NVDA+0.84%AAPL−2.51%GOOGL−1.17%MSFT−2.04%AMZN−0.15%TSM+2.85%SPCX−1.20%AVGO+0.21%
StockVS

NYSE · REIT - Office · USD

Vornado Realty Trust (VNO) Stock Analysis

Vornado Realty Trust (VNO) is a REIT - Office stock listed on NYSE and quoted in US Dollar.

VNO

$36.59

+$0.05 (+0.14%)

Sep 4, 2026 · Market close

Compare

Price History

Hover for the daily close. The dotted line marks the period open.

Compare VNO with… →

VNO Key Statistics

As of Sep 4, 2026
Trading
Open
$36.86
Previous Close
$36.54
Day's Range
36.21–37.04
52-Week Range
24.57–43.37
Volume
893.20K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
1.54
Valuation
Market Cap
$7.25B
P/E Ratio
1219.67
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
118.03
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
7.37
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
3.86
EPS (ttm)Profit attributable to each share over the last twelve months.
0.03
Financials (FY)
Revenue (FY)
$1.81B+1.27%
Net Income (FY)
$904.96M+1185.68%
Profit marginThe share of revenue left as profit after all costs and taxes.
3.62%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
186.72M
1-Year Return
−6.24%
Dividend and dates
Dividend
$0.74+2.03%
Ex-Dividend Date
December 18, 2025
Earnings Date
November 2, 2026
Avg Volume
1.60M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

VNO Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+9.95%
2025−19.09%
2024+51.32%
2023+39.50%
2022−46.66%
2021+17.78%
2020−40.43%
2019+14.93%
2018−17.75%
2017−4.53%
2016 (partial year)−0.47%

As of September 4, 2026.

VNO Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$1.81B$904.96M50.0%
2024$1.79B$70.39M3.9%
2023$1.81B$105.49M5.8%
2022$1.80B−$346.50M−19.2%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$1.81B—$272.15M$904.96M50.0%
2024$1.79B—$263.87M$70.39M3.9%
2023$1.81B$906.01M$300.58M$105.49M5.8%
2022$1.80B$926.08M$287.85M−$346.50M−19.2%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

VNO Dividend History

$0.74+0.0% vs 2024

Dividends per share, 2025 · 1 payments

YearDividends per sharePaymentsChange
2025$0.741+0.0%
2024$0.741+9.6%
2023$0.682−68.2%
2022$2.124+0.0%
YearDividends per sharePaymentsChange
2025$0.741+0.0%
2024$0.741+9.6%
2023$0.682−68.2%
2022$2.124+0.0%
2021$2.124−10.9%
2020$2.384−48.1%
2019$4.595+82.1%
2018$2.524+7.3%
2017$2.354+361.0%
2016$0.511—

Most recent payment: $0.74 per share, ex-dividend December 18, 2025. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

VNO Valuation vs REIT - Office Median

Median of 22 stocks
MetricVNOREIT - Office medianvs median
P/E1219.6740.2330.3x the median
P/S ratio3.863.1921% above
Profit margin3.62%−16.72%20.3 pts above

Medians across 22 REIT - Office stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

All 20 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Vornado Realty Trust (VNO) is capitalised at $7.25B on the latest close. It is classified in the REIT - Office industry, within the Real Estate sector. The company reports 3,145 employees.

Over the past 52 weeks the price has ranged from $24.57 to $43.37. VNO last closed at $36.59 on September 4, 2026. That is +$0.05 (+0.14%) against the previous close. The latest close sits 48.92% above that 52-week low.

Financial Health

In fiscal 2025, Vornado Realty Trust reported revenue of $1.81B. Against the prior fiscal year total of $1.79B, that is a change of +1.27%. Net income for the same year was $904.96M. That is +1,185.68% against the prior fiscal year. The reported profit margin is 3.62%. That is 20.3 percentage points above the REIT - Office median of −16.72%. Earnings per share on a trailing basis come to 0.03.

Across the 4 fiscal years on file, revenue moves from $1.80B in 2022 to $1.81B in 2025. Of those 4 years, 3 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 1,219.67. That is 30.3 times the REIT - Office median of 40.23. The forward P/E on file is 118.03. The PEG ratio, which sets the P/E against expected earnings growth, reads 7.37. The price-to-sales ratio is 3.86. On price-to-sales that is 21.02% above the REIT - Office median of 3.19. The medians here are taken across 22 REIT - Office companies that report the metric.

Beta against the wider market is reported at 1.54. Daily returns over the trailing 10 years annualize to a volatility of 39.32%. The trailing one-year price return is −6.24%. Measured over 10 years, that is −4.33% a year compounded.

Growth & Income

VNO pays a dividend yielding 2.03%. That is 2.5 percentage points below the REIT - Office median yield of 4.5%. The indicated annual rate is $0.74 a share. The ex-dividend date on file is December 18, 2025. Dividends are recorded for 10 calendar years; 2025 shows 1 payments totalling $0.74 a share. The year before, 2024, totalled $0.74 a share.

The strongest complete calendar year on file is 2024 at +51.32%; the weakest is 2022 at −46.66%. Of the 9 complete calendar years on file, 4 finished higher. So far in 2026 the price is +9.95%.

Peer Comparison

Vornado Realty Trust (VNO) operates in the REIT - Office industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Vornado Realty Trust VNO $7.25B 1219.7
BXP, Inc. BXP $12.24B 36.6
Alexandria Real Estate Equities, Inc. ARE $9.06B —
Cousins Properties Incorporated CUZ $4.79B 727.8

The REIT - Office industry average P/E ratio is 40.2x. Vornado Realty Trust trades at a P/E of 1219.7.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

Related REIT - Office Stocks

BXP

BXP, Inc.

$12.24B

 ARE

Alexandria Real Estate Equities, Inc.

$9.06B

 CUZ

Cousins Properties Incorporated

$4.79B

 KRC

Kilroy Realty Corporation

$4.36B

 SLG

SL Green Realty Corp.

$4.26B

 CDP

COPT Defense Properties

$4.07B
View all REIT - Office stocks →

Popular Real Estate Stocks

WELL

Welltower Inc.

$170.18B

 PLD

Prologis, Inc.

$133.51B

 EQIX

Equinix, Inc.

$102.22B

 AMT

American Tower Corporation

$81.94B

 SPG

Simon Property Group, Inc.

$79.51B
View all Real Estate stocks →

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. Vornado Realty Trust was incorporated in 1946 in Maryland, USA.

Visit website →