Vornado Realty Trust (VNO)
NYSE: VNO · Real-Time Price · USD
39.72
+0.72 (1.85%)
At close: Jul 24, 2026, 4:00 PM EDT
39.32
-0.40 (-1.01%)
After-hours: Jul 24, 2026, 7:34 PM EDT

Vornado Realty Trust Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
1,8081,8101,7881,8111,8001,589
Revenue Growth
-0.27%1.27%-1.30%0.62%13.26%4.01%
Gross Profit
1,359890.47859.89906.01926.08791.9
Operating Income
265.06258.68245.99246265.75221.34
Net Income
756.01842.858.2843.38-408.62101.09
Earnings Per Share
3.644.200.040.23-2.130.53
EPS Growth
600.00%10400.00%-82.61%---

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Property Rentals
1,4551,4641,4871,5241,5111,354
Trade Shows
22.162221.5420.7832.6719.48
Tenant Services
45.8345.2441.5542.4645.2137.45
Parking
20.6220.3219.2120.3619.1613.39
BMS Cleaning Fees
160.55157.69149.23141.94137.67119.78
Management and Leasing Fees
11.2511.5614.6813.0411.0411.73
Other Income
83.4882.9354.9848.743.633.17
Revenue (Total)
1,8081,8101,7881,8111,8001,589

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
1,081840.85733.959971,3621,760
Total Debt
8,4137,8858,9938,9849,1258,986
Net Cash (Debt)
-7,331-7,044-8,259-7,987-7,763-7,226
Net Cash Growth
------
Net Cash Per Share
-37.48-35.04-42.00-41.63-40.48-37.61

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
1,2541,258537.72648.15798.94761.81
Capital Expenditures
-900.54-709.55-465.61-797.75-900.8-738.4
Free Cash Flow
353.56548.8472.11-149.59-101.8523.41
Free Cash Flow Growth
159.72%661.11%----

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
75.19%49.19%48.10%50.02%51.45%49.83%
Operating Margin
14.66%14.29%13.76%13.58%14.76%13.93%
Pretax Margin
0.75%52.51%2.40%3.43%-20.05%12.40%
Profit Margin
1.06%51.77%1.13%1.82%-21.26%13.06%
FCF Margin
19.56%30.32%4.03%-8.26%-5.66%1.47%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
0.7400.7400.7400.6752.1202.120
Dividend Per Share Growth
0%0%9.63%-68.16%0%-10.92%
Dividend Yield
1.86%2.21%1.76%2.39%10.19%5.06%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
10.737.921051.00122.83-78.98
P/FCF Ratio
-11.56111.26--342.90
PS Ratio
4.393.504.492.972.225.05