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Home > Company Index > Real Estate > REIT - Diversified & Misc. > Vornado Realty Trust

Vornado Realty Trust
NYSE: VNO
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 NEWS FROM THE WIRES
H&M inks deal for new NYC store across from Macy's
Aug 23 2001 01:23 PM PDT

More WIRE STORIES about this company

 PROFILE
Vornado Realty Trust will take Manhattan. The real estate investment trust (REIT) concentrates on office space in New York City (about half of revenues) with some 20 buildings in Manhattan. The REIT also owns nearly 60 shopping centers in six states and Puerto Rico, as well as Chicago's Merchandise Mart and other mixed-use properties. Vornado owns majority stakes in Alexander's (New York City retail properties) and a partnership owning some 90 refrigerated warehouses; it has a minority stake in Charles E. Smith Commercial Realty (Washington, DC area offices). To maintain its REIT status, the company spun off property management arm Vornado Operating Co.

 COMPETITION
Boston Properties, Inc. (BXP)
Brookfield Properties Corporation (BPO)
Westfield America, Inc. (WEA)

 DEALS
Deal: Workspeed Raises $15 Million
Date Announced: 05.23.01
Value of transaction (US $Mil): 15
Description: Developer of wireless applications for the commercial real estate industry closes its second round of venture funding.

 STOCK ANALYSIS
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FURTHER ANALYSIS
• Advanced Charting
• Deals

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 973.90
1-Yr. Sales Growth: 21.0%
Employees: 1,300
Revenue per employee: $749,153.85

 KEY PEOPLE
• Steven Roth
    CEO
• Joseph Macnow
    CFO

 CONTACT INFO
210 Rte. 4 East
Paramus, NJ 07652
US
Phone: 201-587-1000
Fax: 201-587-0600
Online: Web Site

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