S&P 500 Rejects.

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VNO

Vornado Realty Trust (VNO) is a real estate investment trust (REIT) that owns and operates a diverse portfolio of office and retail properties in the United States. The company's portfolio consists of 19.1 million square feet of office space and 3.1 million square feet of retail space, primarily located in New York City, Chicago, and San Francisco.

Vornado Realty Trust was removed from the S&P 500 index in 2020 due to its market capitalization falling below the index's minimum threshold. The company's market capitalization had declined significantly in 2020, partly due to the COVID-19 pandemic's impact on the commercial real estate industry.

The company's portfolio is highly concentrated in two asset classes, office and retail, with a particular focus on iconic flagship stores for marquee brands. Vornado owns and operates nearly 20 million square feet of prime office properties, including 1290 Avenue of the Americas, 655 Fifth Avenue, and 697-703 Fifth Avenue in New York City.

In addition to its office portfolio, Vornado is the largest owner and manager of street retail in Manhattan, with a portfolio of more than 2.4 million square feet. The company's retail portfolio includes iconic properties such as 61 Ninth Avenue and 512 West 22nd Street in New York City.

Vornado also owns and operates nearly 2 million square feet of prime marketplaces, including the famous Times Square and the entrance to Pennsylvania Station on 34th Street. The company's signage portfolio includes significant advertising signage at these high-foot-traffic corridors.

In addition to its commercial portfolio, Vornado's operating portfolio includes more than 2000 residential units in New York City. The company's residential portfolio is focused on luxury apartments and condominiums in prime locations.

Vornado Realty Trust has a history of acquisitions and divestitures, including the acquisition of Alexander's, Inc. in 1995 and the spin-off of Urban Edge Properties in 2015. The company has also been involved in various development projects, including the redevelopment of the World Trade Center in New York City.

Vornado Realty Trust is led by Steven Roth, who replaced Michael D. Fascitelli as CEO in 2013. The company's stock is listed on the New York Stock Exchange (NYSE) under the ticker symbol VNO.

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Additional information about Vornado Realty Trust can be found on its website at https://www.vno.com.

The company's latest annual report can be found on the Securities and Exchange Commission's website at https://www.sec.gov/Archives/edgar/data/1068308/000106830821000011/vno-20211231x10k.htm.

Vornado Realty Trust's stock performance can be tracked on financial websites such as Yahoo Finance at https://finance.yahoo.com/quote/VNO.

The company's news and press releases can be found on its website at https://www.vno.com/investors/news-and-presentations.

Vornado Realty Trust's leadership team, including CEO Steven Roth, can be found on its website at https://www.vno.com/about/leadership.

The company's corporate governance policies and practices can be found on its website at https://www.vno.com/about/corporate-governance.

Vornado Realty Trust's sustainability initiatives and reports can be found on its website at https://www.vno.com/sustainability.

The company's investor relations team can be contacted through its website at https://www.vno.com/investors/contact-us.

Vornado Realty Trust's latest investor presentation can be found on its website at https://www.vno.com/investors/presentations.

The company's dividend history and policy can be found on its website at https://www.vno.com/investors/dividend-history.

Vornado Realty Trust's stock information, including its ticker symbol and CUSIP number, can be found on its website at https://www.vno.com/investors/stock-information.

The company's transfer agent and registrar can be found on its website at https://www.vno.com/investors/transfer-agent.

Vornado Realty Trust's code of ethics and business conduct can be found on its website at https://www.vno.com/about/code-of-ethics.

The company's whistleblower policy can be found on its website at https://www.vno.com/about/whistleblower-policy.

Vornado Realty Trust's corporate social responsibility initiatives and reports can be found on its website at https://www.vno.com/sustainability/corporate-social-responsibility.

The company's environmental, social, and governance (ESG) initiatives and reports can be found on its website at https://www.vno.com/sustainability/esg.

Vornado Realty Trust's human capital management practices and policies can be found on its website at https://www.vno.com/about/human-capital-management.

The company's diversity, equity, and inclusion initiatives and reports can be found on its website at https://www.vno.com/about/diversity-equity-inclusion.

Vornado Realty Trust's community engagement and philanthropy initiatives can be found on its website at https://www.vno.com/about/community-engagement.

The company's supplier diversity program can be found on its website at https://www.vno.com/about/supplier-diversity.

Vornado Realty Trust's employee benefits and compensation practices can be found on its website at 2024


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