Vornado Realty Trust Key Executives
This section highlights Vornado Realty Trust's key executives, including their titles and compensation details.
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Vornado Realty Trust Earnings
This section highlights Vornado Realty Trust's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-02-11 | N/A | N/A |
| Read Transcript | Q3 | 2024 | 2024-11-05 | N/A | N/A |
| Read Transcript | Q2 | 2024 | 2024-08-06 | N/A | N/A |
| Read Transcript | Q1 | 2024 | 2024-05-07 | N/A | N/A |
| Read Transcript | Q4 | 2023 | 2024-02-13 | N/A | N/A |
| Read Transcript | Q3 | 2023 | 2023-10-31 | N/A | N/A |
| Read Transcript | Q2 | 2023 | 2023-08-01 | N/A | N/A |
| Read Transcript | Q1 | 2023 | 2023-05-02 | N/A | N/A |
Vornado's portfolio is concentrated in the nation's key market New York City along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2019. In 2012, Vornado commemorated 50 years on the NYSE.
$37.40
Stock Price
$7.14B
Market Cap
3.00K
Employees
New York, NY
Location
Financial Statements
Access annual & quarterly financial statements for Vornado Realty Trust, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $1.79B | $1.81B | $1.80B | $1.59B | $1.53B |
| Cost of Revenue | $927.80M | $905.16M | $873.91M | $797.32M | $789.07M |
| Gross Profit | $859.89M | $906.00M | $926.08M | $791.89M | $738.88M |
| Gross Profit Ratio | 48.10% | 50.00% | 51.45% | 49.80% | 48.36% |
| Research and Development Expenses | $- | $- | $-0 | $0 | $-0 |
| General and Administrative Expenses | $148.52M | $162.88M | $133.73M | $134.54M | $181.51M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $148.52M | $162.88M | $133.73M | $134.54M | $181.51M |
| Other Expenses | $- | $- | $504.50M | $412.35M | $399.69M |
| Operating Expenses | $148.52M | $162.88M | $638.23M | $546.89M | $581.20M |
| Cost and Expenses | $1.08B | $1.07B | $1.51B | $1.34B | $1.37B |
| Interest Income | $45.97M | $26.66M | $19.87M | $4.61M | $12.81M |
| Interest Expense | $368.35M | $325.92M | $257.96M | $231.10M | $234.75M |
| Depreciation and Amortization | $-447.50M | $457.57M | $1.46B | $1.35B | $1.61B |
| EBITDA | $-794.92M | $845.61M | $423.31M | $792.48M | $228.26M |
| EBITDA Ratio | -44.47% | 46.69% | 19.49% | 49.87% | 14.94% |
| Operating Income | $711.37M | $815.87M | $-175.44M | $380.13M | $-171.43M |
| Operating Income Ratio | 39.79% | 45.05% | -9.75% | 23.92% | -11.22% |
| Total Other Income Expenses Net | $-668.52M | $-753.76M | $-648.80M | $-10.50M | $-569.53M |
| Income Before Tax | $42.84M | $62.11M | $-360.95M | $197.06M | $-425.21M |
| Income Before Tax Ratio | 2.40% | 3.43% | -20.05% | 12.40% | -27.83% |
| Income Tax Expense | $22.73M | $29.22M | $21.66M | $-10.50M | $36.63M |
| Net Income | $65.57M | $105.49M | $-382.61M | $176.00M | $-461.85M |
| Net Income Ratio | 3.67% | 5.82% | -21.26% | 11.07% | -30.23% |
| EPS | $0.34 | $0.23 | $-2.00 | $0.92 | $-2.42 |
| EPS Diluted | $0.33 | $0.23 | $-2.00 | $0.92 | $-2.42 |
| Weighted Average Shares Outstanding | 190.54M | 191.00M | 191.78M | 191.55M | 191.15M |
| Weighted Average Shares Outstanding Diluted | 196.63M | 191.86M | 191.78M | 192.12M | 191.15M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $457.79M | $443.25M | $450.27M | $436.38M | $441.89M | $451.00M | $472.36M | $445.92M | $446.94M | $457.43M | $453.49M | $442.13M | $421.08M | $409.21M | $378.94M | $379.98M | $376.43M | $363.96M | $343.03M | $444.53M |
| Cost of Revenue | $126.27M | $236.15M | $339.15M | $226.22M | $219.93M | $233.74M | $222.72M | $228.79M | $213.48M | $221.60M | $222.31M | $216.53M | $202.72M | $212.70M | $190.92M | $190.98M | $188.99M | $195.65M | $174.43M | $230.01M |
| Gross Profit | $331.52M | $207.11M | $111.11M | $210.15M | $221.96M | $217.26M | $249.64M | $217.13M | $233.46M | $235.84M | $231.19M | $225.60M | $218.36M | $196.51M | $188.02M | $189.00M | $187.44M | $168.32M | $168.60M | $214.53M |
| Gross Profit Ratio | 72.42% | 46.70% | 24.70% | 48.20% | 50.20% | 48.20% | 52.80% | 48.70% | 52.20% | 51.60% | 51.00% | 51.00% | 51.90% | 48.00% | 49.60% | 49.70% | 49.79% | 46.25% | 49.15% | 48.26% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $36.64M | $35.51M | $38.48M | $37.90M | $46.04M | $35.84M | $39.41M | $41.59M | $31.44M | $29.17M | $31.90M | $41.22M | $34.20M | $25.55M | $30.60M | $44.19M | $61.25M | $32.41M | $35.01M | $52.83M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $36.64M | $35.51M | $38.48M | $37.90M | $46.04M | $35.84M | $39.41M | $41.59M | $31.44M | $29.17M | $31.90M | $41.22M | $34.20M | $25.55M | $30.60M | $44.19M | $61.25M | $32.41M | $35.01M | $52.83M |
