Vornado Realty Trust (VNO) Financials

$37.26 -1.57 (-4.03%)

Closing price 03:59 PM Eastern

Extended Trading

$37.24 -0.02 (-0.05%)

As of 06:03 PM Eastern

Annual Income Statements for Vornado Realty Trust

This table shows Vornado Realty Trust's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	8.28	43	-409	101	-349	3,098	385	162	824	680
Consolidated Net Income / (Loss)	20	33	-383	208	-462	3,334	423	264	982	859
Net Income / (Loss) Continuing Operations	25	84	-351	210	-462	3,334	422	277	577	636
Total Pre-Tax Income	43	62	-361	197	-425	3,438	460	320	585	551
Total Revenue	1,443	1,505	1,544	1,423	1,455	4,984	2,031	2,084	1,679	1,778
Net Interest Income / (Expense)	-344	-306	-256	-226	-235	-265	-331	-346	-306	-282
Total Interest Income	46	43	23	4.61	-5.50	22	17	0.00	24	27
Investment Securities Interest Income	46	43	23	4.61	-5.50	22	17	-	24	27
Total Interest Expense	390	349	280	231	229	287	348	346	330	309
Long-Term Debt Interest Expense	390	349	280	231	229	287	348	346	330	309
Total Non-Interest Income	1,788	1,811	1,800	1,650	1,689	5,249	2,362	1,738	1,985	2,060
Other Non-Interest Income	1,788	1,811	1,800	1,589	1,528	1,925	2,164	2,430	1,884	1,846
Total Non-Interest Expense	1,411	1,464	1,973	1,224	1,880	1,546	1,572	1,453	1,095	1,227
Salaries and Employee Benefits	0.00	0.00	0.00	9.85	6.44	12	-2.48	0.00	5.21	-
Other Operating Expenses	1,076	1,068	1,008	135	182	170	142	151	144	149
Depreciation Expense	448	434	505	412	400	419	447	429	421	380
Other Special Charges	-112	-39	461	667	1,118	839	954	871	515	685
Nonoperating Income / (Expense), net	16	71	101	-	-	-	-	3.74	-	-
Income Tax Expense	23	29	22	-10	37	103	38	42	7.92	-85
Preferred Stock Dividends Declared	62	62	62	75	52	50	65	65	83	81
Net Income / (Loss) Attributable to Noncontrolling Interest	0.86	3.36	-30	32	-165	186	-27	37	75	99
Other Adjustment to Net Income / (Loss) Attributable to Common Shareholders)	-51	-76	-5.74	-	-	-	-	-	-	-
Basic Earnings per Share	$0.04	$0.23	($2.13)	$0.53	($1.83)	$16.23	$2.02	$0.85	$8.72	$7.22
Weighted Average Basic Shares Outstanding	190.54M	191.01M	191.78M	191.55M	191.15M	190.80M	190.22M	189.53M	389.19M	387.66M
Diluted Earnings per Share	$0.04	$0.23	($2.13)	$0.53	($1.83)	$16.21	$2.01	$0.85	$4.34	$3.59
Weighted Average Diluted Shares Outstanding	196.63M	191.86M	191.78M	192.12M	191.15M	191.05M	191.29M	191.26M	190.17M	189.56M
Weighted Average Basic & Diluted Shares Outstanding	190.85M	190.39M	191.87M	191.72M	0.00	0.00	0.00	0.00	202.02M	201.16M
Cash Dividends to Common per Share	$0.74	$0.68	$2.12	$2.12	$2.38	$1.95	$2.52	$2.62	$2.52	$2.52

This table shows Vornado Realty Trust's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023
Net Income / (Loss) Attributable to Common Shareholders	87	1.20	-19	35	-9.03	-61	53	46	5.17
Consolidated Net Income / (Loss)	100	5.76	-19	40	-6.27	-101	60	63	11
Net Income / (Loss) Continuing Operations	100	6.99	-19	43	-5.62	-51	60	63	12
Total Pre-Tax Income	107	12	-15	45	0.47	-92	71	67	16
Total Revenue	374	369	355	362	358	360	378	398	369
Net Interest Income / (Expense)	-88	-89	-89	-88	-79	-82	-73	-74	-77
Total Interest Income	8.26	11	12	11	12	5.83	15	13	9.58
Investment Securities Interest Income	8.26	11	12	11	12	5.83	15	13	9.58
Total Interest Expense	96	100	101	98	90	88	88	87	86
Long-Term Debt Interest Expense	96	100	101	98	90	88	88	87	86
Total Non-Interest Income	462	458	443	450	436	442	451	472	446
Other Non-Interest Income	462	458	443	450	436	442	451	472	446
Total Non-Interest Expense	283	356	369	330	357	410	362	332	360
Salaries and Employee Benefits	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00
Other Operating Expenses	263	273	272	268	264	266	270	262	270
Depreciation Expense	116	113	116	110	109	110	110	107	107
Other Special Charges	-97	-30	-18	-48	-16	34	-18	-37	-17
Nonoperating Income / (Expense), net	16	-	0.00	16	0.00	6.61	56	0.94	7.52
Income Tax Expense	7.19	5.82	4.88	5.28	6.74	8.37	12	4.50	4.67
Preferred Stock Dividends Declared	16	16	16	16	16	16	16	16	16
Net Income / (Loss) Attributable to Noncontrolling Interest	7.89	0.14	-1.69	3.20	-0.79	-5.41	4.74	3.61	0.43
Other Adjustment to Net Income / (Loss) Attributable to Common Shareholders)	-10	-11	-14	-14	-12	-50	-14	-2.78	-9.93
Basic Earnings per Share	$0.45	-	($0.10)	$0.19	($0.05)	($0.32)	$0.28	$0.24	$0.03
Weighted Average Basic Shares Outstanding	191.37M	190.54M	190.56M	190.49M	190.43M	191.01M	190.36M	191.47M	191.87M
Diluted Earnings per Share	$0.43	$0.01	($0.10)	$0.18	($0.05)	($0.32)	$0.28	$0.24	$0.03
Weighted Average Diluted Shares Outstanding	200.74M	196.63M	190.56M	194.41M	190.43M	191.86M	192.92M	194.80M	191.88M
Weighted Average Basic & Diluted Shares Outstanding	191.95M	190.85M	190.65M	190.51M	190.48M	190.39M	-	-	191.88M

