Advertiser Disclosure

advertising disclaimer
Skip to main content
nyc sunset

Vornado Realty Trust: What You Need to Know

Take a deep dive into this New York City-focused diversified REIT.

[Updated: Oct 07, 2021 ] Dec 04, 2020 by Matthew DiLallo

Get our 43-Page Guide to Real Estate Investing Today!

Real estate has long been the go-to investment for those looking to build long-term wealth for generations. Let us help you navigate this asset class by signing up for our comprehensive real estate investing guide.

Property Type NOI in 2019 Percentage of Total NOI
Office $724.5 million 57.5%
Retail $273.2 million 21.7%
Residential $23.4 million 1.9%
Alexander's $44.3 million 3.5%
Hotel Pennsylvania $7.4 million 0.6%
theMART $102.1 million 8.1%
555 California Street $59.7 million 4.7%
Other investments $25.2 million 2.0%

Data source: Vornado Realty Trust

In light of the evolving health, social, economic, and business environment, governmental regulation or mandates, and business disruptions that have occurred and may continue to occur, the impact of the COVID-19 pandemic on our financial condition and operating results remains highly uncertain, but the impact could be material. The impact on us includes lower rental income and potentially lower occupancy levels at our properties which will result in less cash flow available for operating costs, to pay our indebtedness, and for distribution to our shareholders. … The value of our real estate assets may continue to decline, which may result in additional non-cash impairment charges in future periods, and that impact could be material.

Click to enlarge

Got $1,000? The 10 Top Investments We’d Make Right Now

Our team of analysts agrees. These 10 real estate plays are the best ways to invest in real estate right now. By signing up to be a member of Real Estate Winners, you’ll get access to our 10 best ideas and new investment ideas every month. Find out how you can get started with Real Estate Winners by clicking here.