| Other Expenses | $421.15M | $- | $339.15M | $-43.07M | $-99.85M | $-38.28M | $-41.62M | $201.59M | $133.87M | $134.53M | $118.66M | $117.44M | $126.35M | $-9.68M | $89.78M | $-843.00K | $107.08M | $902.00K | $69.22M | $-71.00K |
| Operating Expenses | $457.79M | $35.51M | $377.63M | $372.78M | $164.51M | $146.19M | $146.57M | $41.59M | $165.31M | $163.70M | $150.56M | $158.66M | $160.55M | $126.42M | $120.38M | $139.54M | $168.34M | $139.42M | $133.93M | $152.89M |
| Cost and Expenses | $162.91M | $271.66M | $382.39M | $372.78M | $384.43M | $379.92M | $369.30M | $270.39M | $378.79M | $385.30M | $372.87M | $375.19M | $363.27M | $339.12M | $311.30M | $330.52M | $357.33M | $335.06M | $308.35M | $382.89M |
| Interest Income | $11.24M | $12.45M | $10.60M | $11.69M | $14.17M | $12.93M | $13.26M | $9.60M | $10.59M | $5.23M | $3.04M | $1.02M | $918.00K | $633.00K | $1.54M | $1.52M | $1.57M | $1.73M | $3.21M | $6.29M |
| Interest Expense | $95.24M | $95.59M | $92.39M | $85.13M | $82.36M | $82.13M | $81.21M | $80.22M | $82.50M | $71.14M | $57.04M | $47.28M | $78.19M | $50.31M | $47.48M | $45.38M | $53.06M | $52.47M | $54.10M | $54.58M |
| Depreciation and Amortization | $121.14M | $116.01M | $109.77M | $108.66M | $110.20M | $110.35M | $107.16M | $106.56M | $133.87M | $134.53M | $118.66M | $117.44M | $126.35M | $100.87M | $89.78M | $95.35M | $107.08M | $111.98M | $97.01M | $96.91M |
| EBITDA | $227.97M | $166.54M | $177.65M | $167.08M | $122.11M | $178.98M | $258.03M | $418.74M | $252.31M | $206.26M | $225.63M | $219.12M | $228.83M | $197.23M | $153.75M | $175.41M | $118.50M | $56.80M | $-64.41M | $59.80M |
| EBITDA Ratio | 49.80% | 37.57% | 39.45% | 45.88% | 34.49% | 46.84% | 54.62% | -39.68% | -74.40% | 52.17% | 49.75% | 49.56% | 54.34% | 48.20% | 50.24% | 46.16% | 40.05% | 15.60% | -47.02% | 40.42% |
| Operating Income | $299.64M | $171.59M | $67.88M | $172.25M | $484.24M | $183.20M | $147.64M | $-70.37M | $-472.12M | $96.06M | $103.78M | $96.85M | $95.98M | $92.34M | $96.19M | $75.37M | $110.51M | $-55.19M | $-258.29M | $82.77M |
| Operating Income Ratio | 65.45% | 38.71% | 15.08% | 39.47% | 109.59% | 40.62% | 31.26% | -15.78% | -105.63% | 21.00% | 22.88% | 21.90% | 22.79% | 22.56% | 25.38% | 19.84% | 29.36% | -15.16% | -75.30% | 18.62% |
| Total Other Income Expenses Net | $-288.06M | $-186.18M | $-22.50M | $-171.79M | $-285.10M | $-128.44M | $-33.62M | $-53.12M | $-586.18M | $-182.73M | $-5.99M | $-7.10M | $-15.79M | $-22.91M | $-109.17M | $-16.74M | $-229.63M | $23.78M | $1.84M | $-174.46M |
| Income Before Tax | $11.58M | $-14.59M | $45.38M | $467.00K | $-92.24M | $71.25M | $67.23M | $15.87M | $-518.03M | $23.82M | $72.47M | $60.79M | $42.02M | $46.39M | $79.67M | $28.98M | $-210.53M | $92.52M | $-215.51M | $-91.69M |
| Income Before Tax Ratio | 2.53% | -3.29% | 10.08% | 0.11% | -20.87% | 15.80% | 14.23% | 3.56% | -115.91% | 5.21% | 15.98% | 13.75% | 9.98% | 11.34% | 21.03% | 7.63% | -55.93% | 25.42% | -62.83% | -20.63% |
| Income Tax Expense | $5.82M | $4.88M | $5.28M | $6.74M | $8.37M | $11.68M | $4.50M | $10.70M | $6.97M | $3.71M | $3.56M | $7.41M | $10.05M | $-25.38M | $2.84M | $1.98M | $-1.80M | $23.78M | $1.84M | $12.81M |
| Net Income | $51.22M | $-3.63M | $50.79M | $6.50M | $-45.48M | $52.84M | $61.91M | $5.17M | $-525.00M | $23.30M | $65.95M | $42.01M | $27.41M | $63.52M | $64.51M | $20.55M | $-194.98M | $65.70M | $-185.22M | $17.49M |
| Net Income Ratio | 11.19% | -0.82% | 11.28% | 1.49% | -10.29% | 11.72% | 13.11% | 1.16% | -117.47% | 5.09% | 14.54% | 9.50% | 6.51% | 15.52% | 17.02% | 5.41% | -51.80% | 18.05% | -54.00% | 3.94% |
| EPS | $-0.04 | $-0.10 | $0.19 | $0.03 | $-0.24 | $0.28 | $0.32 | $0.03 | $-2.74 | $0.12 | $0.34 | $0.22 | $0.06 | $0.20 | $0.25 | $0.02 | $-1.02 | $0.28 | $-0.97 | $0.03 |
| EPS Diluted | $-0.04 | $-0.10 | $0.18 | $0.03 | $-0.24 | $0.27 | $0.32 | $0.03 | $-2.74 | $0.12 | $0.34 | $0.22 | $0.06 | $0.20 | $0.25 | $0.02 | $-1.02 | $0.28 | $-0.97 | $0.03 |
| Weighted Average Shares Outstanding | 190.54M | 190.56M | 190.49M | 190.43M | 190.36M | 190.36M | 191.47M | 191.87M | 191.83M | 191.79M | 191.75M | 191.72M | 191.68M | 191.58M | 191.53M | 191.42M | 190.23M | 191.16M | 191.10M | 191.04M |
| Weighted Average Shares Outstanding Diluted | 190.54M | 190.56M | 194.41M | 190.43M | 190.36M | 192.92M | 194.80M | 191.88M | 191.83M | 192.02M | 192.04M | 192.04M | 192.04M | 192.04M | 192.38M | 192.03M | 191.28M | 191.16M | 191.10M | 191.11M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $733.95M | $997.00M | $889.69M | $1.76B | $1.62B |
| Short Term Investments | $- | $- | $471.96M | $18.93M | $17.00K |
| Cash and Short Term Investments | $733.95M | $997.00M | $1.36B | $1.76B | $1.62B |