This table details how cash moves in and out of Vornado Realty Trust's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-312	240	-909	200	123	890	-949	315	-344	559
Net Cash From Operating Activities	538	648	799	762	424	663	1,333	860	995	672
Net Cash From Continuing Operating Activities	538	648	799	762	424	663	1,333	860	995	672
Net Income / (Loss) Continuing Operations	20	33	-383	208	-462	3,334	845	264	982	859
Consolidated Net Income / (Loss)	20	33	-383	208	-462	3,334	845	264	982	859
Provision For Loan Losses	0.00	8.27	0.00	0.00	13	0.00	0.00	-	-	-
Depreciation Expense	469	458	526	433	418	439	946	530	595	566
Amortization Expense	39	5.72	-4.75	-9.24	-17	-20	77	-47	-53	-79
Non-Cash Adjustments to Reconcile Net Income	53	152	559	116	593	-3,076	998	180	-453	-416
Changes in Operating Assets and Liabilities, net	-44	-8.56	101	15	-121	-15	-117	-67	-76	-259
Net Cash From Investing Activities	-597	-129	-907	-532	-88	2,463	-62	-206	-893	-732
Net Cash From Continuing Investing Activities	-597	-129	-907	-532	-88	2,463	-62	-206	-893	-732
Purchase of Property, Leasehold Improvements and Equipment	0.00	-33	-3.00	-3.00	-396	-509	-	-386	-994	-777
Purchase of Investment Securities	-631	-822	-1,997	-750	-767	-901	-	-312	-235	-795
Sale and/or Maturity of Investments	34	722	1,059	239	1,073	2,599	1,288	126	187	804
Other Investing Activities, net	0.00	4.65	34	106	2.39	25	205	366	149	36
Net Cash From Financing Activities	-252	-279	-801	-29	-213	-2,236	-2,220	-338	-446	619
Net Cash From Continuing Financing Activities	-252	-279	-801	-29	-213	-2,236	-2,220	-338	-446	619
Issuance of Debt	75	0.00	1,030	3,248	1,056	1,108	2,452	1,056	2,404	4,469
Repayment of Debt	-97	-148	-1,251	-1,584	-1,078	-2,757	0.00	-647	-1,937	-3,018
Repurchase of Common Equity	0.00	-29	0.00	-1.57	-0.14	-8.69	-	-0.42	-0.19	-7.47
Payment of Dividends	-221	-230	-553	-663	-983	-634	1,221	-671	-687	-658
Other Financing Activities, Net	-8.51	128	-26	-1,021	501	57	286	-385	20	-166
Cash Interest Paid	323	381	252	189	210	284	624	339	369	377
Cash Income Taxes Paid	7.61	10	7.95	9.16	15	60	124	6.73	9.72	8.29

This table details how cash moves in and out of Vornado Realty Trust's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023
Net Change in Cash & Equivalents	-143	-79	-88	-32	-113	-0.90	-50	278	13
Net Cash From Operating Activities	52	206	105	195	31	211	62	283	92
Net Cash From Continuing Operating Activities	52	206	105	195	31	211	62	283	92
Net Income / (Loss) Continuing Operations	100	5.76	-19	40	-6.27	-101	60	63	11
Consolidated Net Income / (Loss)	100	5.76	-19	40	-6.27	-101	60	63	11
Depreciation Expense	121	118	121	116	114	116	116	113	113
Amortization Expense	7.64	8.76	9.14	9.99	11	5.58	0.70	0.38	-0.94
Non-Cash Adjustments to Reconcile Net Income	-90	13	33	-20	27	125	-33	28	32
Changes in Operating Assets and Liabilities, net	-87	60	-39	48	-114	57	-81	78	-63
Net Cash From Investing Activities	276	-110	-180	-178	-129	-195	-87	27	126
Net Cash From Continuing Investing Activities	276	-110	-180	-178	-129	-195	-87	27	126
Purchase of Investment Securities	-95	-110	-180	-212	-129	-191	-204	-226	-201
Sale and/or Maturity of Investments	29	-	-	34	0.00	10	117	475	119
Other Investing Activities, net	342	-	-	-	0.00	-14	0.36	-190	209
Net Cash From Financing Activities	-470	-175	-13	-48	-16	-18	-25	-31	-205
Net Cash From Continuing Financing Activities	-470	-175	-13	-48	-16	-18	-25	-31	-205
Issuance of Debt	120	-	-	-	-	-	-	-	-
Repayment of Debt	-574	-1.74	-	-96	0.00	-29	-3.60	-5.40	-110
Payment of Dividends	-16	-174	-17	-16	-16	-102	-16	-19	-94
Other Financing Activities, Net	0.13	-0.09	3.38	-12	0.11	113	-0.10	16	-0.55
Cash Interest Paid	83	86	85	82	70	75	142	79	85
Cash Income Taxes Paid	1.80	1.60	1.57	2.83	1.61	1.64	3.98	2.57	2.18

