(VNO) Vornado Realty Trust - Overview
Exchange: NYSE •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US9290421091
Stock: Office, Retail, Residential, Hotel
Total Rating 30
Risk 69
Buy Signal -1.15
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 2.21% |
| Yield on Cost 5y | 2.31% |
| Yield CAGR 5y | -23.14% |
| Payout Consistency | 91.8% |
| Payout Ratio | 17.7% |
| Risk 5d forecast | |
|---|---|
| Volatility | 36.3% |
| Relative Tail Risk | -5.98% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.75 |
| Alpha | -42.72 |
| Character TTM | |
|---|---|
| Beta | 1.183 |
| Beta Downside | 1.321 |
| Drawdowns 3y | |
|---|---|
| Max DD | 47.30% |
| CAGR/Max DD | 0.26 |
Description: VNO Vornado Realty Trust January 07, 2026
Vornado Realty Trust (NYSE: VNO) is a fully integrated real-estate investment trust that conducts its operations through Vornado Realty L.P., a Delaware limited partnership. As of September 30 2025, Vornado holds roughly 91.5 % of the common limited-partnership interests in the Operating Partnership, making it the sole general partner and effectively the controlling entity for all of its property assets.
Key performance indicators from the most recent reporting period (Q2 2024) show an occupancy rate of 92 % across its office and mixed-use portfolio, a 5 % year-over-year increase in Funds From Operations (FFO) to $2.18 billion, and a net debt-to-EBITDA ratio of 5.2×, reflecting a moderate leverage profile in a rising-interest-rate environment. The REIT’s exposure to premium office locations in New York City makes it especially sensitive to macro-economic drivers such as corporate headcount trends, remote-work adoption, and the Federal Reserve’s policy stance on rates, which together influence cap-rate compression and rental growth.
For a deeper quantitative comparison, you might explore ValueRay’s REIT analytics platform.
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income: 905.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 5.00 > 1.0 |
| NWC/Revenue: 56.73% < 20% (prev 47.04%; Δ 9.69% < -1%) |
| CFO/TA 0.08 > 3% & CFO 1.32b > Net Income 905.6m |
| Net Debt (6.88b) to EBITDA (1.78b): 3.86 < 3 |
| Current Ratio: 1.93 > 1.5 & < 3 |
| Outstanding Shares: last quarter (192.1m) vs 12m ago 0.78% < -2% |
| Gross Margin: 55.24% > 18% (prev 0.42%; Δ 5482 % > 0.5%) |
| Asset Turnover: 11.40% > 50% (prev 11.02%; Δ 0.38% > 0%) |
| Interest Coverage Ratio: 3.67 > 6 (EBITDA TTM 1.78b / Interest Expense TTM 353.6m) |
Altman Z'' -0.10
| A: 0.07 (Total Current Assets 2.13b - Total Current Liabilities 1.10b) / Total Assets 15.75b |
| B: -0.21 (Retained Earnings -3.30b / Total Assets 15.75b) |
| C: 0.08 (EBIT TTM 1.30b / Avg Total Assets 15.92b) |
| D: -0.38 (Book Value of Equity -3.29b / Total Liabilities 8.73b) |
| Altman-Z'' Score: -0.10 = B |
Beneish M -3.07
| DSRI: 1.24 (Receivables 979.9m/771.0m, Revenue 1.81b/1.77b) |
| GMI: 0.77 (GM 55.24% / 42.35%) |
| AQI: 0.97 (AQ_t 0.82 / AQ_t-1 0.85) |
| SGI: 1.02 (Revenue 1.81b / 1.77b) |
| TATA: -0.03 (NI 905.6m - CFO 1.32b) / TA 15.75b) |
| Beneish M-Score: -3.07 (Cap -4..+1) = AA |
What is the price of VNO shares?
As of February 07, 2026, the stock is trading at USD 31.27 with a total of 1,116,702 shares traded.
