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Vornado Realty Trust Stock Research

VNO

23.91USD-1.29(-5.12%)Delayedas of 21 Sep 2023, 11:28 am
Watchlist

Market Summary

USD23.91-1.29
Delayedas of 21 Sep 2023, 11:28 am
-5.12%

VNO Stock Price

VNO RSI Chart

VNO Valuation

Market Cap

4.8B

Price/Earnings (Trailing)

-12.91

Price/Sales (Trailing)

2.63

EV/EBITDA

9.64

Price/Free Cashflow

6.46

VNO Price/Sales (Trailing)

VNO Profitability

EBT Margin

-22.50%

Return on Equity

-6.46%

Return on Assets

-2.26%

Free Cashflow Yield

15.47%

VNO Fundamentals

VNO Revenue

Revenue (TTM)

1.8B

Revenue Y/Y

4.16%

Revenue Q/Q

5.93%

VNO Earnings

Earnings (TTM)

-371.9M

Earnings Y/Y

-6.13%

Earnings Q/Q

199.11%

Price Action

52 Week Range

12.3126.76
(Low)(High)

Last 7 days

2.8%

Last 30 days

19.7%

Last 90 days

66.0%

Trailing 12 Months

-1.2%

VNO Financial Health

VNO Investor Care

Dividend Yield

5.69%

Dividend/Share (TTM)

1.44

Buy Backs (1Y)

0.63%

Diluted EPS (TTM)

-2.26

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for VNO

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-05-26
WIGHT RUSSELL B JR
bought
22,400
11.2
2,000
-
2023-05-25
WIGHT RUSSELL B JR
bought
37,552
11.2398
3,341
-
2023-05-25
WIGHT RUSSELL B JR
bought
22,800
11.4
2,000
-
2023-05-23
WIGHT RUSSELL B JR
bought
23,030
11.515
2,000
-
2023-05-18
Beinecke Candace K
acquired
-
-
9,095
-
2023-05-17
WIGHT RUSSELL B JR
bought
21,972
10.9862
2,000
-
2023-05-17
WIGHT RUSSELL B JR
bought
18,544
9.27235
2,000
-
2023-05-16
WIGHT RUSSELL B JR
bought
11,500
11.5
1,000
-
2023-05-16
WIGHT RUSSELL B JR
bought
11,150
11.15
1,000
-
2023-05-16
WIGHT RUSSELL B JR
bought
44,200
11.05
4,000
-

1–10 of 32

Which funds bought or sold VNO recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-12
Farther Finance Advisors, LLC
added
9.27
1,153
5,134
-%
2023-09-05
Covenant Partners, LLC
sold off
-100
-164,321
-
-%
2023-08-23
WOLVERINE TRADING, LLC
reduced
-28.43
-124,643
573,357
-%
2023-08-22
COMERICA BANK
new
-
3,000
3,000
-%
2023-08-22
COMERICA BANK
new
-
3,000
3,000
-%
2023-08-21
OSAIC HOLDINGS, INC.
added
6.74
430,230
2,084,760
-%
2023-08-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-2.8
477,719
3,724,120
-%
2023-08-21
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
added
10.28
120,000
513,000
-%
2023-08-16
GTS SECURITIES LLC
new
-
1,211,680
1,211,680
0.04%
2023-08-16
Nuveen Asset Management, LLC
added
1.51
1,047,640
6,338,640
-%

1–10 of 40

Latest Funds Activity

Are funds buying VNO calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own VNO
No. of Funds

Schedule 13G FIlings of Vornado Realty Trust

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Aug 22, 2023
interstate properties
1.8%
3,519,032
SC 13D/A
Feb 14, 2023
putnam investments llc
5.1%
9,759,379
SC 13G
Feb 09, 2023
blackrock inc.
10.6%
20,411,962
SC 13G/A
Feb 09, 2023
vanguard group inc
14.40%
27,631,207
SC 13G/A
Feb 03, 2023
blackrock inc.
8.2%
15,723,834
SC 13G/A
Jan 31, 2023
state street corp
7.13%
13,669,083
SC 13G/A
Feb 14, 2022
state street corp
6.37%
12,219,359
SC 13G/A
Feb 10, 2022
vanguard group inc
14.42%
27,643,775
SC 13G/A
Feb 01, 2022
blackrock inc.
8.7%
16,649,268
SC 13G/A
Feb 11, 2021
state street corp
5.47%
10,461,064
SC 13G

Recent SEC filings of Vornado Realty Trust

View All Filings
Date Filed Form Type Document
Aug 23, 2023
SC 13D/A
13D - Major Acquisition
Aug 22, 2023
SC 13D/A
13D - Major Acquisition
Jul 31, 2023
8-K
Current Report
Jul 31, 2023
10-Q
Quarterly Report
Jul 03, 2023
8-K
Current Report
Jul 03, 2023
4
Insider Trading
Jul 03, 2023
4
Insider Trading
Jul 03, 2023
4
Insider Trading
Jul 03, 2023
4
Insider Trading
Jul 03, 2023
4
Insider Trading

VNO Fair Value

Loading...