This table presents Vornado Realty Trust's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	15,999	16,188	16,493	17,267	16,222	18,287	17,181	17,398	20,815	21,143
Cash and Due from Banks	734	997	890	1,760	1,624	1,515	571	1,818	1,501	1,836
Restricted Cash	216	265	131	170	106	92	146	97	95	108
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Premises and Equipment, Net	10,066	10,048	9,844	9,841	8,918	9,143	12,612	11,871	11,606	14,672
Intangible Assets	473	482	513	547	397	385	537	563	545	708
Other Assets	4,510	4,396	5,115	4,948	5,176	7,119	3,163	2,867	6,864	3,669
Total Liabilities & Shareholders' Equity	15,999	16,188	16,493	17,267	16,222	18,287	17,181	17,398	20,815	21,143
Total Liabilities	9,827	9,844	9,980	10,063	8,667	10,087	11,289	11,405	11,918	12,438
Short-Term Debt	575	575	575	575	575	575	80	0.00	116	550
Other Short-Term Payables	374	411	451	-	427	-	431	416	397	444
Long-Term Debt	7,668	7,676	7,814	8,041	6,824	6,832	9,757	10,185	9,331	10,541
Other Long-Term Liabilities	1,210	1,181	1,140	1,447	841	2,681	1,022	805	2,074	903
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	835	638	437	689	606	889	784	985	1,278	1,229
Total Equity & Noncontrolling Interests	5,337	5,705	6,076	6,515	6,948	7,311	5,108	5,008	7,618	7,476
Total Preferred & Common Equity	5,158	5,509	5,840	6,236	6,533	6,732	4,465	4,338	6,899	6,698
Preferred Stock	1,182	1,182	1,182	1,182	1,182	891	891	892	1,038	1,277
Total Common Equity	3,976	4,327	4,657	5,054	5,351	5,841	3,574	3,446	5,860	5,421
Common Stock	8,060	8,271	8,377	8,151	8,200	7,835	7,733	7,500	7,161	7,141
Retained Earnings	-4,142	-4,009	-3,895	-3,079	-2,774	-1,954	-4,167	-4,183	-1,419	-1,767
Accumulated Other Comprehensive Income / (Loss)	58	65	175	-18	-75	-40	7.66	129	119	47
Noncontrolling Interest	179	196	237	279	415	579	643	670	720	778

This table presents Vornado Realty Trust's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q1 2023
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	3/31/2023
Total Assets	15,599	16,083	16,210	16,207	16,272
Cash and Due from Banks	569	784	873	893	891
Restricted Cash	238	245	244	256	143
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00
Premises and Equipment, Net	10,040	10,062	10,053	10,071	9,928
Intangible Assets	502	473	477	481	504
Other Assets	4,250	4,519	4,563	4,507	4,806
Total Liabilities & Shareholders' Equity	15,599	16,083	16,210	16,207	16,272
Total Liabilities	9,371	9,816	9,799	9,830	9,909
Short-Term Debt	575	575	575	575	575
Other Short-Term Payables	388	362	363	389	442
Long-Term Debt	7,217	7,666	7,662	7,680	7,703
Other Long-Term Liabilities	1,191	1,212	1,198	1,186	1,189
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	738	808	593	643	431
Total Equity & Noncontrolling Interests	5,490	5,459	5,818	5,734	5,933
Total Preferred & Common Equity	5,314	5,278	5,626	5,539	5,692
Preferred Stock	1,182	1,182	1,182	1,182	1,182
Total Common Equity	4,132	4,096	4,444	4,357	4,509
Common Stock	8,160	8,098	8,322	8,269	8,375
Retained Earnings	-4,055	-4,002	-3,983	-4,018	-3,961
Accumulated Other Comprehensive Income / (Loss)	27	-0.48	105	106	96
Noncontrolling Interest	176	181	192	195	241