| Net Receivables | $765.87M | $771.21M | $776.14M | $735.98M | $751.73M |
| Inventory | $- | $- | $-183.80M | $-18.93M | $-17.00K |
| Other Current Assets | $215.67M | $300.52M | $175.07M | $227.27M | $234.10M |
| Total Current Assets | $1.72B | $2.07B | $2.31B | $2.72B | $2.61B |
| Property Plant Equipment Net | $678.80M | $680.04M | $684.38M | $337.20M | $367.37M |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $118.22M | $127.08M | $139.64M | $154.90M | $23.86M |
| Goodwill and Intangible Assets | $118.22M | $127.08M | $139.64M | $154.90M | $23.86M |
| Long Term Investments | $2.69B | $2.61B | $2.67B | $3.31B | $3.49B |
| Tax Assets | $- | $- | $7.94M | $10.23B | $9.29B |
| Other Non-Current Assets | $10.79B | $10.56B | $10.68B | $512.71M | $434.02M |
| Total Non-Current Assets | $14.28B | $13.98B | $14.18B | $14.54B | $13.61B |
| Other Assets | $- | $138.77M | $- | $- | $- |
| Total Assets | $16.00B | $16.19B | $16.49B | $17.27B | $16.22B |
| Account Payables | $- | $411.04M | $450.88M | $613.50M | $427.20M |
| Short Term Debt | $- | $575.00M | $378.95M | $575.00M | $2.61B |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $28.42M | $32.20M | $39.88M | $48.12M | $40.11M |
| Other Current Liabilities | $- | $- | $-829.83M | $-48.12M | $-3.00B |
| Total Current Liabilities | $28.42M | $1.02B | $1.07B | $1.19B | $1.00B |
| Long Term Debt | $- | $8.45B | $8.75B | $8.45B | $5.19B |
| Deferred Revenue Non-Current | $- | $- | $39.88M | $48.12M | $40.11M |
| Deferred Tax Liabilities Non-Current | $- | $- | $771.77M | $110.17M | $105.56M |
| Other Non-Current Liabilities | $9.80B | $372.21M | $1.15B | $1.51B | $3.40B |
| Total Non-Current Liabilities | $9.80B | $8.83B | $8.91B | $8.87B | $7.67B |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $9.83B | $9.84B | $9.98B | $10.06B | $8.67B |
| Preferred Stock | $- | $1.18B | $1.18B | $1.18B | $1.18B |
| Common Stock | $7.63M | $7.59M | $5.84B | $6.24B | $6.53B |
| Retained Earnings | $- | $-4.01B | $-3.89B | $-3.08B | $-2.77B |
| Accumulated Other Comprehensive Income Loss | $57.70M | $65.11M | $174.97M | $-17.53M | $-75.10M |
| Other Total Stockholders Equity | $5.09B | $8.26B | $8.37B | $8.14B | $8.19B |
| Total Stockholders Equity | $5.16B | $5.51B | $5.84B | $6.24B | $6.53B |
| Total Equity | $5.28B | $6.34B | $6.51B | $7.20B | $7.55B |
| Total Liabilities and Stockholders Equity | $16.00B | $16.19B | $16.49B | $17.27B | $16.22B |
| Minority Interest | $122.72M | $834.67M | $673.38M | $967.58M | $1.02B |
| Total Liabilities and Total Equity | $16.00B | $16.19B | $16.49B | $17.27B | $16.22B |
| Total Investments | $2.69B | $2.61B | $3.14B | $3.31B | $3.49B |
| Total Debt | $8.99B | $8.98B | $9.13B | $8.99B | $7.80B |
| Net Debt | $-733.95M | $7.99B | $8.24B | $7.23B | $6.18B |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $733.95M | $783.60M | $1.12B | $892.65M | $997.00M | $1.00B | $1.13B | $890.96M | $889.69M | $845.42M | $988.40M | $973.86M | $1.76B | $2.13B | $2.17B | $1.64B | $1.62B | $1.41B | $1.77B | $1.59B |
| Short Term Investments | $- | $- | $165.16M | $171.32M | $138.77M | $260.75M | $305.48M | $276.64M | $471.96M | $445.17M | $494.05M | $59.74M | $18.93M | $5.09M | $4.99M | $1.90M | $17.00K | $17.00K | $67.00K | $94.00K |
| Cash and Short Term Investments | $733.95M | $783.60M | $1.12B | $892.65M | $997.00M | $1.00B | $1.13B | $890.96M | $1.36B | $845.42M | $988.40M | $973.86M | $1.76B | $2.13B | $2.17B | $1.64B | $1.62B | $1.41B | $1.77B | $1.59B |
| Net Receivables | $765.87M | $770.97M | $777.37M | $782.91M | $771.21M | $785.92M | $780.77M | $786.30M | $776.14M | $773.74M | $764.55M | $760.75M | $735.98M | $745.74M | $723.85M | $743.39M | $751.73M | $781.43M | $811.20M | $847.60M |
| Inventory | $- | $- | $- | $2.22B | $2.33B | $-260.75M | $-305.48M | $-129.21M | $-183.80M | $-189.89M | $494.05M | $-59.74M | $-18.93M | $-5.09M | $-4.99M | $-1.90M | $-17.00K | $-17.00K | $-67.00K | $-94.00K |
| Other Current Assets | $215.67M | $245.48M | $- | $292.85M | $300.52M | $302.32M | $217.54M | $180.53M | $175.07M | $210.22M | $178.99M | $218.47M | $227.27M | $216.89M | $235.64M | $250.47M | $234.10M | $260.33M | $521.50M | $473.99M |
| Total Current Assets | $1.72B | $1.80B | $1.89B | $1.97B | $2.07B | $2.09B | $2.13B | $1.86B | $2.31B | $1.83B | $1.93B | $1.95B | $2.72B | $3.09B | $3.13B | $2.63B | $2.61B | $2.45B | $3.10B | $2.91B |
| Property Plant Equipment Net | $678.80M | $677.13M | $678.67M | $678.95M | $680.04M | $679.12M | $685.54M | $685.15M | $684.38M | $685.30M | $685.96M | $687.64M | $337.20M | $337.13M | $365.22M | $365.93M | $367.37M | $374.81M | $376.96M | $378.26M |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $118.22M | $120.25M | $122.41M | $124.89M | $127.08M | $130.09M | $134.68M | $137.16M | $139.64M | $142.12M | $144.60M | $149.61M | $154.90M | $158.44M | $21.35M | $22.39M | $23.86M | $25.75M | $27.66M | $29.12M |
