Vornado Realty Trust (VNO)

Official site

REAL ESTATE • REIT - OFFICE • NYSE

$33.23

+0.88 (+2.74%)

Market Cap: $6.40B

Last updated: Oct 16, 2026 at 1:55 PM ET

Earnings

Performance (10Y)

Beat Rate

38%(15/39)

Avg Surprise

+201.27%

Streak

2 Q

Upcoming Estimates

Period ending Sep 30, 2026

EPS Consensus$-0.22

Range$-0.22 - $-0.22

1 analysts

EPS RevisionsNo revisions (7d)

30d

EPS Estimate DriftChange to current

90d ago$0.02-1200.0%

60d ago$0.02-1200.0%

30d ago$0.02-1200.0%

7d ago$0.02-1200.0%

Current$-0.22

Revenue Consensus

$477M

Range$450M - $495M

3 analysts

Period ending Dec 31, 2026

EPS Consensus$0.17

Range$0.17 - $0.17

1 analysts

Revenue Consensus

$523M

Range$479M - $558M

4 analysts

Period	Reported	Est.	Range	Surprise	B/M	Analysts	Revisions	YoY
Dec 31, 2026Dec 26EST	-	$0.17	$0.17 - $0.17	-	-	1	-	-
Sep 30, 2026Sep 26EST	-	$-0.22	$-0.22 - $-0.22	-	-	1	0 1 30d	-
Jun 30, 2026Jun 26 Reported Aug 3, 2026Reported Aug 3	$0.67	$0.57	$0.57 - $0.57	+17.54%	Beat	1	No revisions (30d)	-81.9%
Mar 31, 2026Mar 26 Reported May 4, 2026Reported May 4	$-0.08	$-0.11	$-0.11 - $-0.11	+27.27%	Beat	1	0 1 30d	-118.6%
Dec 31, 2025Dec 25 Reported Feb 9, 2026Reported Feb 9	$-0.02	N/A	-	-140.00%	Miss	1	No revisions (30d)	-300.0%
Sep 30, 2025Sep 25 Reported Nov 3, 2025Reported Nov 3	$0.06	$-0.01	$-0.02 - $-0.01	+700.00%	Beat	2	No revisions (30d)	+160.0%
Jun 30, 2025Jun 25 Reported Aug 4, 2025Reported Aug 4	$3.70	$-0.07	$-0.07 - $-0.07	+5385.71%	Beat	0	No revisions (30d)	+1955.6%
Mar 31, 2025Mar 25 Reported May 5, 2025Reported May 5	$0.43	$-0.03	$-0.03 - $-0.03	+1533.33%	Beat	0	No revisions (30d)	+960.0%
Dec 31, 2024Dec 24 Reported Feb 10, 2025Reported Feb 10	$0.01	N/A	-	+111.11%	Beat	0	No revisions (30d)	+103.1%
Sep 30, 2024Sep 24 Reported Nov 4, 2024Reported Nov 4	$-0.10	$-0.09	$-0.11 - $-0.08	-11.11%	Miss	3	No revisions (30d)	-135.7%
Jun 30, 2024Jun 24 Reported Aug 5, 2024Reported Aug 5	$0.18	$-0.10	$-0.10 - $-0.10	+280.00%	Beat	1	No revisions (30d)	-25.0%
Mar 31, 2024Mar 24 Reported May 6, 2024Reported May 6	$-0.05	$-0.08	$-0.08 - $-0.08	+37.50%	Beat	1	No revisions (30d)	-266.7%
Dec 31, 2023Dec 23 Reported Feb 12, 2024Reported Feb 12	$-0.32	$-0.10	$-0.10 - $-0.10	-220.00%	Miss	1	No revisions (30d)	-366.7%
Sep 30, 2023Sep 23 Reported Oct 30, 2023Reported Oct 30	$0.28	$-0.09	$-0.09 - $-0.09	+411.11%	Beat	1	0 1 30d	+47.4%
Jun 30, 2023Jun 23 Reported Jul 31, 2023Reported Jul 31	$0.24	$-0.12	$-0.12 - $-0.12	+300.00%	Beat	1	No revisions (30d)	+26.3%
Mar 31, 2023Mar 23 Reported May 1, 2023Reported May 1	$0.03	N/A	-	+125.00%	Beat	3	No revisions (30d)	-81.3%
Dec 31, 2022Dec 22 Reported Feb 13, 2023Reported Feb 13	$0.12	$0.17	$0.09 - $0.25	-29.41%	Miss	2	No revisions (30d)	+100.0%
