Vornado Realty Trust Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Property Revenue	1,558	1,569	1,607	1,608	1,425
Service and Other Revenue	252.18	218.88	203.68	192.31	164.68
Revenue	1,810	1,788	1,811	1,800	1,589
Revenue Growth (YoY)	1.27%	-1.30%	0.62%	13.26%	4.01%
Property Expenses	919.96	927.8	905.16	873.91	797.32
Total Property Expenses	919.96	927.8	905.16	873.91	797.32
Gross Profit	890.47	859.89	906.01	926.08	791.9
Selling, General & Admin	156.12	148.52	162.88	133.73	134.55
Depreciation & Amortization Expenses	462.2	447.5	434.27	504.5	412.35
Other Operating Expenses	13.47	17.88	62.85	22.11	23.66
Operating Income	258.68	245.99	246	265.75	221.34
Net Gains on Disposal of Properties	838.54	16.05	71.2	100.63	50.77
Interest Income	207.36	171.08	94.14	-447.56	156.04
Interest Expense	-353.87	-390.27	-349.22	-279.77	-231.1
Total Non-Operating Income (Expense)	692.03	-203.15	-183.89	-626.7	-24.28
Pretax Income	950.71	42.85	62.11	-360.95	197.06
Provision for Income Taxes	13.51	22.73	29.22	21.66	10.5
Net Income	842.85	8.28	43.38	-408.62	101.09
Minority Interest in Earnings	32.25	-50.27	-72.61	-36.11	31.55
Net Income Attributable to Preferred Dividends	62.1	62.11	62.12	62.12	74.91
Net Income to Common	842.85	8.28	43.38	-408.62	101.09
Net Income Growth	10085.51%	-80.92%	-	-	-
Shares Outstanding (Basic)	192	191	191	192	192
Shares Outstanding (Diluted)	201	197	192	192	192
Shares Change (YoY)	2.25%	2.49%	0.04%	-0.18%	0.81%
EPS (Basic)	4.40	0.04	0.23	-2.13	0.53
EPS (Diluted)	4.20	0.04	0.23	-2.13	0.53
EPS Growth	10400.00%	-82.61%	-	-	-
Free Cash Flow	548.84	72.11	-149.59	-101.85	23.41
Free Cash Flow Growth	661.11%	-	-	-	-
Free Cash Flow Per Share	2.73	0.37	-0.78	-0.53	0.12
Dividends Per Share	0.740	0.740	0.675	2.120	2.120
Dividend Growth	-	9.63%	-68.16%	-	-10.92%
Gross Margin	49.19%	48.10%	50.02%	51.45%	49.83%
Operating Margin	14.29%	13.76%	13.58%	14.76%	13.93%
Profit Margin	51.77%	1.13%	1.82%	-21.26%	11.74%
FCF Margin	30.32%	4.03%	-8.26%	-5.66%	1.47%
EBITDA	740.14	715.41	703.57	792.05	653.94
EBITDA Margin	40.88%	40.02%	38.85%	44.00%	41.15%
EBIT	258.68	245.99	246	265.75	221.34
EBIT Margin	14.29%	13.76%	13.58%	14.76%	13.93%
Effective Tax Rate	1.42%	53.05%	47.05%	-6.00%	5.33%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q