Vornado Realty Trust
VNO
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Vornado Realty Trust operates in a competitive office REIT sector, focusing on prime locations which can attract high-quality tenants.
- Revenue increased by 1% compared to the prior quarter, reaching $462 million.
- Operating income for Q2 2026 was $28.265 million.
- The company has faced significant earnings challenges, with a trailing P/E ratio of 838, indicating potential overvaluation.
- Net income for Q1 2026 was negative at -$7.317 million.
- The operating margin has compressed to 6.1%, down from previous quarters.
Fundamentals
| Market cap | $6.70B | Enterprise value | $15.89B | Trailing P/E | 845.25 | Forward P/E | 109.06 |
| PEG | 7.37 | Price / book | — | Beta | 1.59 | Dividend yield | 2.19% |
| Revenue growth | 5.0% | Earnings growth | -97.8% | Gross margin | 49.6% | Operating margin | 9.8% |
| Profit margin | 3.6% | ROE | 0.6% | ROA | 1.0% | Debt / equity | 1.22 |
| Current ratio | 5.34 | Free cash flow | $445.74M | Analyst recommendation | hold | Mean target | $39.92 |
| 52w high | $41.60 | 52w low | $24.57 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $462M | $459M | $454M | $454M | $441M | — |
| Op margin | 6.1% | 11.3% | 14.6% | 12.6% | 15.1% | — |
| Net income | $32.0M | -$7.3M | $16.1M | $27.1M | $759M | — |
| Gross margin | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Operating income | $28.3M | $51.7M | $66.2M | $57.3M | $66.5M | — |
- Revenue +1% vs prior quarter ($462M vs $459M).
- Operating margin compressed to 6.1%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $1.8B | $1.8B | $1.8B | $1.8B | — |
| Op margin | 15.0% | 14.8% | 16.6% | 16.0% | — |
| Net income | $905M | $70.4M | $105M | -$346M | — |
| Gross margin | — | — | 50.0% | 51.4% | — |
| Gross profit | — | — | $906M | $926M | $792M |
| Operating income | $272M | $264M | $301M | $288M | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-09-28 · Vornado Realty Trust (VNO) Could Be 14% Undervalued Following Its September Conference Appearance
2026-09-28 · On Signs 85K SF HQ Lease as Vornado’s Penn District Heats Up
2026-09-18 · REXR Advances Portfolio Realignment With $1.2B Asset Sale
2026-09-18 · Truist Cuts Price Target on Vornado Realty Trust to $35 From $39, Keeps Hold Rating
2026-09-10 · SL Green to Sell 110 Greene Street in SoHo for $226 million
2026-09-10 · VNO vs. PSA: Which Stock Is the Better Value Option?
2026-09-10 · Down 11.6% in 4 Weeks, Here's Why You Should You Buy the Dip in Vornado (VNO)
2026-09-08 · Gusto Doubles Penn 1 Office Footprint to 76K SF
2026-09-02 · Why Is Vornado (VNO) Down 10.4% Since Last Earnings Report?
2026-08-19 · The Dividend Winners and Losers From 5% Treasury Yields
2026-08-18 · Ken Griffin Threatened to Walk Away From NYC Amid a Feud With Mamdani. Citadel Just Committed $4.5 Billion Instead
2026-08-16 · How Vornado’s 350 Park Avenue Mega-Joint Venture Could Reframe Vornado Realty Trust (VNO) Investors’ Risk Calculus
Price (daily)
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