Sep 30, 2022Sep 22 Reported Oct 31, 2022Reported Oct 31	$0.19	$0.20	$0.01 - $0.20	-5.00%	Miss	2	No revisions (30d)	+35.7%
Jun 30, 2022Jun 22 Reported Aug 1, 2022Reported Aug 1	$0.19	$0.23	$0.21 - $0.26	-17.39%	Miss	2	0 1 30d	-24.0%
Mar 31, 2022Mar 22 Reported May 2, 2022Reported May 2	$0.16	$0.29	$0.20 - $0.34	-44.83%	Miss	3	No revisions (30d)	+166.7%
Dec 31, 2021Dec 21 Reported Feb 14, 2022Reported Feb 14	$0.06	N/A	-	-68.42%	Miss	2	No revisions (30d)	+106.2%
Sep 30, 2021Sep 21 Reported Nov 1, 2021Reported Nov 1	$0.14	$0.18	$0.06 - $0.18	-22.22%	Miss	3	No revisions (30d)	+255.6%
Jun 30, 2021Jun 21 Reported Aug 2, 2021Reported Aug 2	$0.25	$0.13	$0.07 - $0.14	+92.31%	Beat	3	1 0 30d	+725.0%
Mar 31, 2021Mar 21 Reported May 3, 2021Reported May 3	$0.06	$0.07	$-0.13 - $0.07	-14.29%	Miss	3	No revisions (30d)	+100.0%
Dec 31, 2020Dec 20 Reported Feb 16, 2021Reported Feb 16	$-0.97	$-0.42	$-1.37 - $0.06	-130.95%	Miss	4	No revisions (30d)	-434.5%
Sep 30, 2020Sep 20 Reported Nov 2, 2020Reported Nov 2	$-0.09	N/A	-	-112.50%	Miss	2	3 0 30d	-105.3%
Jun 30, 2020Jun 20 Reported Aug 3, 2020Reported Aug 3	$-0.04	N/A	-	-130.77%	Miss	2	No revisions (30d)	-118.2%
Mar 31, 2020Mar 20 Reported May 4, 2020Reported May 4	$0.03	N/A	-	-80.00%	Miss	1	No revisions (30d)	-76.9%
Dec 31, 2019Dec 19 Reported Feb 18, 2020Reported Feb 18	$0.29	N/A	-	-70.71%	Miss	5	1 0 30d	+7.4%
Sep 30, 2019Sep 19 Reported Oct 28, 2019Reported Oct 28	$1.69	$0.92	$0.19 - $1.51	+83.70%	Beat	4	No revisions (30d)	+382.9%
Jun 30, 2019Jun 19 Reported Jul 29, 2019Reported Jul 29	$0.22	$0.36	$0.36 - $0.36	-38.89%	Miss	1	No revisions (30d)	-38.9%
Mar 31, 2019Mar 19 Reported Apr 29, 2019Reported Apr 29	$0.13	N/A	-	-53.57%	Miss	2	No revisions (30d)	-56.7%
Dec 31, 2018Dec 18 Reported Feb 11, 2019Reported Feb 11	$0.27	$0.30	$0.30 - $0.30	-10.00%	Miss	1	No revisions (30d)	+92.9%
Sep 30, 2018Sep 18 Reported Oct 29, 2018Reported Oct 29	$0.35	$0.37	$0.36 - $0.38	-5.41%	Miss	2	1 0 30d	+288.9%
Jun 30, 2018Jun 18 Reported Jul 30, 2018Reported Jul 30	$0.36	$0.45	$0.32 - $0.45	-20.00%	Miss	2	2 0 30d	-41.0%
Mar 31, 2018Mar 18 Reported Apr 30, 2018Reported Apr 30	$0.30	$0.15	$-0.11 - $0.15	+100.00%	Beat	3	No revisions (30d)	+25.0%
Dec 31, 2017Dec 17 Reported Feb 12, 2018Reported Feb 12	$0.14	N/A	-	-54.84%	Miss	3	No revisions (30d)	-51.7%
Sep 30, 2017Sep 17 Reported Oct 30, 2017Reported Oct 30	$0.09	$0.13	$0.04 - $0.13	-30.77%	Miss	2	1 0 30d	-
Jun 30, 2017Jun 17 Reported Jul 31, 2017Reported Jul 31	$0.61	$0.47	$0.39 - $0.60	+29.79%	Beat	2	No revisions (30d)	-
Mar 31, 2017Mar 17 Reported May 1, 2017Reported May 1	$0.24	$0.38	-	-36.84%	Miss	-	-	-
Dec 31, 2016Dec 16 Reported Feb 13, 2017Reported Feb 13	$0.29	$0.46	-	-36.96%	Miss	-	-	-

