Vornado Realty Trust: Pleasing Shareholders For Over 30 Years

Dec. 21, 2006 5:16 AM ETVornado Realty Trust (VNO) Stock
Eddy Elfenbein profile picture
Eddy Elfenbein
998 Followers

Eddy Elfenbein submits: More boring stocks. Today, I give you Vornado Realty Trust (NYSE:VNO). Over the last 32 years, shares of Vornado are up more than 600-fold.


VNO 30-yr chart
VNO

The flat gold line on the chart is the S&P. It's not really flat, it just looks that way in comparison to Vornado. By the way, that 60,000% doesn't include dividends. Since VNO is a REIT, it pays fairly generous dividends. The current yield is 2.8%. If I had to estimate, I'd say that dividends by themselves gave VNO shareholders about a 200% return since 1974, meaning the stock's total return is about 180,000%.

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Eddy Elfenbein profile picture
998 Followers
Fund manager Eddy Elfenbein writes Crossing Wall Street (http://www.crossingwallstreet.com/). He comments on a range of stocks (many of which he owns) and market trends. His work is funny, pithy, rigorous and original. Eddy's philosophy: 'The key to doing well on Wall Street is actually very simple: Buy and hold shares of outstanding companies. But too many investors never learn this valuable lesson. Or if they do learn it, they learn it the hard way. That's where I come in. I want to help investors avoid the mistakes that separate successful investors from those who always find themselves spinning their wheels.' Visit: Crossing Wall Street (http://www.crossingwallstreet.com/)

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