I’ve always been drawn to the real estate industry, especially the ups and downs of big players. Vornado Realty Trust is a top name in commercial real estate, especially in New York City. But what’s its net worth? Let’s explore the value of Vornado Realty Trust together.

Key Takeaways

• Vornado Realty Trust is a leading commercial REIT with a focus on properties in New York City, Chicago, and San Francisco.
• As of August 2024, Vornado’s market capitalization stands at $7.2 billion, making it a significant player in the real estate industry.
• The company’s total assets amounted to $16.9 billion as of June 2024, while its total equity was $6.5 billion in 2021.
• Vornado’s financial performance has been mixed, with a 44% drop in revenue over the past 12 months and a low Altman Z-score of 0.08, indicating financial distress.
• Wall Street analysts predict a further decline in Vornado’s stock price over the next 12 months, with an average target price of $24.48.

What is the Net Worth of Vornado Realty Trust?

Vornado Realty Trust is a big name in real estate in the US. It has a net worth of $6.6 billion as of August 23, 2024. This company is a leader in the Finance sector. It has a market capitalization of $6.602 billion and makes $1.811 billion a year.

Vornado Realty Trust’s Financial Overview

Vornado Realty Trust is not as big as some other real estate companies in the US. Companies like Prologis, American Tower, and Welltower are much bigger. But, Vornado is still a big deal in the REIT market. It owns and manages over 26 million square feet of LEED-certified buildings.

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The company finished a big project, a residential tower called 220 Central Park South. This adds to its impressive list of properties. As of August 26, 2024, its net worth is at least $1 million. It also owns a lot of JC Penney Co Inc (JCPNQ) stock, worth over $1 million.

Vornado Realty Trust has shown its financial power by selling stock. On March 4, 2013, it sold 10,000,000 shares of JC Penney Co Inc (JCPNQ) for about $160 million. In the last 5 years, it has made a total of 0 transactions in JC Penney Co Inc (JCPNQ) stock.

Understanding Vornado’s Market Capitalization

Vornado Realty Trust’s net worth, or market capitalization, shows the company’s value based on the stock market. As of August 23, 2024, Vornado’s market capitalization is $6.6 billion. This is found by multiplying the company’s share price with the number of shares.

Market capitalization is key to understanding a company’s size and value. It changes due to the company’s financial health, industry trends, and how investors feel.

Vornado’s market capitalization of $6.6 billion puts it among the big names in the REIT industry. By comparing Vornado with other big REITs, investors and analysts can see how it stacks up. They can understand its size, growth potential, and where it stands in the sector.

What is the net worth of Vornado

Vornado’s Portfolio and Business Overview

Vornado Realty Trust is a top real estate investment trust (REIT) with a net worth of $6.6 billion as of August 2024. It has a big market value thanks to its large portfolio of commercial properties. These properties are mainly in New York City, Chicago, and San Francisco.

The company buys, develops, and runs top-notch office, retail, and residential properties in key cities. Its assets include office buildings, shopping malls, and residential towers. It also offers cleaning and security services through Building Maintenance Services LLC.

Vornado is a big name in the New York City real estate market. It’s known for its focus on sustainability and environmental efficiency. The company aims to add value for its shareholders by growing and innovating in commercial real estate.

Vornado Realty Trust focuses on high-quality commercial properties. It has strong finances and is committed to sustainability. This makes it a strong player in the New York City real estate market and the REIT industry.

Conclusion

VORNADO REALTY TRUST’s net worth has seen ups and downs in 2023. It hit a high of $5.745 Billion in Week 51-2023. By Week 52-2023, it was down to $5.637 Billion. This shows a small drop.

Compared to big countries, VORNADO REALTY TRUST’s net worth is tiny but important. It’s like a small piece of the United States’ or India’s economy.

VORNADO REALTY TRUST is a big name in the REIT world, especially in Manhattan real estate. They have a strong financial standing. They have $891 million in cash, $143 million in restricted cash, and $277 million in Treasury Bills as of March 31.

As we keep an eye on VORNADO REALTY TRUST, this article gives us a full picture of their worth. It shows where they stand in the economy.