Vornado Realty Trust (VNO) Stock Price

Vornado Realty Trust Price

🇺🇸NYSE·CLOSED
36.20USD
Market closed
Today +/-
Today %

Vornado Realty Trust (VNO) Stock | ISIN US9290421091 | WKN 893899. The current Vornado Realty Trust stock price is 36.2 USD (2026). Revenue is 1.8 B USD. Net income is -8.12 M USD. The P/E ratio is -896.04. Market capitalization is 7.28 B USD. Vornado Realty Trust operates in the Real Estate sector.

Vornado Realty Trust stock price

Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Vornado Realty Trust over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Vornado Realty Trust stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Vornado Realty Trust's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Vornado Realty Trust Stock Price History
DateVornado Realty Trust Price
Access this data via the Eulerpool API

Vornado Realty Trust Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2006
1.9 B USD
670.6 M USD
497.3 M USD
Jan 1, 2007
2.31 B USD
779.7 M USD
483.8 M USD
Jan 1, 2008
2.6 B USD
849.9 M USD
301.9 M USD
Jan 1, 2009
2.46 B USD
789.5 M USD
49.1 M USD
Jan 1, 2010
2.54 B USD
856.1 M USD
596.7 M USD
Jan 1, 2011
2.7 B USD
847.5 M USD
601.6 M USD
Jan 1, 2012
2.65 B USD
753.6 M USD
549.1 M USD
Jan 1, 2013
2.3 B USD
699.5 M USD
391.9 M USD
Jan 1, 2014
2.31 B USD
708.3 M USD
783.3 M USD
Jan 1, 2015
1.99 B USD
631.9 M USD
679.8 M USD
Jan 1, 2016
2 B USD
589.3 M USD
823.5 M USD
Jan 1, 2017
2.08 B USD
610.5 M USD
162 M USD
Jan 1, 2018
2.16 B USD
614.3 M USD
384.8 M USD
Jan 1, 2019
1.92 B USD
406 M USD
3.1 B USD
Jan 1, 2020
1.53 B USD
151.2 M USD
-348.8 M USD

Vornado Realty Trust Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 10, 2026, 12:35 PM
 
REVENUE (M USD)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (M USD)
NET INCOME (M USD)
NET INCOME GROWTH (%)
DIV. (USD)
DIV. GROWTH (%)
SHARES (M)
DOCUMENTS
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Vornado Realty Trust generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Vornado Realty Trust retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Vornado Realty Trust's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Vornado Realty Trust has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Vornado Realty Trust's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Vornado Realty Trust stock margins

The Vornado Realty Trust margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Vornado Realty Trust. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Vornado Realty Trust.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2006
61.36 %
35.22 %
26.12 %
Jan 1, 2007
60.33 %
33.79 %
20.96 %
Jan 1, 2008
60.24 %
32.75 %
11.63 %
Jan 1, 2009
61.22 %
32.06 %
1.99 %
Jan 1, 2010
61.38 %
33.7 %
23.49 %
Jan 1, 2011
58.17 %
31.36 %
22.26 %
Jan 1, 2012
54.12 %
28.45 %
20.73 %
Jan 1, 2013
58.21 %
30.42 %
17.05 %
Jan 1, 2014
58.76 %
30.63 %
33.87 %
Jan 1, 2015
58.47 %
31.83 %
34.24 %
Jan 1, 2016
57.85 %
29.41 %
41.1 %
Jan 1, 2017
57.46 %
29.29 %
7.77 %
Jan 1, 2018
55.47 %
28.39 %
17.78 %
Jan 1, 2019
52.3 %
21.09 %
160.93 %
Jan 1, 2020
48.36 %
9.9 %
-22.83 %

