1. MARKETS
  2. SECTOR : REAL ESTATE
  3. INDUSTRY : REAL ESTATE INVESTMENT TRUSTS
  4. VORNADO REALTY TRUST
Vornado Realty Trust
XNYS: VNO
33.780.26(0.78%)
1.3M
XNYS Volume

XNYS 07 Oct, 2026 5:30 PM (EDT)

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Vornado Realty Trust quarterly and annual earnings report: results, revenue, profit, P&L, balance sheet, cash flow, financial ratios, revenue mix, peer comparison, and financial documents

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Forecaster Analyst Estimates for Vornado Realty Trust share price target, revenues, EPS, net income and more

Vornado Realty Trust quarterly results: revenue, profit, and P&L – 13 quarter history

  • POSITIVE

    Quarterly Revenue Vornado Realty Trust Jun-2026 Quarterly Revenue is $462 Million which is growth of 4.7% YoY.

  • NEGATIVE

    Quarterly Net Profit Vornado Realty Trust Jun-2026 Quarterly Net Profit is $32 Million which is growth of -95.8% YoY.

Vornado Realty Trust, Earnings Report - Quarterly Results, standalone, All financials are in USD Million and price data in USD
IndicatorGraphJun '26Mar '26Dec '25Sep '25Jun '25Mar '25Dec '24Sep '24Jun '24Mar '24Dec '23Sep '23Jun '23
Operating Rev.
462.2459.1453.7453.7441.4461.6457.8443.3450.3436.4441.9451472.4
Cost Of Rev.
----------219.9233.7222.7
Gross Profit
----------222217.3249.6
⌄
434407.4387.5396.4374.9379.5385.7387.7377.6372.8384.4379.9369.3
Operating Profit
28.351.766.257.366.582.172.155.672.663.657.571.1103.1
-80.6-79.9-72.9-69.2-76.9-87.7-89.2-88.5-87.8-78.8-73.5-75.2-73.9
Profit Before Tax
42.8-16.112.713.7817.410711.6-14.645.40.5-92.271.367.2
Tax
3.65.97.8-5.64.17.25.84.95.36.78.411.74.5
⌄
16.4-22.80.611.6743.886.81.2-19.235.3-9-6152.846.4
Diluted NI Avail to Com Stockholders Ann.
16.4-22.9-0.611.6744.287.11.2-19.235.3-9-62.153.246.8
Basic EPS
0.1-0.10.13.90.50-0.10.2-0.1-0.30.30.2
Diluted EPS After ExtraOrdinary
-0.1-0.1-0.10.1-0.30.40-0.10.1-0.1-0.200.2
Number Of Shares End
187.3189.7191.6192.1192191.4190.7190.6190.5190.4190.3190.4191.5
Net Income Continuing Discontinued Operations
32-7.316.127.1759.4102.416.7-3.650.86.5-45.568.461.9
Normalized Income
2.7-6.95.924.4-47.687.817.7-3.739.77-13.820.661.2
Interest Income
99.312.715.3118.111.312.510.611.714.212.913.3
Interest
84.483.780.979.783.290.795.295.692.485.182.482.181.2
Net Interest Income
-80.6-79.9-72.9-69.2-76.9-87.7-89.2-88.5-87.8-78.8-73.5-75.2-73.9
EBIT
127.267.693.693.4900.6197.7106.881137.885.6-9.9153.4148.4
EBITDA
303.3191.6212215.11,020.7319228201.4251.7199.6109.7268.4258.8
Reconciled Cost Of Rev.
----------210.5229.1219.5
Reconciled Depr.
176.2124.1118.4121.8120.1121.3121.1120.4113.9114119.6115110.4
Profit From Continuing Operations
39.2-224.919.2813.299.85.8-19.540.1-6.3-100.659.662.7
Normalized EBITDA
271.4192.4198.3211.5209.6303.3229.2201.3239.1200.2152.4211.3258
*All financials are in USD Million and price data in USD

Vornado Realty Trust competitor comparison and performance snapshot within industry

Vornado Realty Trust annual results: revenue, profit, P&L, and margins as of Dec 2025 – 11 year history

  • POSITIVE

    Annual Revenue Vornado Realty Trust Dec-2025 Annual Revenue is $1,810 Million which is growth of 1.3% YoY.

