YOLFTbeta
Vornado Realty Trust

Vornado Realty Trust

VNO · NYSE · Real Estate / REIT - Office

34.71USD+0.00 (0.00%)

Price History

Full chart

Market Stats

Previous Close34.71
Open35.03
Day Range34.52 – 35.11
52-Week Range24.57 – 41.60
Volume773.30K
Market Cap6.98B
P/E (TTM)1136.67
Forward P/E147.06
EPS0.03
Dividend Yield2.13%
Beta1.54
50-Day Avg37.65
200-Day Avg33.38

About

Vornado Realty Trust is a fully integrated real estate investment trust with a 26 million square-foot portfolio of premier New York City office, retail and multifamily assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with 100% of our in-service office buildings LEED certified and over 95% certified LEED Gold or Platinum. Vornado Realty Trust was incorporated in 1946 in Maryland, USA.

Company Details

  • SectorReal Estate
  • IndustryREIT - Office
  • CEOMr. Steven Roth
  • Employees3.15K
  • Headquarters888 Seventh Avenue, New York, NY, United States, 10019-4499, USA
  • Websitehttps://www.vno.com

Leadership

  • Mr. Steven RothChairman of the Board & CEO · b. 1942
  • Mr. Michael J. FrancoPresident & CFO · b. 1969
  • Mr. Glen J. WeissExecutive VP of Office Leasing & Co-Head of Real Estate · b. 1970
  • Mr. Barry S. LangerExecutive VP of Development & Co-Head of Real Estate · b. 1979
  • Mr. Haim H. CheraExecutive VP & Head of Retail · b. 1969
  • Robert LarsonSenior Vice President of Operations
  • Ms. Deirdre K. MaddockSenior VP & Chief Accounting Officer
  • Mr. Robert EntinChief Information Officer & Executive VP
  • Mr. Thomas J. SanelliExecutive VP of Finance & Chief Administrative Officer · b. 1973
  • Mr. Steven J. BorensteinExecutive VP, Corporation Counsel & Secretary