| Goodwill and Intangible Assets | $118.22M | $120.25M | $122.41M | $124.89M | $127.08M | $130.09M | $134.68M | $137.16M | $139.64M | $142.12M | $144.60M | $149.61M | $154.90M | $158.44M | $21.35M | $22.39M | $23.86M | $25.75M | $27.66M | $29.12M |
| Long Term Investments | $2.69B | $- | $2.71B | $2.60B | $2.61B | $2.67B | $2.64B | $2.91B | $2.67B | $3.70B | $3.77B | $3.96B | $3.31B | $3.29B | $3.36B | $3.37B | $3.49B | $3.51B | $3.67B | $4.02B |
| Tax Assets | $- | $- | $10.71B | $10.43B | $10.40B | $10.39B | $10.34B | $- | $7.94M | $- | $- | $- | $10.23B | $10.00B | $9.37B | $9.36B | $9.29B | $10.69B | $10.56B | $10.47B |
| Other Non-Current Assets | $10.79B | $13.49B | $94.17M | $409.31M | $297.86M | $494.58M | $508.08M | $10.68B | $10.68B | $10.82B | $10.62B | $10.74B | $512.71M | $613.16M | $407.10M | $397.34M | $434.02M | $510.95M | $307.62M | $405.91M |
| Total Non-Current Assets | $14.28B | $14.28B | $14.32B | $14.24B | $14.12B | $14.36B | $14.31B | $14.41B | $14.18B | $15.35B | $15.22B | $15.54B | $14.54B | $14.40B | $13.53B | $13.52B | $13.61B | $15.11B | $14.94B | $15.30B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $16.00B | $16.08B | $16.21B | $16.21B | $16.19B | $16.45B | $16.44B | $16.27B | $16.49B | $17.18B | $17.15B | $17.49B | $17.27B | $17.49B | $16.66B | $16.15B | $16.22B | $17.56B | $18.04B | $18.21B |
| Account Payables | $- | $- | $363.46M | $388.99M | $411.04M | $452.85M | $504.30M | $441.74M | $450.88M | $475.15M | $463.33M | $-46.24M | $613.50M | $449.77M | $-33.97M | $-36.92M | $427.20M | $430.45M | $385.96M | $407.60M |
| Short Term Debt | $- | $- | $- | $575.00M | $588.64M | $575.00M | $- | $- | $378.95M | $- | $- | $- | $575.00M | $575.00M | $- | $- | $2.61B | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $28.42M | $29.24M | $30.80M | $30.88M | $32.20M | $34.08M | $35.88M | $37.88M | $39.88M | $41.88M | $43.90M | $46.24M | $48.12M | $50.06M | $33.97M | $36.92M | $40.11M | $45.47M | $49.39M | $54.99M |
| Other Current Liabilities | $- | $- | $-363.46M | $-603.44M | $-999.69M | $-1.03B | $-35.88M | $-441.74M | $-829.83M | $-475.15M | $-463.33M | $92.48M | $-48.12M | $-50.06M | $67.93M | $73.85M | $-3.00B | $-384.97M | $-336.57M | $-352.61M |
| Total Current Liabilities | $28.42M | $29.24M | $969.26M | $994.87M | $1.02B | $1.06B | $1.12B | $1.05B | $1.07B | $1.09B | $1.08B | $1.12B | $1.19B | $1.02B | $974.50M | $1.01B | $1.00B | $1.01B | $1.46B | $1.48B |
| Long Term Debt | $- | $8.99B | $9.00B | $8.42B | $8.40B | $8.43B | $9.02B | $9.02B | $8.75B | $9.12B | $9.12B | $8.76B | $8.45B | $8.43B | $7.94B | $7.79B | $5.19B | $7.88B | $8.38B | $8.46B |
| Deferred Revenue Non-Current | $- | $- | $36.00M | $34.44M | $35.91M | $37.92M | $39.67M | $41.81M | $39.88M | $48.10M | $48.24M | $46.24M | $48.12M | $50.06M | $33.97M | $36.92M | $40.11M | $45.47M | $49.39M | $54.99M |
| Deferred Tax Liabilities Non-Current | $- | $- | $736.57M | $-34.44M | $-35.91M | $-37.92M | $-39.67M | $-41.81M | $- | $-48.10M | $-48.24M | $- | $110.17M | $407.86M | $107.24M | $107.89M | $105.56M | $98.54M | $94.08M | $90.89M |
| Other Non-Current Liabilities | $9.80B | $799.29M | $763.30M | $1.02B | $1.42B | $1.44B | $437.17M | $852.84M | $1.15B | $836.61M | $831.32M | $1.45B | $1.51B | $763.87M | $1.34B | $789.96M | $3.40B | $2.01B | $1.91B | $1.72B |
| Total Non-Current Liabilities | $9.80B | $9.79B | $8.83B | $8.83B | $8.83B | $8.85B | $8.85B | $8.85B | $8.91B | $8.91B | $8.91B | $9.19B | $8.87B | $9.19B | $8.36B | $7.65B | $7.67B | $8.98B | $8.93B | $8.81B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $9.83B | $9.82B | $9.80B | $9.83B | $9.84B | $9.91B | $9.96B | $9.91B | $9.98B | $10.00B | $10.00B | $10.31B | $10.06B | $10.22B | $9.34B | $8.66B | $8.67B | $9.98B | $10.39B | $10.29B |
| Preferred Stock | $- | $1.18B | $1.18B | $1.18B | $1.18B | $1.18B | $1.18B | $1.18B | $1.18B | $1.18B | $1.18B | $1.18B | $1.18B | $1.18B | $1.18B | $1.18B | $1.18B | $891.16M | $891.16M | $891.21M |
| Common Stock | $7.63M | $7.61M | $7.60M | $7.60M | $7.59M | $7.59M | $7.60M | $7.65M | $5.84B | $7.65M | $7.65M | $7.65M | $6.24B | $6.29B | $7.64M | $7.64M | $6.53B | $7.63M | $7.62M | $7.62M |
| Retained Earnings | $- | $-4.00B | $-3.98B | $-4.02B | $-4.01B | $-3.89B | $-3.94B | $-3.96B | $-3.89B | $-3.30B | $-3.21B | $-3.15B | $-3.08B | $-2.99B | $-2.93B | $-2.87B | $-2.77B | $-2.46B | $-2.42B | $-2.09B |
