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Vornado Realty Trust VNO Stock Quote

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Morningstar‘s Stock Analysis VNO

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Is it the right time to buy or sell?
Is it the right time to buy or sell?

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5-Star Price

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Economic Moat

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Capital Allocation

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Interest Rates, Not Inflation, Drive the Relative Performance of the REIT Sector

Kevin Brown, CFA Senior Analyst

Analyst Note

| Kevin Brown, CFA |

With the United States experiencing historically high inflation growth, many investors are wondering if real estate provides a natural hedge against inflation and if the REIT sector should therefore outperform the broader equity market. Many REITs in our coverage have reported rent and revenue growth at or near historic peaks over the past several quarters, with inflation being one of the largest reasons for the high growth. Given this and some historical evidence that REITs outperformed in the 1970s and early 1980s when inflation was similarly high, some investors are questioning why REITs have not outperformed in 2022.

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Key Statistics VNO

Company Profile VNO

Business Description

Vornado owns and has an ownership interest in Class A office and retail properties highly concentrated in Manhattan, with additional properties in San Francisco and Chicago. It operates as a real estate investment trust.

Contact
888 Seventh Avenue
New York, NY, 10019
T +1 212 894-7000
Industry REIT - Office
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 3,224

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