Vornado Realty Trust VNO Stock Analysis
- NYSE
- Stock
- Market closed · opens Monday 9:30 AM ET
$32.93 down $0.30, 0.90% at close Oct 16
Last close · Previous close $33.23
- Market cap
- At the Oct 16 close
- P/E ratio
- 1097.67On last 12 months’ EPS
- Diluted EPS
- $0.03Last 12 months
- Dividend yield
- 2.25%Last 12 months
Price chart
$32.93down $0.30, 0.90%Fri, Oct 16 session
Use the left and right arrow keys to move along the chart.
Price data
Trading
- Previous close$33.23Oct 15
- Volume1.98MOct 16 session
Shares traded on all US exchanges in the last completed session. Live intraday volume covers IEX only, so it is left out.
- Avg. volume1.47MLast 21 sessions
The average daily shares traded over the last 21 trading sessions, about one calendar month.
- 52-week range: $24.57 to $41.60; now $32.93
The lowest and highest trades over the past 52 weeks, adjusted for splits. The marker shows the latest price.
Member SIPC.Low CommissionsLearn More (opens in a new tab)Sponsored. Affiliate link: I may earn a commission. The inclusion of Interactive Brokers’ (IBKR) name, logo or weblink is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed.
Performance
Past performance, measured to the Oct 16 close. Total return includes reinvested dividends.Price change only, without dividends. Compared with the S&P 500, using SPY.
VNO trailed the S&P 500 in all 7 periods.
| Period | VNO and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | VNO: down 5.4% S&P 500: up 1.5% | VNO trailed the S&P 500 by 6.9 percentage points Trailed |
| 3M | VNO: down 19.2% S&P 500: up 1.9% | VNO trailed the S&P 500 by 21.1 percentage points Trailed |
| YTD | VNO: down 1.1% S&P 500: up 12.8% | VNO trailed the S&P 500 by 13.9 percentage points Trailed |
| 1Y | VNO: down 14.8% S&P 500: up 16.8% | VNO trailed the S&P 500 by 31.6 percentage points Trailed |
| Long term | ||
| 3Y | VNO: up 57.8% S&P 500: up 81.5% +16.4% vs +22.0% a year | VNO trailed the S&P 500 by 23.7 percentage points Trailed |
| 5Y | VNO: down 15.7% S&P 500: up 83.1% −3.4% vs +12.9% a year | VNO trailed the S&P 500 by 98.8 percentage points Trailed |
| 10Y | VNO: down 37.3% S&P 500: up 319.6% −4.6% vs +15.4% a year | VNO trailed the S&P 500 by 356.9 percentage points Trailed |
$10,000 invested in VNO 10 years ago (Oct 14, 2016) would be worth about $6,268 at the close on , with dividends reinvested. The same amount in the S&P 500 would be worth about $41,964.
VNO trailed the S&P 500 in all 7 periods.
| Period | VNO and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | VNO: down 5.4% S&P 500: up 1.2% | VNO trailed the S&P 500 by 6.6 percentage points Trailed |
| 3M | VNO: down 19.2% S&P 500: up 1.7% | VNO trailed the S&P 500 by 20.9 percentage points Trailed |
| YTD | VNO: down 1.1% S&P 500: up 11.9% | VNO trailed the S&P 500 by 13.0 percentage points Trailed |
| 1Y | VNO: down 16.6% S&P 500: up 15.5% | VNO trailed the S&P 500 by 32.1 percentage points Trailed |
| Long term | ||
| 3Y | VNO: up 50.4% S&P 500: up 75.0% +14.6% vs +20.5% a year | VNO trailed the S&P 500 by 24.6 percentage points Trailed |
| 5Y | VNO: down 27.0% S&P 500: up 71.2% −6.1% vs +11.4% a year | VNO trailed the S&P 500 by 98.2 percentage points Trailed |
| 10Y | VNO: down 57.2% S&P 500: up 258.1% −8.1% vs +13.6% a year | VNO trailed the S&P 500 by 315.3 percentage points Trailed |
$10,000 invested in VNO 10 years ago (Oct 14, 2016) would be worth about $4,277 at the close on , not counting dividends. The same amount in the S&P 500 would be worth about $35,813.
All-time high
$109.74
Closing high on . Now 70.0% below that record.
Split-adjusted daily closes since Jan 5, 1988.
Stock splits
4
Latest: 1.24-for-1 on . One share bought before the first split is 15 shares today.
All 4 splits
- 1.24-for-1
- 2-for-1
- 3-for-2
- 5-for-1
Valuation
Financials
Reported results, not forecasts. From company filings via Tiingo; the latest report is Q2 FY26, the quarter ended Jun 30, 2026. “Last 12 months” means the four quarters from Jul 1, 2025 to Jun 30, 2026, and balance-sheet figures are as of Jun 30, 2026.