Over the past week, the price has changed by -1.91%, over one month by -8.91%, over three months by -10.27% and over the past year by -26.03%.
Over the past week, the price has changed by -1.91%, over one month by -8.91%, over three months by -10.27% and over the past year by -26.03%.
Is VNO a buy, sell or hold?
Vornado Realty Trust has received a consensus analysts rating of 3.00.
Therefor, it is recommend to hold VNO.
- StrongBuy: 2
- Buy: 1
- Hold: 7
- Sell: 3
- StrongSell: 1
What are the forecasts/targets for the VNO price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 38.5 | 23.2% |
| Analysts Target Price | 38.5 | 23.2% |
| ValueRay Target Price | 31.2 | -0.1% |
VNO Fundamental Data Overview February 05, 2026
P/E Trailing = 7.2625
P/E Forward = 3333.3333
P/S = 3.3366
P/B = 1.2112
P/EG = 2.1961
Revenue TTM = 1.81b USD
EBIT TTM = 1.30b USD
EBITDA TTM = 1.78b USD
Long Term Debt = 6.47b USD (from longTermDebt, last quarter)
Short Term Debt = 720.4m USD (from shortTermDebt, last quarter)
Debt = 7.89b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 6.88b USD (from netDebt column, last quarter)
Enterprise Value = 13.24b USD (6.35b + Debt 7.89b - CCE 1.01b)
Interest Coverage Ratio = 3.67 (Ebit TTM 1.30b / Interest Expense TTM 353.6m)
EV/FCF = 10.04x (Enterprise Value 13.24b / FCF TTM 1.32b)
FCF Yield = 9.96% (FCF TTM 1.32b / Enterprise Value 13.24b)
FCF Margin = 72.65% (FCF TTM 1.32b / Revenue TTM 1.81b)
Net Margin = 49.91% (Net Income TTM 905.6m / Revenue TTM 1.81b)
Gross Margin = 55.24% ((Revenue TTM 1.81b - Cost of Revenue TTM 812.1m) / Revenue TTM)
Gross Margin QoQ = 46.71% (prev 50.31%)
Tobins Q-Ratio = 0.84 (Enterprise Value 13.24b / Total Assets 15.75b)
Interest Expense / Debt = 1.07% (Interest Expense 84.5m / Debt 7.89b)
Taxrate = 21.0% (US default 21%)
NOPAT = 1.03b (EBIT 1.30b * (1 - 21.00%))
Current Ratio = 1.93 (Total Current Assets 2.13b / Total Current Liabilities 1.10b)
Debt / Equity = 1.30 (Debt 7.89b / totalStockholderEquity, last quarter 6.07b)
Debt / EBITDA = 3.86 (Net Debt 6.88b / EBITDA 1.78b)
Debt / FCF = 5.22 (Net Debt 6.88b / FCF TTM 1.32b)
Total Stockholder Equity = 5.66b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.69% (Net Income 905.6m / Total Assets 15.75b)
RoE = 16.01% (Net Income TTM 905.6m / Total Stockholder Equity 5.66b)
RoCE = 10.71% (EBIT 1.30b / Capital Employed (Equity 5.66b + L.T.Debt 6.47b))
RoIC = 8.51% (NOPAT 1.03b / Invested Capital 12.05b)
WACC = 5.05% (E(6.35b)/V(14.25b) * Re(10.27%) + D(7.89b)/V(14.25b) * Rd(1.07%) * (1-Tc(0.21)))
Discount Rate = 10.27% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.44%
[DCF Debug] Terminal Value 85.81% ; FCFF base≈1.01b ; Y1≈958.3m ; Y5≈916.8m
Fair Price DCF = 107.4 (EV 27.51b - Net Debt 6.88b = Equity 20.63b / Shares 192.1m; r=5.90% [WACC]; 5y FCF grow -6.44% → 2.90% )