Vornado Realty Trust Stock Revenue, EBIT, Earnings per Share

The Vornado Realty Trust earnings per share therefore indicates how much revenue Vornado Realty Trust has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2006
12.56 USD
4.42 USD
3.28 USD
Jan 1, 2007
14.44 USD
4.88 USD
3.03 USD
Jan 1, 2008
16.28 USD
5.33 USD
1.89 USD
Jan 1, 2009
14.19 USD
4.55 USD
0.28 USD
Jan 1, 2010
13.79 USD
4.65 USD
3.24 USD
Jan 1, 2011
14.53 USD
4.56 USD
3.23 USD
Jan 1, 2012
14.2 USD
4.04 USD
2.94 USD
Jan 1, 2013
12.25 USD
3.73 USD
2.09 USD
Jan 1, 2014
12.25 USD
3.75 USD
4.15 USD
Jan 1, 2015
10.47 USD
3.33 USD
3.59 USD
Jan 1, 2016
10.53 USD
3.1 USD
4.33 USD
Jan 1, 2017
10.89 USD
3.19 USD
0.85 USD
Jan 1, 2018
11.31 USD
3.21 USD
2.01 USD
Jan 1, 2019
10.07 USD
2.12 USD
16.21 USD
Jan 1, 2020
8 USD
0.79 USD
-1.83 USD

Vornado Realty Trust business model & stock analysis

Vornado Realty Trust is one of the largest real estate companies in the United States, headquartered in New York. The company was founded in 1982 as a subsidiary of Alexander's Inc. and has since become a significant player in the US real estate market. Vornado's business model involves investing in, managing, and developing commercial properties to generate high returns. The company focuses on a wide range of properties, including retail, office buildings, hotels, industrial facilities, and warehouses. Over the years, Vornado has built an extensive portfolio of properties in the US, including some of the most well-known buildings in Manhattan, such as 1290 Avenue of the Americas and One Penn Plaza. The company also owns numerous shopping centers and retail properties in various cities across the US, including Washington D.C. and Chicago. One notable aspect of Vornado is its "value-add" concept, which involves investing in properties with untapped potential that can be made more profitable through targeted renovation and improvement. These properties are then developed and leased to generate long-term income streams. In addition to its real estate management, Vornado also operates a range of real estate funds that allow investors to invest in the company and benefit from its returns. These funds are typically tailored to specific risk profiles and return objectives, providing investors with a wide range of opportunities to invest in real estate. In recent years, Vornado has also begun expanding its business model towards sustainability and environmental responsibility. The company aims to achieve net-zero for all its properties by 2030 and minimize environmental impact through its operations. In summary, Vornado Realty Trust is one of the leading real estate companies in the US, renowned for its focus on commercial properties and "value-add" strategy. With its diverse portfolio and extensive experience in real estate management and development, the company is well-positioned to continue generating attractive returns in the future.

Vornado Realty Trust SWOT Analysis

Strengths

Vornado Realty Trust is one of the leading real estate investment trusts (REITs) with a strong market position. They have a diverse portfolio of prime commercial properties in prominent locations, which provides a steady stream of rental income.

The company has a solid financial position and a proven track record of generating consistent revenue and delivering strong returns to its investors. Vornado's expertise in property management and development allows them to maximize the value of their assets.

Weaknesses

Vornado Realty Trust relies heavily on the performance of the commercial real estate market. Any downturn or instability in the market can negatively impact their financial performance and property valuations.

The company's high dependence on major cities like New York City exposes them to risks associated with local economic conditions, regulatory changes, and tenant demand fluctuations in those specific markets.

Opportunities

Vornado has the opportunity to expand its portfolio through strategic acquisitions or development projects in emerging markets or regions with potential for economic growth. This would diversify their risk and potentially increase their revenue streams.

The increasing demand for sustainable and energy-efficient buildings presents an opportunity for Vornado to invest in environmentally friendly properties, attracting tenants who prioritize sustainability and potentially reducing operating costs in the long run.

