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Vornado Realty Trust(NYSE) VNO

Current Price$39.05
Market Cap$7.52BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1968)+14,708%
5 Year+7%
1 Year+6%
1 Month+6%
Vornado Realty Trust last closing stock price
MetricPriceDate
Last closeUSD 39.972026-07-21
Vornado Realty Trust stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+2.15%USD 39.132026-07-14
1 month+5.71%USD 37.812026-06-18
3 month+36.93%USD 29.192026-04-22
Year to date+20.1%USD 33.282025-12-31
1 year+5.51%USD 37.882025-07-21
3 year+106.66%USD 19.342023-07-21
5 year+6.58%USD 37.502021-07-22
Since inception+14,708.08%USD 0.271968-01-02

Vornado Realty Trust Financials at a Glance

Market Cap

$7.52BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$1.81B

Net Income (TTM)

$795.27M

EPS (TTM)

$3.64

P/E Ratio

10.98

Dividend

$0.74

Beta (Volatility)

1.27 (Average)

Price

$39.05

Volume

8,845

Open

$39.58

Previous Close

$39.97

Daily Range

$39.01 - $39.71

52-Week Range

$24.57 - $43.37

Estimated Earnings Date

Aug 3, 2026

VNO News

A person looking up at office buildings.

Vornado Realty Trust Could Soar If These 2 Things Go Right

Matt DiLalloFeb 19, 2026
BuyAlert-Blue.png

Resolution Capital Bets on Vornado Realty Trust's Urban Portfolio With $168 Million Buy

Jake LerchDec 10, 2025
SellAlert-Red.png

This REIT Stock Is Still Down 60% — and One Investor Just Sold Out Completely

Jonathan PoncianoDec 8, 2025
Foolcom-Featured.png

Vornado (VNO) Q2 Net Income Jumps 1,955%

Motley Fool Markets TeamAug 5, 2025
One goldfish swimming in the opposite direction of a school with a lightbulb over its head.

What Is Contrarian Investing?

Adam LevyFeb 22, 2025
office building - skyscraper

Why Vornado Stock Was Falling in December

Jeremy BowmanJan 9, 2023
22_12_26 A roll of money in a mouse trap _MF Dload

Expect This High-Yield Stock to Cut Its Dividend

Reuben Gregg BrewerJan 1, 2023
office building - skyscraper

Meta Platforms Just Fired a Warning Shot at Office REITs

Jeremy BowmanNov 3, 2022
Page 1

VNO: Motley Fool Moneyball Superscore

54

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About Vornado Realty Trust

Vornado owns and runs high-quality office and retail spaces in major cities. They help large companies and famous brands find workspaces and store locations in busy urban areas. These properties provide essential hubs for commerce and city living.

What Vornado Owns

  • New York Office: Professional workspaces across 26 Manhattan properties totaling 19.2 million square feet.
  • Street Retail: High-visibility shopping spaces located in 45 Manhattan buildings covering 2.3 million square feet.
  • THE MART: Large-scale commercial property in Chicago providing 3.7 million square feet of space.
  • 555 California Street: Three-building office complex in San Francisco where the company holds a 70% controlling interest.
  • Residential and Signage: Rental apartments in New York and Queens along with high-profile advertising signs in Times Square.

Growth and New Projects

  • Purchased the 623 Fifth Avenue office condominium in September 2025 for $218 million to start a new redevelopment project.
  • Sold a flagship store portion at 666 Fifth Avenue to UNIQLO for $350 million during 2025.
  • Partnered with Hudson Pacific Properties and Blackstone Inc. to build a studio campus at Pier 94 in Manhattan.
  • Negotiated an option for an affiliate of Citadel to develop a new 1.8 million square foot tower at 350 Park Avenue.
  • Acquired a $35 million investment in 3 East 54th Street in 2025 and bought the full property in January 2026.

Operational Strengths

Vornado focuses on owning premier assets in transit-rich areas like the PENN District to attract top-tier tenants. The company also leads in environmental standards with 100% of its certifiable New York office portfolio holding LEED certification.

