Resolution Capital Bets on Vornado Realty Trust's Urban Portfolio With $168 Million Buy

Core Viewpoint - Resolution Capital Ltd has significantly increased its investment in Vornado Realty Trust, acquiring over 4 million shares valued at approximately $168.53 million, indicating a strong belief in the company's potential despite recent underperformance [1][2][9]. Investment Activity - Resolution Capital purchased 4,084,815 shares of Vornado Realty Trust in Q3 2025, raising its total holdings to 5,380,978 shares, valued at $218.09 million as of September 30, 2025 [2]. - This acquisition represents 4.24% of Resolution Capital's $5.14 billion in reportable U.S. equity assets [2][3]. Company Performance - As of December 5, 2025, Vornado Realty Trust shares were priced at $34.82, reflecting a decline of 22.75% over the past year and underperforming the S&P 500 by 37.22 percentage points [3]. - The shares are currently 23.24% below their 52-week high [3]. Financial Metrics - Vornado Realty Trust reported a trailing twelve-month (TTM) revenue of $1.82 billion and a net income of $938.05 million [4]. - The company offers a dividend yield of 2.12% [4]. Company Overview - Vornado Realty Trust is a prominent office-focused REIT with a strong presence in New York City and other major U.S. cities, emphasizing sustainability and energy-efficient properties [5][8]. - The company manages a portfolio of over 23 million square feet of LEED-certified office buildings, leasing to a diverse mix of tenants in urban markets [8].