Threats

The ongoing COVID-19 pandemic poses a threat to Vornado Realty Trust, as it has significantly impacted the commercial real estate market and the demand for office spaces. Remote work trends and changing workplace preferences may continue to challenge the sector.

Competition from other real estate developers and investors in prime locations poses a threat to Vornado's ability to acquire attractive properties at favorable terms. Market competition may also impact rental rates and occupancy levels.

Vornado Realty Trust Segments

Vornado Realty Trust Revenue by Segment (1/2)

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Rental revenues
Fee and other income
Details
Date
Rental revenues
Fee and other income
Jan 1, 2019
1.77 B USD
157.48 M USD
Jan 1, 2020
1.38 B USD
150.32 M USD

Vornado Realty Trust Revenue by Segment (2/2)

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New York
Other
Details
Date
New York
Other
Jan 1, 2019
1.42 B USD
342.23 M USD
Jan 1, 2020
1.08 B USD
294.14 M USD

Vornado Realty Trust Eulerpool Fair Value

Vornado Realty Trust historical P/E ratio, EBIT multiple, and P/S ratio

Vornado Realty Trust annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Vornado Realty Trust shares outstanding

The number of shares was Vornado Realty Trust in 2025 — This indicates how many shares 201.049 M is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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Number of stocks
Details
Date
Number of stocks
Jan 1, 2006
151.6 M base_Shares
Jan 1, 2007
159.8 M base_Shares
Jan 1, 2008
159.4 M base_Shares
Jan 1, 2009
173.5 M base_Shares
Jan 1, 2010
184.2 M base_Shares
Jan 1, 2011
186 M base_Shares
Jan 1, 2012
186.5 M base_Shares
Jan 1, 2013
187.7 M base_Shares
Jan 1, 2014
188.7 M base_Shares
Jan 1, 2015
189.6 M base_Shares
Jan 1, 2016
190.2 M base_Shares
Jan 1, 2017
191.3 M base_Shares
Jan 1, 2018
191.3 M base_Shares
Jan 1, 2019
191.1 M base_Shares
Jan 1, 2020
191.1 M base_Shares

Vornado Realty Trust Dividend History

35 years of dividend payments

YearAnnual DividendYoY ChangePayments
20250.74USD 0.0%
Dec 18, 20250.74USD 0.0%1/1
20240.74USD 9.6%
20230.68USD 68.2%
20222.12USD 0.0%
20212.12USD 10.9%
20202.38USD 48.1%
20194.59USD 82.1%
20182.52USD 3.8%
20172.62USD 4.0%
20162.52USD 0.0%

Vornado Realty Trust dividend history and estimates

In 2025, Vornado Realty Trust paid a dividend amounting to 0.74 USD. Dividend means that Vornado Realty Trust distributes a portion of its profits to its owners.
  • Max

Dividend
Dividend (Estimate)
Special dividend
Details
Date
Dividend
Dividend (Estimate)
Special dividend
Invalid Date
2.94 USD
0.14 USD
0.52 USD
Jan 1, 2007
3.45 USD
0 USD
0 USD
Jan 1, 2008
3.65 USD
0 USD
0 USD
Jan 1, 2009
1.52 USD
0 USD
0 USD
Jan 1, 2010
2.6 USD
0 USD
0 USD
Jan 1, 2011
2.76 USD
0 USD
0 USD
Jan 1, 2012
3.76 USD
0 USD
1 USD
Jan 1, 2013
2.92 USD
0 USD
0 USD
Jan 1, 2014
2.92 USD
0 USD
0 USD
Jan 1, 2015
2.52 USD
0 USD
0 USD
Jan 1, 2016
2.52 USD
0 USD
0 USD
Jan 1, 2017
2.62 USD
0 USD
0 USD
Jan 1, 2018
2.52 USD
0 USD
0 USD
Jan 1, 2019
4.59 USD
0 USD
1.95 USD
Jan 1, 2020
2.38 USD
0 USD
0 USD

