V

    Vornado Realty Trust (VNO)

    Official site

    REAL ESTATE • REIT - OFFICE • NYSE

    $37.39
    -0.81 (-2.12%)

    Market Cap: $7.82B

    Last updated: Sep 01, 2026 at 10:00 AM ET

    Earnings

    Performance (10Y)

    Beat Rate
    38%(15/40)
    Avg Surprise
    +196.01%
    Streak
    2 Q

    Upcoming Estimates

    Sep 30, 2026
    EPS Consensus$-0.22
    Range$-0.22 - $-0.22
    1 analysts
    EPS RevisionsNo revisions (7d)
    0
    1
    30d
    EPS Estimate Drift
    90d ago$0.02+109.1%
    60d ago$0.02+109.1%
    30d ago$0.02+109.1%
    7d ago$0.02+109.1%
    Current$-0.22
    Revenue Consensus
    $471M
    Range$450M - $485M
    3 analysts
    Dec 31, 2026
    EPS Consensus$0.17
    Range$0.17 - $0.17
    1 analysts
    Revenue Consensus
    $517M
    Range$485M - $540M
    3 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$0.17---
    Sep 26EST
    		-$-0.22---
    Jun 26
    		$0.67$0.57+17.54%Beat-81.9%
    Mar 26
    		$-0.08$-0.11+27.27%Beat-118.6%
    Dec 25
    		$-0.02N/A-140.00%Miss-300.0%
    Sep 25
    		$0.06$-0.01+700.00%Beat+160.0%
    Jun 25
    		$3.70$-0.07+5385.71%Beat+1955.6%
    Mar 25
    		$0.43$-0.03+1533.33%Beat+960.0%
    Dec 24
    		$0.01N/A+111.11%Beat+103.1%
    Sep 24
    		$-0.10$-0.09-11.11%Miss-135.7%
    Jun 24
    		$0.18$-0.10+280.00%Beat-25.0%
    Mar 24
    		$-0.05$-0.08+37.50%Beat-266.7%
    Dec 23
    		$-0.32$-0.10-220.00%Miss-366.7%
    Sep 23
    		$0.28$-0.09+411.11%Beat+47.4%
    Jun 23
    		$0.24$-0.12+300.00%Beat+26.3%
    Mar 23
    		$0.03N/A+125.00%Beat-81.3%
    Dec 22
    		$0.12$0.17-29.41%Miss+100.0%
    Sep 22
    		$0.19$0.20-5.00%Miss+35.7%
    Jun 22
    		$0.19$0.23-17.39%Miss-24.0%
    Mar 22
    		$0.16$0.29-44.83%Miss+166.7%
    Dec 21
    		$0.06N/A-68.42%Miss+106.2%
    Sep 21
    		$0.14$0.18-22.22%Miss+255.6%
    Jun 21
    		$0.25$0.13+92.31%Beat+725.0%
    Mar 21
    		$0.06$0.07-14.29%Miss+100.0%
    Dec 20
    		$-0.97$-0.42-130.95%Miss-434.5%
    Sep 20
    		$-0.09N/A-112.50%Miss-105.3%
    Jun 20
    		$-0.04N/A-130.77%Miss-118.2%
    Mar 20
    		$0.03N/A-80.00%Miss-76.9%
    Dec 19
    		$0.29N/A-70.71%Miss+7.4%
    Sep 19
    		$1.69$0.92+83.70%Beat+382.9%
    Jun 19
    		$0.22$0.36-38.89%Miss-38.9%
    Mar 19
    		$0.13N/A-53.57%Miss-56.7%
    Dec 18
    		$0.27$0.30-10.00%Miss+92.9%
    Sep 18
    		$0.35$0.37-5.41%Miss+288.9%
    Jun 18
    		$0.36$0.45-20.00%Miss-41.0%
    Mar 18
    		$0.30$0.15+100.00%Beat+25.0%
    Dec 17
    		$0.14N/A-54.84%Miss-51.7%
    Sep 17
    		$0.09$0.13-30.77%Miss-76.9%
    Jun 17
    		$0.61$0.47+29.79%Beat-
    Mar 17
    		$0.24$0.38-36.84%Miss-
    Dec 16
    		$0.29$0.46-36.96%Miss-
    Sep 16
    		$0.39$0.43-9.30%Miss-

    Dividends

    Dividend Metrics

    Yield1.98%
    Annual/Share$0.74
    Payout Ratio35.45%
    Frequency1
    Pay MonthsDec

    Growth

    3Y CAGR-29.59%
    5Y CAGR-15.52%
    View VNO's full dividend history

    Key Metrics

    Valuation
    P/E Ratio59.35EV/EBITDA17.28x
    Price/FCFN/AFCF YieldN/A
    Profitability
    Profit Margin3.62%Operating Margin9.80%
    ROE0.60%ROIC0.08%
    Financial Health
    Debt/Equity1.29xInterest Coverage0.32x
    Current RatioN/AQuick RatioN/A
    Trading Statistics
    Beta1.55Avg Volume1.31M
    52-Week High$42.4352-Week Low$24.57