The Recent Numbers

  • Total revenue was $453.7 million in Q4 2025, down 0.9% from Q4 2024.
  • Net income reached $16.1 million in Q4 2025, down 3.6% year-over-year.
  • Operating cash flow was $146.3 million in Q4 2025, a 29.1% decrease from Q4 2024.
  • Operating income hit $66.2 million in Q4 2025, down 8.1% compared to the previous year.
  • The company managed $7.2 billion in total debt as of December 31, 2025.

Bottom Line

Vornado has transitioned its focus toward redeveloping major Manhattan hubs and improving environmental efficiency across its portfolio. The company maintains its position by concentrating on high-demand urban centers and modernizing older office assets.

AI Generated • Apr 23, 2026

Industry

Office REITs

Sector

Real Estate

Employees

3,145

CEO

Steven Roth, MBA

Website

www.vno.com

Headquarters

New York City, NY 10019, US

VNO Financials

Key Financial Metrics (TTM)

Gross Margin

73.25%

Operating Margin

13.30%

Net Income Margin

43.99%

Return on Equity

13.17%

Return on Capital

1.96%

Return on Assets

5.00%

Earnings Yield

9.11%

Dividend Yield

1.85%

Payout Ratio

25.57%

Stock Overview

Market Cap

$7.52BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

188.10M

Volume

8.85K

Avg. Volume

1.76M

Financials (TTM)

Gross Profit

$1.32B

Operating Income

$240.42M

EBITDA

$1.64B

Operating Cash Flow

$1.25B

Capital Expenditure

$0.00

Free Cash Flow

$1.25B

Cash & ST Invst.

$1.08B

Total Debt

$8.41B

Vornado Realty Trust Performance Analysis

Vornado Realty Trust annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 1,799,995,00013.3%
20232023-12-31USD 1,811,163,0000.6%
20242024-12-31USD 1,787,686,000-1.3%
20252025-12-31USD 1,810,425,0001.3%
Vornado Realty Trust sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-4.4%
Q32025-09-302.8%
Q42025-12-310.0%
Q12026-03-311.2%
Vornado Realty Trust annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -2.13N/A
20232023-12-31USD 0.23N/A
20242024-12-31USD 0.04-81.4%
20252025-12-31USD 4.209874.6%
Vornado Realty Trust sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30760.5%
Q32025-09-30-98.4%
Q42025-12-31-94.8%
Q12026-03-31-3971.0%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$459.11M

-0.5%

Gross Profit

-$24.58M

-105.3%

Gross Margin

-5.35%

N/A

Market Cap

$7.52BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$2.39M

N/A

Employees

3,145

N/A

Net Income

-$7.32M

-107.1%

EBITDA

$191.62M

-39.9%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$1.08B

+90.1%

Total Debt

$8.41B

-1.3%

Accounts Receivable

$1.04B

+33.3%

Inventory

$0.00

N/A

Long Term Debt

$7.69B

-3.2%

Short Term Debt

$718.00M

+24.9%

Return on Assets

5.00%

N/A

Return on Invested Capital

1.62%

N/A

Free Cash Flow

$47.75M

-8.2%

Operating Cash Flow

$47.75M

-8.2%

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Questions About VNO

What is the current price of Vornado Realty Trust?

Vornado Realty Trust is trading at $39.05 per share.

What is the 52-week range for Vornado Realty Trust?

Over the past 52 weeks, Vornado Realty Trust has traded between $24.57 and $43.37.

How much debt does Vornado Realty Trust have?

As of the most recent reporting period, Vornado Realty Trust reported total debt of $8.43B.

How much cash does Vornado Realty Trust have on hand?

Vornado Realty Trust reported $1.21B in cash and cash equivalents in its most recent financial results.

What is Vornado Realty Trust’s dividend yield?

Vornado Realty Trust currently has a dividend yield of 1.85%.

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