ||||
REVENUES: | ||||
Revenues | $ 409,144 | $ 369,203 | $ 1,211,621 | $ 1,048,116 |
Fee and other income | ||||
REVENUES: | ||||
Revenues | $ 48,287 | $ 40,009 | $ 141,434 | $ 120,014 |
Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
---|---|---|
Real estate, at cost: | ||
Land | $ 2,477,956 | $ 2,540,193 |
Buildings and improvements | 10,015,452 | 9,839,166 |
Development costs and construction in progress | 802,272 | 718,694 |
Leasehold improvements and equipment | 122,948 | 119,792 |
Total | 13,418,628 | 13,217,845 |
Less accumulated depreciation and amortization | (3,606,986) | (3,376,347) |
Real estate, net | 9,811,642 | 9,841,498 |
Right-of-use assets | 685,298 | 337,197 |
Cash and cash equivalents | 845,423 | 1,760,225 |
Restricted cash | 131,625 | 170,126 |
Investments in U.S. Treasury bills | 445,165 | 0 |
Tenant and other receivables | 81,004 | 79,661 |
Investments in partially owned entities | 3,250,197 | 3,297,389 |
Real estate fund investments | 930 | 7,730 |
220 Central Park South condominium units ready for sale | 78,590 | 57,142 |
Receivable arising from the straight-lining of rents | 692,733 | 656,318 |
Deferred leasing costs, net of accumulated amortization of $233,001 and $211,775 | 380,221 | 391,693 |
Identified intangible assets, net of accumulated amortization of $95,661 and $97,186 | 142,116 | 154,895 |
Other assets | 630,730 | 512,714 |
Assets | 17,175,674 | 17,266,588 |
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY | ||
Mortgages payable, net | 5,831,769 | 6,053,343 |
Senior unsecured notes, net | 1,191,322 | 1,189,792 |
Unsecured term loan, net | 792,847 | 797,812 |
Unsecured revolving credit facilities | 575,000 | 575,000 |
Lease liabilities | 731,674 | 370,206 |
Accounts payable and accrued expenses | 475,151 | 613,497 |
Deferred revenue | 41,879 | 48,118 |
Deferred compensation plan | 95,681 | 110,174 |
Other liabilities | 265,775 | 304,725 |
Total liabilities | 10,001,098 | 10,062,667 |
Commitments and contingencies | ||
Redeemable noncontrolling interests: | ||
Total redeemable noncontrolling interests | 483,302 | 688,683 |
Shareholders' equity: | ||
Preferred shares of beneficial interest: no par value per share; authorized 110,000,000 shares; issued and outstanding 48,792,902 shares | 1,182,459 | 1,182,459 |
Common shares of beneficial interest: $0.04 par value per share; authorized 250,000,000 shares; issued and outstanding 191,816,684 and 191,723,608 shares | 7,652 | 7,648 |
Additional capital | 8,362,387 | 8,143,093 |
Earnings less than distributions | (3,299,630) | (3,079,320) |
Accumulated other comprehensive income (loss) | 185,178 | (17,534) |
Total Vornado shareholders' / partners equity | 6,438,046 | 6,236,346 |
Noncontrolling interests in consolidated subsidiaries | 253,228 | 278,892 |
Total equity | 6,691,274 | 6,515,238 |
Total liabilities, redeemable noncontrolling interests / partnership units and equity | 17,175,674 | 17,266,588 |
Partnership Interest | ||
Redeemable noncontrolling interests: | ||
Class A units - 14,253,759 and 14,033,438 units outstanding | 390,539 | 587,440 |
Series D cumulative redeemable preferred units - 141,400 units outstanding | 3,535 | 3,535 |
Total redeemable noncontrolling interests | 394,074 | 590,975 |
Subsidiary | ||
Redeemable noncontrolling interests: | ||
Total redeemable noncontrolling interests | $ 89,228 | $ 97,708 |