| Accumulated Other Comprehensive Income Loss | $57.70M | $-478.00K | $104.78M | $105.92M | $65.11M | $170.18M | $151.77M | $95.56M | $174.97M | $185.18M | $73.30M | $51.78M | $-17.53M | $-45.18M | $-51.44M | $-60.75M | $-75.10M | $-89.83M | $-82.65M | $-82.72M |
| Other Total Stockholders Equity | $5.09B | $8.09B | $8.31B | $12.28B | $8.26B | $8.34B | $12.27B | $8.37B | $12.26B | $8.36B | $8.34B | $8.10B | $8.14B | $8.14B | $8.07B | $8.08B | $10.97B | $8.12B | $8.10B | $8.11B |
| Total Stockholders Equity | $5.16B | $5.28B | $5.63B | $5.54B | $5.51B | $5.81B | $5.73B | $5.69B | $5.84B | $6.44B | $6.40B | $6.18B | $6.24B | $6.29B | $6.28B | $6.34B | $6.53B | $6.47B | $6.50B | $6.84B |
| Total Equity | $5.28B | $5.41B | $6.41B | $6.38B | $6.34B | $6.54B | $6.47B | $6.36B | $6.51B | $7.17B | $7.16B | $7.19B | $7.20B | $7.27B | $7.32B | $7.49B | $7.55B | $7.58B | $7.65B | $7.92B |
| Total Liabilities and Stockholders Equity | $16.00B | $16.08B | $16.21B | $16.21B | $16.19B | $16.45B | $16.44B | $16.27B | $16.49B | $17.18B | $17.15B | $17.49B | $17.27B | $17.49B | $16.66B | $16.15B | $16.22B | $17.56B | $18.04B | $18.21B |
| Minority Interest | $122.72M | $134.25M | $785.16M | $838.22M | $834.67M | $732.45M | $739.97M | $671.57M | $673.38M | $736.53M | $760.00M | $1.00B | $967.58M | $976.21M | $1.04B | $1.15B | $1.02B | $1.11B | $1.15B | $1.08B |
| Total Liabilities and Total Equity | $16.00B | $16.08B | $16.21B | $16.21B | $16.19B | $16.45B | $16.44B | $16.27B | $16.49B | $17.18B | $17.15B | $17.49B | $17.27B | $17.49B | $16.66B | $16.15B | $16.22B | $17.56B | $18.04B | $18.21B |
| Total Investments | $2.69B | $- | $2.71B | $2.60B | $2.61B | $2.67B | $2.64B | $2.91B | $3.14B | $4.14B | $4.26B | $3.96B | $3.31B | $3.29B | $3.36B | $3.37B | $3.49B | $3.51B | $3.67B | $4.02B |
| Total Debt | $8.99B | $8.99B | $9.00B | $8.99B | $8.98B | $9.01B | $9.02B | $9.02B | $9.13B | $9.12B | $9.12B | $9.34B | $8.99B | $9.00B | $8.51B | $7.79B | $7.80B | $7.88B | $8.38B | $8.46B |
| Net Debt | $-733.95M | $8.20B | $7.89B | $8.10B | $7.99B | $8.01B | $7.89B | $8.13B | $8.24B | $8.28B | $8.13B | $8.36B | $7.23B | $6.88B | $6.34B | $6.16B | $6.18B | $6.47B | $6.61B | $6.87B |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $20.12M | $32.89M | $-382.61M | $207.55M | $-461.85M |
| Depreciation and Amortization | $469.42M | $457.57M | $526.31M | $432.59M | $417.94M |
| Deferred Income Tax | $13.01M | $17.02M | $14.01M | $44.19M | $596.68M |
| Stock Based Compensation | $30.17M | $43.20M | $29.25M | $38.33M | $48.68M |
| Change in Working Capital | $-56.98M | $-25.58M | $87.33M | $3.55M | $-191.48M |
| Accounts Receivables | $4.70M | $9.38M | $-4.44M | $-187.00K | $-5.33M |
| Inventory | $- | $- | $4.44M | $187.00K | $5.33M |
| Accounts Payables | $-6.80M | $10.72M | $5.72M | $35.86M | $5.94M |
| Other Working Capital | $-54.89M | $-45.68M | $81.62M | $-32.31M | $-197.42M |
| Other Non Cash Items | $61.99M | $123.05M | $524.66M | $35.60M | $14.27M |
| Net Cash Provided by Operating Activities | $537.72M | $648.15M | $798.94M | $761.81M | $424.24M |
| Investments in Property Plant and Equipment | $- | $- | $-3.00M | $-3.00M | $-395.05M |
| Acquisitions Net | $- | $132.70M | $-33.17M | $-138.93M | $-8.96M |
| Purchases of Investments | $- | $- | $-1.07B | $-973.73M | $395.05M |
| Sales Maturities of Investments | $- | $- | $597.50M | $238.98M | $28.38M |
| Other Investing Activities | $-597.37M | $-261.49M | $-402.10M | $344.33M | $-107.22M |
| Net Cash Used for Investing Activities | $-597.37M | $-128.79M | $-906.86M | $-532.35M | $-87.80M |
| Debt Repayment | $-22.44M | $-148.00M | $-254.31M | $1.66B | $-11.25M |
| Common Stock Issued | $- | $- | $- | $- | $297.04M |
| Common Stock Repurchased | $- | $-29.21M | $-85.00K | $-1.57M | $-137.00K |
| Dividends Paid | $-203.22M | $-191.18M | $-468.68M | $-471.99M | $-891.59M |
| Other Financing Activities | $-26.67M | $89.45M | $-78.20M | $-1.23B | $689.64M |
| Net Cash Used Provided by Financing Activities | $-252.32M | $-278.94M | $-801.27M | $-29.48M | $-213.20M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $-311.96M | $240.43M | $-909.19M | $199.98M | $123.24M |
| Cash at End of Period | $949.62M | $1.26B | $1.02B | $1.93B | $1.73B |
| Cash at Beginning of Period | $1.26B | $1.02B | $1.93B | $1.73B | $1.61B |
| Operating Cash Flow | $537.72M | $648.15M | $798.94M | $761.81M | $424.24M |
| Capital Expenditure | $- | $- | $-3.00M | $-3.00M | $-395.05M |
| Free Cash Flow | $537.72M | $648.15M | $795.94M | $758.81M | $29.19M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-20.77M | $-3.63M | $50.79M | $-6.27M | $-100.61M | $59.57M | $62.73M | $11.20M | $-525.00M | $20.11M | $68.90M | $53.38M | $31.96M | $71.77M | $76.83M | $26.99M | $-208.73M | $68.74M | $-217.35M | $-104.50M |
