Vornado Realty Trust (VNO)

Vornado Realty Trust Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	1,892	1,865	1,900	1,833	1,905	1,705
Revenue Growth	-0.60%	-1.87%	3.64%	-3.74%	11.70%	42.23%
Net Income Net Income Growth	-52.95	842.85	8.28	43.38	-408.63	101.05
Earnings Per Share EPS Growth	-0.28	4.20	0.04	0.23	-2.13	0.53
EPS Growth	-	10398.18%	-82.39%	-	-	-

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Property Rentals Property Rentals Growth	1,492	1,464	1,487	1,524	1,511	1,354
Trade Shows Trade Shows Growth	23.22	22	21.54	20.78	32.67	19.48
Tenant Services Tenant Services Growth	49.19	45.24	41.55	42.46	45.21	37.45
Parking Parking Growth	21.09	20.32	19.21	20.36	19.16	13.39
BMS Cleaning Fees BMS Cleaning Fees Growth	149.31	157.69	149.23	141.94	137.67	119.78
Management and Leasing Fees Management and Leasing Fees Growth	10.8	11.56	14.68	13.04	11.04	11.73
Other Income Other Income Growth	86.59	82.93	54.98	48.7	43.6	33.17
Revenue (Total) Revenue (Total) Growth	1,843	1,810	1,788	1,811	1,800	1,589

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	626.53	854.88	823.97	1,140	1,073	1,779
Total Debt Total Debt Growth	8,194	7,938	9,044	9,045	9,174	9,069
Net Cash (Debt) Net Cash Growth	-7,567	-7,083	-8,220	-7,905	-8,101	-7,289
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-40.07	-35.23	-41.81	-41.20	-42.24	-37.94

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	409.27	1,258	537.72	648.15	798.94	761.81
Free Cash Flow Free Cash Flow Growth	409.27	1,258	537.72	648.15	798.94	761.81
Free Cash Flow Growth	-68.95%	134.02%	-17.04%	-18.87%	4.88%	79.57%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Margin	11.32%	17.50%	19.80%	18.06%	20.61%	21.17%
Pretax Margin	-0.16%	50.99%	2.25%	3.39%	-18.95%	11.56%
Profit Margin	-2.80%	45.20%	0.43%	2.37%	-21.45%	5.93%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 5, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	0.740	0.740	0.740	0.675	2.120	2.120
Dividend Per Share Growth	0%	0%	9.63%	-68.16%	0%	-10.92%
Dividend Yield	2.10%	2.21%	1.76%	2.39%	10.19%	5.07%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 5, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	-	7.58	968.57	123.95	-	79.40
PS Ratio	3.91	3.43	4.22	2.93	2.10	4.71

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Sep 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Quarterly

Last checked:

Nov 5, 2026

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