Vornado Realty Trust 6.5% Perpetual Preferred Stock (VNORP)

Overview

Vornado Realty Trust stands as a paramount entity within the realm of real estate investment trusts, particularly specializing in premier office and retail assets predominantly located in the vibrant city of New York. This distinguished organization prides itself on a strategically integrated approach to real estate management and development, most notably underscored by its leadership in the groundbreaking development of the PENN DISTRICT. Despite its substantial emphasis on New York City's prime real estate market, Vornado's portfolio impressively extends to encompass marquee properties in Chicago and San Francisco, underscoring its pivotal role across key urban landscapes in the United States. Further distinguishing itself within the industry, Vornado has demonstrated an unwavering commitment to sustainability. This is evidenced through its extensive portfolio of green initiatives, including over 27 million square feet of buildings certified by the Leadership in Energy and Environmental Design (LEED), with more than 23 million square feet achieving the prestigious LEED Gold or Platinum standards. Through these endeavors, Vornado not only consolidates its status as a leader in the real estate sector but also affirms its dedication to environmental stewardship and sustainability.

Products and Services

• Premier New York City Office and Retail Assets

  Vornado's flagship offerings include a meticulously curated selection of office and retail spaces located in the heart of New York City. These properties are renowned for their strategic locations, modern amenities, and innovative designs, catering to a diverse array of high-profile tenants and businesses seeking to establish their presence in one of the world's most dynamic urban centers.

• Development of the PENN DISTRICT

  In an ambitious venture, Vornado is spearheading the development of the PENN DISTRICT, a transformative project envisioned to redefine the landscape of New York City. This comprehensive development initiative aims to create a vibrant, connected district that encapsulates state-of-the-art office spaces, retail offerings, and public amenities, fostering a new era of urban innovation and community engagement.

• Premier Assets in Chicago and San Francisco

  Expanding beyond the boundaries of New York City, Vornado's portfolio further encompasses premier real estate assets in the cities of Chicago and San Francisco. These properties echo the company's hallmark of excellence, offering top-tier office and retail spaces that accommodate the specific needs of discerning clients and businesses in these major metropolitan areas.

• Leadership in Sustainability

  Vornado's commitment to sustainability is integral to its operation, illustrated through its extensive roster of LEED-certified buildings. With a strategic focus on environmental efficiency, resource conservation, and sustainable design, Vornado is at the forefront of promoting eco-friendly real estate development, contributing significantly to the development of healthier, more sustainable communities.