| Depreciation and Amortization | $166.99M | $120.39M | $109.77M | $114.01M | $119.62M | $114.99M | $110.39M | $112.58M | $139.61M | $142.57M | $121.86M | $122.27M | $132.84M | $105.52M | $94.19M | $100.03M | $112.04M | $111.98M | $97.01M | $96.91M |
| Deferred Income Tax | $3.19M | $3.94M | $1.93M | $3.95M | $2.71M | $8.71M | $3.01M | $2.59M | $4.01M | $3.54M | $6.46M | $- | $-20.49M | $-25.38M | $-7.35M | $36.25M | $214.79M | $-43.90M | $269.20M | $156.59M |
| Stock Based Compensation | $7.36M | $6.54M | $8.75M | $7.52M | $9.95M | $9.66M | $11.87M | $11.71M | $6.36M | $3.89M | $5.85M | $13.15M | $5.44M | $5.51M | $6.15M | $21.23M | $9.04M | $6.17M | $7.70M | $25.77M |
| Change in Working Capital | $114.22M | $-57.53M | $52.68M | $-109.37M | $54.44M | $-95.79M | $81.02M | $-65.25M | $62.92M | $-46.79M | $63.79M | $7.42M | $99.51M | $-206.01M | $73.61M | $36.43M | $105.99M | $-223.03M | $59.00M | $-133.44M |
| Accounts Receivables | $- | $2.84M | $5.67M | $-8.51M | $17.65M | $-1.89M | $7.48M | $-13.86M | $-2.31M | $-4.52M | $5.89M | $-3.50M | $11.90M | $-22.57M | $11.55M | $-1.08M | $21.76M | $1.77M | $-7.93M | $-20.94M |
| Inventory | $- | $- | $- | $- | $-17.65M | $- | $- | $-51.39M | $2.31M | $4.52M | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $-38.47M | $-13.76M | $1.18M | $44.25M | $-59.41M | $28.67M | $-1.24M | $70.13M | $-931.00K | $6.65M | $-7.86M | $86.67M | $35.86M | $40.82M | $-7.60M | $68.99M | $14.87M | $- | $- | $65.93M |
| Other Working Capital | $152.69M | $-46.61M | $45.84M | $-86.62M | $113.85M | $-122.58M | $74.78M | $-70.13M | $63.85M | $-53.44M | $65.76M | $-79.25M | $63.65M | $-224.26M | $69.66M | $-32.56M | $91.12M | $-223.03M | $59.00M | $-199.36M |
| Other Non Cash Items | $266.74M | $-295.89M | $194.14M | $7.50M | $125.17M | $-35.01M | $13.85M | $19.05M | $551.22M | $5.89M | $-7.24M | $-25.20M | $34.43M | $53.98M | $5.09M | $3.25M | $-246.00K | $3.69M | $705.00K | $10.12M |
| Net Cash Provided by Operating Activities | $537.72M | $-226.16M | $194.68M | $31.48M | $211.28M | $62.13M | $282.87M | $91.87M | $239.12M | $129.20M | $259.61M | $171.01M | $283.70M | $5.39M | $248.52M | $224.19M | $232.88M | $-76.36M | $216.27M | $51.45M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $204.86M | $86.93M | $-32.15M | $-1.00M | $-86.84M | $86.84M | $-1.00M | $- | $- | $-3.00M | $- | $- | $-117.92M | $-94.12M | $-84.21M | $-98.79M |
| Acquisitions Net | $-6.06M | $538.00K | $1.49M | $-2.03M | $-27.78M | $-6.51M | $-28.39M | $-8.83M | $-18.13M | $-3.96M | $-6.52M | $-4.57M | $-2.63M | $-129.94M | $-1.54M | $-4.82M | $-2.80M | $-3.00M | $-1.03M | $-2.13M |
| Purchases of Investments | $340.70M | $- | $-212.08M | $-128.62M | $-204.86M | $-204.12M | $-225.72M | $-201.41M | $-271.30M | $-193.17M | $-148.87M | $-645.92M | $-180.01M | $-204.51M | $-203.33M | $-162.54M | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $-33.60M | $33.60M | $- | $-468.60M | $117.19M | $271.30M | $197.29M | $248.04M | $49.79M | $473.26M | $96.49M | $40.30M | $122.27M | $76.41M | $- | $- | $- | $- | $28.38M |
| Other Investing Activities | $-446.42M | $-146.91M | $-178.47M | $-128.62M | $301.79M | $-80.06M | $41.67M | $139.61M | $71.11M | $-73.39M | $-238.09M | $-144.14M | $-137.08M | $-79.23M | $-125.37M | $-51.72M | $-90.49M | $344.59M | $60.52M | $-26.79M |
| Net Cash Used for Investing Activities | $-111.77M | $-179.98M | $-176.99M | $-128.62M | $-194.59M | $-86.57M | $26.72M | $125.65M | $-57.13M | $-133.88M | $78.77M | $-794.63M | $-139.71M | $-209.18M | $-126.92M | $-56.54M | $-211.22M | $247.47M | $-24.72M | $-99.34M |
| Debt Repayment | $20.71M | $-18.00K | $-20.70M | $- | $-28.60M | $-3.60M | $-5.40M | $-110.40M | $-5.40M | $-6.16M | $-205.40M | $-5.40M | $944.60M | $-5.40M | $- | $-8.33M | $-52.67M | $-501.52M | $-7.96M | $550.91M |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $146.00K | $223.00K | $- | $222.00K | $219.00K | $193.00K | $291.42M | $225.00K | $215.00K | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $-25.00K | $-5.93M | $-23.25M | $- | $-271.30M | $85.00K | $- | $-85.00K | $-300.00M | $- | $-1.00K | $-113.00K | $- | $- | $- | $-137.00K |
| Dividends Paid | $-46.59M | $-15.53M | $-15.53M | $-15.53M | $-191.18M | $-103.01M | $-15.53M | $-87.48M | $-117.19M | $-117.19M | $-117.15M | $-117.14M | $-118.07M | $-117.99M | $-117.99M | $-117.93M | $-115.53M | $-113.84M | $-151.20M | $-511.02M |
| Other Financing Activities | $104.33M | $2.37M | $-13.53M | $5.00K | $83.66M | $-15.68M | $-3.31M | $-7.11M | $-15.29M | $-11.34M | $-40.77M | $-42.93M | $-1.31B | $278.04M | $558.11M | $-16.03M | $386.57M | $71.25M | $163.65M | $68.17M |
