Symbols / VNO
VNO Chart
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.
Fundamentals
Scroll to Statements| Sector | Real Estate | Industry | REIT - Office | Market Cap | 5.82B |
| Enterprise Value | 14.43B | Income | 842.85M | Sales | 1.86B |
| Book/sh | 25.20 | Cash/sh | 4.48 | Dividend Yield | 264.00% |
| Payout | 17.62% | Employees | 3145 | IPO | — |
| P/E | 6.67 | Forward P/E | 90.00 | PEG | — |
| P/S | 3.12 | P/B | 1.11 | P/C | — |
| EV/EBITDA | 18.31 | EV/Sales | 7.74 | Quick Ratio | 1.38 |
| Current Ratio | 1.48 | Debt/Eq | 116.66 | LT Debt/Eq | — |
| EPS (ttm) | 4.18 | EPS next Y | 0.31 | EPS Growth | 12.63% |
| Revenue Growth | -8.10% | Earnings | 2026-05-04 | ROA | 1.29% |
| ROE | 14.45% | ROIC | — | Gross Margin | 50.66% |
| Oper. Margin | 13.59% | Profit Margin | 48.53% | Shs Outstand | 190.67M |
| Shs Float | 158.42M | Short Float | 6.21% | Short Ratio | 6.08 |
| Short Interest | — | 52W High | 43.37 | 52W Low | 27.76 |
| Beta | 1.52 | Avg Volume | 1.69M | Volume | 1.50M |
| Target Price | $37.85 | Recom | Hold | Prev Close | $28.05 |
| Price | $27.90 | Change | -0.53% |
Valuation Models
Price estimates from analyst targets and simple models.
Ratings
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-02-24 | main | Mizuho | Outperform → Outperform | $34 |
| 2026-02-11 | main | Piper Sandler | Neutral → Neutral | $36 |
| 2026-02-11 | main | Evercore ISI Group | Outperform → Outperform | $43 |
| 2026-01-14 | main | Scotiabank | Sector Perform → Sector Perform | $36 |
| 2025-12-16 | main | Truist Securities | Hold → Hold | $36 |
| 2025-12-15 | main | Evercore ISI Group | Outperform → Outperform | $42 |
| 2025-12-12 | main | Mizuho | Outperform → Outperform | $40 |
| 2025-11-24 | up | JP Morgan | Underweight → Neutral | $41 |
| 2025-11-13 | main | Scotiabank | Sector Perform → Sector Perform | $38 |
| 2025-11-05 | main | Piper Sandler | Neutral → Neutral | $38 |
| 2025-09-15 | main | Evercore ISI Group | Outperform → Outperform | $46 |
| 2025-09-12 | main | Truist Securities | Hold → Hold | $40 |
| 2025-09-12 | up | Citigroup | Sell → Neutral | $42 |
| 2025-08-28 | main | Scotiabank | Sector Perform → Sector Perform | $40 |
| 2025-08-25 | main | B of A Securities | Neutral → Neutral | $40 |
| 2025-08-21 | main | Barclays | Underweight → Underweight | $33 |
| 2025-08-06 | main | Evercore ISI Group | Outperform → Outperform | $44 |
| 2025-07-14 | main | Scotiabank | Sector Perform → Sector Perform | $45 |
| 2025-07-14 | main | Mizuho | Outperform → Outperform | $43 |
| 2025-06-03 | main | Truist Securities | Hold → Hold | $38 |
News
RSS: Latest VNO news- Should VNO Stock Be in Your Portfolio Ahead of Q4 Earnings? - Yahoo Finance Wed, 04 Feb 2026 08
- Vornado Realty Trust: Premier NYC Properties, Shares Trade At A Discount (NYSE:VNO) - Seeking Alpha hu, 22 Jan 2026 08