  • POSITIVE

    Annual Net Profit Vornado Realty Trust Dec-2025 Annual Net Profit is $905 Million which is growth of 1185.7% YoY.

Vornado Realty Trust, Earnings Report - Annual Results, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsTTMDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17Dec '16Dec '15
0.2%
3.4%
 1,810.41,787.71,811.21,8001,589.21,5281,924.72,163.72,084.12,506.22,502.3
Cost Of Rev. Ann.
-
-
 --905.2873.9797.3789.1918963.5886.61,024.3
Gross Profit Ann.
-
-
 --906926.1791.9738.91,006.71,200.21,197.51,481.92,502.3
Operating Exp. Ann.
0.6%
2.1%
1,625.31,538.31,523.81,510.61,512.11,344.21,383.61,5071,551.91,4751,768.71,729.5
Operating Profit Ann.
-1.9%
13.5%
203.5272.2263.9300.6287.9245144.3417.7611.8609.1737.5772.8
-
-
-302.6-306.7-344.3-299.3-259.9-226.5-216.4-263.2-317.8-328.1-391.5-364
Other Exp. Ann.
-
-
 985.3123.260.8-388.9178.5-353.13,283.3165.637.4637313.7
PBT Ann.
-
-
53950.742.862.1-361197.1-425.23,437.7459.6318.5983.1722.5
Tax Ann.
-14.6%
-18.1%
11.713.522.729.221.7-10.536.6103.437.641.18.3-84.7
⌄
-
-
5.8842.98.343.4-408.6101.1-348.83,097.5384.8162823.5679.8
Diluted NI Avail to Com Stockholders Ann.
-
-
4.5842.98.343.4-408.6101.1-348.83,097.6385162.2824.4679.9
EPS Ann.
-
-
 4.400.2-2.10.5-1.816.220.94.43.6
Diluted EPS Ann.
-
-
 4.200.2-2.10.5-1.816.220.94.33.6
Number Of Shares End
0%
0%
 191.6190.7190.3191.8191.7191.3190.9190.4189.9189188.5
Total Exp. Ann.
0.6%
2.1%
 1,538.31,523.81,510.61,512.11,344.21,383.61,5071,551.91,4751,768.71,729.5
Net Income Continuing Discontinued Operations Ann.
-
-
67.990570.4105.5-346.5176-2973,147.9450227.4906.9760.4
Normalized Income Ann.
-
-
26.27362.489.1-400.3140.9-228.22,533.7305.7221.3432.1512.4
Interest Income Ann.
33.4%
29.8%
46.347.2465019.94.612.823.430.217.611.214
Interest Ann.
9.1%
9.7%
328.7334.6368.4325.9258210.9210.8262.8316311.6368345.9
EBITDA Ann.
61%
54.1%
922.11,766.8880.6845.6423.3840.5203.54,139.51,248.41,159.91,946.31,634.5
Reconciled Cost Of Rev. Ann.
-
-
 --881.9852.1777.1770.8898.2937.3786.2994.1
Reconciled Depr. Ann.
-2.9%
2.9%
540.4481.5469.4457.6526.3432.6417.9438.9472.8529.8595.3566.2
Profit From Continuing Operations Ann.
-
-
41.3937.220.132.9-382.6207.6-461.83,334.3422.6264.1981.9859.4
Normalized EBITDA Ann.
38%
25.4%
873.7922.8869.9823.5350.9792.5297.83,506.21,091.91,137.71,474.71,308.2
*All financials are in USD Million and price data in USD
Total Rev. Ann.
1Y CHG
1.3%
2Y CAGR
0%
3Y CAGR
0.2%
5Y CAGR
3.4%
7Y CAGR
-2.5%
10Y CAGR
-3.2%
Total Revenue Annual growth is stable compared to historical averages.
Net Profit Ann.
1Y CHG
1185.5%
2Y CAGR
192.9%
7Y CAGR
10.5%
10Y CAGR
1.8%
Net Profit Annual growth is higher than historical averages.
Operating Exp. Ann.
1Y CHG
1%
2Y CAGR
0.9%
3Y CAGR
0.6%
5Y CAGR
2.1%
7Y CAGR
-0.1%
10Y CAGR
-1.2%
Operating Expenses Annual Cr growth is stable compared to historical averages.