Peers (Alternatives to Vornado Realty Trust)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
48.1B
4.4B
-0.64% -17.74%
11.24
10.95
14.80% 87.79%
38.3B
5.1B
5.88% 19.36%
89.57
7.47
13.73% -68.04%
23.7B
2.0B
-0.94% -9.83%
28.39
11.73
-22.97% -33.54%
20.0B
2.7B
-1.78% -21.80%
26.64
7.46
15.16% 88.51%
11.4B
1.8B
-1.65% -8.89%
28.27
6.5
6.75% -42.80%
MID-CAP
8.0B
1.1B
1.83% 2.50%
20.52
7.18
8.31% 38.10%
4.9B
820.5M
3.48% 19.66%
174.46
5.97
29.95% 125.56%
4.8B
1.8B
19.66% -1.21%
-12.91
2.63
5.60% -286.96%
2.6B
866.2M
4.87% 36.72%
-29.3
2.95
0.51% -335.26%
SMALL-CAP
2.7B
882.0M
26.74% -0.07%
-6.14
3.08
11.76% -239.94%
2.4B
426.3M
-1.04% 52.78%
25.4
5.64
1.38% 137.97%
1.1B
732.3M
9.89% -25.11%
-13.31
1.55
-0.03% -4012.90%
1.0B
339.3M
-9.41% -15.44%
-5.79
3.02
88.48% -168.70%

Vornado Realty Trust News

MarketBeat
Macquarie Group Ltd. Trims Stock Holdings in Vornado Realty Trust ....
MarketBeat,
7 hours ago
InvestorsObserver
The Wall Street Journal
U.S. Stock Movers.
The Wall Street Journal,
2 days ago
London South East
Kalkine Media
InvestorsObserver

Returns for VNO

Cumulative Returns on VNO

-5.1%


10-Year Cumulative Returns

-11.6%


7-Year Cumulative Returns

-15.4%


5-Year Cumulative Returns

-6.6%


3-Year Cumulative Returns

Risks for VNO

What is the probability of a big loss on VNO?

54.2%


Probability that Vornado Realty Trust stock will be more than 20% underwater in next one year

46.5%


Probability that Vornado Realty Trust stock will be more than 30% underwater in next one year.

41.1%


Probability that Vornado Realty Trust stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does VNO drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Vornado Realty Trust was unfortunately bought at previous high price.

Drawdowns

Financials for Vornado Realty Trust

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue1.0%1,8231,8041,8001,7741,7261,6511,5891,5451,4991,4631,5281,3121,3123,5663,3344,0393,8941,4021,4041,3961,706
Operating Expenses0.2%1,5451,5411,5341,4971,4611,4081,3681,6061,5961,5211,5511,3081,3261,5621,6251,6701,6971,6061,5811,5491,530
  S&GA Expenses5.6%142134134136133132135162168173182160161165170163162157142144146
EBITDA-100.0%-3793969188888487985215862961855758653,7504,1404,1173,9951,4671,2181,2961,097
EBITDA Margin-100.0%-0.21*0.22*0.52*2.58*3.15*3.84*0.33*0.39*0.20*0.14*0.44*0.66*1.05*1.24*1.02*1.03*1.05*0.87*0.93*0.64*
Interest Expenses6.3%309291252221203185189183196206210221226252284294321313312327319
Earnings Before Taxes-1.3%-411-405-360199222229197-55.49-9.36-304-425-31.172643,1033,4383,3843,218699460421238
EBT Margin100.0%--0.23*-0.20*0.11*0.64*0.85*0.95*-0.04*-0.01*-0.21*-0.32*-0.02*0.20*0.87*1.03*0.84*0.83*0.50*0.33*0.30*0.14*
Net Income-1.1%-371-367-346159199197176-46.39-44.22-293-29791.003612,9593,1353,0432,89859738531292.00
Net Income Margin100.0%--0.20*-0.19*0.09*0.58*0.73*0.85*-0.03*-0.03*-0.20*-0.23*0.07*0.28*0.83*0.94*0.75*0.75*0.44*0.31*0.26*0.09*
Free Cashflow-100.0%-720799844720709762711629597424456637650663713854601803687785
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets1.0%16,43816,27216,49317,17617,15217,49217,26717,48916,65716,14516,22217,56318,04218,21018,28718,21617,91417,63817,18116,67816,866
    Cash Equivalents27.2%1,1348918908459889741,7602,1292,1721,6361,6241,4111,7681,5871,5151,1329233077177731,091
Liabilities0.5%9,9639,9099,98010,0019,99610,30710,06310,2189,3398,6578,6679,98310,39510,29310,0879,6529,55611,68011,28910,71610,984
Shareholder's Equity-3.3%5,7355,9335,8406,4386,6516,4386,5156,5806,5686,7536,9486,8866,9297,2937,3117,7107,4965,0915,1085,0384,944
  Retained Earnings0.6%-3,938-3,961-3,894-3,299-3,205-3,154-3,079-2,989-2,925-2,871-2,774-2,463-2,415-2,091-1,954-1,649-1,845-4,120-4,167-4,135-4,206
  Additional Paid-In Capital-0.4%8,3318,3678,3698,3628,3398,0988,1438,1388,0698,0808,1938,1248,0968,1137,8287,8737,8467,6777,7267,5807,556
Shares Outstanding-0.7%191192192192192192192192192191191191191191191191191191191190190
Minority Interest7.7%260241237253254253279286286415415417432456579635636647643660662
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations3.2%743720799844720709762711629597424456637650663713854601803687785
  Share Based Compensation21.7%34.0028.0029.0028.0030.0030.0038.0042.0043.0044.0049.0046.0045.0048.0054.0054.0053.0050.0032.0035.0041.00
Cashflow From Investing-387.7%-38.6313.00-906-989-1,064-1,270-532-603-147-45.00-87.803582261,9612,4632,0031,491-283-877-804-209
Cashflow From Financing39.5%-508-840-801-1,145-855-52.55-29.48671-28.04-463-213-569-76.68-1,852-2,235-2,389-2,479-825-1,122-348-921
  Dividend Payments-27.0%275377407406406406406406406430827852877876504498492485479473467
  Buy Backs-93.00--------------------