This table displays calculated financial ratios and metrics derived from Vornado Realty Trust's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-4.11%	-2.49%	8.45%	-2.15%	-70.81%	145.37%	-2.54%	24.10%	-5.52%	-15.42%
EBITDA Growth	6.99%	450.58%	-85.28%	2,680.27%	-100.63%	160.19%	33.08%	-1.17%	8.57%	7.10%
EBIT Growth	-22.99%	109.68%	-315.14%	146.99%	-112.37%	647.99%	-27.14%	7.84%	6.18%	27.34%
NOPAT Growth	361.42%	98.51%	-255.67%	169.73%	-108.93%	690.18%	53.94%	-52.49%	-9.26%	50.21%
Net Income Growth	-38.83%	108.60%	-284.34%	144.94%	-113.85%	688.98%	60.00%	-73.10%	14.25%	-14.83%
EPS Growth	-82.61%	110.80%	-501.89%	128.96%	-111.29%	706.47%	136.47%	-80.41%	14.25%	-14.83%
Operating Cash Flow Growth	-17.04%	-18.87%	4.88%	79.57%	-35.97%	-50.31%	55.01%	-13.56%	48.06%	-40.80%
Free Cash Flow Firm Growth	-36.12%	-49.18%	190.24%	-285.38%	-89.72%	296.52%	-64.28%	20.22%	352.80%	-224.88%
Invested Capital Growth	-1.24%	-2.06%	-5.80%	5.79%	-4.18%	-0.77%	-2.78%	-11.81%	-7.34%	7.84%
Revenue Q/Q Growth	0.60%	0.00%	0.00%	0.00%	-27.04%	1.00%	-2.96%	38.92%	2.73%	-20.07%
EBITDA Q/Q Growth	14.53%	0.00%	0.00%	0.00%	-114.25%	-17.87%	41.23%	4.72%	27.38%	-3.16%
EBIT Q/Q Growth	204.92%	0.00%	0.00%	0.00%	-346.43%	2.82%	-16.95%	13.89%	59.03%	-0.21%
NOPAT Q/Q Growth	121.49%	0.00%	0.00%	0.00%	-1,264.18%	1.93%	12.02%	-50.43%	60.54%	0.38%
Net Income Q/Q Growth	123.32%	0.00%	0.00%	0.00%	-399.60%	1.92%	11.70%	-71.14%	75.06%	-25.39%
EPS Q/Q Growth	113.79%	0.00%	0.00%	0.00%	-731.03%	112.45%	22.56%	-57.71%	75.06%	-25.39%
Operating Cash Flow Q/Q Growth	-0.94%	0.00%	0.00%	0.00%	51.58%	-53.32%	94.20%	-20.67%	24.23%	-10.42%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-64.22%	16.19%	275.98%	-45.30%	442.43%	-150.61%
Invested Capital Q/Q Growth	-0.65%	0.00%	0.00%	0.00%	-0.55%	-2.77%	-0.17%	3.64%	-6.01%	6.63%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	37.42%	33.54%	5.94%	43.78%	-1.66%	77.38%	72.98%	53.44%	67.11%	58.40%
EBIT Margin	2.22%	2.76%	-27.85%	14.04%	-29.23%	68.98%	22.63%	30.27%	34.83%	30.99%
Profit (Net Income) Margin	1.39%	2.18%	-24.79%	14.58%	-31.75%	66.90%	20.81%	12.67%	58.47%	48.35%
Tax Burden Percent	46.95%	52.95%	106.00%	105.33%	108.61%	96.99%	91.95%	82.61%	167.87%	156.00%
Interest Burden Percent	133.73%	149.30%	83.97%	98.62%	100.00%	100.00%	100.00%	50.69%	100.00%	100.00%
Effective Tax Rate	53.05%	47.05%	0.00%	-5.33%	0.00%	3.01%	8.19%	13.25%	1.35%	-15.43%
Return on Invested Capital (ROIC)	0.09%	-0.03%	-2.10%	1.35%	-1.95%	21.28%	2.65%	1.59%	3.03%	3.33%
ROIC Less NNEP Spread (ROIC-NNEP)	0.18%	0.42%	-2.80%	1.35%	-4.17%	21.28%	2.65%	1.49%	6.97%	5.50%
Return on Net Nonoperating Assets (RNNOA)	0.23%	0.54%	-3.48%	1.46%	-3.92%	26.04%	4.47%	1.96%	8.13%	6.47%
Return on Equity (ROE)	0.32%	0.51%	-5.58%	2.81%	-5.86%	47.32%	7.11%	3.55%	11.16%	9.80%
Cash Return on Invested Capital (CROIC)	1.33%	2.05%	3.87%	-4.28%	2.33%	22.06%	5.46%	14.14%	10.64%	-4.21%
Operating Return on Assets (OROA)	0.20%	0.25%	-2.55%	1.19%	-2.46%	19.39%	2.66%	3.30%	2.79%	2.60%
Return on Assets (ROA)	0.13%	0.20%	-2.27%	1.24%	-2.68%	18.80%	2.44%	1.38%	4.68%	4.06%
Return on Common Equity (ROCE)	0.21%	0.36%	-3.95%	1.98%	-4.17%	31.62%	4.20%	2.22%	7.15%	6.09%
Return on Equity Simple (ROE_SIMPLE)	0.39%	0.60%	-6.55%	3.33%	-7.07%	49.53%	9.46%	6.09%	14.23%	12.83%
Net Operating Profit after Tax (NOPAT)	13	-4.81	-323	208	-298	3,334	422	274	577	636
NOPAT Margin	0.87%	-0.32%	-20.93%	14.58%	-20.46%	66.90%	20.77%	13.15%	34.36%	35.78%
Net Nonoperating Expense Percent (NNEP)	-0.09%	-0.45%	0.70%	0.00%	2.22%	0.00%	-0.01%	0.10%	-3.94%	-2.17%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.69%	0.44%	0.23%	-0.12%	0.00%	0.31%	0.00%
Operating Expenses to Revenue	97.78%	97.24%	127.85%	85.96%	129.23%	31.02%	77.37%	69.73%	65.17%	69.01%
Earnings before Interest and Taxes (EBIT)	32	42	-430	200	-425	3,438	460	631	585	551
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	540	505	92	623	-24	3,857	1,482	1,114	1,127	1,038
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.02	1.23	0.82	1.42	1.13	1.74	2.47	3.10	2.35	2.37
Price to Tangible Book Value (P/TBV)	2.29	1.39	0.92	1.59	1.22	1.86	2.90	3.71	2.59	2.72
Price to Revenue (P/Rev)	5.55	3.54	2.47	5.03	4.17	2.04	4.34	5.13	8.21	7.21
Price to Earnings (P/E)	968.57	122.89	0.00	70.76	0.00	3.28	22.90	65.98	16.74	18.86
Dividend Yield	1.76%	2.43%	10.65%	5.68%	13.66%	8.62%	5.44%	4.18%	3.45%	3.70%
Earnings Yield	0.10%	0.81%	0.00%	1.41%	0.00%	30.50%	4.37%	1.52%	5.97%	5.30%
Enterprise Value to Invested Capital (EV/IC)	1.21	0.98	0.88	1.01	0.93	1.17	1.29	1.33	1.35	1.28
Enterprise Value to Revenue (EV/Rev)	12.13	9.53	8.45	11.23	9.58	3.67	9.97	10.32	14.69	14.21
Enterprise Value to EBITDA (EV/EBITDA)	32.40	28.40	142.22	25.66	0.00	4.75	13.66	19.31	21.89	24.33
Enterprise Value to EBIT (EV/EBIT)	546.34	344.64	0.00	80.02	0.00	5.33	44.06	34.10	42.18	45.84
Enterprise Value to NOPAT (EV/NOPAT)	1,391.28	0.00	0.00	77.03	0.00	5.49	47.99	78.46	42.76	39.72
Enterprise Value to Operating Cash Flow (EV/OCF)	32.55	22.12	16.32	20.99	32.85	27.64	15.19	25.00	24.80	37.58
Enterprise Value to Free Cash Flow (EV/FCFF)	90.68	47.45	21.93	0.00	39.21	5.30	23.23	8.81	12.16	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.34	1.30	1.29	1.20	0.98	0.90	1.67	1.70	1.06	1.27
