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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