Vornado Realty Trust

OTCPK:VNOR.P Stock Report

Market Cap: US$8.2b

Vornado Realty Trust Management

Management criteria checks 4/4

Vornado Realty Trust's CEO is Steve Roth, appointed in Apr 2013, has a tenure of 12.08 years. total yearly compensation is $2.86M, comprised of 35% salary and 65% bonuses, including company stock and options. directly owns 1.64% of the company’s shares, worth $134.40M. The average tenure of the management team and the board of directors is 6.1 years and 15.5 years respectively.

Key information

Steve Roth

Chief executive officer

US$2.9m

Total compensation

CEO salary percentage35.00%
CEO tenure12.1yrs
CEO ownership1.6%
Management average tenure6.1yrs
Board average tenure15.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Steve Roth's remuneration changed compared to Vornado Realty Trust's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2025n/an/a

US$104m

Dec 31 2024US$3mUS$1m

US$8m

Sep 30 2024n/an/a

-US$54m

Jun 30 2024n/an/a

US$18m

Mar 31 2024n/an/a

US$29m

Dec 31 2023US$27mUS$1m

US$43m

Sep 30 2023n/an/a

-US$389m

Jun 30 2023n/an/a

-US$434m

Mar 31 2023n/an/a

-US$430m

Dec 31 2022US$10mUS$822k

-US$409m

Sep 30 2022n/an/a

US$96m

Jun 30 2022n/an/a

US$126m

Mar 31 2022n/an/a

US$123m

Dec 31 2021US$10mUS$825k

US$101m

Sep 30 2021n/an/a

-US$119m

Jun 30 2021n/an/a

-US$104m

Mar 31 2021n/an/a

-US$350m

Dec 31 2020US$11mUS$544k

-US$349m

Sep 30 2020n/an/a

US$53m

Jun 30 2020n/an/a

US$323m

Mar 31 2020n/an/a

US$3b

Dec 31 2019US$11mUS$880k

US$3b

Sep 30 2019n/an/a

US$3b

Jun 30 2019n/an/a

US$3b

Mar 31 2019n/an/a

US$583m

Dec 31 2018US$12mUS$1m

US$384m

Compensation vs Market: Steve's total compensation ($USD2.86M) is below average for companies of similar size in the US market ($USD8.54M).

Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.

CEO

Steve Roth (82 yo)

12.1yrs
Tenure
US$2,856,837
Compensation

Mr. Steven Roth, also known as Steve, had 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

NamePositionTenureCompensationOwnership
Steven Roth
Chairman of the Board & CEO12.1yrsUS$2.86m1.64%
$ 134.4m
Michael Franco
President & CFO6.1yrsUS$2.55m0.12%
$ 9.5m
Glen Weiss
Executive VP of Office Leasing & Co-Head of Real Estate18.3yrsUS$2.85m0.032%
$ 2.7m
Barry Langer
Executive VP of Development & Co-Head of Real Estate10yrsUS$2.53m0.015%
$ 1.2m
Haim Chera
Executive VP & Head of Retail6.1yrsUS$3.00m0.026%
$ 2.1m
Robert Larson
Senior Vice President of Operationsno datano datano data
Deirdre Maddock
Senior VP & Chief Accounting Officer3.5yrsno datano data
Robert Entin
Chief Information Officer & Executive VP19.7yrsno datano data
Thomas Sanelli
Executive VP of Finance & Chief Administrative Officer4.4yrsno datano data
Catherine Creswell
Director of Investor Relationsno datano datano data
Steven Borenstein
Executive VPno datano datano data
Frank Maiorano
Executive VP and Head of Tax & Compliance3.3yrsno datano data
6.1yrs
Average Tenure
54yo
Average Age

Experienced Management: VNOR.P's management team is seasoned and experienced (6.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Steven Roth
Chairman of the Board & CEO46.3yrsUS$2.86m1.64%
$ 134.4m
William Helman
Independent Trustee6.3yrsUS$223.08k0.0079%
$ 648.3k
David Mandelbaum
Independent Trustee46.3yrsUS$213.08k1.79%
$ 146.3m
Russell Wight
Independent Trustee46.3yrsUS$213.08k1.21%
$ 98.8m
Michael Fascitelli
Trustee28.4yrsUS$422.47k0.68%
$ 56.1m
Mandakini Puri
Independent Trustee8.4yrsUS$268.08k0%
$ 0
Raymond McGuire
Independent Director3.2yrsUS$218.08k0%
$ 0
Candace Beinecke
Lead Independent Trustee17.7yrsUS$318.08k0.020%
$ 1.6m
Daniel Tisch
Independent Trustee13.3yrsUS$268.08k0.029%
$ 2.3m
Beatrice Hamza-Bassey
Independent Trustee5.2yrsUS$243.08k0%
$ 0
15.5yrs
Average Tenure
70yo
Average Age

Experienced Board: VNOR.P's board of directors are seasoned and experienced ( 15.5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/20 09:30
End of Day Share Price 2025/04/14 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Vornado Realty Trust is covered by 30 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jacob KilsteinArgus Research Company
Ross SmotrichBarclays
Brendan LynchBarclays