Company Profile For Vornado Realty Trust

Vornado Realty Trust (VNO.N) (New York Stock Exchange)

sector: Financials · industry: REIT - Residential & Commercial ·

As of 24 Nov 2009

63.81USD

Price Change

-1.66

Percent Change

-2.54%

Analyst Recommendations

Overview

Vornado Realty Trust (Vornado) is an integrated real estate investment trust (REIT) and conducts its business through Vornado Realty L.P., a Delaware limited partnership (the Operating Partnership). Vornado is the general partner of, and owned approximately 90.6% of the common limited partnership interest in, the Operating Partnership as of December 31, 2008. The Company’s business segments include New York Office Properties, Washington, DC Office Properties, Retail Properties, Merchandise Mart Properties and Toys “R” Us (Toys). On March 31, 2008, Vornado sold its 47.6% interest in Americold. On June 6, 2008, it sold its Tysons Dulles Plaza office building complex located in Tysons Corner, Virginia.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Vornado Realty Trust's revenues rose 1% to $2.24B. Net income from cont. ops. applicable to Common fell 58% to $150.9M. Revenues reflect an increased property rentals, higher fees & other income and an increased income from tenant expense reimbursements. Net income was offset by an increase in depreciation & amortization expense and higher general & administrative expense.