- April 17th Options Now Available For Vornado Realty Trust (VNO) - Nasdaq hu, 19 Feb 2026 17
- Vornado Realty Trust REIT (VNO) Shares Rise as New York Office Leasing Volume Hits Decade High - AlphaStreet News Wed, 11 Feb 2026 11
- Vornado Realty Trust stock hits 52-week low at 28.07 USD - Investing.com India ue, 24 Feb 2026 10
- VORNADO REALTY TRUST Earnings Preview: Recent $VNO Insider Trading, Hedge Fund Activity, and More - Quiver Quantitative Sat, 01 Nov 2025 07
- Evercore ISI Raises its Price Target on Vornado Realty Trust (VNO) to $43 and Maintains an Outperform Rating - Finviz Fri, 13 Feb 2026 08
- Assessing Vornado Realty Trust (VNO) Valuation After Recent Share Price Weakness - simplywall.st ue, 10 Feb 2026 08
- Amazon-leased Manhattan office building refinanced with $250M loan - Stock Titan Mon, 26 Jan 2026 08
- Vornado Realty: Reviewing The 7%+ Preferreds After The Latest Earnings (NYSE:VNO) - Seeking Alpha hu, 12 Feb 2026 08
- Vornado Realty Trust (VNO): Valuation Insights After JPMorgan Rating Shift and Mixed Quarterly Results - Yahoo Finance Mon, 24 Nov 2025 08
- Vornado Realty Trust Declares Fourth Quarter Dividend of $0.74 per Share - Quiver Quantitative Mon, 08 Dec 2025 08
- Vornado Realty Dips As Manhattan Office Leasing Moves Up (NYSE:VNO) - Seeking Alpha Fri, 13 Feb 2026 08
- Evaluating Vornado Realty Trust (VNO) After Q4 Beat, Refinancing Progress And Buybacks - Yahoo Finance Sun, 15 Feb 2026 08
- Vornado Realty Trust (VNO): Assessing Its Valuation After Recent Modest Share Price Dip - Yahoo Finance Sun, 26 Oct 2025 07
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 30000 | 1189188.0 | — | Sale at price 39.64 per share. | CHERA HAIM | Officer | — | 2025-09-04 00:00:00 | D |
| 1 | 20000 | 759630.0 | — | Sale at price 37.98 per share. | CHERA HAIM | Officer | — | 2025-05-30 00:00:00 | D |
| 2 | 283727 | — | — | Stock Gift at price 0.00 per share. | ROTH STEVEN | Chief Executive Officer | — | 2025-05-16 00:00:00 | I |
| 3 | 3472 | nan | — | — | BEINECKE CANDACE K | Director | — | 2025-05-07 00:00:00 | I |
| 4 | 50000 | nan | — | — | CHERA HAIM | Officer | — | 2025-05-07 00:00:00 | D |
| 5 | 2000 | 89728.0 | — | Sale at price 44.86 per share. | WIGHT RUSSELL B JR | Director | — | 2024-12-10 00:00:00 | I |
| 6 | 2000 | 56387.0 | — | Sale at price 28.19 per share. | WIGHT RUSSELL B JR | Director | — | 2024-07-11 00:00:00 | I |
| 7 | 1959 | nan | — | — | BEINECKE CANDACE K | Director | — | 2024-07-09 00:00:00 | I |
Financials
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | 11.99M | 2.26M | 4.64M | 15.21M |
| TaxRateForCalcs | 0.01 | 0.21 | 0.21 | 0.21 |
| NormalizedEBITDA | 922.81M | 869.86M | 823.51M | 350.87M |
| TotalUnusualItems | 843.97M | 10.76M | 22.10M | 72.44M |
| TotalUnusualItemsExcludingGoodwill | 843.97M | 10.76M | 22.10M | 72.44M |