EPS Correlation: 25.34 | EPS CAGR: -21.29% | SUE: -0.02 | # QB: 0
Revenue Correlation: 27.80 | Revenue CAGR: 2.01% | SUE: 1.36 | # QB: 1
EPS next Quarter (2026-03-31): EPS=0.06 | Chg30d=+0.000 | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=-0.02 | Chg30d=+0.000 | Revisions Net=+1 | Growth EPS=+142.3% | Growth Revenue=+0.8%
P/E Forward = 3333.3333
P/S = 3.3366
P/B = 1.2112
P/EG = 2.1961
Revenue TTM = 1.81b USD
EBIT TTM = 1.30b USD
EBITDA TTM = 1.78b USD
Long Term Debt = 6.47b USD (from longTermDebt, last quarter)
Short Term Debt = 720.4m USD (from shortTermDebt, last quarter)
Debt = 7.89b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 6.88b USD (from netDebt column, last quarter)
Enterprise Value = 13.24b USD (6.35b + Debt 7.89b - CCE 1.01b)
Interest Coverage Ratio = 3.67 (Ebit TTM 1.30b / Interest Expense TTM 353.6m)
EV/FCF = 10.04x (Enterprise Value 13.24b / FCF TTM 1.32b)
FCF Yield = 9.96% (FCF TTM 1.32b / Enterprise Value 13.24b)
FCF Margin = 72.65% (FCF TTM 1.32b / Revenue TTM 1.81b)
Net Margin = 49.91% (Net Income TTM 905.6m / Revenue TTM 1.81b)
Gross Margin = 55.24% ((Revenue TTM 1.81b - Cost of Revenue TTM 812.1m) / Revenue TTM)
Gross Margin QoQ = 46.71% (prev 50.31%)
Tobins Q-Ratio = 0.84 (Enterprise Value 13.24b / Total Assets 15.75b)
Interest Expense / Debt = 1.07% (Interest Expense 84.5m / Debt 7.89b)
Taxrate = 21.0% (US default 21%)
NOPAT = 1.03b (EBIT 1.30b * (1 - 21.00%))
Current Ratio = 1.93 (Total Current Assets 2.13b / Total Current Liabilities 1.10b)
Debt / Equity = 1.30 (Debt 7.89b / totalStockholderEquity, last quarter 6.07b)
Debt / EBITDA = 3.86 (Net Debt 6.88b / EBITDA 1.78b)
Debt / FCF = 5.22 (Net Debt 6.88b / FCF TTM 1.32b)
Total Stockholder Equity = 5.66b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.69% (Net Income 905.6m / Total Assets 15.75b)
RoE = 16.01% (Net Income TTM 905.6m / Total Stockholder Equity 5.66b)
RoCE = 10.71% (EBIT 1.30b / Capital Employed (Equity 5.66b + L.T.Debt 6.47b))
RoIC = 8.51% (NOPAT 1.03b / Invested Capital 12.05b)
WACC = 5.05% (E(6.35b)/V(14.25b) * Re(10.27%) + D(7.89b)/V(14.25b) * Rd(1.07%) * (1-Tc(0.21)))
Discount Rate = 10.27% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.44%
[DCF Debug] Terminal Value 85.81% ; FCFF base≈1.01b ; Y1≈958.3m ; Y5≈916.8m
Fair Price DCF = 107.4 (EV 27.51b - Net Debt 6.88b = Equity 20.63b / Shares 192.1m; r=5.90% [WACC]; 5y FCF grow -6.44% → 2.90% )
EPS Correlation: 25.34 | EPS CAGR: -21.29% | SUE: -0.02 | # QB: 0
Revenue Correlation: 27.80 | Revenue CAGR: 2.01% | SUE: 1.36 | # QB: 1
EPS next Quarter (2026-03-31): EPS=0.06 | Chg30d=+0.000 | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=-0.02 | Chg30d=+0.000 | Revisions Net=+1 | Growth EPS=+142.3% | Growth Revenue=+0.8%