arrow_back Back Filing freshness 10-Q FY 2025 SEC EDGAR

download Export Data

VORNADO REALTY TRUST

VNO

$39.53 ▲ +0.61 (+1.57%) at close

20 Visible periods

35 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Excellent

Bullish

auto_awesome

Analytical Summary

VORNADO REALTY TRUST shows strong fundamentals with top-quartile Return on Common Equity (%) and Profit Margin (%). The company's metrics support a bullish outlook for growth-oriented investors.

Market Cap $7.6B

Dividend Yield 1.87%

Revenue Growth 1.3% ↗

Op. Margin None

ROIC None

FCF / Share None

Trailing P/E 9.0x

Price / Book 1.3x

FCF Yield —

Debt / Equity 0.38

info Valuation on last close. End-of-day price, Aug 7, 2026.

20-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$1.81B

↑ +1.3% —

Net Income Profit after all expenses

$904.96M

↑ +1185.7% —

Long-Term Debt Long-term obligations

$2.26B

↓ -11.8% —

trending_up

Bullish Indicators

Profit Margin (%)Profit Margin (%) is in the top quartile
Return on Common Equity (%)Return on Common Equity (%) is in the top quartile

warning

Bearish Risks

No bearish risks detected.

Health Breakdown

Profitability ↑

Returns ↑

Financial Health ↓

Dividend History

Dividend / share · sourced from SEC filings

$0.74 Latest / share

+0.0% YoY

-16.1% 8-yr CAGR

FY 2014

FY 2015

FY 2016

FY 2017

$2.52

FY 2018

$2.64

FY 2019

$2.38

FY 2020

$2.12

FY 2021

$2.12

FY 2022

$0.68

FY 2023

$0.74

FY 2024

$0.74

FY 2025

Financial view

Statement lens

Choose the reporting cadence, isolate a period range, or search directly for a metric.

