| Business Summary | | Vornado
Realty
Trust
is
a
fully
integrated
real
estate
investment
trust.
Vornado
conducts
its
business
through
Vornado
Realty
L.P.,
a
Delaware
limited
partnership
(the
Operating
Partnership).
Vornado
is
the
sole
general
partner
of
the
Operating
Partnerhip,
and,
at
February
1,
2001,
owned
approximately
86%
of
the
common
limited
partnership
interest.
The
Company
owns,
directly
or
indirectly,
office
properties,
retail
properties,
merchandise
mart
properties
and
temperature-controlled
logistics
refrigerated
warehouses.
The
Company
also
owns
or
has
investments
in
Alexander's,
Inc.,
Hotel
Pennsylvania
in
New
York
City,
Newkirk
Joint
Ventures,
and
dry
warehouses
and
industrial
buildings.
The
Company
engages
in
no
foreign
operations
other
than
one
temperature-controlled
warehouse
in
Canada. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | VNO
is
a
fully-integrated
real
estate
investment
trust
which
owns,
manages
and
operates
office
buildings,
retail
properties,
merchandise
marts,
temperature
controlled
logistics
and
other
real
estate
investments.
For
the
six
months
ended
6/30/01,
revenues
rose
24%
to
$488.7
million.
Net
income
applicable
to
Common
before
acct.
change
and
extraordinary
item
rose
11%
to
$106.7
million.
Results
reflect
increased
rental
income,
partially
offset
by
lower
operating
margins. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Steven Roth, 59 Chairman,
CEO, Trustee | $1.3M | Michael Fascitelli, 44 Pres,
Trustee | 1.3M | Joseph Macnow, 55 CFO,
Exec. VP- Fin. and Admin. | 811K | Joseph Hakim, 52 COO,
Exec. VP | -- | David Mandelbaum, 65 Trustee | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|