Equibles does not estimate personal net worth.
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Get VNO alertsMichael Franco is recorded as CFO at Vornado Realty Trust (VNO) since December 31, 2020. The proxy statement of Vornado Realty Trust reports total compensation of $2,801,982 for Michael Franco in fiscal 2025, including a base salary of $1,000,000. Disclosed compensation is on record for 3 fiscal years. Michael Franco has spoken on 22 earnings calls and 1 other investor event across 1 company, most recently for Vornado Realty Trust on September 15, 2026. Vornado Realty Trust is classified in the REIT - Office industry within the Real Estate sector. Other leadership on record at Vornado Realty Trust includes Steven Roth (CEO), Beatrice Hamza Bassey (General Counsel and Board Member) and Raymond J. McGuire (Board Member).
“Let me start and then, you know, Glenn should jump in here. You know, I think it all starts with where does talent want to be, right? And talent, particularly young talent, wants to be in New York City at a disproportionate level relative to every other city.”
“Second quarter comparable FFO was $0.67 per share, compared to $0.56 per share for last year's second quarter, an increase of $0.11.”
“First quarter CONFO FFO was $0.52 per share, compared to $0.63 per share for last year's first quarter. This decrease is consistent with our comments from the prior quarters and is primarily due to the reversal of previously accrued PEN1 ground rent expense and higher net interest expense.”
“Comparable FFO was $2.32 per share for the year. As previously forecasted, this was slightly higher compared to 2024 comparable FFO and better than we had anticipated at the beginning of the year.”
“Second quarter comparable FFO was $0.56 per share, which beat analyst consensus of $0.53 per share and essentially flat compared to last year's second quarter.”
2020-12-31–present
Source not stated
REIT - Office · Real Estate
CFO
2020-12-31–present
Compensation components disclosed in company proxy statements. Amounts are nominal USD; total is the company-reported figure.
| Fiscal year | Company | Role | Salary | Total |
|---|---|---|---|---|
| 2025 | Vornado Realty Trust (VNO) | President and Chief Financial Officer (Principal Financial Officer) | $1,000,000 | $2,801,982 |
| 2024 | Vornado Realty Trust (VNO) | President and Chief Financial Officer (Principal Financial Officer) | $1,000,000 | $2,548,187 |
| 2023 | Vornado Realty Trust (VNO) | President and Chief Financial Officer (Principal Financial Officer) | $1,000,000 | $17,240,211 |