Cadence

Annual Quarterly

Range

→

📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Revenue Growth YoY (%)	1.3% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-75%)	-1.3% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-126%)	0.6% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-88%)	13.3% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+165%)	4.0% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-20%)	-20.6% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-512%)	-11.0% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-321%)	3.8% Caution Caution Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-24%)	—	—	—	—	—	—	—	—	—	—	—	—
EPS Growth YoY (%)	10900.0% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	-82.6% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	N/M	N/M	703.5% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	137.6% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-80.5% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	20.8% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	-13.6% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	99.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-28.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-9.5% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-0.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	1067.9% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-85.7% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	-38.4% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	1185.7% Excellent Excellent Year-over-year change in net income	-33.3% Weak Weak Year-over-year change in net income	N/M	N/M	N/M	N/M	599.6% Excellent ↑ Excellent Improving Year-over-year change in net income	97.9% Excellent ↑ Excellent Improving Year-over-year change in net income	-74.9% Weak ↓ Weak Declining Year-over-year change in net income	19.3% Good ↑ Good Improving Year-over-year change in net income	-12.1% Weak ↓ Weak Declining Year-over-year change in net income	81.7% Excellent ↑ Excellent Improving Year-over-year change in net income	-22.9% Weak ↓ Weak Declining Year-over-year change in net income	-6.8% Weak ↓ Weak Declining Year-over-year change in net income	2.2% Caution ↓ Caution Declining Year-over-year change in net income	510.2% Excellent ↑ Excellent Improving Year-over-year change in net income	-70.5% Weak Weak Year-over-year change in net income	-33.7% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Revenue CAGR 3Y (%)	0.2% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	4.0% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	5.8% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	-2.2% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-9.8% Weak Weak Compound annual revenue growth over 3 years	-9.8% Weak Weak Compound annual revenue growth over 3 years	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Revenue CAGR 5Y (%)	3.5% Caution ↑ Caution Improving Compound annual revenue growth over 5 years	-1.5% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-3.5% Weak Weak Compound annual revenue growth over 5 years	-2.9% Weak Weak Compound annual revenue growth over 5 years	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS CAGR 3Y (%)	—	-57.7% Weak Weak Compound annual EPS growth over 3 years	—	—	-36.0% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	—	55.0% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	-17.6% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-41.2% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	27.6% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	7.0% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	8.6% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	-13.7% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	119.2% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	18.5% Excellent Excellent Compound annual EPS growth over 3 years	0.9% Caution Caution Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Operating Margin (%) (%)	—	—	—	—	—	—	—	—	29.2% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	—	—	—	—	—	—	—	—	—	—	—
Effective Tax Rate (%) (%)	1.4% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	53.0% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	47.0% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-6.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-5.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-8.6% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	3.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	8.2% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	13.3% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	1.2% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-11.7% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	2.1% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-5.7% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	2.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	4.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	3.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—
Profit Margin (%) (%)	50.0% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+100%)	3.9% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-84%)	5.8% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-77%)	-19.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-177%)	11.1% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-56%)	-19.4% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-178%)	—	20.8% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-17%)	10.9% Fair Fair Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-56%)	—	—	—	—	—	—	—	—	—	—	—
FCF Margin (%) (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FCF / Net Income (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Return on Invested Capital (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Capital (%) (%)	—	—	—	—	—	—	—	—	3.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	2.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	3.6% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	3.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	4.2% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	3.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	4.0% Caution → Caution Stable Operating profit relative to total assets Optimal: > 10%	3.9% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	3.9% Weak Weak Operating profit relative to total assets Optimal: > 10%	3.8% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	15.1% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+89%)	1.4% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-83%)	1.9% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-76%)	-5.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-174%)	2.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-65%)	-4.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-157%)	46.8% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+485%)	10.1% Fair → Fair Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+26%)	5.2% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-34%)	13.1% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+64%)	11.4% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+42%)	12.8% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+60%)	7.0% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-12%)	9.0% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+13%)	9.7% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+21%)	10.3% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+28%)	1.7% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-79%)	6.2% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-23%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Debt to Equity (x)	0.38x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-62%)	0.50x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-50%)	0.47x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-53%)	0.44x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-56%)	0.41x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-59%)	0.28x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-72%)	0.26x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-74%)	0.37x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-63%)	0.37x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-63%)	0.19x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-81%)	0.24x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-76%)	0.20x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-80%)	—	—	—	—	—	—	—	—
Interest Coverage (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Debt (USD)	$1.42B	$1.83B	$1.57B	$1.67B	$802.38M	$193.97M	$251.70M	$1.10B	$-225.31M	$-167.60M	$-258.41M	$144.02M	$-583.29M	$-960.32M	$-606.55M	$-690.79M	$-535.48M	$-1.53B	$-1.15B	$-2.23B
Debt / EBITDA (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Revenue per Share (USD)	$9.44	$9.38	$9.48	$9.39	$8.30	$7.99	$10.09	$11.37	$11.00	—	—	—	—	—	—	—	—	—	—	—
Basic EPS, GAAP (USD)	$4.40	$0.04	$0.23	$-2.13	$0.53	$-1.83	$16.23	$2.02	$0.85	$4.36	$3.61	$4.18	$2.10	$2.95	$3.26	$3.27	$0.28	$1.96	$3.18	—
Free Cash Flow per Share (USD) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividend per Share (USD)	$0.74	$0.74	$0.68	$2.12	$2.12	$2.38	$2.64	$2.52	—	—	—	—	—	—	—	—	—	—	—	—
Book Value per Share (USD)	$31.40	$27.03	$28.94	$30.44	$32.53	$34.14	$35.25	$23.44	$22.83	$36.48	$35.52	$35.90	$36.12	$36.69	$36.89	$34.39	$34.45	$37.36	—	—
Tangible Book Value per Share (USD)	$31.40	$27.03	$28.94	$30.44	$32.53	$34.14	$35.25	$23.44	$22.83	$36.48	$35.52	$35.90	$36.12	$36.69	$36.89	$34.39	$34.45	$37.36	—	—
Basic Weighted Avg Shares (shares)	191.76M	190.54M	191.00M	191.78M	191.55M	191.15M	190.80M	190.22M	189.53M	188.84M	188.35M	187.57M	186.94M	185.81M	184.31M	182.34M	171.59M	153.90M	151.95M	—
Dividend Payout Ratio (%)	16.8% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	1850.0% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	293.5% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	-99.5% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	400.0% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	-130.1% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	16.3% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	124.8% Weak Weak Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	—	—	—	—	—	—	—	—	—	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
LT Debt (USD)	$2.26B	$2.57B	$2.56B	$2.56B	$2.56B	$1.82B	$1.77B	$1.67B	$1.59B	$1.33B	$1.58B	$1.34B	—	—	—	—	—	—	—	—
Total Equity (USD)	$5.99B	$5.16B	$5.51B	$5.84B	$6.24B	$6.53B	$6.73B	$4.47B	$4.34B	$6.90B	$6.70B	$6.75B	$6.77B	$6.85B	$6.83B	$6.32B	$6.24B	$5.80B	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Sales/Revenue/Turnover (USD)	$1.81B	$1.79B	$1.81B	$1.80B	$1.59B	$1.53B	$1.92B	$2.16B	$2.08B	—	—	—	—	—	—	—	—	—	—	—
Depreciation Expense (USD)	$481.46M	$469.42M	$457.57M	$526.31M	$432.59M	$417.94M	$438.93M	$472.79M	$529.83M	$595.27M	$566.21M	$583.41M	$562.00M	$557.89M	$580.99M	$556.31M	$559.05M	$577.34M	$545.88M	—
Net Income, GAAP (USD)	$904.96M	$70.39M	$105.49M	$-346.50M	$176.00M	$-297.00M	$3.15B	$449.95M	$227.42M	$906.92M	$760.43M	$864.85M	$475.97M	$617.26M	$662.30M	$647.88M	$106.17M	$359.30M	$541.54M	—
Operating Cash Flow (USD)	$1.26B	$537.72M	$648.15M	$798.94M	$761.81M	$424.24M	$662.54M	$802.64M	$860.14M	$995.08M	$672.15M	$1.14B	$1.04B	$825.05M	$702.50M	$771.09M	$633.58M	$817.81M	$697.33M	—

🏛️ Sector-Specific 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
FFO (approx.) (USD)	$1.39B	$539.81M	$563.07M	$179.81M	$608.59M	$120.94M	$3.59B	$922.74M	$757.24M	$1.50B	$1.33B	$1.45B	$1.04B	$1.18B	$1.24B	$1.20B	$665.22M	$936.63M	$1.09B	—
FFO per Share (approx.) (USD)	$7.23	$2.83	$2.95	$0.94	$3.18	$0.63	$18.80	$4.85	$4.00	$7.95	$7.04	$7.72	$5.55	$6.32	$6.75	$6.60	$3.88	$6.09	$7.16	—

⌨️ Keyboard Shortcuts

/ Search

Esc Clear

A Annual

Q Quarterly

1-7 Jump to category

R Reset

bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 20 years · 72 quarters

VORNADO REALTY TRUST

Analytical Summary

20-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Dividend History

Statement lens

Benchmark Lens

Signals

Percentile Rankings

Peer Comparison

Compare VNO with peers