Financials

Income Statement

Currency: USD1986-12-311987-12-311988-12-311989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue----32.70M40.60M40.60M48.00M87.90M102.80M117.30M202.60M454.40M663.50M803.61M979.67M1.44B1.50B1.71B2.55B2.71B2.97B2.70B2.74B2.78B2.92B2.77B2.76B2.64B2.50B2.51B2.08B2.16B1.92B1.53B1.59B1.80B1.81B1.79B1.81B
Growth (%)-----+24.16%0.00%+18.23%+83.13%+16.95%+14.11%+72.72%+124.28%+46.02%+21.12%+21.91%+46.49%+4.74%+13.59%+49.22%+6.46%+9.65%-9.30%+1.69%+1.35%+4.89%-5.12%-0.20%-4.53%-5.07%+0.16%-16.84%+3.82%-11.05%-20.61%+4.01%+13.26%+0.62%-1.30%+1.27%
Cost of Revenue--------------466.12M595.40M541.60M583.66M679.79M1.31B1.37B1.63B1.07B1.09B1.10B1.24B1.25B1.09B1.06B1.01B1.02B886.60M963.48M917.98M789.07M797.32M873.91M905.16M927.80M1.38B
Gross Profit----32.70M40.60M40.60M48.00M87.90M102.80M117.30M202.60M454.40M663.50M803.61M979.67M893.47M919.39M1.03B1.24B1.35B1.34B1.63B1.65B1.68B1.68B1.52B1.67B1.57B1.49B1.48B1.20B1.20B1.01B738.88M791.89M926.08M906.00M1.79B1.81B
Gross Margin----100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%62.26%61.17%60.18%48.77%49.62%45.10%60.32%60.34%60.45%57.56%54.88%60.63%59.61%59.59%59.13%57.46%55.47%52.31%48.36%49.83%51.45%50.02%100.00%100.00%
Operating Expense-----11.20M-7.40M4.40M-8.30M32.50M33.40M39.20M98.70M186.80M319.30M399.34M542.85M338.66M337.44M389.61M517.96M618.76M108.72M812.90M859.01M874.39M822.09M840.49M799.61M755.54M730.77M931.08M590.16M617.28M589.03M594.57M546.89M638.23M605.42M1.52B1.54B
Operating Income14.10M9.90M10.10M10.40M43.90M48.00M36.20M56.30M55.40M69.40M78.10M103.90M267.60M344.20M404.26M436.81M554.82M581.96M637.87M724.64M726.91M1.23B814.03M795.78M805.86M856.15M677.63M874.19M815.64M760.25M550.79M607.37M582.96M417.69M144.31M245.00M287.85M300.58M263.87M272.15M
Operating Margin----134.25%118.23%89.16%117.29%63.03%67.51%66.58%51.28%58.89%51.88%50.31%44.59%38.66%38.72%37.36%28.44%26.80%41.44%30.18%29.02%28.99%29.36%24.49%31.66%30.94%30.38%21.98%29.14%26.94%21.70%9.44%15.42%15.99%16.60%14.76%15.03%
EBITDA14.10M9.90M10.10M10.40M53.60M64.20M47.70M68.00M66.20M81.20M92.80M151.30M326.80M427.80M563.72M591.10M790.85M882.06M960.84M1.11B1.15B1.70B1.21B1.26B1.59B1.68B1.50B1.16B1.38B1.31B1.48B1.16B1.25B4.14B203.52M840.50M423.31M845.61M880.61M1.77B
EBITDA Margin----163.91%158.13%117.49%141.67%75.31%78.99%79.11%74.68%71.92%64.48%70.15%60.34%55.11%58.68%56.28%43.59%42.39%57.00%44.69%45.88%57.03%57.59%54.29%41.85%52.49%52.28%58.98%55.71%57.69%215.07%13.32%52.89%23.52%46.69%49.26%97.59%
Net Income14.10M9.90M10.10M10.40M4.30M10.20M1.20M28.00M41.20M53.00M61.40M61.00M152.90M202.50M233.99M263.74M232.90M460.70M592.92M539.60M560.14M635.69M395.04M106.17M647.88M662.30M617.26M475.97M864.85M760.43M960.57M227.42M449.95M3.15B-297.00M176.00M-346.50M105.49M70.39M904.96M
Net Income Margin----13.15%25.12%2.96%58.33%46.87%51.56%52.34%30.11%33.65%30.52%29.12%26.92%16.23%30.65%34.73%21.18%20.65%21.38%14.65%3.87%23.31%22.72%22.31%17.24%32.81%30.39%38.33%10.91%20.80%163.55%-19.44%11.07%-19.25%5.82%3.94%49.99%
R&D-----------------------000226.62M32.21M000.290.150.211.790.280.120.20.03--
R&D as % of Total Revenue-----------------------0.00%0.00%0.00%8.19%1.17%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense14.10M9.90M10.10M10.40M32.20M34.90M33.90M31.20M14.20M16.40M16.70M42.90M114.70M141.70M170.27M173.08M207.84M204.26M30.90M161.71M476.46M634.55M596.18M634.28M560.27M544.01M500.36M483.19M349.97M318.72M330.24M345.65M347.95M286.62M229.25M231.10M279.76M349.22M390.27M353.87M
Interest Expense % of Total Revenue----98.47%85.96%83.50%65.00%16.15%15.95%14.24%21.17%25.24%21.36%21.19%17.67%14.48%13.59%1.81%6.35%17.57%21.34%22.10%23.13%20.16%18.66%18.09%17.50%13.28%12.74%13.18%16.59%16.08%14.89%15.00%14.54%15.54%19.28%21.83%19.55%

