Vornado Realty Trust | REIT Profile
Symbol: VNO
CIK: 899689
Exchange: NYSE
Preferred Stock: VNO-L, VNO-M, VNO-N, VNO-O
Founded: 1982 (44 years)
HQ: New York, NY, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Diversified, Residential, Office
REITRating™ Score: 6.3
See VNO on Yahoo Finance
See VNO on SEC.gov
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Vornado Realty Trust is a publicly traded real estate investment trust focused on owning, operating and managing commercial properties, with a concentration in prime office and street‑level retail assets—notably in New York City and the Washington, D.C. area. The company’s business model centers on leasing and property management, generating income from office and retail tenants while pursuing active asset management, repositioning and selective dispositions to enhance portfolio value. Like many office‑centric landlords, Vornado has navigated macroeconomic and sector‑specific headwinds affecting demand for office space and has adjusted its capital and portfolio strategies in response. Its performance is driven by leasing activity, occupancy, rental rates, and interest‑rate and capital‑market conditions. Investors typically evaluate Vornado on portfolio quality and location, leasing execution, balance‑sheet metrics, and management’s ability to execute asset‑level and corporate repositioning. For current financials, recent transactions, and the latest guidance, consult the company’s filings and investor releases.
Stock Chart
Dividend of Trading Day 2026-06-02
Annualized Dividend: $2.96*
Dividend Yield (TTM): 6.3%
Annualized Dividend (TTM): $2.155
Ex-Dividend Date: 2025-12-18
Dividend Date: 2025-12-29
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 REIT Press Releases
- Vornado Realty Trust and LeFrak Welcome the Return of French Vietnamese Restaurant Le Colonial to 57th Street in New York City - Wed, 11 Mar 2026 12:20:57 UTC
- Vornado Announces Fourth Quarter 2025 Financial Results - Mon, 09 Feb 2026 21:32:35 UTC
- Vornado Completes $525 Million Refinancing of One Park Avenue - Mon, 09 Feb 2026 21:26:45 UTC
- Vornado Declares Quarterly Dividends On Preferred Shares - Thu, 05 Feb 2026 20:53:28 UTC
- Vornado JV Completes $250 Million Refinancing of 7 West 34th Street - Mon, 26 Jan 2026 13:16:33 UTC
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. Compare FFO to other REITs at REITFFO.
| Year | Quarter | Type | Amount | Dividend Paid | Payout Ratio |
|---|---|---|---|---|---|
| 2026 | Q1 | FFO | $0.78 | $0.00 | 0.00% |
| 2025 | Q4 | FFO | $0.62 | $0.74 | 119.36% |
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. The “Payout Ratio” is calculated by dividing the “Dividends Paid” column by the “FFO Amount” column. Some REITs may have two types of FFO (eg. FFO and Modified FFO) while others may have just one type of FFO.
Dividend to FFO & AFFO Payout Ratio
REITNotes' Dividend to FFO Payout Ratio graph is based on 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.