Dividends

Dividend Metrics

Forward Yield2.23%

Forward Annual Dividend$0.74

Payout Ratio35.45%

FrequencyAnnual

Pay MonthsDec

Growth

3Y CAGR-29.59%

5Y CAGR-15.52%

VNO dividend history and ex-dividend dates Run VNO in the free DRIP calculator

Key Metrics

Valuation
P/E Ratio	52.74	EV/EBITDA	23.06x
Price/FCF	N/A	FCF Yield	N/A
Profitability
Profit Margin	3.62%	Operating Margin	9.80%
ROE	0.60%	ROIC	0.08%
Financial Health
Debt/Equity	1.29x	Interest Coverage	0.32x
Current Ratio	N/A	Quick Ratio	N/A
Trading Statistics
Beta	1.59	Avg Volume	1.46M
52-Week High	$41.60	52-Week Low	$24.57

Technical Indicators Dashboard

Moving Averages

SMA 10$33.49

SMA 20$33.97

SMA 50$36.03

SMA 200$33.35

EMA 10$33.50

EMA 20$34.02

EMA 50$35.31

EMA 200$34.98

MACD

Line: -0.76Signal: -0.81Hist: 0.05

ADX

ADX: 28.9+DI: 11.3-DI: 24.9

Aroon & PSAR

Aroon Up32.0

Aroon Down96.0

PSAR$34.45

Bollinger Bands

Upper Band$35.45

Lower Band$32.48

%B Position873%(Upper)

Band Width0.25

RSI (14-Day)

Neutral

39.8

Momentum Oscillators

Stoch %K29.9

Stoch %D30.2

Williams %R-61.0

ROC (10d)-1.0%

Momentum-0.34

CCI (20d)-107.0

MFI (14d)41.5

Volatility Measures

ATR (14d)$1.02(3.1%)

StdDev (20d)0.74

Hist Vol26.1%(Moderate)

Volume Flow

VWAP$33.10

OBV15.3M

AD Line-258.3M

CMF (20d)-0.091

Volume Metrics

Avg Vol (20d)1.4M

Vol Ratio1.3x

VWMA (20d)$33.99

Pivot Points

R3$35.02

R2$34.36

R1$33.35

Pivot Point$32.70

S1$31.68

S2$31.03

S3$30.02

Advanced Oscillators

TSI-26.39

Ultimate Osc50.1

KST-73.56

Financial Data

Quarter	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Total Revenue	$471.23M	$379.23M	$-68,497,000	$391.65M	$452.49M	$374.02M	$368.65M	$354.74M	$362.38M	$357.62M	$360.02M	$377.59M
Cost of Revenue	N/A	$483.69M	$919.96M	$241.77M	$219.35M	$224.74M	$126.27M	$236.15M	$339.15M	$226.22M	$219.93M	$233.74M
Gross Profit	N/A	$-24,582,000	$453.71M	$453.70M	$441.44M	$461.58M	$457.79M	$443.25M	$450.27M	$436.38M	$221.96M	$217.26M

Operating Expenses	$370.78M	$394.58M	$381.78M	$374.44M	$358.23M	$282.51M	$355.73M	$369.44M	$329.68M	$356.50M	$409.68M	$361.65M
R&D	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
SG&A	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Operating Income	N/A	$50.36M	$66.21M	$57.32M	$66.54M	$82.09M	$72.05M	$55.59M	$72.64M	$63.59M	$57.45M	$71.07M

Interest Income	$8.99M	$9.33M	$13.38M	$22.41M	$11.06M	$8.26M	$11.35M	$12.39M	$10.51M	$11.72M	$5.83M	$14.72M
Interest Expense	$0	$89.21M	$85.66M	$84.46M	$0	$95.82M	$100.48M	$100.91M	$98.40M	$90.48M	$87.69M	$88.13M
Income Before Tax	$42.77M	$-16,118,000	$12.70M	$13.65M	$817.35M	$107.02M	$11.58M	$-14,585,000	$45.38M	$467,000	$-92,239,000	$71.25M
Income Tax Expense	$3.57M	$5.91M	$7.78M	$-5,589,000	$4.12M	$7.19M	$5.82M	$4.88M	$5.28M	$6.74M	$8.37M	$11.68M