Balance Sheet

Currency: USD1986-12-311987-12-311988-12-311989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets----387.90M393.40M420.60M385.80M393.50M491.50M565.20M2.52B4.43B5.48B6.37B6.78B9.02B9.52B11.58B13.64B17.95B22.48B21.42B20.19B20.52B20.45B21.97B20.10B21.25B21.14B20.81B17.40B17.18B18.29B16.22B17.27B16.49B16.19B16.00B15.52B
Total Liabilities----357.50M345.60M423.80M235.00M268.40M297.20M288.90M1.03B2.21B2.20B2.84B2.73B4.35B4.52B5.62B7.12B10.68B14.87B14.16B12.28B12.36B11.78B13.12B11.50B12.42B12.44B11.92B11.41B11.29B10.09B8.67B10.06B9.98B9.84B9.83B8.72B
Total Equity----15.40M8.10M-3.20M115.70M125.10M194.30M276.30M1.31B1.78B2.06B2.08B2.57B2.63B3.08B4.01B5.26B6.15B6.12B5.66B6.24B6.32B6.83B8.85B6.77B8.83B6.70B6.90B5.99B4.47B6.73B6.53B6.24B5.84B5.51B5.16B5.99B
Cash----5.50M14.70M51.50M24.10M23.60M19.10M89.70M356.00M167.80M112.60M136.99M265.58M208.20M320.54M599.28M294.50M2.23B1.15B1.53B535.48M690.79M606.55M960.32M583.29M1.20B1.84B1.50B1.82B570.92M1.52B1.62B1.76B889.69M997.00M733.95M840.85M
Total Debt----357.50M345.60M394.60M235.00M268.40M277.20M242.00M956.70M2.05B2.05B2.66B2.48B4.07B4.06B4.94B6.25B9.55B12.95B12.65B10.94B10.89B10.56B12.16B9.98B10.92B11.09B10.61B10.48B9.84B7.90B7.80B8.99B9.13B8.98B8.99B7.89B
Net Debt----352.00M330.90M343.10M210.90M244.80M258.10M152.30M600.70M1.88B1.94B2.52B2.21B3.86B3.74B4.34B5.96B7.32B11.80B11.12B10.40B10.20B9.96B10.34B9.40B9.70B9.26B9.11B7.91B9.27B6.39B6.18B7.23B8.24B7.99B8.26B7.04B

Cash Flow

Currency: USD1990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow1.80M36.20M15.90M27.40M46.90M62.90M70.70M110.80M189.40M176.90M249.92M387.69M499.82M528.95M664.69M762.68M824.67M697.33M817.81M633.58M771.09M702.50M825.05M1.04B1.14B672.15M1.00B860.14M802.64M662.54M424.24M761.81M798.94M648.15M537.72M1.26B
Investing Cash Flow-70.80M-17.20M16.50M1.60M--103.90M--1.06B-1.26B-494.20M-699.38M-79.72M-24.12M-130.29M-350.73M-1.75B-1.92B-3.07B-453.23M-242.20M-520.36M-164.76M-642.26M722.08M-574.47M-678.75M-889.19M-206.32M-877.72M2.46B-87.80M-532.35M-906.86M-128.79M-597.37M115.51M
Financing Cash Flow-10.40M-9.80M4.40M-56.40M-32.10M36.60M-15.00M1.22B879.80M262.10M473.81M-179.37M-533.09M-286.32M-35.22M683.83M3.03B1.29B7.68M-1.38B-95.42M-621.97M170.98M-2.14B54.34M643.83M-446.15M-338.34M-1.12B-2.24B-213.20M-29.48M-801.27M-278.94M-252.32M-1.35B
Capital Expenditure38.40M7.70M11.20M27.00M25.40M16.60M14.80M911.20M964.90M395.80M371.64M67.09M96.02M120.59M117.94M957.81M1.72B3.04B832.89M681.87M474.98M349.60M446.02M394.83M645.97M475.82M750.07M355.85M74.61M438.94M395.05M738.40M900.79M33.15M465.61M709.55M
Free Cash Flow-36.60M28.50M4.70M400.00K21.50M46.30M55.90M-800.40M-775.50M-218.90M-121.72M320.60M403.81M408.36M546.75M-195.13M-895.98M-2.34B-15.08M-48.30M296.10M352.89M379.02M1.44B1.14B196.33M250.59M504.29M728.03M223.60M29.19M761.81M798.94M648.15M537.72M1.26B
Dividends Paid4.10M16.50M17.50M30.50M43.20M52.90M59.60M93.00M173.30M183.80M204.50M335.95M337.59M348.69M401.40M583.13M594.90M581.96M619.09M319.47M529.97M570.21M773.29M629.10M629.30M555.33M556.10M561.01M534.46M553.92M891.59M471.99M468.68M191.18M203.22M203.38M
FCF to OCF-2033.33%78.73%29.56%1.46%45.84%73.61%79.07%-722.38%-409.45%-123.74%-48.70%82.69%80.79%77.20%82.26%-25.59%-108.65%-335.83%-1.84%-7.62%38.40%50.23%45.94%137.94%100.00%29.21%25.04%58.63%90.70%33.75%6.88%100.00%100.00%100.00%100.00%100.00%
Dividend Paid to FCF-11.20%57.89%372.34%7625.00%200.93%114.25%106.62%-11.62%-22.35%-83.97%-168.01%104.79%83.60%85.39%73.42%-298.83%-66.40%-24.85%-4105.66%-661.50%178.98%161.58%204.02%43.82%55.43%282.85%221.91%111.25%73.41%247.72%3054.54%61.96%58.66%29.50%37.79%16.16%

