VNO · CIK 899689
What Vornado Realty Trust told the SEC could break it.
1 self-disclosed vulnerability, pulled from its own filings — each in the company’s words, with the source. This is the risk register almost nobody reads.
A limited set so far — we surface every cited disclosure we’ve extracted for VNO. More may follow as additional filings are processed.
In its own words
What could break it.
Geographic concentration
- New York metropolitan area (~88% of NOI)medium
Approximately 88% of 2025 NOI comes from properties in the New York metropolitan area, concentrating the portfolio in a single regional economy and real-estate cycle.
“In 2025, approximately 88% of our NOI is from properties located in the New York metropolitan area.”
SEC filing →As of 2026
The hidden graph
Who it depends on, and who depends on it.
Relationships surfaced from filings — including ones disclosed by the other side, which is how the non-obvious ones come to light.
Its customers
“We pay Vornado an annual management fee equal to the sum of (i) $ 2,800,000 , (ii) 2 % of gross revenue from the Rego Park II shopping center, (iii) $ 0.50 per square foot of the tenant-occupied office and retail space at 731 Lexington Avenue, and (iv) $ 387,000 , escalating at 3 % per annum, for managing the common area of 731 Lexington Avenue.”
Cited →
In the MyPRIA app, this is checked against the companies you actually own.
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