| | Business Summary | | Vornado
Operating
Company
(VOC)
is
a
real
estate
investment
trust
(REIT)
that
was
formed
on
October
30,
1997
as
a
wholly
owned
subsidiary
of
Vornado
Realty
L.P.,
which
is
a
subsidiary
of
Vornado
Realty
Trust
(Vornado).
VOC
operates
businesses
conducted
at
properties
it
leases
from
Vornado.
The
Company
was
formed
to
own
assets
that
Vornado
could
not
itself
own
and
conduct
activities
that
Vornado
could
not
itself
conduct.
The
Company
is
intended
to
function
principally
as
an
operating
company,
in
contrast
to
Vornado's
principal
focus
on
investments
in
real
estate
assets.
The
Company
In
March
1999,
the
Company
and
Crescent
Operating,
Inc.
formed
a
new
partnership,
the
Vornado
Crescent
Logistics
Operating
Partnership,
which
conducts
business
under
the
name
AmeriCold
Logistics.
AmeriCold
Logistics
operates
99
temperature
controlled
warehouse
facilities
nationwide
with
an
aggregate
of
approximately
518
million
cubic
feet
of
refrigerated,
frozen
and
dry
storage
space. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Vornado
Operating
Company
is
a
lessor
and
operator
of
certain
real
estate
properties
owned
now
and
in
the
future
by
Vornado
Realty
Trust.
The
company
through
an
Intercompany
agreement
relies
exclusively
on
Vornado
Realty
to
identify
its
business
opportunities.
For
the
six
months
ended
6/30/01,
interest
income
fell
92%
to
$6
thousand.
Net
loss
fell
2%
to
$10.6
million.
Results
reflect
lower
average
invested
balances,
offset
by
the
absence
of
loss
from
Transportal. | | More
from
Market Guide: Significant
Developments |
| | |
| Position | | Steven Roth, 59 | Chairman
and CEO | | Michael Fascitelli, 44 | Pres | | Patrick Hogan, 33 | CFO,
VP | | Joseph Macnow, 55 | Exec.
VP- Fin. and Admin. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/v/voo.gif)