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Vornado Realty Trust (VNO)

NYSE Real Estate Office REITs S&P MidCap 400
$35.82
-0.05 (-0.14%)
Close of Nov 06, 2026 · end-of-day data
Source: Vornado Realty Trust's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 03, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$2.00B$2.08B$2.16B$1.92B$1.53B$1.59B$1.80B$1.81B$1.79B$1.81B
Operating income$579.85M$608.65M$582.96M———————
Pre-tax income$584.93M$319.73M$459.60M$3.44B-$425.21M$197.06M-$360.95M$62.11M$42.84M$950.71M
Income tax$7.92M$42.38M$37.63M$103.44M$36.63M-$10.50M$21.66M$29.22M$22.73M$13.51M
Net income$906.92M$227.42M$449.95M$3.15B-$297.00M$176.00M-$346.50M$105.49M$70.39M$904.96M
EBITDA$1.18B$1.14B$1.06B———————
EPS (basic)$4.36$0.85$2.02$16.23$-1.83$0.53$-2.13$0.23$0.04$4.40
EPS (diluted)$4.34$0.85$2.01$16.21$-1.83$0.53$-2.13$0.23$0.04$4.20
Diluted shares190.17M191.26M191.29M191.05M191.15M192.12M191.78M191.86M196.63M201.05M
Operating margin28.9%29.2%26.9%———————
Net margin45.3%10.9%20.8%163.6%-19.4%11.1%-19.2%5.8%3.9%50.0%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$1.50B$1.82B$570.92M$1.52B$1.62B$1.76B$889.69M$997.00M$733.95M$840.85M
Short-term investments—————$0$471.96M$0——
Total assets$20.81B$17.40B$17.18B$18.29B$16.22B$17.27B$16.49B$16.19B$16.00B$15.52B
Long-term debt$1.33B$1.59B$1.67B$1.77B$1.82B$2.56B$2.56B$2.56B$2.57B$2.26B
Total debt$1.33B$1.59B$1.67B$1.77B$1.82B$2.56B$2.56B$2.56B$2.57B$2.26B
Total liabilities$11.92B$11.41B$11.29B$10.09B$8.67B$10.06B$9.98B$9.84B$9.83B$8.72B
Shareholders' equity$6.90B$4.34B$4.47B$6.73B$6.53B$6.24B$5.84B$5.51B$5.16B$5.99B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$995.08M$860.14M$802.64M$662.54M$424.24M$761.81M$798.94M$648.15M$537.72M$1.26B
Capital expenditures$387.55M$271.31M$234.60M———————
Free cash flow$607.53M$588.83M$568.04M$662.54M$424.24M$761.81M$798.94M$648.15M$537.72M$1.26B
Investing cash flow-$893.11M-$206.32M-$877.72M$2.46B-$87.80M-$532.35M-$906.86M-$128.79M-$597.37M$115.51M
Financing cash flow-$446.15M-$338.34M-$1.12B-$2.24B-$213.20M-$29.48M-$801.27M-$278.94M-$252.32M-$1.35B
Dividends paid$475.96M$496.49M$479.35M$503.79M$827.32M$406.11M$406.56M$129.07M$141.10M$141.28M
Share buybacks—————$0$0$29.18M$0$50.99M
Stock-based compensation$33.98M$32.83M$31.72M$53.91M$48.68M$38.33M$29.25M$43.20M$30.17M$25.48M
Depreciation & amortization$595.27M$529.83M$472.79M$438.93M$417.94M$432.59M$526.31M$457.57M$469.42M$481.46M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.