| NetIncomeFromContinuingOperationNetMinorityInterest | 904.96M | 70.39M | 105.49M | -346.50M |
| ReconciledDepreciation | 481.46M | 469.42M | 457.57M | 526.31M |
| ReconciledCostOfRevenue | 881.86M | 852.11M | 777.07M | |
| EBITDA | 1.77B | 880.61M | 845.61M | 423.31M |
| EBIT | 1.29B | 411.19M | 388.03M | -102.99M |
| NetInterestIncome | -306.72M | -344.25M | -299.26M | -259.90M |
| InterestExpense | 334.61M | 368.35M | 325.92M | 257.96M |
| InterestIncome | 47.15M | 46.02M | 49.97M | 19.87M |
| NormalizedIncome | 72.98M | 61.89M | 88.04M | -403.73M |
| NetIncomeFromContinuingAndDiscontinuedOperation | 904.96M | 70.39M | 105.49M | -346.50M |
| TotalExpenses | 1.54B | 1.52B | 1.51B | 1.51B |
| DilutedAverageShares | 201.05M | 196.63M | 191.86M | 191.78M |
| BasicAverageShares | 191.76M | 190.54M | 191.00M | 191.78M |
| DilutedEPS | 4.20 | 0.04 | 0.23 | -2.13 |
| BasicEPS | 4.40 | 0.04 | 0.23 | -2.13 |
| DilutedNIAvailtoComStockholders | 842.85M | 8.28M | 43.38M | -408.63M |
| AverageDilutionEarnings | 0.00 | 0.00 | -2.00K | -18.00K |
| NetIncomeCommonStockholders | 842.85M | 8.28M | 43.38M | -408.62M |
| OtherunderPreferredStockDividend | 0.00 | 0.00 | 9.03M | |
| PreferredStockDividends | 62.10M | 62.11M | 62.12M | 62.12M |
| NetIncome | 904.96M | 70.39M | 105.49M | -346.50M |
| MinorityInterests | -32.25M | 50.27M | 72.61M | 36.11M |
| NetIncomeIncludingNoncontrollingInterests | 937.20M | 20.12M | 32.89M | -382.61M |
| NetIncomeDiscontinuousOperations | 0.00 | |||
| NetIncomeContinuousOperations | 937.20M | 20.12M | 32.89M | -382.61M |
| TaxProvision | 13.51M | 22.73M | 29.22M | 21.66M |
| PretaxIncome | 950.71M | 42.84M | 62.11M | -360.95M |
| OtherIncomeExpense | 985.28M | 123.22M | 60.79M | -388.91M |
| SpecialIncomeCharges | 836.01M | 10.81M | 20.51M | 68.90M |
| GainOnSaleOfPPE | 838.54M | 16.05M | 71.20M | 100.62M |
| ImpairmentOfCapitalAssets | 542.00K | 0.00 | 45.01M | 19.10M |
| RestructuringAndMergernAcquisition | 1.99M | 5.24M | 5.68M | 12.62M |
| EarningsFromEquityInterest | 141.31M | 112.46M | 38.69M | -461.35M |
| GainOnSaleOfSecurity | 7.96M | -47.00K | 1.59M | 3.54M |
| NetNonOperatingInterestIncomeExpense | -306.72M | -344.25M | -299.26M | -259.90M |
| TotalOtherFinanceCost | 19.26M | 21.92M | 23.30M | 21.80M |
| InterestExpenseNonOperating | 334.61M | 368.35M | 325.92M | 257.96M |
| InterestIncomeNonOperating | 47.15M | 46.02M | 49.97M | 19.87M |
| OperatingIncome | 272.15M | 263.87M | 300.58M | 287.85M |
| OperatingExpense | 1.54B | 1.52B | 1.51B | 1.51B |
| OtherOperatingExpenses | 919.96M | 927.80M | 905.16M | 873.91M |
| ProvisionForDoubtfulAccounts | 0.00 | 0.00 | 8.27M | 0.00 |
| DepreciationAmortizationDepletionIncomeStatement | 462.20M | 447.50M | 434.27M | 504.50M |
| DepreciationAndAmortizationInIncomeStatement | 462.20M | 447.50M | 434.27M | 504.50M |
| SellingGeneralAndAdministration | 156.12M | 148.52M | 162.88M | 133.73M |
