The Genius’s Stock Market Newsletter

The Genius’s Stock Market Newsletter

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The Genius’s Stock Market Newsletter
The Genius’s Stock Market Newsletter
Observational Notes On Vornado Realty Trust (VNO)

Observational Notes On Vornado Realty Trust (VNO)

Owen Ivanhoe Lopes Bernard II's avatar
Owen Ivanhoe Lopes Bernard II
Aug 12, 2013
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The Genius’s Stock Market Newsletter
The Genius’s Stock Market Newsletter
Observational Notes On Vornado Realty Trust (VNO)
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Journal Entry: 12 Aug 2013


Vornado Realty Trust Capitalization Rate
in millions except shares outstanding

Closing price: $83.46

Shares Outstanding: 186,991,076
market value of equity: $15,606.27
Debt, fair value: $10,024.74
Cash & Equivalents: $2,369.18
Enterprise Value: $23,261.83

EBITDA less CapEx: $2,010.91

Pre-tax Cap Rate: 8.64%

From the 2Q 2013 earnings call:

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