Vornado Realty traded at $30.58 this Friday May 15th, decreasing $0.49 or 1.58 percent since the previous trading session. Looking back, over the last four weeks, Vornado Realty lost 7.71 percent. Over the last 12 months, its price fell by 22.92 percent. Looking ahead, we forecast Vornado Realty to be priced at 31.49 by the end of this quarter and at 29.58 in one year, according to Trading Economics global macro models projections and analysts expectations.
Vornado Realty Trust is a fully-integrated real estate investment trust (REIT). The Company conducts its business through, and substantially all its interests in properties are held by, Vornado Realty L.P. Its portfolio is concentrated on premier office and high street retail properties in New York City. Its segments include New York and Other. Its New York segment consisted of 26.7 million square feet in 60 properties. The 26.7 million square feet comprises 20.4 million square feet of Manhattan office in 30 of the properties, 2.4 million square feet of Manhattan street retail in 50 of the properties, 1,662 units in five residential properties, and its 32.4% interest in Alexander’s, which owns five properties in the greater New York metropolitan area. It also includes nine garages totaling 1.6 million square feet (4,685 spaces). Its Real Estate and Investments consists of 3.7 million square foot THE MART in Chicago, a three-building office complex in San Francisco’s financial district.