| GeneralAndAdministrativeExpense | 156.12M | 148.52M | 162.88M | 133.73M |
| OtherGandA | 156.12M | 148.52M | 162.88M | 133.73M |
| GrossProfit | 906.00M | 926.08M | 791.89M | |
| CostOfRevenue | 905.16M | 873.91M | 797.32M | |
| TotalRevenue | 1.81B | 1.79B | 1.81B | 1.80B |
| OperatingRevenue | 1.81B | 1.79B | 1.81B | 1.80B |
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| PreferredSharesNumber | 48.79M | 48.79M | 48.79M | 48.79M |
| OrdinarySharesNumber | 190.67M | 190.85M | 190.39M | 191.87M |
| ShareIssued | 190.67M | 190.85M | 190.39M | 191.87M |
| NetDebt | 6.34B | 7.51B | 7.25B | 7.50B |
| TotalDebt | 7.89B | 8.99B | 8.98B | 9.13B |
| TangibleBookValue | 4.69B | 3.86B | 4.20B | 4.52B |
| InvestedCapital | 11.99B | 12.22B | 12.58B | 13.05B |
| WorkingCapital | 876.64M | 766.48M | 1.01B | 1.25B |
| NetTangibleAssets | 5.88B | 5.04B | 5.38B | 5.70B |
| CapitalLeaseObligations | 699.64M | 749.76M | 732.86M | 735.97M |
| CommonStockEquity | 4.80B | 3.98B | 4.33B | 4.66B |
| PreferredStockEquity | 1.18B | 1.18B | 1.18B | 1.18B |
| TotalCapitalization | 12.45B | 12.83B | 13.19B | 13.65B |
| TotalEquityGrossMinorityInterest | 6.80B | 6.17B | 6.34B | 6.51B |
| MinorityInterest | 817.80M | 1.01B | 834.67M | 673.38M |
| StockholdersEquity | 5.99B | 5.16B | 5.51B | 5.84B |
| GainsLossesNotAffectingRetainedEarnings | -5.00K | 57.70M | 65.11M | 174.97M |
| OtherEquityAdjustments | -5.00K | 57.70M | 65.11M | 174.97M |
| RetainedEarnings | -3.49B | -4.14B | -4.01B | -3.89B |
| AdditionalPaidInCapital | 8.29B | 8.05B | 8.26B | 8.37B |
| CapitalStock | 1.19B | 1.19B | 1.19B | 1.19B |
| CommonStock | 7.63M | 7.63M | 7.59M | 7.65M |
| PreferredStock | 1.18B | 1.18B | 1.18B | 1.18B |
| TotalLiabilitiesNetMinorityInterest | 8.72B | 9.83B | 9.84B | 9.98B |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 7.62B | 8.88B | 8.83B | 8.91B |
| OtherNonCurrentLiabilities | 341.36M | 345.51M | 311.13M | 268.17M |
| PreferredSecuritiesOutsideStockEquity | 688.68M | |||
| NonCurrentDeferredLiabilities | 113.78M | 114.58M | 105.25M | 96.32M |
| NonCurrentDeferredRevenue | 39.88M | 48.12M | ||
| LongTermDebtAndCapitalLeaseObligation | 7.16B | 8.42B | 8.41B | 8.55B |
| LongTermCapitalLeaseObligation | 699.64M | 749.76M | 732.86M | 735.97M |
| LongTermDebt | 6.47B | 7.67B | 7.68B | 7.81B |
| CurrentLiabilities | 1.10B | 949.01M | 1.02B | 1.07B |
| CurrentDeferredLiabilities | 28.42M | 32.20M | 39.88M | 48.12M |
| CurrentDeferredRevenue | 28.42M | 32.20M | 39.88M | 48.12M |
| CurrentDebtAndCapitalLeaseObligation | 720.42M | 575.00M | 575.00M | 575.00M |
| CurrentDebt | 720.42M | 575.00M | 575.00M | 575.00M |
| LineOfCredit | 720.42M | 575.00M | 575.00M | 575.00M |
| PayablesAndAccruedExpenses | 376.19M | 374.01M | 411.04M | 450.88M |
| Payables | 613.50M | |||
| AccountsPayable | 613.50M | |||
