Vornado Realty Trust Management
Management criteria checks 2/4
Vornado Realty Trust's CEO is Steve Roth, appointed in Apr 2013, has a tenure of 11.67 years. total yearly compensation is $26.84M, comprised of 3.7% salary and 96.3% bonuses, including company stock and options. directly owns 1.65% of the company’s shares, worth $146.70M. The average tenure of the management team and the board of directors is 5.7 years and 15.1 years respectively.
Key information
Steve Roth
Chief executive officer
US$26.8m
Total compensation
| CEO salary percentage | 3.7% |
| CEO tenure | 11.7yrs |
| CEO ownership | 1.7% |
| Management average tenure | 5.7yrs |
| Board average tenure | 15.1yrs |
Recent management updates
Recent updates
Vornado Realty Trust: Manhattan Is The Best Office Real Estate Market In America, Preferreds Should Rally
Nov 13Vornado: A Full Recovery Is Priced In
Nov 06Vornado Realty Trust: My Largest Preferred Position Is The Series O
Aug 15Vornado Realty Trust: An 8.5% Yield For 52 Cents With The Series O Preferreds
Jun 07Vornado Realty Trust Q1 Earnings: Management Is Excited, But There Is Reason To Be Cautious
May 16Vornado Realty: I'm Still Buying The Preferreds
Apr 01Vornado Realty: I Backed Up The Truck Ahead Of Earnings
Jan 21Vornado: Valuation Normalized (Downgrade To Hold)
Jan 13Vornado: Q3 Results Point To A Steady Decline, Leaving Shares Unappealing
Oct 31New York Office Risks Remain, But Vornado Is Appropriately Discounted
Oct 11Vornado Realty's 8.7% Yielding Preferreds For 60 Cents On The Dollar
Sep 01Vornado: Exceptional Results Vs. The Exceptional Debt Load
Aug 01Vornado Realty Has Steam Heading Into Earnings After The SL Green News
Jul 10Vornado: Landmark Transaction May Re-Rate Office REITs Higher
Jun 27Vornado Realty Is Besieged On All Sides
May 30Vornado Realty Trust Q4 Earnings Preview
Feb 12Vornado Realty Trust expects $600M non-cash impairment charges in Q4
Jan 31Vornado Realty: Avoid The Dividend Cut With The 8.6% Preferreds
Dec 28Vornado: Expect A Dividend Cut
Dec 12Vornado: Upside Could Offset Any Correction In The Dividend Payout
Nov 04Vornado Realty Trust's Balance Sheet Adds To Office Woes
Oct 25You Say Vornado, I Say Vornado
Aug 31Vornado Realty Trust: Deal-Making Opportunities Are Brewing
Aug 03Vornado Realty Trust declares $0.53 dividend
Jul 28Vornado Realty Trust completes sale of a New York office building for $172.8M
Jul 05Vornado Realty Trust: Over 6% Dividend Yield On Premier NYC Properties
May 24Vornado Realty Trust: The 5.7-5.8% Yielding Preferred Shares Are Attractive
Mar 28CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$54m |
| Jun 30 2024 | n/a | n/a | US$18m |
| Mar 31 2024 | n/a | n/a | US$29m |
| Dec 31 2023 | US$27m | US$1m | US$43m |
| Sep 30 2023 | n/a | n/a | -US$389m |
| Jun 30 2023 | n/a | n/a | -US$434m |
| Mar 31 2023 | n/a | n/a | -US$430m |
| Dec 31 2022 | US$10m | US$822k | -US$409m |
| Sep 30 2022 | n/a | n/a | US$96m |
| Jun 30 2022 | n/a | n/a | US$126m |
| Mar 31 2022 | n/a | n/a | US$123m |
| Dec 31 2021 | US$10m | US$825k | US$101m |
| Sep 30 2021 | n/a | n/a | -US$119m |
| Jun 30 2021 | n/a | n/a | -US$104m |
| Mar 31 2021 | n/a | n/a | -US$350m |
| Dec 31 2020 | US$11m | US$544k | -US$349m |
| Sep 30 2020 | n/a | n/a | US$53m |
| Jun 30 2020 | n/a | n/a | US$323m |
| Mar 31 2020 | n/a | n/a | US$3b |
| Dec 31 2019 | US$11m | US$880k | US$3b |
| Sep 30 2019 | n/a | n/a | US$3b |
| Jun 30 2019 | n/a | n/a | US$3b |
| Mar 31 2019 | n/a | n/a | US$583m |
| Dec 31 2018 | US$12m | US$1m | US$384m |
| Sep 30 2018 | n/a | n/a | US$310m |
| Jun 30 2018 | n/a | n/a | US$138m |
| Mar 31 2018 | n/a | n/a | US$125m |
| Dec 31 2017 | US$11m | US$1m | US$175m |
Compensation vs Market: Steve's total compensation ($USD26.84M) is above average for companies of similar size in the US market ($USD7.78M).
Compensation vs Earnings: Steve's compensation has increased whilst the company is unprofitable.
CEO
Steve Roth (82 yo)
11.7yrs
Tenure
US$26,843,514
Compensation
Mr. Steven Roth, also known as Steve, has been the Chairman Emeritus at JBG SMITH Properties since May 13, 2021. He has been the Chairman of the Board and Chief Executive Officer at Vornado Realty Trust, G...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board & CEO | 11.7yrs | US$26.84m | 1.65% $ 146.7m | |
| President & CFO | 5.7yrs | US$17.24m | 0.12% $ 10.4m | |
| Executive VP of Office Leasing & Co-Head of Real Estate | 17.9yrs | US$14.81m | 0.033% $ 2.9m | |
| Executive VP of Development & Co-Head of Real Estate | 9.6yrs | US$14.21m | 0.015% $ 1.3m | |
| Executive VP & Head of Retail | 5.7yrs | US$9.44m | 0.20% $ 18.2m | |
| Senior Vice President of Operations | no data | no data | no data | |
| Senior VP & Chief Accounting Officer | 3.1yrs | no data | no data | |
| Chief Information Officer & Executive VP | 19.3yrs | no data | no data | |
| Executive VP of Finance & Chief Administrative Officer | 4yrs | no data | no data | |
| Director of Investor Relations | no data | no data | no data | |
| Senior VP | no data | no data | no data | |
| Executive VP and Head of Tax & Compliance | 2.9yrs | no data | no data |
5.7yrs
Average Tenure
53.5yo
Average Age
Experienced Management: VNO's management team is seasoned and experienced (5.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board & CEO | 45.9yrs | US$26.84m | 1.65% $ 146.7m | |
| Independent Trustee | 5.9yrs | US$222.55k | 0.0080% $ 707.2k | |
| Independent Trustee | 45.9yrs | US$212.55k | 0.21% $ 18.6m | |
| Independent Trustee | 45.9yrs | US$212.55k | 1.22% $ 107.9m | |
| Trustee | 28yrs | US$421.70k | 0.69% $ 61.2m | |
| Independent Trustee | 8yrs | US$267.55k | 0% $ 0 | |
| Independent Director | 2.8yrs | US$217.02k | 0% $ 0 | |
| Lead Independent Trustee | 17.3yrs | US$317.55k | 0.018% $ 1.6m | |
| Independent Trustee | 12.9yrs | US$267.55k | 0.029% $ 2.6m | |
| Independent Trustee | 4.8yrs | US$242.55k | 0% $ 0 |
15.1yrs
Average Tenure
70yo
Average Age
Experienced Board: VNO's board of directors are seasoned and experienced ( 15.1 years average tenure).