Vornado Realty Trust (VNO)
NYSE: VNO · Real-Time Price · USD
37.16
+2.21 (6.32%)
Nov 25, 2025, 4:00 PM EST - Market closed

Vornado Realty Trust Statistics

Total Valuation

VNO has a market cap or net worth of $7.76 billion. The enterprise value is $14.67 billion.

Market Cap7.76B
Enterprise Value 14.67B

Important Dates

The last earnings date was Monday, November 3, 2025, after market close.

Earnings Date Nov 3, 2025
Ex-Dividend Date Dec 16, 2024

Share Statistics

VNO has 208.75 million shares outstanding. The number of shares has increased by 5.46% in one year.

Current Share Class 192.05M
Shares Outstanding 208.75M
Shares Change (YoY) +5.46%
Shares Change (QoQ) -0.46%
Owned by Insiders (%) 5.39%
Owned by Institutions (%) 84.60%
Float 160.03M

Valuation Ratios

The trailing PE ratio is 8.85.

Price/FFO Ratio 15.23
Price/AFFO Ratio -139.01
PE Ratio 8.85
Forward PE n/a
PS Ratio 3.74
Forward PS 4.31
PB Ratio 1.46
P/TBV Ratio 1.63
P/FCF Ratio n/a
P/OCF Ratio 5.88
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

EV / Earnings 17.39
EV / Sales 7.71
EV / EBITDA 17.70
EV / EBIT 39.93
EV / FCF n/a

Financial Position

The company has a current ratio of 5.61, with a Debt / Equity ratio of 1.13.

Current Ratio 5.61
Quick Ratio 5.24
Debt / Equity 1.13
Debt / EBITDA 8.94
Debt / FCF n/a
Interest Coverage 1.08

Financial Efficiency

Return on equity (ROE) is 14.12% and return on invested capital (ROIC) is 1.52%.

Return on Equity (ROE) 14.12%
Return on Assets (ROA) 1.44%
Return on Invested Capital (ROIC) 1.52%
Return on Capital Employed (ROCE) 2.39%
Revenue Per Employee $635,494
Profits Per Employee $281,526
Employee Count2,996
Asset Turnover 0.12
Inventory Turnover n/a

Taxes

In the past 12 months, VNO has paid $11.55 million in taxes.

Income Tax 11.55M
Effective Tax Rate 1.22%

Stock Price Statistics

The stock price has decreased by -12.40% in the last 52 weeks. The beta is 1.48, so VNO's price volatility has been higher than the market average.

Beta (5Y) 1.48
52-Week Price Change -12.40%
50-Day Moving Average 38.34
200-Day Moving Average 38.27
Relative Strength Index (RSI) 54.50
Average Volume (20 Days) 1,812,472

Short Selling Information

The latest short interest is 7.60 million, so 3.64% of the outstanding shares have been sold short.

Short Interest 7.60M
Short Previous Month 7.31M
Short % of Shares Out 3.64%
Short % of Float 4.75%
Short Ratio (days to cover) 6.95

Income Statement

In the last 12 months, VNO had revenue of $1.90 billion and earned $843.45 million in profits. Earnings per share was $4.20.

Revenue1.90B
Gross Profit 982.04M
Operating Income 367.43M
Pretax Income 949.60M
Net Income 843.45M
EBITDA 828.86M
EBIT 367.43M
Earnings Per Share (EPS) $4.20
Full Income Statement

Balance Sheet

The company has $1.03 billion in cash and $7.95 billion in debt, giving a net cash position of -$6.91 billion or -$33.12 per share.

Cash & Cash Equivalents 1.03B
Total Debt 7.95B
Net Cash -6.91B
Net Cash Per Share -$33.12
Equity (Book Value) 7.02B
Book Value Per Share 25.43
Working Capital 1.77B
Full Balance Sheet

Cash Flow

Operating Cash Flow 1.32B
Capital Expenditures n/a
Free Cash Flow n/a
FCF Per Share n/a
Full Cash Flow Statement

Margins

Gross margin is 51.58%, with operating and profit margins of 19.30% and 47.56%.

Gross Margin 51.58%
Operating Margin 19.30%
Pretax Margin 49.88%
Profit Margin 47.56%
EBITDA Margin 43.53%
EBIT Margin 19.30%
FCF Margin n/a

Dividends & Yields

This stock pays an annual dividend of $0.74, which amounts to a dividend yield of 2.12%.

Dividend Per Share $0.74
Dividend Yield 2.12%
Dividend Growth (YoY) 9.63%
Years of Dividend Growth 1
Payout Ratio 17.62%
Buyback Yield -5.46%
Shareholder Yield -3.46%
Earnings Yield 10.87%
FCF Yield n/a
Dividend Details

Analyst Forecast

The average price target for VNO is $38.58, which is 3.82% higher than the current price. The consensus rating is "Hold".

Price Target $38.58
Price Target Difference 3.82%
Analyst Consensus Hold
Analyst Count 12
Revenue Growth Forecast (5Y) 2.73%
EPS Growth Forecast (5Y) 68.63%
Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

The last stock split was on October 21, 1997. It was a forward split with a ratio of 2:1.

Last Split Date Oct 21, 1997
Split Type Forward
Split Ratio 2:1

Scores

Altman Z-Score n/a
Piotroski F-Score 6