This REIT Stock Is Still Down 60% — and One Investor Just Sold Out Completely

1 week ago 10

Jonathan Ponciano, The Motley Fool

Mon, December 8, 2025 astatine 5:50 AM CST 5 min read

New York City-based HGI Capital Management reduced its presumption successful Vornado Realty Trust by 88,686 shares during the 3rd quarter.
The estimated nett presumption alteration was astir $3.4 million.
The determination marked an exit for HGI, which reported holding nary Vornado shares astatine quarter-end; the presumption was antecedently 4.7% of the fund’s AUM.
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New York City-based HGI Capital Management sold retired its full presumption successful Vornado Realty Trust (NYSE:VNO), reducing holdings by 88,686 shares successful an estimated $3.4 cardinal change, according to a November 14 SEC filing.

According to a filing with the Securities and Exchange Commission dated November 14, HGI Capital Management, LLC exited its involvement successful Vornado Realty Trust (NYSE:VNO), selling its full holding of 88,686 shares during the 3rd quarter. The transaction’s worth was an estimated $3.4 million. The determination occurred arsenic the money reported a 51% quarter-over-quarter diminution successful full reportable assets.

Top holdings aft the filing:

NASDAQ: EQIX: $2.4 cardinal (6.6% of AUM)
NYSE: CBRE: $2.3 cardinal (6.3% of AUM)
NYSE: FR: $2 cardinal (5.6% of AUM)
NYSE: DLR: $2 cardinal (5.5% of AUM)
NYSE: HD: $2 cardinal (5.5% of AUM)

As of Friday, shares of Vornado Realty Trust were priced astatine $34.82, down 20% implicit the past twelvemonth and acold underperforming the S&P 500, which is up 13% successful the aforesaid period.

Metric

Value

Price (as of marketplace adjacent Friday)	$34.82
Market Capitalization	$7.3 billion
Revenue (TTM)	$1.8 billion
Net Income (TTM)	$905.6 million

Vornado Realty Trust owns, operates, and manages a portfolio of bureau and retail properties, chiefly successful New York City, with further assets successful Chicago and San Francisco; gross is generated from leasing and spot management.
The institution operates arsenic a existent property concern spot (REIT), earning income done semipermanent leases, spot appreciation, and ancillary services focused connected high-quality, sustainable bureau buildings.
It serves firm tenants, organization clients, and retail businesses seeking premium bureau and retail abstraction successful large municipality markets.

Vornado Realty Trust is simply a starring bureau REIT with a beardown beingness successful New York City, arsenic good arsenic prime assets successful Chicago and San Francisco. The institution differentiates itself done its absorption connected sustainability, managing astir 25 cardinal quadrate feet of LEED-certified buildings. Vornado's strategy centers connected attracting high-quality tenants to premier municipality locations, leveraging standard and operational expertise to thrust semipermanent value.