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  3. in 2000, vornado paid dividends per share of $2.12

In 2000, Vornado paid dividends per share of $2.12 on earnings per share of $2.22....

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Finance

In 2000, Vornado paid dividends per share of $2.12 on earnings per share of $2.22.
Expected payout ratio ?
The firm had a return on equity of 12.29%.
We use the average beta for real estate investment trusts of 0.69, a riskfree rate of 5.4% and a risk
premium of 4% to estimate a cost of equity:
Cost of equity ?
The expected growth rate is estimated from the dividend payout ratio and the return on equity: ?
Value per share ?
On May 14,2001, Vornado Realty was trading at $36.57.

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