Vornado Realty Trust (VNO)

NYSE: VNO · IEX Real-Time Price · USD
26.02
+0.55 (2.16%)
Mar 18, 2024, 4:00 PM EDT - Market closed

Total Valuation

VNO has a market cap or net worth of $5.28 billion. The enterprise value is $13.00 billion.

Market Cap 5.28B
Enterprise Value 13.00B

Important Dates

The next estimated earnings date is Monday, April 29, 2024, after market close.

Earnings Date Apr 29, 2024
Ex-Dividend Date Dec 14, 2023

Share Statistics

VNO has 190.39 million shares outstanding. The number of shares has increased by 0.04% in one year.

Shares Outstanding 190.39M
Shares Change (YoY) +0.04%
Shares Change (QoQ) -3.65%
Owned by Insiders (%) 7.60%
Owned by Institutions (%) 90.88%
Float 174.64M

Valuation Ratios

The trailing PE ratio is 113.13.

PE Ratio 113.13
Forward PE n/a
PS Ratio 2.92
Forward PS 2.88
PB Ratio 0.96
P/FCF Ratio n/a
PEG Ratio 2.58
Financial Ratio History

Enterprise Valuation

EV / Earnings 299.76
EV / Sales 7.18
EV / EBITDA 13.81
EV / EBIT 26.87
EV / FCF n/a

Financial Position

Current Ratio n/a
Quick Ratio n/a
Debt / Equity 1.63
Debt / EBITDA 9.54
Debt / FCF n/a
Interest Coverage 1.39

Financial Efficiency

Return on equity (ROE) is 0.80% and return on invested capital (ROIC) is 1.71%.

Return on Equity (ROE) 0.80%
Return on Assets (ROA) 0.30%
Return on Capital (ROIC) 1.71%
Revenue Per Employee $617,091
Profits Per Employee $14,780
Employee Count 2,935
Asset Turnover 0.11
Inventory Turnover n/a

Taxes

In the past 12 months, VNO has paid $29.22 million in taxes.

Income Tax 29.22M
Effective Tax Rate 40.25%

Stock Price Statistics

The stock price has increased by +80.95% in the last 52 weeks. The beta is 1.55, so VNO's price volatility has been higher than the market average.

Beta (1Y) 1.55
52-Week Price Change +80.95%
50-Day Moving Average 26.50
200-Day Moving Average 23.13
Relative Strength Index (RSI) 50.31
Average Volume (30 Days) 2,398,900

Short Selling Information

The latest short interest is 17.76 million, so 9.33% of the outstanding shares have been sold short.

Short Interest 17.76M
Short Previous Month 18.53M
Short % of Shares Out 9.33%
Short % of Float 10.17%
Short Ratio (days to cover) 7.45

Income Statement

In the last 12 months, VNO had revenue of $1.81 billion and earned $43.38 million in profits. Earnings per share was $0.23.

Revenue 1.81B
Gross Profit 906.01M
Operating Income 317.20M
Pretax Income 134.72M
Net Income 43.38M
EBITDA 941.51M
EBIT 483.94M
Earnings Per Share (EPS) $0.23
Full Income Statement

Balance Sheet

The company has $1.26 billion in cash and $8.98 billion in debt, giving a net cash position of -$7.72 billion or -$40.56 per share.

Cash & Cash Equivalents 1.26B
Total Debt 8.98B
Net Cash -7.72B
Net Cash Per Share -$40.56
Equity / Book Value 5.51B
Book Value Per Share 28.94
Working Capital n/a
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $648.15 million and capital expenditures -$649.74 million, giving a free cash flow of -$1.59 million.

Operating Cash Flow 648.15M
Capital Expenditures -649.74M
Free Cash Flow -1.59M
FCF Per Share -$0.01
Full Cash Flow Statement

Margins

Gross margin is 50.02%, with operating and profit margins of 17.51% and 2.40%.

Gross Margin 50.02%
Operating Margin 17.51%
Pretax Margin 7.44%
Profit Margin 2.40%
EBITDA Margin 51.98%
EBIT Margin 26.72%
FCF Margin -0.09%

Dividends & Yields

This stock pays an annual dividend of $1.20, which amounts to a dividend yield of 4.61%.

Dividend Per Share $1.20
Dividend Yield 4.61%
Dividend Growth (YoY) -84.73%
Years of Dividend Growth n/a
Payout Ratio 521.74%
Buyback Yield -0.04%
Shareholder Yield 4.57%
Earnings Yield 0.82%
FCF Yield -0.03%
Dividend Details

Analyst Forecast

The average price target for VNO is $23.10, which is -11.22% lower than the current price. The consensus rating is "Sell".

Price Target $23.10
Price Target Difference -11.22%
Analyst Consensus Sell
Analyst Count 10
Revenue Growth Forecast (5Y) 2.94%
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Stock Splits

The last stock split was on July 18, 2017. It was a forward split with a ratio of 1237:1000.

Last Split Date Jul 18, 2017
Split Type Forward
Split Ratio 1237:1000

Scores

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