Welcome to our dedicated page for VORNADO REALTY TRUST SEC filings (Ticker: VNO), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Vornado Realty Trust filings document the disclosure record of a Maryland real estate investment trust that conducts its business through Vornado Realty L.P. The company’s SEC reports cover operating results, supplemental financial information, material agreements, sustainability and annual-report disclosures, and capital-structure matters tied to its New York-centered office, retail and multifamily portfolio.
VNO filings also describe the company’s NYSE-listed common shares and cumulative redeemable preferred shares, including Series L, Series M, Series N and Series O. Proxy materials address trustee elections, auditor ratification, executive compensation and equity-plan matters, while 8-K filings record results releases, credit-facility amendments and other material corporate events.
Vornado Realty Trust director Daniel R. Tisch significantly increased his stake with a series of open-market purchases of Common Shares. He bought 45,000 shares on February 27 at $27.70 per share, 40,000 shares on March 2 at $27.0875 per share, and 70,000 shares on March 3 at $26.30 per share. In total, he acquired 155,000 Common Shares, bringing his directly owned holdings to 185,000 shares.
Vornado Realty Trust director Daniel R. Tisch bought 25,000 common shares in an open‑market transaction at $27.85 per share. The purchase occurred on February 24, 2026 and increased his directly held position to 30,000 common shares.
Vornado Realty Trust executive Haim Chera converted partnership units into common shares. On February 23, 2026, he converted 100,000 Class A Units of Vornado Realty L.P. into 100,000 Common Shares of Vornado Realty Trust on a one-for-one basis, with no cash exercise price.
After these transactions, he directly holds 248,913 Class A Units of the operating partnership and 100,000 Common Shares of beneficial interest of the company.
Vornado Realty Trust reported mixed fourth-quarter and strong full-year 2025 results driven by large one-time gains. Q4 net income attributable to common shareholders was $601,000, or $0.00 per diluted share, while FFO was $112.9 million, or $0.56 per diluted share, slightly below the prior year’s quarter.
For 2025, net income attributable to common shareholders jumped to $842.9 million, or $4.20 per diluted share, from $8.3 million, largely due to an $803.2 million gain from the 770 Broadway master lease with NYU, a $76.2 million gain from the 666 Fifth Avenue UNIQLO sale, and a $17.2 million PENN 1 ground rent reversal.
Full-year FFO attributable to common shareholders plus assumed conversions was $486.8 million, or $2.42 per diluted share, compared with $470.0 million, and FFO as adjusted rose to $465.6 million, or $2.32 per diluted share. Same store NOI at share increased 5.4%, though cash-basis same store NOI declined 5.5%.
The company executed sizable capital recycling and financing, including acquiring 3 East 54th Street for $141 million and 623 Fifth Avenue for $218 million, multiple refinancings and a $500 million 5.75% senior notes offering due 2033. It declared a $0.74 common dividend for 2025 and repurchased 1.46 million shares for $51.0 million, with additional buybacks after year-end.
Vornado Realty Trust filed a combined Form 10-K with Vornado Realty L.P., outlining its 2025 operations, capital activity and key risks. The UPREIT structure leaves Vornado owning about 91.3% of the operating partnership and relying on it for cash flow and dividends.
The company focuses on New York, with roughly 88% of NOI from the metropolitan area and about 78% from office properties, and owns 51 Manhattan assets plus interests in THE MART in Chicago and 555 California Street in San Francisco. As of December 31, 2025, there were 190,666,367 Vornado common shares outstanding and 3,145 employees.
In 2025 Vornado acquired the 623 Fifth Avenue office condominium for $218 million and a $35 million A-Note, and sold several properties including interests in 666 Fifth Avenue, 512 West 22nd Street and 49 West 57th Street. It executed major financings and repayments, advanced redevelopment at PENN 2, 623 Fifth Avenue and Sunset Pier 94 Studios, and outlined an option structure for a large 350 Park Avenue joint venture with Citadel as anchor tenant.
The filing highlights a long-standing sustainability program, including LEED-certified assets and a Vision 2030 carbon-neutral plan, as well as detailed human capital initiatives. Extensive risk factors emphasize office and retail demand shifts, New York concentration, climate and regulatory exposures, leverage and refinancing risk, and potential REIT and tax law changes.
Vornado Realty Trust EVP and Head of Retail Haim Chera received 16,661 LTIP Units on February 5, 2026 at a price of $0 per unit. These performance-based LTIP Units of Vornado Realty L.P. can, after vesting and certain events, be converted into Class A Units, which are redeemable for cash or common shares on a one-for-one basis.
The units were originally granted in January 2023 under the 2023 Long Term Performance Plan and became earned based on total shareholder return versus peer indices through January 12, 2026. Half of the earned base and dividend accrual units vested immediately, with the remaining half scheduled to vest on January 12, 2027, subject to continued employment. Each LTIP and resulting Class A Unit is generally subject to an additional one-year transfer and redemption restriction after vesting. Following this award, Chera beneficially owns 31,572 derivative LTIP Units directly.
Vornado Realty Trust executive Barry Langer reported the earning of 41,958 LTIP Units tied to long-term performance goals. These Operating Partnership units can, after certain events and vesting, be converted into Class A Units and ultimately redeemed for cash or common shares on a one-for-one basis, with no expiration on these rights.
The LTIP Units were granted under the 2023 Long Term Performance Plan and earned based on total shareholder return versus peer indices, including 38,971 base units and 2,987 dividend accrual units. Half of these units vested when earned, while the remaining half is scheduled to vest on January 12, 2027, subject to continued employment, and each unit and resulting Class A Unit carries an additional one-year transfer restriction after vesting. Following this transaction, Langer beneficially owns 79,506 LTIP Units.
Vornado Realty Trust executive Glen J. Weiss reported an equity award tied to company performance. On February 5, 2026, he acquired 48,374 LTIP Units of Vornado Realty L.P. at a price of $0, bringing his total derivative holdings to 91,664 units held directly.
The LTIP Units were originally issued under the 2023 Long Term Performance Plan and earned based on total shareholder return metrics through January 12, 2026. Of these, 44,930 units were earned as base performance units and 3,444 units as dividend accrual units. Half vested immediately and the remaining half vest on January 12, 2027, subject to continued employment, with an additional one-year transfer restriction after each vesting date.
Vornado Realty Trust’s president and CFO, Michael J. Franco, reported an award of 52,198 LTIP Units on February 5, 2026. These long-term incentive partnership units in Vornado Realty L.P. were earned under the company’s 2023 Long Term Performance Plan based on relative total shareholder return and dividend-related metrics.
The award consists of base LTIP Units and additional units accrued for dividends. Half of each portion vested when earned, while the remaining half is scheduled to vest on January 12, 2027, subject to continued employment and one-year post‑vesting transfer and redemption restrictions.
Vornado Realty Trust chairman and CEO Steven Roth reported an award of 172,249 LTIP Units of Vornado Realty L.P. on February 5, 2026, at a price of $0 per unit, bringing his beneficially owned derivative LTIP Units to 326,403.
These LTIP Units were issued under the company’s 2023 Long Term Performance Plan, earned based on multi-year total shareholder return versus peer indices and associated dividend accruals. Half vested when earned and the remainder vest on January 12, 2027, subject to continued employment and three-year transfer and redemption restrictions after each vesting date.