ADDED
by persons other than officers and trustees of Vornado Realty Trust, was $ 6,833,930,000 at June 30, 2025.
As of December 31, 2025, there were 190,666,367 common shares of beneficial interest outstanding of Vornado Realty Trust.
by persons other than Vornado Realty Trust and its officers and trustees, was $ 403,978,000 as of June 30, 2025.
Vornado is the sole general partner of and owned approximately 91.3% of the common limited partnership interest in the Operating Partnership as of December 31, 2025.
We currently own all or portions of: New York: 51 Manhattan operating properties consisting of: 19.2 million square feet of office space in 26 of the properties; 2.3 million square feet of street retail space in 45 of the properties; 1,331 units in two Manhattan residential properties; Multiple development sites and redevelopment projects, including 350 Park Avenue, Sunset Pier 94 Studios, 623 Fifth Avenue, the Hotel Pennsylvania site (PENN 15) and other PENN district sites; A 32.4% interest in Alexander s, Inc.
We expect to finance our growth from acquisitions, developments, redevelopments and investments using internally generated funds and proceeds from asset sales and by accessing the public and private capital markets.
ACQUISITIONS We completed the following acquisition transactions during 2025: $218 million acquisition of the 623 Fifth Avenue office condominium, a 36-story, 383,000 square foot building; $35 million A-Note investment at par plus accrued interest, secured by 3 East 54th Street (we subsequently purchased the property in January 2026).
DISPOSITIONS We completed the following sale transactions during 2025: $350 million sale to UNIQLO of the portion of its U.S.
The development cost of this project is estimated to be $750,000,000, of which $724,843,000 of cash has been expended as of December 31, 2025.
The development cost of these improvements is estimated to be $100,000,000, of which $80,196,000 of cash has been expended as of December 31, 2025.
REMOVED
by persons other than officers and trustees of Vornado Realty Trust, was $ 4,651,296,000 at June 30, 2024.
As of December 31, 2024, there were 190,846,580 common shares of beneficial interest outstanding of Vornado Realty Trust.
by persons other than Vornado Realty Trust and its officers and trustees, was $ 317,537,000 as of June 30, 2024.
Vornado is the sole general partner of and owned approximately 91.4% of the common limited partnership interest in the Operating Partnership as of December 31, 2024.
We currently own all or portions of: New York: 56 Manhattan operating properties consisting of: 20.1 million square feet of office space in 30 of the properties; 2.4 million square feet of street retail space in 49 of the properties; 1,330 units in two Manhattan residential properties; Multiple development sites, including 350 Park Avenue, Sunset Pier 94 Studios, the Hotel Pennsylvania site (PENN 15) and other PENN district sites; A 32.4% interest in Alexander s, Inc.
We expect to finance our growth, acquisitions and investments using internally generated funds and proceeds from asset sales and by accessing the public and private capital markets.
ACQUISITIONS We completed the following acquisition transaction during 2024: $50 million B-Note investment at par; which is in default and secured by a Midtown Manhattan property.
DISPOSITIONS We completed the following sale transactions during 2024: $88 million for the sale of our 49.9% interest in 50-70 West 93rd Street with net proceeds of $2 million after deducting our share of the existing $84 million mortgage loan; and $32 million net proceeds from the sale of two condominium units at 220 Central Park South ( 220 CPS ).
The development cost of this project is estimated to be $750,000,000, of which $697,451,000 of cash has been expended as of December 31, 2024.
The development cost of these improvements is estimated to be $100,000,000, of which $70,919,000 of cash has been expended as of December 31, 2024.