Earnings

Report DateMar 31, 1998Jun 30, 1998Sep 30, 1998Dec 31, 1998May 6, 1999Jun 30, 1999Nov 4, 1999Dec 31, 1999May 4, 2000Jun 30, 2000Sep 30, 2000Dec 31, 2000Mar 31, 2001Jun 30, 2001Nov 2, 2001Mar 11, 2002May 1, 2002Aug 8, 2002Oct 31, 2002Mar 7, 2003May 8, 2003Aug 8, 2003Nov 7, 2003Mar 3, 2004May 6, 2004Aug 6, 2004Nov 5, 2004Feb 25, 2005Apr 28, 2005Jul 29, 2005Nov 1, 2005Feb 28, 2006May 2, 2006Aug 1, 2006Oct 31, 2006Feb 27, 2007May 1, 2007Jul 31, 2007Oct 30, 2007Feb 26, 2008May 6, 2008Aug 5, 2008Nov 4, 2008Feb 24, 2009May 5, 2009Aug 4, 2009Nov 3, 2009Feb 23, 2010May 4, 2010Aug 3, 2010Nov 2, 2010Feb 23, 2011May 3, 2011Aug 1, 2011Nov 3, 2011Feb 27, 2012May 7, 2012Aug 6, 2012Nov 1, 2012Feb 26, 2013May 6, 2013Aug 5, 2013Nov 4, 2013Feb 24, 2014May 5, 2014Aug 4, 2014Nov 3, 2014Feb 17, 2015May 4, 2015Aug 3, 2015Nov 2, 2015Feb 16, 2016May 2, 2016Aug 1, 2016Oct 31, 2016Feb 13, 2017May 1, 2017Jul 31, 2017Oct 30, 2017Feb 12, 2018Apr 30, 2018Jul 30, 2018Oct 29, 2018Feb 11, 2019Apr 29, 2019Jul 29, 2019Oct 28, 2019Feb 18, 2020May 4, 2020Aug 3, 2020Nov 2, 2020Feb 16, 2021May 3, 2021Aug 2, 2021Nov 1, 2021Feb 14, 2022May 2, 2022Aug 1, 2022Oct 31, 2022Feb 13, 2023May 1, 2023Jul 31, 2023Oct 30, 2023Feb 12, 2024May 6, 2024Aug 5, 2024Nov 4, 2024Feb 10, 2025May 5, 2025Aug 4, 2025Nov 3, 2025Feb 9, 2026May 4, 2026Aug 3, 2026Nov 2, 2026
EPS Estimate----0.73-0.76-0.79-------0.420.42-0.911.031.030.660.930.631.160.680.74--0.690.420.850.620.550.511.020.560.420.540.970.540.48-0.130.620.270.15-0.880.360.450.361.150.370.370.440.890.240.420.310.950.460.37-0.440.600.310.460.450.510.530.600.390.410.390.430.460.380.470.130.310.150.450.370.300.280.360.920.990.150.130.72-0.420.070.130.180.190.290.230.200.17-0.12-0.12-0.09-0.10-0.08-0.10-0.09-0.09-0.03-0.07-0.010.05-0.110.570.63
EPS Actual0.350.370.460.400.730.500.780.430.530.530.650.470.520.640.740.600.390.680.520.360.770.710.590.670.661.180.771.701.391.250.590.420.890.970.640.671.020.560.570.570.260.450.20-1.400.870.230.48-0.841.080.380.421.271.000.490.200.370.920.050.400.110.330.440.34-0.370.320.390.392.720.370.880.871.220.240.330.390.290.240.610.090.140.300.360.350.270.130.221.690.290.03-0.04-0.09-0.970.060.250.140.060.160.190.190.120.030.240.28-0.32-0.050.18-0.100.010.433.700.06-0.02-0.080.67-
Surprise----0.00%-2.63%--32.91%--------7.14%61.90%--60.44%-25.24%-31.07%-10.61%-27.96%4.76%1.72%13.24%129.73%---14.49%0.00%4.71%56.45%16.36%31.37%0.00%0.00%35.71%5.56%-73.20%-16.67%-58.33%-976.92%40.32%-14.81%220.00%-22.73%5.56%-6.67%252.78%-13.04%32.43%-45.95%-15.91%3.37%-79.17%-4.76%-64.52%-65.26%-4.35%-8.11%15.91%-46.67%25.81%-15.22%504.44%-27.45%66.04%45.00%212.82%-41.46%-15.38%-9.30%-36.96%-36.84%29.79%-30.77%-54.84%100.00%-20.00%-5.41%-10.00%-53.57%-38.89%83.70%-70.71%-80.00%-130.77%-112.50%-130.95%-14.29%92.31%-22.22%-68.42%-44.83%-17.39%-5.00%-29.41%125.00%300.00%411.11%-220.00%37.50%280.00%-11.11%111.11%1533.33%5385.71%700.00%-140.00%27.27%17.54%-
Timing----------------After-hours-------Pre-marketPre-marketPre-marketPre-market--Pre-market-Pre-marketPre-marketPre-marketPre-market-After-hoursPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap6.98B
Enterprise Value15.03B
Trailing P/E1136.67
Forward P/E147.06
PEG Ratio2.20
Price / Sales3.60
Price / Book1.39
EPS0.03
Book Value24.66
Revenue (TTM)1.88B
Gross Profit (TTM)930.95M
EBITDA771.63M
Profit Margin3.62%
Operating Margin9.80%
Return on Equity0.60%
Return on Assets1.01%
Shares Outstanding188.10M
Shares Float156.53M
Beta1.54
Dividend Yield2.13%
Dividend Rate0.74
Payout Ratio117.46%