Long-Term Debt to Equity	1.24	1.21	1.20	1.12	0.90	0.83	1.66	1.70	1.05	1.21
Financial Leverage	1.32	1.29	1.24	1.09	0.94	1.22	1.68	1.32	1.17	1.18
Leverage Ratio	2.57	2.54	2.46	2.27	2.19	2.52	2.91	2.57	2.38	2.41
Compound Leverage Factor	3.44	3.80	2.07	2.24	2.19	2.52	2.91	1.30	2.38	2.41
Debt to Total Capital	57.18%	56.54%	56.29%	54.46%	49.48%	47.46%	62.54%	62.96%	51.50%	56.03%
Short-Term Debt to Total Capital	3.99%	3.94%	3.86%	3.63%	3.85%	3.68%	0.51%	0.00%	0.63%	2.78%
Long-Term Debt to Total Capital	53.19%	52.60%	52.44%	50.83%	45.64%	43.77%	62.03%	62.96%	50.87%	53.25%
Preferred Equity to Total Capital	8.20%	8.10%	7.93%	7.47%	7.91%	5.71%	5.67%	5.51%	5.66%	6.45%
Noncontrolling Interests to Total Capital	7.03%	5.72%	4.52%	6.12%	6.83%	9.41%	9.07%	10.23%	10.89%	10.14%
Common Equity to Total Capital	27.58%	29.64%	31.25%	31.95%	35.78%	37.43%	22.72%	21.30%	31.95%	27.38%
Debt to EBITDA	15.26	16.34	91.48	13.83	-306.36	1.92	6.64	9.14	8.38	10.68
Net Debt to EBITDA	13.50	13.84	80.35	10.73	-234.72	1.50	6.15	7.43	6.97	8.81
Long-Term Debt to EBITDA	14.20	15.20	85.21	12.90	-282.56	1.77	6.58	9.14	8.28	10.15
Debt to NOPAT	655.17	-1,714.50	-25.96	41.51	-24.86	2.22	23.31	37.16	16.37	17.44
Net Debt to NOPAT	579.69	-1,452.37	-22.80	32.21	-19.04	1.74	21.61	30.17	13.61	14.38
Long-Term Debt to NOPAT	609.46	-1,595.03	-24.18	38.74	-22.93	2.05	23.12	37.16	16.17	16.58
Noncontrolling Interest Sharing Ratio	33.66%	30.12%	29.20%	29.50%	28.96%	33.19%	40.93%	37.50%	35.91%	37.89%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	193	302	595	-659	355	3,456	872	2,440	2,030	-803
Operating Cash Flow to CapEx	0.00%	1,955.50%	26,631.47%	25,393.53%	107.08%	130.26%	0.00%	222.57%	100.10%	86.47%
Free Cash Flow to Firm to Interest Expense	0.49	0.87	2.13	-2.85	1.55	12.06	2.50	7.06	6.15	-2.60
Operating Cash Flow to Interest Expense	1.38	1.86	2.86	3.30	1.85	2.31	3.83	2.49	3.01	2.17
Operating Cash Flow Less CapEx to Interest Expense	1.38	1.76	2.85	3.28	0.12	0.54	6.24	1.37	0.00	-0.34
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.09	0.09	0.09	0.09	0.08	0.28	0.12	0.11	0.08	0.08
Fixed Asset Turnover	0.14	0.15	0.16	0.15	0.16	0.46	0.17	0.18	0.13	0.13
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	14,415	14,595	14,902	15,820	14,953	15,607	15,728	16,178	18,344	19,796
Invested Capital Turnover	0.10	0.10	0.10	0.09	0.10	0.32	0.13	0.12	0.09	0.09
Increase / (Decrease) in Invested Capital	-180	-307	-918	866	-653	-122	-450	-2,166	-1,453	1,439
Enterprise Value (EV)	17,504	14,338	13,042	15,988	13,935	18,316	20,249	21,508	24,674	25,256
Market Capitalization	8,015	5,331	3,818	7,153	6,063	10,157	8,812	10,690	13,786	12,824
Book Value per Share	$20.85	$22.55	$24.29	$26.38	$27.98	$30.60	$18.78	$18.15	$31.01	$28.75
Tangible Book Value per Share	$18.37	$20.04	$21.61	$23.53	$25.90	$28.59	$15.96	$15.18	$28.13	$24.99
Total Capital	14,415	14,595	14,902	15,820	14,953	15,607	15,728	16,178	18,344	19,796
Total Debt	8,243	8,251	8,389	8,616	7,399	7,407	9,837	10,185	9,447	11,091
Total Long-Term Debt	7,668	7,676	7,814	8,041	6,824	6,832	9,757	10,185	9,331	10,541
Net Debt	7,293	6,990	7,368	6,686	5,669	5,799	9,120	8,270	7,851	9,148
Capital Expenditures (CapEx)	0.00	33	3.00	3.00	396	509	-836	386	994	777
Net Nonoperating Expense (NNE)	-7.53	-38	60	0.00	164	0.03	-0.64	9.98	-405	-224
Net Nonoperating Obligations (NNO)	8,243	8,251	8,389	8,616	7,399	7,407	9,837	10,185	9,447	11,091
Total Depreciation and Amortization (D&A)	508	463	522	423	401	419	1,023	483	542	487
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.04	$0.23	($2.13)	$0.53	($1.83)	$16.23	$4.04	$1.69	$3.54	$2.93
Adjusted Weighted Average Basic Shares Outstanding	190.54M	191.01M	191.78M	191.55M	191.15M	190.80M	392.29M	390.74M	232.72M	232.12M
Adjusted Diluted Earnings per Share	$0.04	$0.23	($2.13)	$0.53	($1.83)	$16.21	$2.01	$0.85	$3.52	$2.91
Adjusted Weighted Average Diluted Shares Outstanding	196.63M	191.86M	191.78M	192.12M	191.15M	191.05M	191.29M	191.26M	234.36M	233.61M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$16.23	$2.00	$0.83	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	190.85M	190.39M	191.87M	191.72M	0.00	0.00	203.41M	203.30M	0.00	232.39M
Normalized Net Operating Profit after Tax (NOPAT)	-60	-25	-0.16	605	607	4,251	1,327	1,032	1,095	874
Normalized NOPAT Margin	-4.15%	-1.68%	-0.01%	42.48%	41.72%	85.30%	65.33%	49.50%	65.17%	49.17%
Pre Tax Income Margin	2.97%	4.13%	-23.38%	13.84%	-29.23%	68.98%	22.63%	15.34%	34.83%	30.99%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.08	0.12	-1.54	0.86	-1.85	11.99	1.32	1.82	1.77	1.78
NOPAT to Interest Expense	0.03	-0.01	-1.15	0.90	-1.30	11.63	1.21	0.79	1.75	2.06
EBIT Less CapEx to Interest Expense	0.08	0.02	-1.55	0.85	-3.58	10.22	3.72	0.71	-1.24	-0.73
NOPAT Less CapEx to Interest Expense	0.03	-0.11	-1.17	0.89	-3.03	9.86	3.62	-0.33	-1.26	-0.46
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	1,100.47%	699.81%	-144.63%	319.37%	-212.86%	19.02%	-288.98%	253.93%	69.93%	76.59%
Augmented Payout Ratio	1,100.47%	788.54%	-144.63%	320.13%	-212.89%	19.28%	-288.98%	254.09%	69.95%	77.45%

