Vornado Realty Trust | REIT Profile

Symbol: VNO
CIK: 899689
Exchange: NYSE
Preferred Stock: VNO-L, VNO-M, VNO-N, VNO-O
Founded: 1982 (40 years)
HQ: New York, NY, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Diversified, Residential, Office

See VNO on Google Finance
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See VNO on SEC.gov

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About Vornado Realty Trust

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 19 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2017. In 2012, Vornado commemorated 50 years on the NYSE.


Vornado Realty Trust Company Logo

Stock Chart

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REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 3 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Close Previous Close Volume Change $ Change % Market Cap PE Ratio 52W High 52W Low Ytd Change
$27.97 $28.60 $27.89 $28.48 $28.49 $28.49 668,415 -$0.52 -1.83% $5,363,948,400 44.35 $45.72 $27.12 -30.51%

Last update: 2022-08-09 09:41:56 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 6.8

Hightlights of Trading Day August 8, 2022


Open Price: $28.04
Closing Price: $28.49
Price Change: 0.83 (3.001%)
Lowest Price: $28
Highest Price: $28.86
52-Week Low: $27.12
52-Week High: $45.72
52-Week Change: -31.29%
5 Day Price Change: -7.25%
1 Month Price Change: -6.14%
3 Month Price Change: -22.29%
6 Month Price Change: -30.16%
YTD Price Change: -30.77%
1 Year Price Change: -31.29%
2 Year Price Change: -12.90%
5 Year Price Change: -54.34%

Dividend of Trading Day August 8, 2022


Dividend Yield: 7.441%*
Annualized Dividend: $2.12*
Dividend Yield (TTM): 7.479%
Annualized Dividend (TTM): $2.0687
Ex-Dividend Date: 2022-08-05
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)



FFO Amount and Payout Ratio

Below are the FFO amounts, dividends, and payout ratios for the last two quarters for VNO.

Year Quarter Type Amount Dividend Paid Payout Ratio
2022 Q1 AFFO $--- $--- ---%
2022 Q1 FFO $--- $--- ---%
2021 Q4 AFFO $--- $--- ---%
2021 Q4 FFO $--- $--- ---%

REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.


Funds From Operations (FFO)

Key Stats of Trading Day August 8, 2022


Total Cash: $973,858,000
Current Debt: $1,163,063,000
Revenue: $1,651,363,000
Gross Profit: $1,651,363,000
Total Revenue: $1,651,363,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $900,215,000
Revenue Per Share: $9
Revenue Per Employee: $412,017
Employee: 2,021
Debt to Equity Ratio (D/E): 2.83
Profit Margin: 0.07%
Enterprise Value (EV): $13,467,295,661
Enterprise Value to Revenue (EV/R): 8.16
Price to Sales (P/S): 3.53
Price to Book (P/B): 1.16
Price/Earnings-to-Growth (PEG) Ratio: 0.35
P/E Ratio: 45.18
P/E High: 19.48
P/E Low: 14.72
Forward P/E Ratio: 53.32
Market Capitalization: $5,463,671,431
Beta: 0.89
Latest Volume: 2,776,579
Avg. Total Volume: 2,278,403
Avg. 10-Day Volume: 2,485,838
Avg. 30-Day Volume: 2,278,403
TTM EPS: 0.63
Shares Outstanding: 191,775,059
Float: N/A
50-Day Moving Avg.: $28.70
200-Day Moving Avg.: $36.29