Vornado Realty Trust dividend payout ratio

In 2025, Vornado Realty Trust had a payout ratio of 264.75%. The payout ratio indicates the percentage of the company's profits that Vornado Realty Trust distributes as dividends.
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  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2006
86.23 %
Jan 1, 2007
109.9 %
Jan 1, 2008
185.78 %
Jan 1, 2009
538.29 %
Jan 1, 2010
80.5 %
Jan 1, 2011
85.45 %
Jan 1, 2012
127.89 %
Jan 1, 2013
140.38 %
Jan 1, 2014
70.36 %
Jan 1, 2015
70.39 %
Jan 1, 2016
58.33 %
Jan 1, 2017
311.9 %
Jan 1, 2018
125.37 %
Jan 1, 2019
28.32 %
Jan 1, 2020
-130.05 %
Price targets and forecasts for Vornado Realty Trust are not yet available.

Vornado Realty Trust Earnings Estimates

Vornado Realty Trust Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
5/4/2026-0.09USD431.02 MUSD2026 Q1
2/9/20260.01USD447.4 MUSD2025 Q4
4/29/2024-0.05USD460.07 MUSD2024 Q1
1/29/20240USD460.36 MUSD2023 Q4
8/1/20220.17USD445.66 MUSD2022 Q2

EESG©

Eulerpool ESG Scorecard© for the Vornado Realty Trust stock

58/100
79
Environment
52
Social
44
Governance
E

Environment

20
Scope 1 - Direct Emissions22,586
Scope 2 - Indirect emissions from purchased energy69,496
Scope 3 - Indirect emissions within the value chain101,007
Total CO₂ emissions92,082
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees36.747
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Vornado Realty Trust shareholder structure

% Name
11.53878%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
8.66412%
Norges Bank Investment Management (NBIM)
Norges Bank Investment Management (NBIM)
8.48846%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
6.18092%
Putnam Investment Management, L.L.C.
Putnam Investment Management, L.L.C.
4.16858%
State Street Investment Management (US)
State Street Investment Management (US)
3.54746%
T. Rowe Price Associates, Inc.
T. Rowe Price Associates, Inc.
3.00658%
Principal Global Investors (Equity)
Principal Global Investors (Equity)
2.90202%
Kemnay Advisory Services Inc.
Kemnay Advisory Services Inc.
2.76755%
Resolution Capital Limited
Resolution Capital Limited
2.24786%
Roth (Steven)
Roth (Steven)
...

Vornado Realty Trust Executives and Management Board

HC

Mr. Haim Chera

(55)

Executive Vice President, Head of Retail

Compensation3 M USD
SR

Mr. Steven Roth

(83)

Chairman of the Board of the Trustees, Chief Executive Officer · since 1989

Compensation2.86 M USD
GW

Mr. Glen Weiss

(55)

Executive Vice President - Office Leasing, Co-Head of Real Estate

Compensation2.85 M USD
MF

Mr. Michael Franco

(56)

President, Chief Financial Officer

Compensation2.55 M USD
BL

Mr. Barry Langer

(46)

Executive Vice President - Development, Co-Head of Real Estate

Compensation2.53 M USD

Vornado Realty Trust Supply Chain

Frequently asked questions about Vornado Realty Trust

The business model of Vornado Realty Trust revolves around owning, managing, and developing high-quality properties. As one of the largest real estate investment trusts (REITs) in the United States, Vornado focuses on commercial properties, including office buildings, retail spaces, and shopping centers. The company aims to generate consistent cash flows and long-term value through various market cycles. Vornado's strategy involves strategic acquisitions, leasing to quality tenants, proactive property management, and optimizing property operations. By leveraging its expertise in key markets, the company aims to provide attractive returns for its investors while maintaining a diversified portfolio of properties in prime locations.

All fundamentals and in-depth analysis of Vornado Realty Trust

Our stock analysis for Vornado Realty Trust Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Vornado Realty Trust Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.