Vornado Realty Trust
-1.02 %
60.69 %
Yet to be announced
Company Overview
Vornado's portfolio is concentrated in the nation's key market, New York City. The company owns and manages over 23 million square feet of LEED certified buildings.
Revenue Sources
PassBased on the financial data and SEC filings, Vornado's primary revenue streams come from office and retail property leasing and management, which are halal business activities. The company does not derive significant revenue from prohibited activities like gambling, alcohol, or other haram sources.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| March 31, 2025 | $374.02m | $95.82m | $-88,000,000.0 | $95.82m | 23.41% | 100.00% |
| Dec. 31, 2024 | $368.65m | $100.48m | $-89,000,000.0 | $100.48m | 24.18% | 100.00% |
| Sept. 30, 2024 | $354.74m | $100.91m | $-89,000,000.0 | $100.91m | 24.95% | 100.00% |
| June 30, 2024 | $362.38m | $98.4m | $-88,000,000.0 | $98.4m | 24.25% | 100.00% |
Analyzing the last four quarters of financial data, the interest expense ratios show a consistent pattern of material interest in the company's operations. The interest expense to total expense ratios consistently exceed the 5% threshold across all quarters. This indicates that interest plays a material role in the company's business model, which is typical for REITs due to their leveraged nature.
Operational Ethics
PassBased on available information from SEC filings and company reports, there is no evidence of significant ongoing associations with entities involved in human rights violations such as the state of Israel or the Chinese Communist Party.
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