Latest REIT Community Comments on #VNO


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Properties Owned by VNO


VNO Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $63.22 per share you would have been able to buy 15 shares of VNO on 2021-08-09 costing $948.30 @ $63.22 per share you would have been able to buy 7 shares of VNO on 2021-08-09 costing $442.54 @ $63.22 per share you would have been able to buy 3 shares of VNO on 2021-08-09 costing $189.66 @ $63.22 per share you would have been able to buy 1 shares of VNO on 2021-08-09 costing $63.22 @ $63.22 per share you would have been able to buy 0 shares of VNO on 2021-08-09 costing $0.00
Current worth On 2022-08-08 these 15 shares would be worth $427.35 @ $28.49 On 2022-08-08 these 7 shares would be worth $199.43 @ $28.49 On 2022-08-08 these 3 shares would be worth $85.47 @ $28.49 On 2022-08-08 these 1 shares would be worth $28.49 @ $28.49 On 2022-08-08 these 0 shares would be worth $0.00 @ $28.49
Dividends earned $39.75 in dividends would have been earned since 2021-08-09 with 15 shares. $19 in dividends would have been earned since 2021-08-09 with 7 shares. $7.95 in dividends would have been earned since 2021-08-09 with 3 shares. $2.65 in dividends would have been earned since 2021-08-09 with 1 shares. $0.00 in dividends would have been earned since 2021-08-09 with 7 shares.
Net (gain / loss)* -481.20 USD -224.56 USD -96.24 USD -32.08 USD 0.00 USD
ROI** -50.74% -50.74% -50.74% -50.74% nan%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by VNO. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
VNO 2022-08-05 0.530 --- 2022-07-28 2022-08-08 2022-08-19
VNO 2022-05-06 0.530 --- 2022-04-27 2022-05-09 2022-05-20
VNO 2022-01-28 0.530 --- 2022-01-19 2022-01-31 2022-02-11
VNO 2021-11-05 0.530 --- 2021-10-28 2021-11-08 2021-11-19
VNO 2021-08-06 0.530 --- 2021-07-29 2021-08-09 2021-08-20
VNO 2021-05-07 0.530 --- 2021-04-28 2021-05-10 2021-05-21
VNO 2021-01-29 0.530 --- 2021-01-20 2021-02-01 2021-02-12
VNO 2020-11-06 0.530 --- 2020-10-29 2020-11-09 2020-11-20
VNO 2020-08-07 0.530 -19.70% 2020-07-30 2020-08-10 2020-08-21
VNO 2020-05-08 0.660 --- 2020-04-29 2020-05-11 2020-05-22
VNO 2020-01-24 0.660 -66.15% 2020-01-15 2020-01-27 2020-02-14
VNO 2019-12-27 1.950 195.45% 2019-12-18 2019-12-30 2020-01-15
VNO 2019-11-01 0.660 --- 2019-10-25 2019-11-04 2019-11-18
VNO 2019-08-02 0.660 --- 2019-07-25 2019-08-05 2019-08-16
VNO 2019-05-03 0.660 --- 2019-04-24 2019-05-06 2019-05-17
VNO 2019-01-25 0.660 4.76% 2019-01-16 2019-01-28 2019-02-14
VNO 2018-11-02 0.630 --- 2018-10-25 2018-11-05 2018-11-19
VNO 2018-08-03 0.630 --- 2018-07-26 2018-08-06 2018-08-17
VNO 2018-05-04 0.630 --- 2018-04-25 2018-05-07 2018-05-18
VNO 2018-01-26 0.630 5.00% 2018-01-17 2018-01-29 2018-02-15

Earnings Press Releases


Below are the Earnings Press Releases for VNO. To see the complete Earnings Report please visit the sec.gov.

Year Quarter Title
2021 Q4 Vornado Announces Fourth Quarter 2021 Financial Results
2021 Q3 Vornado Announces Third Quarter 2021 Financial Results

