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Vornado Realty Trust

Vornado Realty Trust

VNO-PL · NYSE · Real Estate / REIT - Office

16.41USD-0.06 (-0.36%)

Price History

Full chart

Market Stats

Previous Close16.47
Open16.40
Day Range16.40 – 16.89
52-Week Range15.58 – 17.73
Volume12.00K
Market Cap9.83B
P/E (TTM)25.09
Forward P/E0.00
EPS0.644
Dividend Yield8.33%
Beta1.54
50-Day Avg17.35
200-Day Avg17.61

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---32.70M32.70M40.60M40.60M48.00M87.90M102.80M117.30M202.60M454.40M663.50M803.61M979.67M1.44B1.50B1.71B2.55B2.71B2.97B2.70B2.74B2.78B2.92B2.77B2.76B2.64B2.50B2.51B2.08B2.16B1.92B1.53B1.59B1.80B1.81B1.79B1.81B
Growth (%)----0.00%+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----------------541.60M583.66M679.79M1.31B1.37B1.63B1.07B1.09B1.10B1.24B1.25B1.09B1.06B1.01B1.02B886.60M963.48M917.98M789.07M797.32M873.91M905.16M927.80M1.38B
Gross Profit---32.70M32.70M40.60M40.60M48.00M87.90M102.80M117.30M202.60M454.40M663.50M803.61M979.67M893.47M919.39M1.03B1.24B1.35B1.34B1.63B1.65B1.68B1.68B1.52B1.67B1.57B1.49B1.48B1.20B1.20B1.01B738.88M791.89M926.08M906.00M1.79B1.81B
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%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---22.30M-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---31.80%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%
EBITDA14.10M9.70M9.80M20.10M53.60M64.20M47.70M68.00M66.20M81.20M92.80M151.30M326.80M427.80M563.72M591.10M790.85M882.06M960.84M1.11B1.15B1.70B1.21B1.26B1.59B1.68B1.50B1.16B1.38B1.31B1.48B1.16B1.25B4.14B203.52M840.50M423.31M845.61M880.61M1.77B
EBITDA Margin---61.47%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---31.80%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--------------------------226.62M32.21M-00.290.150.211.790.280.120.20.03--
R&D as % of Total Revenue--------------------------8.19%1.17%-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---31.80%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 Expenditure38.40M7.70M11.20M27.00M25.40M16.60M14.80M911.20M964.90M395.80M371.64M67.09M96.02M120.59M117.94M957.81M1.72B3.04B832.89M681.87M474.98M349.60M446.02M394.83M1.03B475.82M750.07M355.85M74.61M438.94M395.05M738.40M900.79M33.15M00
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%

Key Statistics & Ratios

Market Cap9.83B
Enterprise Value12.59B
Trailing P/E25.09
Forward P/E0.00
Price / Sales5.27
Price / Book0.00
EPS0.644
Book Value25.71
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 Outstanding0
Shares Float156.53M
Beta1.54
Dividend Yield8.33%
Dividend Rate1.35
Payout Ratio0.00%

Ownership Breakdown

Institutions
33.68%
Insiders
0.00%
Retail / Other
66.32%

Top Institutional Holders

  • Golden State Equity Partners
    90.00%

Dividends

20263×
0.34Sep 15, 20260.34Jun 15, 20260.34Mar 16, 2026
20254×
0.34Dec 15, 20250.34Sep 15, 20250.34Jun 16, 20250.34Mar 17, 2025
20244×
0.34Dec 16, 20240.34Sep 16, 20240.34Jun 17, 20240.34Mar 14, 2024
20234×
0.34Dec 14, 20230.34Sep 14, 20230.34Jun 14, 20230.34Mar 14, 2023
20224×
0.34Dec 14, 20220.34Sep 14, 20220.34Jun 14, 20220.34Mar 14, 2022
20214×
0.34Dec 14, 20210.34Sep 14, 20210.34Jun 14, 20210.34Mar 12, 2021
20201×
0.34Dec 14, 2020