| TotalAssets | 15.52B | 16.00B | 16.19B | 16.49B |
| TotalNonCurrentAssets | 13.55B | 14.28B | 14.15B | 14.18B |
| OtherNonCurrentAssets | 294.59M | 373.45M | 333.80M | 474.11M |
| NonCurrentDeferredAssets | 374.62M | 354.88M | 355.01M | 373.56M |
| InvestmentsAndAdvances | 1.94B | 2.69B | 2.61B | 2.67B |
| InvestmentinFinancialAssets | 0.00 | 7.73M | ||
| AvailableForSaleSecurities | 471.96M | 7.73M | ||
| LongTermEquityInvestment | 1.94B | 2.69B | 2.61B | 2.67B |
| InvestmentProperties | 10.16B | 10.07B | 10.05B | 9.84B |
| GoodwillAndOtherIntangibleAssets | 110.59M | 118.22M | 127.08M | 139.64M |
| OtherIntangibleAssets | 127.08M | 139.64M | 154.90M | |
| NetPPE | 671.31M | 678.80M | 680.04M | 684.38M |
| GrossPPE | 671.31M | 678.80M | 680.04M | 684.38M |
| OtherProperties | 671.31M | 678.80M | 680.04M | 684.38M |
| CurrentAssets | 1.97B | 1.72B | 2.03B | 2.31B |
| AssetsHeldForSaleCurrent | 35.94M | 43.60M | 57.14M | |
| RestrictedCash | 136.70M | 215.67M | 264.58M | 131.47M |
| Receivables | 995.71M | 765.87M | 771.21M | 776.14M |
| OtherReceivables | 166.02M | |||
| AccountsReceivable | 829.68M | 765.87M | 771.21M | 776.14M |
| CashCashEquivalentsAndShortTermInvestments | 840.85M | 733.95M | 997.00M | 1.36B |
| OtherShortTermInvestments | 0.00 | 471.96M | 0.00 | |
| CashAndCashEquivalents | 840.85M | 733.95M | 997.00M | 889.69M |
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| FreeCashFlow | 1.26B | 537.72M | 648.15M | 798.94M |
| RepurchaseOfCapitalStock | -50.99M | 0.00 | -29.18M | 0.00 |
| RepaymentOfDebt | -1.90B | -97.44M | -148.00M | -1.25B |
| IssuanceOfDebt | 835.79M | 75.00M | 0.00 | 1.03B |
| IssuanceOfCapitalStock | 0.00 | 0.00 | 291.15M | |
| InterestPaidSupplementalData | 313.09M | 322.77M | 381.41M | 252.37M |
| IncomeTaxPaidSupplementalData | 5.20M | 7.61M | 10.37M | 7.95M |
| EndCashPosition | 977.55M | 949.62M | 1.26B | 1.02B |
| BeginningCashPosition | 949.62M | 1.26B | 1.02B | 1.93B |
| ChangesInCash | 27.93M | -311.96M | 240.43M | -909.19M |
| FinancingCashFlow | -1.35B | -252.32M | -278.94M | -801.27M |
| CashFlowFromContinuingFinancingActivities | -1.35B | -252.32M | -278.94M | -801.27M |
| NetOtherFinancingCharges | -23.87M | -26.67M | 89.43M | -111.00M |
| ProceedsFromStockOptionExercised | 146.00K | 885.00K | 899.00K | |
| CashDividendsPaid | -203.38M | -203.22M | -191.18M | -468.68M |
| PreferredStockDividendPaid | -62.10M | -62.11M | -62.12M | -62.12M |
| CommonStockDividendPaid | -141.28M | -141.10M | -129.07M | -406.56M |
| NetPreferredStockIssuance | 0.00 | 0.00 | -8.85M | |
| PreferredStockPayments | 0.00 | 0.00 | -300.00M | |
| PreferredStockIssuance | 0.00 | 0.00 | 291.15M | |
| NetCommonStockIssuance | -50.99M | 0.00 | -29.18M | 0.00 |
| CommonStockPayments | -50.99M | 0.00 | -29.18M | 0.00 |
| NetIssuancePaymentsOfDebt | -1.07B | -22.44M | -148.00M | -221.60M |