Analyst Ratings

Hold
Based on 14 analystsTarget 39.92
  • Strong Buy
    2
  • Buy
    1
  • Hold
    7
  • Sell
    3
  • Strong Sell
    1

Ownership Breakdown

Institutions
101.80%
Insiders
7.44%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    22.79M12.20%
  • Vanguard Portfolio Management, LLC
    14.64M7.84%
  • NORGES BANK
    14.41M7.72%
  • Franklin Templeton Inc
    13.16M7.05%
  • Resolution Capital Limited
    9.39M5.03%
  • T. Rowe Price Associates, Inc.
    9.24M4.95%
  • State Street Corp
    8.17M4.38%
  • Vanguard Capital Management, LLC
    7.64M4.09%
  • Principal Financial Group Inc
    5.94M3.18%
  • Kemnay Advisory Services Inc.
    5.83M3.12%
  • Geode Capital Management, LLC
    3.57M1.91%
  • Charles Schwab Investment Management Inc
    3.21M1.72%
  • CenterSquare Investment Management LLC
    2.92M1.56%
  • Northern Trust Corp
    2.76M1.48%

Top Fund Holders

  • Putnam Large Cap Value A
    8.33M4.46%
  • Vanguard Real Estate Index Investor
    6.01M3.22%
  • iShares Core S&P Mid-Cap ETF
    5.53M2.96%
  • Vanguard MStar Total Stk Mkt Idx Invest
    5.39M2.89%
  • Vanguard Small Cap Index
    3.90M2.09%
  • T. Rowe Price Mid-Cap Value
    2.78M1.49%

Dividends

20251×
0.74Dec 18, 2025
20241×
0.74Dec 16, 2024
20232×
0.30Dec 14, 20230.38Jan 27, 2023
20224×
0.53Nov 4, 20220.53Aug 5, 20220.53May 6, 20220.53Jan 28, 2022
20214×
0.53Nov 5, 20210.53Aug 6, 20210.53May 7, 20210.53Jan 29, 2021
20204×
0.53Nov 6, 20200.53Aug 7, 20200.66May 8, 20200.66Jan 24, 2020
20195×
1.95Dec 27, 20190.66Nov 1, 20190.66Aug 2, 20190.66May 3, 20190.66Jan 25, 2019
20183×
0.63Nov 2, 20180.63Aug 3, 20180.63May 4, 2018

Stock Splits

  • Jul 18, 20171237:1000
  • Jan 16, 201510000:9050
  • Oct 19, 19981000:987
  • Oct 21, 19972:1
  • Mar 26, 19933:2
  • Jun 3, 19915:1