| Net Cash Used Provided by Financing Activities | $78.46M | $-13.18M | $-49.76M | $-15.52M | $-131.75M | $-25.42M | $-47.49M | $-206.97M | $-137.88M | $-134.60M | $-363.32M | $-165.47M | $-481.84M | $154.65M | $440.12M | $-142.41M | $218.37M | $-544.12M | $4.48M | $108.07M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $-160.00M | $160.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-79.46M | $-87.78M | $-32.07M | $-112.66M | $-896.00K | $-49.65M | $278.29M | $12.68M | $44.11M | $-139.27M | $-24.94M | $-789.10M | $-337.85M | $-49.14M | $561.73M | $25.24M | $240.03M | $-373.00M | $196.03M | $60.18M |
| Cash at End of Period | $949.62M | $1.03B | $1.12B | $1.15B | $1.26B | $1.26B | $1.31B | $1.03B | $1.02B | $977.05M | $1.12B | $1.14B | $1.93B | $2.27B | $2.32B | $1.76B | $1.73B | $1.49B | $1.86B | $1.67B |
| Cash at Beginning of Period | $1.03B | $1.12B | $1.15B | $1.26B | $1.26B | $1.31B | $1.03B | $1.02B | $977.05M | $1.12B | $1.14B | $1.93B | $2.27B | $2.32B | $1.76B | $1.73B | $1.49B | $1.86B | $1.67B | $1.61B |
| Operating Cash Flow | $537.72M | $-226.16M | $194.68M | $31.48M | $211.28M | $62.13M | $282.87M | $91.87M | $239.12M | $129.20M | $259.61M | $171.01M | $283.70M | $5.39M | $248.52M | $224.19M | $232.88M | $-76.36M | $216.27M | $51.45M |
| Capital Expenditure | $- | $- | $- | $- | $204.86M | $86.93M | $-32.15M | $-1.00M | $-86.84M | $86.84M | $-1.00M | $- | $- | $-3.00M | $- | $- | $-117.92M | $-94.12M | $-84.21M | $-98.79M |
| Free Cash Flow | $537.72M | $-226.16M | $194.68M | $31.48M | $416.13M | $149.06M | $250.72M | $90.87M | $152.27M | $216.05M | $258.61M | $171.01M | $283.70M | $2.39M | $248.52M | $224.19M | $114.96M | $-170.48M | $132.05M | $-47.35M |
Vornado Realty Trust Dividends
Explore Vornado Realty Trust's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
2.54%
Dividend Payout Ratio
309.90%
Dividend Paid & Capex Coverage Ratio
2.65x
Vornado Realty Trust Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.74 | $0.74 | December 16, 2024 | December 16, 2024 | December 27, 2024 | December 05, 2024 |
| $0.3 | $0.3 | December 14, 2023 | December 15, 2023 | December 27, 2023 | December 05, 2023 |
| $0.375 | $0.375 | January 27, 2023 | January 30, 2023 | February 10, 2023 | January 18, 2023 |
| $0.53 | $0.53 | November 04, 2022 | November 07, 2022 | November 18, 2022 | October 27, 2022 |
| $0.53 | $0.53 | August 05, 2022 | August 08, 2022 | August 19, 2022 | July 28, 2022 |
| $0.53 | $0.53 | May 06, 2022 | May 09, 2022 | May 20, 2022 | April 27, 2022 |
| $0.53 | $0.53 | January 28, 2022 | January 31, 2022 | February 11, 2022 | January 19, 2022 |
| $0.53 | $0.53 | November 05, 2021 | November 08, 2021 | November 19, 2021 | October 28, 2021 |
| $0.53 | $0.53 | August 06, 2021 | August 09, 2021 | August 20, 2021 | July 29, 2021 |
| $0.53 | $0.53 | May 07, 2021 | May 10, 2021 | May 21, 2021 | April 28, 2021 |
| $0.53 | $0.53 | January 29, 2021 | February 01, 2021 | February 12, 2021 | January 20, 2021 |
| $0.53 | $0.53 | November 06, 2020 | November 09, 2020 | November 20, 2020 | October 29, 2020 |
| $0.53 | $0.53 | August 07, 2020 | August 10, 2020 | August 21, 2020 | July 30, 2020 |
| $0.66 | $0.66 | May 08, 2020 | May 11, 2020 | May 22, 2020 | April 29, 2020 |
| $0.66 | $0.66 | January 24, 2020 | January 27, 2020 | February 14, 2020 | January 15, 2020 |
| $1.95 | $1.95 | December 27, 2019 | December 30, 2019 | January 15, 2020 | December 18, 2019 |
| $0.66 | $0.66 | November 01, 2019 | November 04, 2019 | November 18, 2019 | October 25, 2019 |
| $0.66 | $0.66 | August 02, 2019 | August 05, 2019 | August 16, 2019 | July 25, 2019 |
| $0.66 | $0.66 | May 03, 2019 | May 06, 2019 | May 17, 2019 | April 24, 2019 |
| $0.66 | $0.66 | January 25, 2019 | January 28, 2019 | February 14, 2019 | January 16, 2019 |
Vornado Realty Trust News
Read the latest news about Vornado Realty Trust, including recent articles, headlines, and updates.
Vornado Realty: O Series Might Be The Best Option Right Now
The return-to-office trend has boosted Vornado Realty Trust's common shares, yet valuation concerns and a lower dividend yield likely make it a less attractive option. Vornado's 4.45% CUM PFD O shares offer an alternative, yielding 5%+ higher than Vornado's common shares. Moreover, O Series possesses less implied call and spread risk than other cumulative perpetuals. Some might reduce exposure to Vornado after its year-over-year run. However, reasons to maintain exposure to Vornado include, a systematic recovery in offices and optimism about PENN 2.
