Risk factors
Vornado Realty Trust (VNO) risk factors
Item 1A of every Vornado Realty Trust 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors42 risks1 new4 reworded
The filing adds website disclosures and updates climate change regulations and ground lease litigation risks.
Filed Feb 09, 2026 - FY2024 10-K risk factors41 risks
Office real estate trends and work from home severely impact net operating income, with 76% derived from offices. New York metropolitan concentration creates extreme geographic exposure, accounting for 89% of net operating income. Substantial debt of $8.3 billion exposes the company to tightening capital markets and refinancing risks.
Filed Feb 10, 2025