Vornado Realty Trust (VNO)
NYSE: VNO · Real-Time Price · USD
36.59
+0.05 (0.14%)
Sep 4, 2026, 4:00 PM EDT - Market closed
Vornado Realty Trust Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Net Income | 67.88 | 904.96 | 70.39 | 105.49 | -346.5 | 176 |
Depreciation & Amortization | 519.79 | 461.82 | 444.47 | 429.01 | 499.32 | 403.1 |
Other Amortization | 20.18 | 920.67 | 21.92 | 23.3 | 21.8 | 20.25 |
Gain (Loss) on Sale of Assets | -11.25 | -35.29 | -16.05 | -71.2 | -100.63 | -50.77 |
Gain (Loss) on Sale of Investments | 9.38 | 23.47 | 41.75 | 9.13 | 3.02 | -4.61 |
Asset Writedown | - | - | - | 45.01 | 19.1 | 7.88 |
Stock-Based Compensation | 25.4 | 25.48 | 30.17 | 43.2 | 29.25 | 38.33 |
Income (Loss) on Equity Investments | 9.74 | -26.56 | 30.42 | 134.18 | 645.85 | 84 |
Change in Accounts Receivable | -37.52 | -18.79 | 4.7 | 9.38 | -4.44 | -0.19 |
Change in Accounts Payable | 39.67 | 6.28 | -6.8 | 10.72 | 5.72 | 35.86 |
Change in Other Net Operating Assets | -99.75 | -168.72 | -54.89 | -45.68 | 86.05 | -32.12 |
Other Operating Activities | -152.64 | -834.92 | -28.35 | -44.39 | -59.61 | 76.39 |
Operating Cash Flow | 390.89 | 1,258 | 537.72 | 648.15 | 798.94 | 761.81 |
Operating Cash Flow Growth | -71.89% | 134.02% | -17.04% | -18.87% | 4.88% | 79.57% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Acquisition of Real Estate Assets | -807.22 | -709.55 | -465.61 | -797.75 | -900.8 | -738.4 |
Sale of Real Estate Assets | 98.32 | 95.71 | 33.61 | 148 | 461.28 | 237.43 |
Net Sale / Acq. of Real Estate Assets | -708.91 | -613.84 | -432.01 | -649.74 | -439.51 | -500.97 |
Cash Acquisition | - | - | - | - | - | -123.94 |
Investment in Marketable & Equity Securities | -249.39 | 764.34 | -115.36 | 430.17 | -467.35 | 91.01 |
Investing Cash Flow | -908.3 | 115.51 | -597.37 | -128.79 | -906.86 | -532.35 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Long-Term Debt Issued | - | 835.79 | 75 | - | 1,030 | 3,248 |
Long-Term Debt Repaid | - | -1,904 | -97.44 | -148 | -1,251 | -1,584 |
Net Debt Issued (Repaid) | 389.73 | -1,068 | -22.44 | -148 | -221.6 | 1,664 |
Issuance of Common Stock | - | - | - | - | - | 0.9 |
Repurchase of Common Stock | -184.39 | -50.99 | - | -29.18 | - | -1.57 |
Preferred Stock Issued | - | - | - | - | - | 291.15 |
Preferred Share Repurchases | - | - | - | - | - | -300 |
Common Dividends Paid | -141.28 | -141.28 | -141.1 | -129.07 | -406.56 | -406.11 |
Preferred Dividends Paid | -62.1 | -62.1 | -62.11 | -62.12 | -62.12 | -65.88 |
Total Dividends Paid | -203.38 | -203.38 | -203.22 | -191.18 | -468.68 | -471.99 |
Other Financing Activities | -58.93 | -23.87 | -26.67 | 89.43 | -111 | -1,212 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Net Cash Flow | -574.38 | 27.93 | -311.97 | 240.43 | -909.19 | 199.98 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Levered Free Cash Flow | 445.74 | 1,269 | 515.88 | 366.66 | 550.55 | 686.54 |
Unlevered Free Cash Flow | 628.39 | 1,456 | 711.78 | 554.75 | 703.33 | 795.9 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Cash Interest Paid | 295.17 | 313.09 | 322.77 | 381.41 | 252.37 | 188.59 |
Cash Income Tax Paid | 6.87 | 5.2 | 7.61 | 10.37 | 7.95 | 9.16 |
Change in Working Capital | -97.59 | -181.23 | -56.98 | -25.58 | 87.33 | 3.55 |