Vornado Realty Trust balance sheet as of Dec 2025: assets, liabilities, reserves, and borrowings – 11 year history

  • POSITIVE

    Total Shareholders Fund Vornado Realty Trust Dec-2025 Total Shareholders Fund is $4,804 Million which is growth of 20.8% YoY.

  • NEGATIVE

    Total Assets Vornado Realty Trust Dec-2025 Total Assets is $15,521 Million which is growth of -3.0% YoY.

Vornado Realty Trust, Balance Sheet, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17Dec '16Dec '15
-2%
-0.9%
15,521.115,998.616,187.716,493.417,266.616,221.818,28717,180.817,397.920,814.921,143.3
⌄
-4.4%
0.1%
8,716.69,826.79,843.99,980.310,062.78,667.410,087.111,289.411,405.311,917.912,438
⌄
1%
-2.1%
4,804.43,975.94,326.64,657.35,053.95,350.95,840.83,573.93,445.75,860.55,420.6
Total Capitalization Ann.
-3%
-1.4%
12,451.912,826.113,185.513,653.814,277.313,357.213,563.614,221.914,067.117,394.617,238.6
Tangible Assets Ann.
1%
-2%
5,876.15,0405,3825,700.16,081.56,509.36,701.14,328.54,178.46,705.86,469.7
Working Capital Ann.
-11.1%
-11.4%
876.6738.11,050.51,247.11,5351,608.11,440.71,3142,484.42,152.21,978.9
Invested Capital Ann.
-2.8%
-1.2%
11,99012,218.812,578.113,046.313,669.812,749.913,247.413,410.613,175.216,472.216,511.7
Tangible Book Value Ann.
1.3%
-2.5%
4,693.83,857.74,199.54,517.64,8995,3275,809.93,437.23,286.45,667.75,192.7
Borrowings Ann.
-4.8%
0.2%
7,885.38,992.68,984.39,1258,986.27,8007,904.99,836.69,729.510,611.711,091
Net Debt Ann.
-5.4%
1.9%
6,344.87,508.97,254.57,499.46,855.75,774.55,891.69,265.77,911.89,110.79,255.3
Share Issued Ann.
-0.2%
-0.1%
190.7190.9190.4191.9191.7191.4191190.5190189.1188.6
Number Of Shares End
0%
0%
191.6190.7190.3191.8191.7191.3190.9190.4189.9189188.5
*All financials are in USD Million and price data in USD
Total Assets Ann.
1Y CHG
-3%
2Y CAGR
-2.1%
3Y CAGR
-2%
5Y CAGR
-0.9%
7Y CAGR
-1.4%
10Y CAGR
-3%
Total Assets Annual is falling faster than historical averages.
Total Current Liabilities Ann.
1Y CHG
12.2%
2Y CAGR
3.8%
3Y CAGR
1%
5Y CAGR
1.8%
7Y CAGR
11.5%
10Y CAGR
1%
Total Current Liabilities Annual Cr growth is higher than historical averages.
Total ShareHolders Funds Ann.
1Y CHG
20.8%
2Y CAGR
5.4%
3Y CAGR
1%
5Y CAGR
-2.1%
7Y CAGR
4.3%
10Y CAGR
-1.2%
Total ShareHolders Funds Annual growth is higher than historical averages.

Vornado Realty Trust ROE, ROCE, book value, and debt-to-equity ratio as of Dec 2025 – 11 year history

  • NEGATIVE

    Book Value Per Share Vornado Realty Trust Book Value Per Share is $25 which is growth of -3.5% YoY.

  • NEUTRAL

    ROE Vornado Realty Trust ROE is 0% which is growth of 0% YoY.