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$38.47
    SMA 20$38.87
    SMA 50$39.14
    SMA 200$33.27
    EMA 10$38.49
    EMA 20$38.74
    EMA 50$38.22
    EMA 200$35.37

    MACD

    Line: -0.22Signal: -0.09Hist: -0.13

    ADX

    ADX: 9.9+DI: 18.2-DI: 24.4

    Aroon & PSAR

    Aroon Up24.0
    Aroon Down100.0
    PSAR$39.98

    Bollinger Bands

    Upper Band$40.57
    Lower Band$37.18
    %B Position874%(Upper)
    Band Width0.06

    RSI (14-Day)

    Neutral
    41.8

    Momentum Oscillators

    Stoch %K24.8
    Stoch %D42.2
    Williams %R-93.1
    ROC (10d)-1.3%
    Momentum-0.51
    CCI (20d)-164.6
    MFI (14d)35.9

    Volatility Measures

    ATR (14d)$1.14(3.0%)
    StdDev (20d)0.85
    Hist Vol30.1%(Moderate)

    Volume Flow

    VWAP$37.51
    OBV7.2M
    AD Line-246.8M
    CMF (20d)-0.149

    Volume Metrics

    Avg Vol (20d)1.3M
    Vol Ratio0.9x
    VWMA (20d)$39.18

    Pivot Points

    R3$39.65
    R2$39.34
    R1$38.77
    Pivot Point$38.46
    S1$37.89
    S2$37.58
    S3$37.01

    Advanced Oscillators

    TSI-4.90
    Ultimate Osc40.8
    KST-26.42

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 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 RevenueN/A$483.69M$919.96M$241.77M$219.35M$224.74M$126.27M$236.15M$339.15M$226.22M$219.93M$233.74M
    Gross ProfitN/A$-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 IncomeN/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

    Related GNG Research

    No research available

    Be the first to write about VNO

    News

    Odyssean LLC Makes New Investment in Vornado Realty Trust $VNO

    Odyssean LLC has acquired 77,680 shares of Vornado Realty Trust, valued at approximately $3.1 million, in the second quarter. Despite missing EPS expectations, Vornado's revenue increased by 4.7% year-over-year, and the company announced a $300 million share-buyback plan. Analyst sentiment for Vornado Realty Trust remains mixed, with an overall "Hold" rating and a consensus price target of $39.82.

    MarketBeat•8/26/26•
    Neutral

    Vornado Realty Trust (NYSE:VNO) Receives Consensus Recommendation of "Hold" from Analysts

    Analysts have given Vornado Realty Trust (NYSE:VNO) a consensus "Hold" rating, with an average 12-month price target of $39.82. The company's recent quarterly earnings missed estimates, but revenue saw a 4.7% year-over-year increase. Insider activity showed mixed signals, with one director selling a significant number of shares and another purchasing a smaller amount, while institutional investors hold a substantial stake in the company.

    MarketBeat•8/26/26•
    Neutral

    Sports Tech Firm Genius Sports Moves U.S. HQ to Vornado’s 1290 Avenue of the Americas

    Sports analytics and technology company Genius Sports is relocating its U.S. headquarters to a larger, 53,000-square-foot space at Vornado Realty Trust's 1290 Avenue of the Americas in New York City. This move marks a significant expansion from their previous 28,000-square-foot office and brings the 43-story building to 95 percent occupancy after recent renovations. The London-based company signed a 10-year lease for the new space.

    Commercial Observer•8/25/26•
    Somewhat-Bullish

    Genius Sports Inks 53K SF Lease At Vornado’s 1290 Sixth Avenue

    Genius Sports has signed a 10-year lease for 53,000 square feet at Vornado Realty Trust’s 1290 Sixth Avenue, relocating and expanding its New York headquarters. This deal brings the Midtown tower's occupancy to 95% following a major renovation. The Manhattan office market is experiencing strong leasing activity, with 2026 on track for its highest annual total since 2000.

    The Real Deal•8/25/26•
    Somewhat-Bullish

    Vornado Realty Trust (VNO) Lands 350 Park Avenue Venture As Valuation Debate Stays Open

    Vornado Realty Trust (VNO) has entered a joint venture to develop a 1.9 million square foot office tower at 350 Park Avenue. The company's stock has seen positive returns over 90 days and three years, despite a recent dip. While analysts suggest the stock is slightly overvalued at $37.88 with a fair value of $36.08, Simply Wall St's DCF model indicates it might be undervalued with a fair value of US$53.08.

    Sahm•8/25/26•
    Neutral

    Frequently Asked Questions About VNO

    What is VNO's current dividend yield?
    Vornado Realty Trust (VNO) has a current dividend yield of 1.98%.
    Does VNO pay dividends?
    Yes, Vornado Realty Trust pays dividends with a current yield of 1.98%.
    What is VNO's P/E ratio?
    Vornado Realty Trust has a price-to-earnings (P/E) ratio of 59.35.
    What is VNO's market cap?
    Vornado Realty Trust (VNO) has a market capitalization of $7.82B with a current stock price of $37.39.

    Get full access to GNG Research

    Create a free account to access portfolio tracking, advanced tools, and more.

    Create Free AccountLog In