Financial Statements Overview


The next Earnings Report for VNO is 2022-10-31

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2022-03-31 2021-12-31 2021-09-30 2021-06-30
Current Cash 973,858,000 1,760,225,000 2,128,964,000 2,172,195,000
Receivables 760,753,000 735,979,000 745,743,000 723,846,000
Inventory 0 0 0 0
Current Assets 2,123,335,000 2,496,204,000 3,260,980,000 3,266,210,000
Current Assets (Other) 388,724,000 0 386,273,000 370,169,000
Short Term Investments 388,724,000 0 386,273,000 370,169,000
Long-term Investments 15,369,026,000 14,770,384,000 14,227,820,000 13,390,583,000
Property, Plant & Equipment Net 9,914,263,000 9,841,498,000 9,610,595,000 9,002,133,000
Goodwill 0 0 0 0
Intangible Assets 149,613,000 154,895,000 158,438,000 21,347,000
Other Assets 454,050,000 912,137,000 616,896,000 410,843,000
Net Tangible Assets 4,852,786,000 4,898,992,000 4,953,367,000 5,078,729,000
Total Assets 17,492,361,000 17,266,588,000 17,488,800,000 16,656,793,000
Accounts Payable 0 0 0 0
Liabilities (Other) 274,496,000 304,725,000 305,946,000 287,756,000
Current Liabilities (Other) 588,063,000 661,615,000 799,832,000 433,462,000
Total Current Liabilities 1,163,063,000 661,615,000 1,374,832,000 433,462,000
Current Long-term Debt 575,000,000 0 575,000,000 0
Long-term Debt 8,039,069,000 8,615,947,000 8,056,741,000 8,109,753,000
Total Liabilities 11,307,503,000 11,030,242,000 11,194,496,000 10,374,426,000
Minority Interest 1,000,273,000 967,575,000 976,209,000 1,035,634,000
Common Stock 205,141,000 178,588,000 191,577,000 191,527,000
Retained Earnings -3,154,549,000 -3,079,320,000 -2,988,999,000 -2,925,161,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 6,184,858,000 6,236,346,000 6,294,304,000 6,282,367,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2022-03-31 2021-12-31 2021-09-30 2021-06-30
Total Revenue 442,130,000 421,080,000 409,212,000 378,941,000
Cost of Revenue 0 0 0 0
Gross Profit 442,130,000 421,080,000 409,212,000 378,941,000
Research and Development 0 0 0 0
Selling General and Admin 41,216,000 34,204,000 25,553,000 30,602,000
Operating Expense 370,519,000 366,220,000 340,986,000 311,405,000
Operating Income 71,611,000 54,860,000 68,226,000 67,536,000
Income Expense Net (Other) 0 5,724,000 0 5,342,000
EBIT 111,877,000 119,292,000 104,582,000 130,028,000
Interest Income 49,912,000 77,316,000 56,400,000 57,623,000
Pretax Income 60,786,000 42,018,000 46,389,000 79,673,000
Income Tax 7,411,000 10,055,000 -25,376,000 2,841,000
Minority Interest 11,368,000 8,084,000 8,243,000 8,784,000
Net Income 26,473,000 8,421,000 37,681,000 50,876,000
Net Income Basic 26,473,000 8,421,000 37,681,000 50,876,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2022-03-31 2021-12-31 2021-09-30 2021-06-30
Net Income 26,473,000 8,421,000 37,681,000 50,876,000
Depreciation 122,271,000 132,845,000 105,524,000 94,191,000
Changes in Receivables 760,753,000 735,979,000 745,743,000 723,846,000
Changes in Inventories 0 0 0 0
Cash Change 973,858,000 1,760,225,000 2,128,964,000 2,172,195,000
Cash Flow 171,014,000 283,703,000 5,394,000 248,524,000
Capital Expenditures -209,738,000 -141,295,000 -467,881,000 -62,728,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -794,635,000 -139,713,000 -209,180,000 -126,915,000
Dividends Paid 0 0 0 0
Net Borrowings 7,251,487,000 6,855,722,000 6,116,504,000 5,567,389,000
Cash Flow Financing -165,475,000 -481,836,000 154,646,000 440,118,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
0 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.7
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.7
9 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 8.7
8 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.2
Rating AFFO & Efficiency Section Avg. Rating
10 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 8.8
7 AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
6 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.0
5 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.5
Rating Leverage Section Avg. Rating
6 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.5
5 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 6.9
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.6
7 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
5 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
6 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.2
Rating Asset & Revenue Section Avg. Rating
9 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 7.7
6 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.0
Rating Properties Section Avg. Rating
10 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.0
Rating Market Cap Section Avg. Rating
1 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 4.0
6.8 Overall REITRating™ Score (See trend) 6.1

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2022-08-09 - v3.4