Michael Franco - Vornado Realty Chief Investment Officer and Executive VP
| VNO Stock | USD 42.42 1.00 2.41% |
EVP
Mr. Michael J. Franco is President of the Company. He is Executive Vice President Chief Investment Officer since April 2015 Executive Vice President Head of Acquisitions and Capital Markets since November 2010 Managing Director and Executive Director of the Real Estate Investing Group of Morgan Stanley. since 2020.
| Age | 55 |
| Tenure | 4 years |
| Address | 888 Seventh Avenue, New York, NY, United States, 10019-4499 |
| Phone | 212 894 7000 |
| Web | https://www.vno.com |
Vornado Realty Management Efficiency
The company has Return on Asset of 0.0137 % which means that on every $100 spent on assets, it made $0.0137 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (0.0135) %, meaning that it generated no profit with money invested by stockholders. Vornado Realty's management efficiency ratios could be used to measure how well Vornado Realty manages its routine affairs as well as how well it operates its assets and liabilities. As of the 25th of November 2024, Return On Capital Employed is likely to grow to 0.07, while Return On Tangible Assets are likely to drop 0.01. At this time, Vornado Realty's Debt To Assets are very stable compared to the past year. As of the 25th of November 2024, Fixed Asset Turnover is likely to grow to 2.80, while Total Assets are likely to drop about 13.6 B.Similar Executives
| Found 2 records | EVP Age | ||
| Theodore Klinck | Highwoods Properties | 58 | |
| Lauren Stadler | Kilroy Realty Corp | N/A | |
Management Performance
| Return On Equity | -0.0135 | ||||
| Return On Asset | 0.0137 |
Vornado Realty Trust Leadership Team
Elected by the shareholders, the Vornado Realty's board of directors comprises two types of representatives: Vornado Realty inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Vornado. The board's role is to monitor Vornado Realty's management team and ensure that shareholders' interests are well served. Vornado Realty's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Vornado Realty's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jan LaChapelle, Executive Vice President - Head of Capital Markets | ||
| Catherine Creswell, Director Relations | ||
| Candace Beinecke, Lead Independent Trustee | ||
| Matthew Iocco, Executive Vice President, Chief Accounting Officer, Principal Accounting Officer | ||
| Robert Entin, Chief VP | ||
| Deirdre Maddock, Senior Vice President Chief Accounting Officer | ||
| Daniel Tisch, Independent Trustee | ||
| Steven Roth, Chairman of the Board of Trustees, Chief Executive Officer | ||
| Hamza Bassey, Independent Trustee | ||
| Joseph Macnow, Chief Financial Officer, Executive Vice President, Chief Administrative Officer | ||
| Richard West, Independent Trustee | ||
| Steven Borenstein, Corporation VP | ||
| Beatrice Bassey, Independent Trustee | ||
| David Greenbaum, President of New York Division | ||
| Michael Franco, Chief Investment Officer and Executive VP | ||
| Thomas Sanelli, Executive Vice President - Finance, Chief Administrative Officer | ||
| David Mandelbaum, Independent Trustee | ||
| Barry Langer, Executive Vice President - Development - Co-Head of Real Estate | ||
| William Helman, Independent Trustee | ||
| Raymond Mcguire, Independent Trustee | ||
| Haim Chera, Executive Vice President - Head of Retail | ||
| Robert Larson, Senior Operations | ||
| Russell Wight, Lead Independent Trustee | ||
| Glen Weiss, Executive Vice President - Office Leasing Co-Head of Real Estate | ||
| Michael Fascitelli, Independent Trustee | ||
| Mandakini Puri, Independent Director |
Vornado Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Vornado Realty a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | -0.0135 | ||||
| Return On Asset | 0.0137 | ||||
| Profit Margin | 0 % | ||||
| Operating Margin | 0.16 % | ||||
| Current Valuation | 17.47 B | ||||
| Shares Outstanding | 190.65 M | ||||
| Shares Owned By Insiders | 8.10 % | ||||
| Shares Owned By Institutions | 92.23 % | ||||
| Number Of Shares Shorted | 13.29 M | ||||
| Price To Earning | 35.20 X |
Pair Trading with Vornado Realty
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Vornado Realty position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Vornado Realty will appreciate offsetting losses from the drop in the long position's value.Moving together with Vornado Stock
Moving against Vornado Stock
| 0.78 | RC | Ready Capital Corp | PairCorr |
| 0.73 | AHT-PH | Ashford Hospitality Trust | PairCorr |
| 0.69 | FR | First Industrial Realty | PairCorr |
| 0.67 | UK | Ucommune International | PairCorr |
| 0.54 | HPP | Hudson Pacific Properties Buyout Trend | PairCorr |
The ability to find closely correlated positions to Vornado Realty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vornado Realty when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Vornado Realty - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Vornado Realty Trust to buy it.
The correlation of Vornado Realty is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vornado Realty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vornado Realty Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Vornado Realty can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vornado Realty Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Is Diversified REITs space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Vornado Realty. If investors know Vornado will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Vornado Realty listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.25) | Dividend Share 0.3 | Earnings Share (0.28) | Revenue Per Share 9.825 | Quarterly Revenue Growth (0.02) |
The market value of Vornado Realty Trust is measured differently than its book value, which is the value of Vornado that is recorded on the company's balance sheet. Investors also form their own opinion of Vornado Realty's value that differs from its market value or its book value, called intrinsic value, which is Vornado Realty's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Vornado Realty's market value can be influenced by many factors that don't directly affect Vornado Realty's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Vornado Realty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vornado Realty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vornado Realty's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.