Vornado Realty Trust
Research Vornado Realty Trust (VNO) on Bullrun: market cap USD 7.46B, P/E 1610.5, dividend yield 1.9%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerVNO
- ExchangeNYSE
- CountryUnited States
- SectorReal Estate
- IndustryREIT-Office
- CurrencyUSD
- Market capUSD 7.46B
- P/E1610.5
- Dividend yield1.9%
- Financial periodQ2 2026
- RevenueUSD 462.24M
- Net incomeUSD 31.96M
- Free cash flowUSD 163.70M
Valuation Snapshot
latest market cap is USD 7.46B; P/E is 1610.5; dividend yield is 1.9%.
Peer valuation comparison
Latest P/E is 1610.48x versus a Real Estate sector median of 14.84x (10755.3% above).
Latest dividend yield is 1.91% versus a Real Estate sector median of 4.71% (59.4% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 1.81B | USD 937.00M | USD 1.26B | n/a | 4.2 | USD 840.85M | USD 2.26B | USD 5.99B |
| FY2024 | USD 1.79B | USD 20.00M | USD 537.72M | n/a | 0.04 | USD 733.95M | USD 2.57B | USD 5.16B |
| FY2023 | USD 1.81B | USD 33.00M | n/a | 50.0% | 0.23 | USD 997.00M | USD 2.56B | USD 5.51B |
| FY2022 | USD 1.80B | -USD 383.00M | n/a | n/a | -2.13 | USD 889.69M | USD 2.56B | USD 5.84B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 7.46B | 1610.5 | 1.9% | 0.74 |
| 2025 | 2025-12-31 | USD 6.35B | 7.9 | 2.2% | 0.74 |
| 2024 | 2024-12-31 | USD 8.02B | 1051.0 | 1.8% | 0.74 |
| 2023 | 2023-12-29 | USD 5.38B | n/a | 2.4% | 0.68 |
| 2022 | 2022-12-30 | USD 3.99B | 41.6 | 10.2% | 2.12 |
| 2021 | 2021-12-31 | USD 8.03B | 79.0 | 5.1% | 2.12 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 0.74 USD, yield 1.9%.
| Year | Dividends/share |
|---|---|
| FY2025 | 0.74 USD |
| FY2024 | 0.74 USD |
| FY2023 | 0.68 USD |
| FY2022 | 2.12 USD |
About Vornado Realty Trust
Vornado Realty Trust is a fully integrated real estate investment trust with a 26 million square-foot portfolio of premier New York City office, retail and multifamily 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 office buildings LEED certified and over 95% certified LEED Gold or Platinum.
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Frequently asked questions
What is Vornado Realty Trust's market cap?
Vornado Realty Trust's market capitalization is USD 7.46B.
What is Vornado Realty Trust's P/E ratio?
Vornado Realty Trust's price-to-earnings (P/E) ratio is 1610.5.
Does Vornado Realty Trust pay a dividend?
Vornado Realty Trust has a dividend yield of 1.9%.
What does Vornado Realty Trust do?
Vornado Realty Trust is a fully integrated real estate investment trust with a 26 million square-foot portfolio of premier New York City office, retail and multifamily 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 office buildings LEED certified and over 95% certified LEED Gold or Platinum. Vornado Realty Trust was incorporated in 1946 in Maryland, USA.