Vornado Realty Trust, Ratios, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17Dec '16Dec '15
RoA Ann. %
-
-
-0.05%0.27%-2.42%0.60%-2.02%17.47%2.23%0.85%3.93%3.21%
ROE Ann. %
-
-
-0.20%0.97%-8.42%1.94%-6.23%65.80%10.96%3.48%14.60%12.49%
ROIC %
-
-
-0.5-0.1-3.10.5-1.21.71.10.64.31.7
OPM Ann. %
-2%
9.7%
15.03%14.76%16.60%15.99%15.42%9.44%21.70%28.28%29.23%29.43%30.88%
Inventory Turnover Ratio Ann.
-
-
-----------
Asset Turnover Ann. %
-
-
-0.10.10.10.10.10.10.10.10.10.1
Working Capital Turnover Ann.
14.5%
16%
2.12.41.71.4111.31.70.81.21.3
Quick Ratio Ann.
-
-
-1.51.722.12.41.73.16.74.62.9
Current Ratio Ann.
-
-
-1.822.22.32.623.674.83
Interest Coverage Ratio Ann.
-
-
-1.11.2-0.41.9-114.12.523.73.1
LT Debt To Equity Ann.
-
-
-2.11.91.81.71.41.32.72.81.81.9
*All financials are in USD Million and price data in USD

Vornado Realty Trust cash flow: net, operating, investing, and financing flows as of Dec 2025 – 11 year history

  • POSITIVE

    Cash From Operating Activity Vornado Realty Trust Dec-2025 Cash From Operating Activity is $1,258 Million which is growth of 134.0% YoY.

  • POSITIVE

    Net Cash Flow Vornado Realty Trust Dec-2025 Net Cash Flow is $28 Million which is growth of 109.0% YoY.

Vornado Realty Trust, Cash Flow, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17Dec '16Dec '15
16.4%
24.3%
1,258.4537.7648.2798.9761.8424.2662.5802.6860.11,000.7672.2
-
-
115.5-597.4-128.8-906.9-532.4-87.82,463.3-877.7-206.3-889.2-678.8
-
-
-1,346-252.3-278.9-801.3-29.5-213.2-2,235.6-1,122.8-338.3-446.2643.8
Cash Plus Cash Eqv. End Of Year Ann.
-1.4%
-10.8%
977.6949.61,261.61,021.21,930.41,730.41,607.1716.91,914.81,5011,835.7
Net Increase In Cash Plus Cash Eqv.s Ann.
-
-25.7%
27.9-312240.4-909.2200123.2890.2-1,197.9315.5-334.7637.2
Cash Plus Cash Eqv. Begin Of Year Ann.
-21.1%
-10%
949.61,261.61,021.21,930.41,730.41,607.1716.91,914.81,599.31,835.71,198.5
Income Tax Paid Supplemental Data Ann.
-13.4%
-19.2%
5.27.610.489.215.159.862.26.79.78.3
Interest Paid Supplemental Data Ann.
7.4%
8.3%
313.1322.8381.4252.4188.6210.1283.6311.8339368.8376.6
Capex Ann.
-
-
------395.1-438.9-74.6---
Issuance Of Capital Stock Ann.
-
-
--291.2291.2309.6-
Issuance Of Debt Ann.
-6.7%
-4.6%
835.8751,029.83,2481,056.31,108.2526.81,055.92,403.94,468.9
Repayment Of Debt Ann.
-
-
-1,903.5-97.4-148-1,251.4-1,584.2-1,067.6-2,719-685.3-631.7-1,895-2,936.6
Repurchase Of Capital Stock Ann.
-
-
-51-29.2-0.1-300-0.9-470-246.3
Free Cash Flow Ann.
16.4%
112.3%
1,258.4537.7648.2798.9761.829.2223.6728860.11,000.7672.2
*All financials are in USD Million and price data in USD
Cash from Operating Act. Ann.
1Y CHG
134%
2Y CAGR
39.3%
3Y CAGR
16.4%
5Y CAGR
24.3%
7Y CAGR
6.6%
10Y CAGR
6.5%
Cash from Operating Activity Annual growth is higher than historical averages.