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.
Vornado Realty Trust director reported updated holdings of the company’s common shares and deferred compensation units. Following recent activity, a revocable trust for the reporting person holds 38,421.069 common shares indirectly. This total includes 13,455.069 common shares acquired through participation in Vornado’s Amended and Restated Dividend Reinvestment Plan, where dividends are used to buy additional shares.
Separately, the director acquired 156 phantom units on 12/30/2025 at a reference price of $33.63 per unit, bringing total phantom units beneficially owned to 3,452. These phantom units are interests in the Vornado Realty Trust Nonqualified Deferred Compensation Plan and are valued by reference to the company’s common shares. They will be paid to the director in cash or shares at a future distribution date under the plan’s terms.
Vornado Realty Trust furnished an 8-K announcing it issued a press release with financial results for the third quarter of 2025. The release and related supplemental operating and financial data are provided as Exhibits 99.1 and 99.2 and are incorporated by reference.
The Company states that Exhibits 99.1 and 99.2 are being furnished, not filed, under the Exchange Act’s Section 18. The supplemental data is also available on the Company’s website. The filing lists the Company’s common and preferred share listings on the New York Stock Exchange and includes the required signatures dated November 3, 2025.
Vornado Realty Trust reported a return to profitability in Q3 2025. Total revenues were $453.7 million, up slightly from $443.3 million a year ago, as rental revenue held at $389.1 million and fee and other income rose to $64.6 million. Net income was $19.2 million versus a loss of $19.5 million last year, and net income attributable to common shareholders was $11.6 million, or $0.06 per diluted share, compared with a loss of $0.10 per share.
Year-to-date, net income reached $932.3 million, benefiting from an $803.2 million gain on a sales-type lease and a $901.4 million prepaid lease payment recorded in operating cash flows. Operating cash flow was $1.11 billion, while financing cash flow reflected $1.90 billion of debt repayments and $835.4 million of new borrowings.
The balance sheet strengthened: mortgages payable declined to $4.92 billion from $5.68 billion, senior unsecured notes fell to $746.9 million from $1.20 billion, and cash increased to $1.01 billion from $733.9 million. Total liabilities decreased to $8.73 billion, and total equity rose to $6.24 billion. Common shares outstanding were 192,054,832 as of September 30, 2025.