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Is Vornado Realty Trust Risky?

Oct 12, 2021 by Matthew DiLallo

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Segment NOI in 2020 NOI in 2019 YOY change
New York: Office $672,495 $724,526 -7.2%
New York: Retail $147,299 $273,217 -46.1%
New York: Residential $20,687 $23,363 -11.5%
New York: Alexander's $35,912 $44,325 -19.0%
New York: Hotel Pennsylvania -$42,502 $7,397 -674.6%
Total: New York $833,891 $1,072,828 -22.3%
Other: theMart (Chicago) $69,178 $102,071 -32.2%
Other: 555 California Street (San Francisco) $60,324 $59,657 1.1%
Other Investments $9,186 $25,221 -63.6%
Total: Other $138,688 $186,949 -25.8%
Overall NOI Total $972,579 $1,259,777 -22.8%

Data source: Vornado Realty Trust. NOTE: Amounts in thousands. YOY = year over year.

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