Vornado Realty Trust is a fully-integrated REIT operating through Vornado Realty L.P., focusing on premier office and high street retail properties in New York City. Its New York segment includes 26.7 million square feet across 60 properties, with 20.4 million square feet of Manhattan office space, 2.4 million square feet of Manhattan street retail, 1,662 residential units, and a 32.4% interest in Alexander's properties. It also includes nine garages totaling 1.6 million square feet. Additionally, its Real Estate and Investments segment features THE MART in Chicago and a three-building office complex in San Francisco. We show 63 historical shares outstanding datapoints in our VNO shares outstanding history coverage, used to compute VNO market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing VNO market cap history over the course of time is important for investors
interested in comparing VNO's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of VNO versus a peer is one thing; comparing
VNO market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like VNO can fluctuate over the course of history.
With this page we aim to empower investors researching VNO by allowing them to research the VNO market cap history. |
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Video: The Importance of Market Cap