Revenue and net income
Last 12 months, with the change from the 12 months before
- Revenue
- $1.83Bup 1.4%
- Net income
- $67.88Mdown 92.2%
- Diluted EPS
- $0.03down 99.3%
Data table
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| Q3 FY24 (Sep 30, 2024) | $443.26M | −$3.63M | −$0.10 |
| Q4 FY24 (Dec 31, 2024) | $457.79M | $16.73M | $0.00 |
| Q1 FY25 (Mar 31, 2025) | $461.58M | $102.37M | $0.43 |
| Q2 FY25 (Jun 30, 2025) | $441.44M | $759.35M | $3.70 |
| Q3 FY25 (Sep 30, 2025) | $453.70M | $27.12M | $0.06 |
| Q4 FY25 (Dec 31, 2025) | $453.71M | $16.13M | $0.01 |
| Q1 FY26 (Mar 31, 2026) | $459.11M | −$7.32M | −$0.12 |
| Q2 FY26 (Jun 30, 2026) | $462.24M | $31.96M | $0.08 |
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| FY21 (Dec 31, 2021) | $1.59B | $176.00M | $0.53 |
| FY22 (Dec 31, 2022) | $1.80B | −$346.50M | −$2.13 |
| FY23 (Dec 31, 2023) | $1.81B | $105.49M | $0.23 |
| FY24 (Dec 31, 2024) | $1.79B | $70.39M | $0.04 |
| FY25 (Dec 31, 2025) | $1.81B | $904.96M | $4.20 |
Margins
- Gross 48.3%
- Operating 10.9%
- Net 3.7%
The percentages above the chart cover the last 12 months; the lines show each quarter. What margins tell you
Cash flow
- −$318.02MLast 12 months
Cash from operations minus capital spending: the cash left after the business maintains and grows its assets.
FCF = Operating cash flow − Capital spendingFree cash flow - Operating cash flow$390.89MLast 12 months
- Capital spending$708.91MLast 12 months
- −17.4%Last 12 months
Free cash flow as a share of revenue, both over the last 12 months.
Shareholder returns
- $184.39MLast 12 months
Cash spent repurchasing shares, net of shares issued. Buybacks shrink the share count, so each remaining share owns more of the company.
- Dividends paid$141.28MLast 12 months
- Total returned$325.66MLast 12 months
Balance sheet
- Not reportedAs of Jun 30, 2026
Cash plus short- and long-term marketable securities on the Jun 30, 2026 balance sheet.
- Total debt$8.14BAs of Jun 30, 2026
- 1.41As of Jun 30, 2026
Total debt divided by shareholders’ equity on the Jun 30, 2026 balance sheet: a measure of financial leverage.
D/E = Total debt ÷ Shareholders’ equityDebt-to-equity ratio
Financial strength
- 1.1%Last 12 months
Over the last 12 months, Vornado Realty Trust’s net income was 1.1% of its shareholders’ equity (averaged over the last four quarter-ends). It describes the past year, not an expected return.
ROE = Net income (last 12 months) ÷ Average equityReturn on equity - 0.4%Last 12 months
Over the last 12 months, Vornado Realty Trust’s net income was 0.4% of its total assets (averaged over the last four quarter-ends): what the business earned on everything it owns.
ROA = Net income (last 12 months) ÷ Average total assets
Dividends
Cash dividends per share by ex-dividend year, adjusted for splits.
Dividends per share
Data table
| Year | Per share |
|---|---|
| 2016 | $2.04 |
| 2017 | $2.35 |
| 2018 | $2.52 |
| 2019 | $4.59 |
| 2020 | $2.38 |
| 2021 | $2.12 |
| 2022 | $2.12 |
| 2023 | $0.68 |
| 2024 | $0.74 |
| 2025 | $0.74 |
| 2026 (to date) | $0.000 |
Dividend details
- $0.74Per share, last 12 months
Cash dividends per share with ex-dividend dates in the last 12 months.
- Dividend yield2.25%Last 12 months
- $0.74Ex-dividend
The most recent payment per share. Shares bought on or after the ex-dividend date don’t receive it.
- FrequencyAnnual1 payment in the last 12 months
- down 9.1% a yearFull years 2020–2025
The compound annual growth rate of the full-year dividend per share from 2020 to 2025.
- 2,466.7%Last 12 months
The share of earnings paid out as dividends over the last 12 months. Lower ratios leave more room to reinvest or raise the dividend.