Net Income	$39.20M	$-22,026,000	$4.91M	$19.24M	$813.23M	$99.82M	$5.76M	$-19,468,000	$40.10M	$-6,273,000	$-100,613,000	$59.57M

EBITDA	$276.74M	$108.69M	$32.77M	$145.17M	$220.89M	$220.41M	$139.98M	$115.77M	$158.47M	$125.95M	$71.46M	$132.98M
EBIT	$100.45M	$-15,356,000	$-88,281,000	$17.21M	$94.26M	$91.51M	$12.92M	$-14,698,000	$32.70M	$1.12M	$-49,656,000	$15.93M

* Some calculated fields are derived from available data when not provided by source

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News

Discipline and Rules-Based Execution in VNO Response

This article provides an AI-driven analysis for Vornado Realty Trust (NYSE: VNO), highlighting a weak near-term sentiment and a potential bearish positioning. It outlines specific trading strategies—Position...

Stock Traders Daily•Oct 4, 2026 10:56 AM ET10/4/26•Bearish

Vornado Realty Trust (VNO) Insider Sale: EVP - Head of Retail Haim Chera Sells 90,000 Shares

Haim Chera, EVP - Head of Retail at Vornado Realty Trust (VNO), sold 90,000 shares of the company on September 29, 2026...

GuruFocus•Oct 2, 2026 2:28 AM ET10/2/26•Somewhat-Bearish

Insider Selling: Vornado Realty Trust (NYSE:VNO) EVP Sells $3,060,900.00 in Stock

Vornado Realty Trust's EVP Haim Chera sold 90,000 shares of company stock for $3.06 million, reducing his position by 45%. The sale took place on September 29th at an average price of $34.01 per share. This transaction...

MarketBeat•Oct 1, 2026 5:18 PM ET10/1/26•Somewhat-Bearish

Vornado Realty Trust faces pressure from rising rates; common and preferred shares rated 'Hold'.

Vornado Realty Trust's common and preferred shares are rated 'Hold' due to pressure from rising interest rates...

Pluang•Oct 1, 2026 6:26 AM ET10/1/26•Neutral

Vornado Realty Trust: High Yield On Preferred Shares, But With Elevated Credit And Market Risk

Vornado Realty Trust (VNO) faces pressure from rising interest rates, impacting both its common and preferred shares...

Seeking Alpha•Oct 1, 2026 5:26 AM ET10/1/26•Somewhat-Bearish

VNO Valuation and Fair Value

P/E: 52.7x
Forward P/E: 57.1x
EV/EBITDA: 23.1x
PEG: 2.2x
P/B: 1.4x

See GNG's fair value

VNO Profitability: Margins, ROIC and FCF

Operating margin: 9.8%
Net margin: 3.6%
ROIC: 0.1%
ROE: 0.6%
FCF margin: -4.7%

VNO Competitors

Company	Ticker
AGNC Investment Corp.	AGNCP
National Storage Affiliates Trust	NSA
Macerich Company	MAC
Healthcare Realty Trust Incorporated	HR
Compass Inc	COMP
FirstService Corp	FSV
STAG Industrial Inc	STAG
Rayonier Inc	RYN

Sector: Real Estate

VNO Analyst Ratings

Consensus: Hold
Analysts: 13
Strong Buy: 0
Buy: 4
Hold: 6
Sell: 2
Strong Sell: 1

VNO Bull Case vs Bear Case

Bull case

VNO beat EPS estimates in 75.0% of its last 8 reported quarters.

Bear case

VNO trades at 52.7x trailing earnings.

VNO Earnings: Beat Rate and Next Report

Beat rate: 6 of 8 quarters (75.0%)
Average surprise: 953.0%
EPS estimate (fiscal period ending Sep 30, 2026): $-0.22
Estimate revisions (30 days, fiscal period ending Sep 30, 2026): 0 up, 1 down

VNO Dividend

Forward yield: 2.2%
Payout ratio: 35.5%
3Y DPS growth: -29.6%
5Y DPS growth: -15.5%
Pay months: Dec

VNO dividend history

Frequently Asked Questions About VNO

What is VNO's current dividend yield?

Vornado Realty Trust (VNO) has a forward dividend yield of 2.23%.

Does VNO pay dividends?

Yes, Vornado Realty Trust pays dividends with a forward dividend yield of 2.23%.

What is VNO's P/E ratio?

Vornado Realty Trust has a price-to-earnings (P/E) ratio of 52.74.

What is VNO's market cap?

Vornado Realty Trust (VNO) has a market capitalization of $6.40B with a current stock price of $33.23.

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