| NetLongTermDebtIssuance | -1.07B | -22.44M | -148.00M | -221.60M |
| LongTermDebtPayments | -1.90B | -97.44M | -148.00M | -1.25B |
| LongTermDebtIssuance | 835.79M | 75.00M | 0.00 | 1.03B |
| InvestingCashFlow | 115.51M | -597.37M | -128.79M | -906.86M |
| CashFlowFromContinuingInvestingActivities | 115.51M | -597.37M | -128.79M | -906.86M |
| NetOtherInvestingChanges | 714.00M | -50.00M | 105.00M | 1.55M |
| DividendsReceivedCFI | 18.87M | 34.42M | 106.00M | |
| NetInvestmentPurchaseAndSale | 0.00 | 0.00 | 468.60M | -468.60M |
| SaleOfInvestment | 0.00 | 0.00 | 468.60M | 597.50M |
| PurchaseOfInvestment | 0.00 | 0.00 | -1.07B | 0.00 |
| NetInvestmentPropertiesPurchaseAndSale | -613.84M | -432.01M | -649.74M | -439.51M |
| SaleOfInvestmentProperties | 95.71M | 33.60M | 148.00M | 461.28M |
| PurchaseOfInvestmentProperties | -709.55M | -465.61M | -797.75M | -900.79M |
| NetBusinessPurchaseAndSale | 15.34M | -115.36M | -52.64M | 1.25M |
| SaleOfBusiness | 50.93M | 0.00 | 18.87M | 34.42M |
| PurchaseOfBusiness | -35.59M | -115.36M | -71.51M | -33.17M |
| CapitalExpenditureReported | 0.00 | 0.00 | ||
| OperatingCashFlow | 1.26B | 537.72M | 648.15M | 798.94M |
| CashFlowFromContinuingOperatingActivities | 1.26B | 537.72M | 648.15M | 798.94M |
| DividendReceivedCFO | 114.75M | 142.88M | 172.87M | 184.50M |
| ChangeInWorkingCapital | -181.23M | -56.98M | -25.58M | 87.33M |
| ChangeInOtherCurrentLiabilities | -44.31M | 27.88M | 46.28M | 16.48M |
| ChangeInOtherCurrentAssets | -133.06M | -74.42M | -79.11M | -34.62M |
| ChangeInPayablesAndAccruedExpense | 6.28M | -6.80M | 10.72M | 5.72M |
| ChangeInPayable | 6.28M | -6.80M | 10.72M | 5.72M |
| ChangeInAccountPayable | 6.28M | -6.80M | 10.72M | 5.72M |
| ChangeInPrepaidAssets | 8.64M | -8.35M | -12.85M | 104.19M |
| ChangeInReceivables | -18.79M | 4.70M | 9.38M | -4.44M |
| OtherNonCashItems | 30.33M | 5.87M | 5.93M | -42.68M |
| StockBasedCompensation | 25.48M | 30.17M | 43.20M | 29.25M |
| UnrealizedGainLossOnInvestmentSecurities | 0.00 | 0.00 | ||
| AssetImpairmentCharge | 0.00 | 0.00 | 45.01M | 19.10M |
| AmortizationOfSecurities | 23.47M | 41.74M | 10.99M | 430.00K |
| DeferredTax | 3.53M | 13.01M | 17.02M | 14.01M |
| DeferredIncomeTax | 3.53M | 13.01M | 17.02M | 14.01M |
| DepreciationAmortizationDepletion | 481.46M | 469.42M | 457.57M | 526.31M |
| DepreciationAndAmortization | 481.46M | 469.42M | 457.57M | 526.31M |
| OperatingGainsLosses | -176.60M | -128.51M | -111.75M | 363.31M |
| EarningsLossesFromEquityInvestments | -141.31M | -112.46M | -38.69M | 461.35M |
| GainLossOnInvestmentSecurities | -1.86M | 2.59M | -4.62M | |
| GainLossOnSaleOfBusiness | 0.00 | |||
| NetIncomeFromContinuingOperations | 937.20M | 20.12M | 32.89M | -382.61M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for VNO
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|