Payout = Dividends per share ÷ Diluted EPS (both last 12 months)Payout ratio calculator
About Vornado Realty Trust
Vornado is a fully integrated real estate investment trust (“REIT”) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with 100% of our in-service offices buildings LEED certified and over 95% certified LEED Gold or Platinum.
- Sector
- Real Estate
- Industry
- REIT - Office
- Headquarters
- New York, USA
- Website
- vno.com (opens in a new tab)
- SEC filings
- EDGAR (opens in a new tab)
- Exchange
- NYSE
- Asset type
- Common stock
- Price history since
VNO news
Explore more stocks
Prices are from the last refresh. Open any stock for its live dashboard.
Popular stocks
VNO stock FAQ
What is VNO stock’s price today?
Vornado Realty Trust (VNO) traded at $32.93 at the close on , down $0.30 (0.90%) from the previous close of $33.23. Over the past 52 weeks it has traded between $24.57 and $41.60.
If you invested $1,000 in VNO 10 years ago, how much would you have now?
With dividends reinvested, $1,000 invested in VNO on would be worth about $627 at the close on , a total return of −37.3%. The same $1,000 would be worth $843 if invested five years ago, $852 if invested one year ago, $829 if invested 20 years ago, and $7,213 if invested 30 years ago. Past performance doesn’t predict future returns.
What is VNO’s P/E ratio?
VNO trades at 1097.7 times its diluted earnings over the four quarters to ($0.03 per share), at the close. (How the P/E ratio works.)
How much revenue does Vornado Realty Trust make?
Vornado Realty Trust reported $1.8 billion of revenue over the four quarters to , up 1.4% from the twelve months before. In its latest quarter (Q2 FY26, ended ) revenue was $462.2 million, up 4.7% from a year earlier.
Is Vornado Realty Trust profitable?
Yes. Vornado Realty Trust earned $67.9 million of net income over the four quarters to , a net margin of 3.7%, and its operating margin was 10.9% (what margins tell you).
What are VNO’s earnings per share?
VNO’s diluted earnings per share were $0.03 over the four quarters to , compared with $4.03 in the twelve months before. The latest quarter (Q2 FY26) brought $0.08 per share, against $3.70 a year earlier (how EPS works).
Does VNO pay a dividend?
Yes. Vornado Realty Trust pays a annual dividend. The most recent was $0.74 per share, with an ex-dividend date of . Over the last twelve months it paid $0.74 per share, a 2.25% yield at the close (how dividend yield works).
Based on the last 12 months’ payments ($0.74 per share), and if the next 12 months match the last 12, 100 shares would receive about $74 over 12 months, and $1,000 over 12 months would take about 1,352 shares, roughly $44,521 at the close. Dividends can change.
What is VNO’s 52-week high and low?
Over the past 52 weeks VNO has traded as low as $24.57 and as high as $41.60. At $32.93 at the close on , it is 20.8% below that high and 34.0% above the low.
What is VNO’s all-time high?
VNO’s highest closing price was $109.74 on , adjusted for stock splits. At $32.93 at the close on , it is 70.0% below that record.
Has VNO stock ever split?
Yes, four times: 5-for-1 on ; 3-for-2 on ; 2-for-1 on ; 1.24-for-1 on . One share bought before the first split would be 15 shares today.
How has VNO stock performed?
Including dividends and measured to the close on , VNO has returned −1.1% so far this year and −14.8% over the past year, and −15.7% over five years (−3.4% a year). Over the same periods the S&P 500, measured by SPY, returned +12.8%, +16.8% and +83.1%. Past performance doesn’t predict future returns.
What sector and industry is Vornado Realty Trust in?
Vornado Realty Trust is in the Real Estate sector and the REIT - Office industry, and is headquartered in New York, USA.
What exchange does VNO trade on?
Vornado Realty Trust trades on the NYSE under the ticker symbol VNO. Its price history on this dashboard begins on .
Member SIPC.Low CommissionsLearn More (opens in a new tab)Sponsored. Affiliate link: I may earn a commission. The inclusion of Interactive Brokers’ (IBKR) name, logo or weblink is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed.
About this data. Data sourced by Tiingo (opens in a new tab). The live price is Tiingo’s real-time price, based on IEX trades and quotes; intraday charts show IEX trades, and volume figures are consolidated totals for completed sessions. Prices are split-adjusted, and total returns assume dividends are reinvested. Financials come from company filings and can lag new reports. Times are Eastern.
This page is for education, not investment advice. Past performance doesn't predict future returns. Logos provided by Logo.dev (opens in a new tab).
The Interactive Brokers word and logo are trademarks of Interactive Brokers LLC (or its subsidiaries) in the US and/or elsewhere. All rights reserved.