This table displays calculated financial ratios and metrics derived from Vornado Realty Trust's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	4.59%	2.40%	-6.05%	-9.03%	-3.15%	0.00%	0.00%	0.00%	-7.99%
EBITDA Growth	75.00%	95.89%	-12.94%	-11.87%	4.40%	0.00%	0.00%	0.00%	-33.76%
EBIT Growth	8,070.45%	126.02%	-192.26%	-50.70%	-87.56%	0.00%	0.00%	0.00%	-85.19%
NOPAT Growth	1,460.09%	108.32%	-180.78%	-58.10%	-206.50%	0.00%	0.00%	0.00%	-88.96%
Net Income Growth	1,691.33%	105.72%	-132.68%	-36.08%	-156.02%	0.00%	0.00%	0.00%	-79.02%
EPS Growth	960.00%	103.13%	-135.71%	-25.00%	-266.67%	0.00%	0.00%	0.00%	-78.57%
Operating Cash Flow Growth	65.27%	-2.41%	69.60%	-31.18%	-65.73%	0.00%	0.00%	0.00%	-46.28%
Free Cash Flow Firm Growth	24,085.47%	0.00%	0.00%	0.00%	100.02%	0.00%	0.00%	0.00%	-198.00%
Invested Capital Growth	-4.18%	-1.24%	0.00%	0.00%	-0.06%	0.00%	0.00%	0.00%	0.00%
Revenue Q/Q Growth	1.46%	3.92%	-2.11%	1.33%	-0.67%	-4.65%	-5.21%	7.87%	0.00%
EBITDA Q/Q Growth	57.46%	20.92%	-26.95%	25.82%	76.26%	-46.26%	-26.05%	49.05%	0.00%
EBIT Q/Q Growth	608.22%	187.91%	-144.95%	2,819.29%	102.26%	-411.69%	-75.98%	636.69%	0.00%
NOPAT Q/Q Growth	1,381.73%	156.40%	-139.39%	513.19%	90.93%	-647.45%	-79.57%	950.22%	0.00%
Net Income Q/Q Growth	1,633.66%	129.58%	-148.55%	739.23%	93.77%	-268.90%	-5.04%	460.22%	0.00%
EPS Q/Q Growth	4,200.00%	110.00%	-155.56%	460.00%	84.38%	-214.29%	16.67%	700.00%	0.00%
Operating Cash Flow Q/Q Growth	-74.76%	95.66%	-45.87%	518.32%	-85.10%	240.03%	-78.03%	207.89%	0.00%
Free Cash Flow Firm Q/Q Growth	274.47%	101.28%	0.71%	-507,307.02%	0.00%	0.00%	0.00%	100.00%	0.00%
Invested Capital Q/Q Growth	-2.74%	-0.65%	-0.96%	0.11%	0.25%	0.00%	0.00%	-100.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-
EBITDA Margin	58.93%	37.97%	32.63%	43.73%	35.22%	19.85%	35.22%	45.14%	32.67%
EBIT Margin	24.47%	3.50%	-4.14%	9.02%	0.31%	-13.79%	4.22%	16.65%	2.44%
Profit (Net Income) Margin	26.69%	1.56%	-5.49%	11.07%	-1.75%	-27.95%	15.78%	15.75%	3.03%
Tax Burden Percent	93.28%	49.72%	133.48%	88.36%	-1,343.25%	109.08%	83.60%	93.31%	70.58%
Interest Burden Percent	116.95%	89.62%	99.23%	138.80%	41.70%	185.76%	447.27%	101.37%	176.22%
Effective Tax Rate	6.72%	50.28%	0.00%	11.64%	1,443.25%	0.00%	16.40%	6.69%	29.42%
Return on Invested Capital (ROIC)	2.32%	0.16%	-0.57%	1.42%	-0.18%	-1.98%	0.00%	0.00%	0.33%
ROIC Less NNEP Spread (ROIC-NNEP)	2.51%	0.16%	-0.79%	1.77%	-0.18%	-2.36%	0.00%	0.00%	0.46%
Return on Net Nonoperating Assets (RNNOA)	3.19%	0.20%	-1.04%	2.27%	-0.23%	-3.07%	0.00%	0.00%	0.60%
Return on Equity (ROE)	5.51%	0.36%	-1.61%	3.69%	-0.41%	-5.06%	0.00%	0.00%	0.92%
Cash Return on Invested Capital (CROIC)	4.97%	1.33%	0.00%	0.00%	0.02%	2.07%	0.00%	0.00%	-203.88%
Operating Return on Assets (OROA)	2.25%	0.31%	-0.37%	0.81%	0.03%	-1.27%	0.00%	0.00%	0.23%
Return on Assets (ROA)	2.45%	0.14%	-0.49%	1.00%	-0.16%	-2.57%	0.00%	0.00%	0.28%
Return on Common Equity (ROCE)	3.71%	0.24%	-1.05%	2.56%	-0.29%	-3.53%	0.00%	0.00%	0.66%
Return on Equity Simple (ROE_SIMPLE)	2.38%	0.00%	-1.63%	-0.13%	0.28%	0.00%	0.00%	0.00%	-7.46%
Net Operating Profit after Tax (NOPAT)	85	5.76	-10	26	-6.27	-69	13	62	5.89
NOPAT Margin	22.81%	1.56%	-2.88%	7.15%	-1.75%	-19.22%	3.35%	15.53%	1.60%
Net Nonoperating Expense Percent (NNEP)	-0.18%	0.00%	0.22%	-0.34%	0.00%	0.38%	0.00%	0.00%	-0.13%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	75.53%	96.50%	104.14%	90.98%	99.69%	113.79%	95.78%	83.35%	97.56%
Earnings before Interest and Taxes (EBIT)	92	13	-15	33	1.12	-50	16	66	9.00
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	220	140	116	158	126	71	133	180	121
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.71	2.02	1.80	1.11	1.25	1.23	0.00	0.00	0.64
Price to Tangible Book Value (P/TBV)	1.94	2.29	2.04	1.24	1.40	1.39	0.00	0.00	0.72
Price to Revenue (P/Rev)	4.84	5.55	5.14	3.38	3.63	3.54	0.00	0.00	1.90
Price to Earnings (P/E)	67.78	968.57	0.00	272.71	186.08	122.89	0.00	0.00	0.00
Dividend Yield	2.00%	1.76%	1.74%	2.61%	2.39%	2.43%	8.90%	11.13%	13.13%
Earnings Yield	1.48%	0.10%	0.00%	0.37%	0.54%	0.81%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.15	1.21	1.16	0.96	0.99	0.98	0.00	0.00	0.82
Enterprise Value to Revenue (EV/Rev)	11.06	12.13	11.69	9.61	9.75	9.53	0.00	0.00	7.92
Enterprise Value to EBITDA (EV/EBITDA)	25.43	32.40	35.55	28.66	28.53	28.40	0.00	0.00	396.26
Enterprise Value to EBIT (EV/EBIT)	131.84	546.34	0.00	153,987.22	431.67	344.64	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	162.19	1,391.28	0.00	895.28	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	28.91	32.55	30.89	28.05	24.76	22.12	0.00	0.00	16.63
Enterprise Value to Free Cash Flow (EV/FCFF)	22.69	90.68	0.00	0.00	4,093.09	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	1.25	1.34	1.31	1.28	1.29	1.30	0.00	0.00	1.30
