Vornado Realty SEC Filings

Fascitelli Michael D reported acquisition or exercise transactions in this Form 4 filing.

Vornado Realty Trust director Michael D. Fascitelli received a grant of 7,168 restricted units on May 21, 2026. These restricted units of Vornado Realty L.P. vest immediately and are convertible after certain events into an equal number of Class A Units of the operating partnership.

Class A Units are redeemable by the holder for cash or, at the company’s election, for common shares of beneficial interest on a one-for-one basis. The restricted units, and any common shares received upon redemption, generally cannot be transferred while Fascitelli serves on the Board of Trustees.

Vornado Realty Trust chairman and CEO Steven Roth reported a bona fide gift of 26,428 Common Shares held in a 2024 grantor retained annuity trust, which were transferred to a trust for the benefit of his family. After this transfer, that 2024 GRAT held no Vornado shares.

The filing also updates Roth’s indirect ownership across several entities, including a New Jersey general partnership where he is managing general partner, a limited liability company he solely manages and controls, his spouse, a 2025 grantor retained annuity trust, and a charitable foundation over which he holds sole voting and investment power but for which he disclaims pecuniary interest.

VORNADO REALTY TRUST disclosure: Norges Bank reports beneficial ownership of 14,709,182 shares of Common Stock, representing 7.7146% as of 03/31/2026. The filing is an amendment to a Schedule 13G (Amendment No. 6) and is signed on 05/11/2026. The statement notes that certain shares are invested on behalf of the Government of Norway.

Vornado Realty Trust executive Haim Chera converted partnership units into common shares, increasing his direct share holdings. On May 6, 2026, the EVP – Head of Retail 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.

Following the conversion, he directly holds 200,000 Common Shares and 148,913 Class A Units. This was a conversion of a derivative security, not an open‑market stock purchase or sale, and reflects a shift from partnership units into the company’s common equity.

Vornado Realty Trust reported weaker first quarter 2026 results, swinging to a net loss and lower cash flow from operations. Net loss attributable to common shareholders was $22.8 million, or $(0.12) per diluted share, versus net income of $86.8 million, or $0.43, a year earlier. Funds From Operations (FFO) attributable to common shareholders plus assumed conversions fell to $96.3 million, or $0.49 per diluted share, from $135.0 million, or $0.67. FFO, as adjusted, declined to $103.1 million, or $0.52 per diluted share, from $126.2 million, or $0.63, primarily reflecting higher net interest expense and the absence of a prior-period ground rent reversal.

The company remained active on capital allocation, repurchasing 2.75 million common shares for $79.8 million and authorizing a new $300 million repurchase program. Vornado agreed to acquire a 49% interest in Park Avenue Plaza at a $1.1 billion valuation and closed the $141 million purchase of 3 East 54th Street. It refinanced multiple Manhattan assets, issued $500 million of 5.75% senior notes due 2033, extended and upsized revolving credit facilities and an unsecured term loan, and reported total liquidity of $2.6 billion. Same store NOI at share increased 6.1% year over year, though cash-basis same store NOI at share declined 2.9%, with particular pressure at 555 California Street.

Vornado Realty Trust — Vanguard Portfolio Management reported beneficial ownership of 14,658,393 shares of common stock, representing 7.68% of the class as of 03/31/2026. The filing shows Vanguard Portfolio Management has sole dispositive power over 14,658,393 shares and sole voting power for 21,355 shares. The Schedule 13G is signed by Ashley Grim on 04/29/2026.

Franklin Resources, Inc. filed an amendment to a Schedule 13G reporting 13,159,589 common shares of Vornado Realty Trust, equal to 6.9% of the class as of the quarter ended 03/31/2026. The filing states that Franklin aggregated previously disaggregated holdings from Franklin Mutual Advisers and Brandywine Global after an internal realignment. Putnam Investment Management, LLC is also listed with 9,961,330 shares (5.2%) reported in the statement.

Vornado Realty Trust filed an update announcing its 2025 Sustainability Report, highlighting long-running environmental and ESG initiatives across its New York, Chicago, and San Francisco portfolios. The report focuses on energy efficiency, greenhouse gas reductions, certifications, waste diversion, water use, and tenant engagement.

Vornado reports a 42% reduction in landlord-controlled energy consumption in its in-service office portfolio versus a 2009 baseline, progressing toward a 50% cut by 2030. It has also reduced Scope 1 and Scope 2 market-based emissions by 58% from 2019, supported by renewable energy procurement and operational optimization.

The portfolio maintains 100% LEED certification across in-service managed office buildings and achieved 100% WELL Health-Safety certification. In 2025, more than 12.7 million square feet were ENERGY STAR certified, including ten properties with ENERGY STAR NextGen status, signaling strong ongoing performance.

Vornado reports a 56% waste diversion rate, including 2,563 metric tons of organic waste diverted from landfill, and targets 75% diversion by 2030. The company also emphasizes tenant education across more than 15 million square feet and describes district-level initiatives such as THE PENN DISTRICT’s transit-oriented redevelopment and new amenities like The Meadow at 1290 Avenue of the Americas.

Vornado Realty Trust is asking shareholders to vote at its virtual 2026 Annual Meeting on May 21, 2026. The agenda includes electing 10 trustees, ratifying Deloitte & Touche LLP as auditor, a non-binding advisory vote on executive compensation, and approval of a 2026 Omnibus Share Plan.

The company highlights a focused New York City Class A office and retail strategy, with 2025 activity including 4.7 million square feet of leasing, a $1.4 billion mortgage refinancing, and a $350 million retail sale. It also emphasizes 100% LEED certification across its certifiable portfolio and multiple sustainability awards.

Governance features include an 80% independent board, a powerful Lead Independent Trustee, robust shareholder engagement, proxy access, no poison pill, and strong stock ownership guidelines. Executive pay is framed as pay-for-performance, with 629,217 Long-Term Performance Plan units earned (about 98% of the 640,900-unit maximum) based on operational and relative TSR metrics.