Dow Mixed as Vornado Realty Trust Shares Slide 2.34% to $20.05
July 21, 2023
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Vornado Realty Trust ($NYSE:VNO) is a real estate investment trust that specializes in large-scale commercial properties in prime locations. It owns and manages over 20 million square feet of retail, office, industrial, and other properties across the United States. On Thursday, the company’s shares dropped by 2.34% to $20.05, while the Dow Jones Industrial Average declined 0.28% to 31,494. This resulted in a mixed day for the stock market overall. Vornado Realty Trust’s portfolio consists primarily of high-quality commercial properties located in major cities across the nation.
The company works to enhance the value of its properties by investing in acquisitions, development, and redevelopment projects with the intention of maximizing returns for shareholders. In recent years, the company has seen strong growth as the demand for its rental properties has risen across the country. Despite its recent share drop, Vornado Realty Trust remains a strong player in the real estate industry.
Analysis
As GoodWhale, we conducted an analysis on the fundamentals of VORNADO REALTY TRUST. According to our Star Chart, VORNADO REALTY TRUST has a low health score of 3/10. This indicates that the company is less likely to sustain operations in difficult times of crisis. Our analysis indicates that VORNADO REALTY TRUST is strong in asset, dividend, profitability and weak in growth. We classified VORNADO REALTY TRUST as a ‘cow’, which is a type of company that has the track record of paying out consistent and sustainable dividends. Therefore, investors that are looking for stable and consistent returns may be interested in such companies. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for VNO. More…
| Total Revenues | Net Income | Net Margin |
| 1.8k | -429.93 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for VNO. More…
| Operations | Investing | Financing |
| 798.94 | -906.86 | -801.27 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for VNO. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 16.27k | 9.91k | 29.66 |
Key Ratios Snapshot
Some of the financial key ratios for VNO are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 16.0% |
| FCF Margin | ROE | ROA |
| – | – | – |
Peers
Vornado owns and operates office, retail, and hotel properties in the United States. The company was founded in 1959 and became a public company in 1971. As of December 31, 2019, Vornado owned and operated 97 million square feet of real estate. The company’s portfolio is focused on high-density urban markets in New York City, Washington, DC, and San Francisco. Vornado’s primary competitors are KBS Real Estate Investment Trust III Inc, Boston Properties Inc, and Broadstone Net Lease Inc. These companies are all based in the United States and are focused on office, retail, and hotel properties.
– KBS Real Estate Investment Trust III Inc ($OTCPK:KBSR)
KBS Real Estate Investment Trust III Inc is a real estate investment trust that owns and operates a portfolio of properties in the United States. The company’s portfolio includes office, retail, industrial, and hotel properties. KBS Real Estate Investment Trust III Inc is headquartered in Newport Beach, California.
– Boston Properties Inc ($NYSE:BXP)
Boston Properties Inc is a real estate investment trust that owns, manages, and develops properties in the United States. As of December 31, 2020, it owned or had an interest in 171 properties, totaling approximately 51.4 million square feet. The company was founded in 1970 and is headquartered in Boston, Massachusetts.
– Broadstone Net Lease Inc ($NYSE:BNL)
The company’s market cap is 2.79B as of 2022. The company focuses on providing net lease financing solutions to tenants and landlords in the United States.
Summary
Vornado Realty Trust, a real estate investment trust, saw its stock price fall 2.34% to $20.05 on Thursday. This was part of a mixed trading day for the overall market, with the Dow seeing a slight decrease overall. This decrease in share price could be seen as a sign of caution for investors when looking at Vornado Realty Trust. Analysts suggest that investors should still be optimistic about the performance of the company’s portfolio of assets, which should provide steady returns over time.
However, it may be wise to keep an eye on the stock and any changes in its overall performance in the coming weeks.
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