Long-Term Debt to Equity	1.16	1.24	1.22	1.20	1.20	1.21	0.00	0.00	1.21
Financial Leverage	1.27	1.32	1.31	1.28	1.30	1.30	0.00	0.00	1.30
Leverage Ratio	2.52	2.57	2.57	2.53	2.55	2.54	0.00	0.00	2.56
Compound Leverage Factor	2.95	2.30	2.55	3.51	1.06	4.72	0.00	0.00	4.51
Debt to Total Capital	55.58%	57.18%	56.80%	56.23%	56.42%	56.54%	0.00%	0.00%	56.54%
Short-Term Debt to Total Capital	4.10%	3.99%	3.96%	3.93%	3.93%	3.94%	0.00%	0.00%	3.93%
Long-Term Debt to Total Capital	51.48%	53.19%	52.84%	52.31%	52.49%	52.60%	0.00%	0.00%	52.61%
Preferred Equity to Total Capital	8.43%	8.20%	8.15%	8.07%	8.08%	8.10%	0.00%	0.00%	8.08%
Noncontrolling Interests to Total Capital	6.52%	7.03%	6.82%	5.36%	5.73%	5.72%	0.00%	0.00%	4.59%
Common Equity to Total Capital	29.47%	27.58%	28.23%	30.34%	29.77%	29.64%	0.00%	0.00%	30.80%
Debt to EBITDA	12.28	15.26	17.47	16.85	16.18	16.34	0.00	0.00	274.08
Net Debt to EBITDA	11.01	13.50	15.29	14.57	13.93	13.84	0.00	0.00	239.85
Long-Term Debt to EBITDA	11.37	14.20	16.25	15.67	15.05	15.20	0.00	0.00	255.04
Debt to NOPAT	78.30	655.17	-140.78	526.28	-1,474.13	-1,714.50	0.00	0.00	-29.14
Net Debt to NOPAT	70.19	579.69	-123.20	454.92	-1,268.96	-1,452.37	0.00	0.00	-25.50
Long-Term Debt to NOPAT	72.52	609.46	-130.95	489.54	-1,371.45	-1,595.03	0.00	0.00	-27.11
Noncontrolling Interest Sharing Ratio	32.66%	33.66%	34.65%	30.69%	30.41%	30.12%	0.00%	0.00%	29.14%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	697	186	-14,519	-14,623	2.88	0.00	0.00	0.00	-14,636
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	879.98%	9,187.20%
Free Cash Flow to Firm to Interest Expense	7.28	1.85	-143.88	-148.60	0.03	0.00	0.00	0.00	-169.71
Operating Cash Flow to Interest Expense	0.54	2.05	1.04	1.98	0.35	2.41	0.71	3.25	1.07
Operating Cash Flow Less CapEx to Interest Expense	0.54	2.05	1.04	1.98	0.35	2.41	0.71	2.88	1.05
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.09	0.09	0.09	0.09	0.09	0.09	0.00	0.00	0.09
Fixed Asset Turnover	0.15	0.14	0.14	0.15	0.15	0.15	0.00	0.00	0.15
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	14,020	14,415	14,509	14,649	14,632	14,595	0.00	0.00	14,641
Invested Capital Turnover	0.10	0.10	0.20	0.20	0.10	0.10	0.00	0.00	0.21
Increase / (Decrease) in Invested Capital	-612	-180	14,509	14,649	-9.16	0.00	0.00	0.00	14,641
Enterprise Value (EV)	16,141	17,504	16,765	14,013	14,556	14,338	0.00	0.00	11,969
Market Capitalization	7,059	8,015	7,382	4,925	5,429	5,331	4,236	3,388	2,870
Book Value per Share	$21.65	$20.85	$21.50	$23.33	$22.88	$22.55	$0.00	$0.00	$23.50
Tangible Book Value per Share	$19.02	$18.37	$19.02	$20.83	$20.35	$20.04	$0.00	$0.00	$20.87
Total Capital	14,020	14,415	14,509	14,649	14,632	14,595	0.00	0.00	14,641
Total Debt	7,792	8,243	8,241	8,237	8,255	8,251	0.00	0.00	8,278
Total Long-Term Debt	7,217	7,668	7,666	7,662	7,680	7,676	0.00	0.00	7,703
Net Debt	6,985	7,293	7,212	7,120	7,106	6,990	0.00	0.00	7,244
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	32	1.00
Net Nonoperating Expense (NNE)	-15	0.00	9.26	-14	0.00	31	-47	-0.87	-5.31
Net Nonoperating Obligations (NNO)	7,792	8,243	8,241	8,237	8,255	8,251	0.00	0.00	8,278
Total Depreciation and Amortization (D&A)	129	127	130	126	125	121	117	113	112
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.45	$0.00	($0.10)	$0.19	($0.05)	($0.32)	$0.00	$0.00	$0.03
Adjusted Weighted Average Basic Shares Outstanding	191.37M	190.54M	190.56M	190.49M	190.43M	191.01M	0.00	0.00	191.87M
Adjusted Diluted Earnings per Share	$0.43	$0.01	($0.10)	$0.18	($0.05)	($0.32)	$0.00	$0.00	$0.03
Adjusted Weighted Average Diluted Shares Outstanding	200.74M	196.63M	190.56M	194.41M	190.43M	191.86M	0.00	0.00	191.88M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	191.95M	190.85M	190.65M	190.51M	190.48M	190.39M	0.00	0.00	191.88M
Normalized Net Operating Profit after Tax (NOPAT)	-5.14	-13	-23	-16	-11	-46	-2.63	27	-5.87
Normalized NOPAT Margin	-1.37%	-3.50%	-6.48%	-4.54%	-3.10%	-12.70%	-0.70%	6.80%	-1.59%
Pre Tax Income Margin	28.61%	3.14%	-4.11%	12.52%	0.13%	-25.62%	18.87%	16.88%	4.30%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.96	0.13	-0.15	0.33	0.01	-0.57	0.18	0.76	0.10
NOPAT to Interest Expense	0.89	0.06	-0.10	0.26	-0.07	-0.79	0.14	0.71	0.07
EBIT Less CapEx to Interest Expense	0.96	0.13	-0.15	0.33	0.01	-0.57	0.18	0.39	0.09
NOPAT Less CapEx to Interest Expense	0.89	0.06	-0.10	0.26	-0.07	-0.79	0.14	0.34	0.06
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	175.71%	1,100.47%	-173.88%	-2,064.63%	985.25%	699.81%	0.00%	0.00%	-114.55%
Augmented Payout Ratio	175.71%	1,100.47%	-173.88%	-2,146.83%	985.25%	788.54%	0.00%	0.00%	-114.55%