Vornado Realty Trust Q4 Earnings: If You Want Office, Buy The Best
The office market continues to struggle post-pandemic, with high vacancy rates and distressed assets, but top operators like VNO are showing resilience. VNO's strong Q4 2024 earnings and significant leasing activity in NYC indicate a potential market recovery, with shares appreciating over 70% in the past year. VNO's strategic share repurchases and operational efficiencies have contributed to its success, despite the broader market challenges and high vacancy rates in Manhattan.
Vornado Realty: I'm Buying The Dip In The Series O Preferreds As Manhattan Office Demand Soars
Vornado Realty Trust's shares are up more than 60% as the REIT recorded a strong fiscal 2024 fourth quarter earnings beat, despite a slight FFO dip. VNO's Series O preferreds trade at a significant discount to their liquidation value with a 7.5% yield on cost due to the high risk-free rate and perceived office property risks. Manhattan's office leasing market is robust, with VNO's occupancy projected to exceed 90% by 2025, bolstered by NYU's master lease and Penn 2's leasing.
Vornado Realty Trust (VNO) Q4 2024 Earnings Call Transcript
Vornado Realty Trust (NYSE:VNO ) Q4 2024 Earnings Conference Call February 11, 2025 10:00 AM ET Company Participants Steven Borenstein - Senior Vice President & Corporate Counsel Steven Roth - Chairman & Chief Executive Officer Michael Franco - President & Chief Financial Officer Glen Weiss - Executive Vice President, Office Leasing & Co-Head, Real Estate Conference Call Participants Steve Sakwa - Evercore ISI John Kim - BMO Capital Markets Jeff Spector - Bank of America Dylan Burzinski - Green Street Capital Floris van Dijkum - Compass Point Michael Griffin - Citi Vikram Malhotra - Mizuho Securities Michael Lewis - Truist Securities Alexander Goldfarb - Piper Sandler Ronald Kamdem - Morgan Stanley Anthony Paolone - JPMorgan Nick Yulico - Scotiabank Brendan Lynch - Barclays Operator Good morning and welcome to the Vornado Realty Trust Fourth Quarter 2024 Earnings Conference Call. My name is Betsy [ph] and I will be your operator for today's call.
Vornado (VNO) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
Although the revenue and EPS for Vornado (VNO) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Vornado Announces Fourth Quarter 2024 Financial Results
NEW YORK, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) reported today: Quarter Ended December 31, 2024 Financial Results NET INCOME attributable to common shareholders for the quarter ended December 31, 2024 was $1,203,000, or $0.01 per diluted share, compared to a net loss attributable to common shareholders of $61,013,000, or $0.32 per diluted share, for the prior year's quarter. FUNDS FROM OPERATIONS ("FFO") attributable to common shareholders plus assumed conversions (non-GAAP) for the quarter ended December 31, 2024 was $117,085,000, or $0.58 per diluted share, compared to $121,105,000, or $0.62 per diluted share, for the prior year's quarter.
Seeking Clues to Vornado (VNO) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Vornado (VNO), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2024.
Vornado Announces Fourth Quarter Earnings Release Date and Conference Call Information
NEW YORK, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that it will file its annual report on Form 10-K for the year ended December 31, 2024 with the U.S. Securities and Exchange Commission and issue its fourth quarter and full year earnings release on Monday, February 10, 2025, after the New York Stock Exchange has closed. The Company will host a quarterly earnings conference call and an audio webcast on Tuesday, February 11, 2025 at 10:00 a.m. Eastern Time (ET).
Vornado's Retail JV Completes $350 Million Transaction with UNIQLO
NEW YORK, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its 52% owned street retail joint venture has completed the previously announced sale to UNIQLO of the portion of its U.S. flagship store at 666 Fifth Avenue owned by the retail joint venture for $350 million.
Caveat Emptor: 2 REITs To Avoid
Caveat Emptor series aims to help investors avoid “sucker yields,” “value traps,” and “ugly ducklings” by highlighting risks and conducting due diligence. Dynex Capital is rated a sell due to poor operational performance, negative EPS, and unsustainable dividend payout ratios. Vornado Realty Trust is rated a sell due to declining AFFO, high geographic concentration risks, and a history of value erosion.
Vornado Declares Common Dividend of $.74 Per Share
NEW YORK, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its Board of Trustees has declared a dividend of $.74 per common share. The dividend will be payable on December 27, 2024 to shareholders of record on December 16, 2024.
Vornado Realty Trust: Manhattan Is The Best Office Real Estate Market In America, Preferreds Should Rally
Manhattan is experiencing a generational wave of office-to-residential conversions that are taking the supply of office space off the market. Vornado Series O Preferreds are trading at just under 66 cents on the dollar. Leasing is strong, with VNO expecting its portfolio occupancy rate to rise on the back of recent leases.
Vornado price target raised to $48 from $42 at BofA
BofA analyst Camille Bonnel raised the firm's price target on Vornado to $48 from $42 and keeps a Neutral rating on the shares after the company announced a master lease with NYU for its 1.1M SF office space at 770 Broadway. The firm expects Vornado will lease most of the vacant space at PENN 2 over the next few quarters, which means rent will likely commence in 2026, and it raised it Vornado estimates, but reiterates a Neutral rating on valuation.
Vornado: A Full Recovery Is Priced In
Vornado Realty Trust is one of the largest office real estate REITs in the markets. VNO's Q3 results were in line with estimates but showed YoY declines in revenue and FFO/share, reflecting a challenging environment. The demand for office space remains weak due to the rise of remote work, with significant vacancy rates and new supply entering the market.
Vornado Realty Trust (VNO) Q3 2024 Earnings Call Transcript
Vornado Realty Trust (NYSE:VNO ) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Steven Borenstein - Senior Vice President and Corporate Counsel Steven Roth - Chairman and CEO Michael Franco - President and CFO Glen Weiss - Executive Vice President, Office Leasing and Co-Head, Real Estate Tom Sanelli - Executive Vice President, Finance and CAO Conference Call Participants John Kim - BMO Capital Markets Steve Sakwa - Evercore ISI Floris van Dijkum - Compass Point Dylan Burzinski - Green Street Capital Alexander Goldfarb - Piper Sandler Jeff Spector - Bank of America Michael Griffin - Citi Ronald Kamdem - Morgan Stanley Caitlin Burrows - Goldman Sachs Nick Yulico - Scotiabank Operator Good day. And welcome to the Vornado Realty Trust Third Quarter 2024 Earnings Call.
Compared to Estimates, Vornado (VNO) Q3 Earnings: A Look at Key Metrics
The headline numbers for Vornado (VNO) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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