Frequently Asked Questions About Vornado Realty Trust's Financials

When does Vornado Realty Trust's financial year end?

According to the most recent income statement we have on file, Vornado Realty Trust's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Vornado Realty Trust's net income changed over the last 9 years?

Vornado Realty Trust's net income appears to be on a downward trend, with a most recent value of $20.12 million in 2024, falling from $859.43 million in 2015. The previous period was $32.89 million in 2023. Check out Vornado Realty Trust's forecast to explore projected trends and price targets.

How has Vornado Realty Trust revenue changed over the last 9 years?

Over the last 9 years, Vornado Realty Trust's total revenue changed from $1.78 billion in 2015 to $1.44 billion in 2024, a change of -18.8%.

How much debt does Vornado Realty Trust have?

Vornado Realty Trust's total liabilities were at $9.83 billion at the end of 2024, a 0.2% decrease from 2023, and a 21.0% decrease since 2015.

How much cash does Vornado Realty Trust have?

In the past 9 years, Vornado Realty Trust's cash and equivalents has ranged from $570.92 million in 2018 to $1.84 billion in 2015, and is currently $733.95 million as of their latest financial filing in 2024.

How has Vornado Realty Trust's book value per share changed over the last 9 years?

Over the last 9 years, Vornado Realty Trust's book value per share changed from 28.75 in 2015 to 20.85 in 2024, a change of -27.5%.

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This page (NYSE:VNO) was last updated on 5/21/2025 by MarketBeat.com Staff

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Vornado Realty Trust (VNO) Financials

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Vornado Realty Trust (VNO) Financials

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