VNO Income Statement

2023-06-30
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
REVENUES:    
Total revenues$ 472,359$ 453,494$ 918,282$ 895,624
EXPENSES:    
Operating(222,723)(222,309)(451,496)(438,838)
Depreciation and amortization(107,162)(118,662)(213,727)(236,105)
General and administrative(39,410)(31,902)(81,005)(73,118)
(Expense) benefit from deferred compensation plan liability(2,182)7,594(5,910)9,538
Transaction related costs and other(30)(2,960)(688)(3,965)
Total expenses(371,507)(368,239)(752,826)(742,488)
Income from partially owned entities37,27225,72053,93859,434
(Loss) income from real estate fund investments(102)(142)(121)5,532
Interest and other investment income, net13,2553,03622,8584,054
Income (loss) from deferred compensation plan assets2,182(7,594)5,910(9,538)
Interest and debt expense(87,165)(62,640)(173,402)(114,749)
Net gains on disposition of wholly owned and partially owned assets93628,8328,45635,384
Income before income taxes67,23072,46783,095133,253
Income tax expense(4,497)(3,564)(9,164)(10,975)
Net income62,73368,90373,931122,278
Less net loss (income) attributable to noncontrolling interests in:    
Consolidated subsidiaries2,78182612,709(8,548)
Operating Partnership(3,608)(3,782)(4,037)(5,776)
Net income attributable to Vornado / Vornado Realty L.P.61,90665,94782,603107,954
Preferred share dividends / unit distributions(15,529)(15,529)(31,058)(31,058)
NET INCOME attributable to common shareholders / Class A unitholders$ 46,377$ 50,418$ 51,545$ 76,896
INCOME PER COMMON SHARE - BASIC:    
Net income per common share(in dollars per share)$ 0.24$ 0.26$ 0.27$ 0.40
Weighted average shares outstanding, basic (in shares)191,468191,750191,668191,737
INCOME PER COMMON SHARE - DILUTED:    
Net income per common share (in dollars per share)$ 0.24$ 0.26$ 0.27$ 0.40
Weighted average shares outstanding, diluted (in shares)194,804192,039194,364192,047
Rental revenues    
REVENUES:    
Total revenues$ 418,834$ 405,194$ 815,627$ 802,477
Fee and other income    
REVENUES:    
Total revenues$ 53,525$ 48,300$ 102,655$ 93,147

VNO Balance Sheet

2023-06-30
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Real estate, at cost:  
Land$ 2,457,589$ 2,451,828
Buildings and improvements9,839,5569,804,204
Development costs and construction in progress1,177,290933,334
Leasehold improvements and equipment127,319125,389
Total13,601,75413,314,755
Less accumulated depreciation and amortization(3,625,270)(3,470,991)
Real estate, net9,976,4849,843,764
Right-of-use assets685,536684,380
Cash and cash equivalents1,133,693889,689
Restricted cash178,440131,468
Investments in U.S. Treasury bills0471,962
Tenant and other receivables87,55181,170
Investments in partially owned entities2,641,2972,665,073
220 Central Park South condominium units ready for sale39,09843,599
Receivable arising from the straight-lining of rents693,220694,972
Deferred leasing costs, net of accumulated amortization of $249,974 and $237,395359,752373,555
Identified intangible assets, net of accumulated amortization of $103,094 and $98,139134,683139,638
Other assets508,085474,105
Assets16,437,83916,493,375
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY  
Mortgages payable, net5,715,1385,829,018
Senior unsecured notes, net1,192,8531,191,832
Unsecured term loan, net793,864793,193
Unsecured revolving credit facilities575,000575,000
Lease liabilities744,696735,969
Accounts payable and accrued expenses504,295450,881
Deferred revenue35,88439,882
Deferred compensation plan99,05096,322
Other liabilities302,233268,166
Total liabilities9,963,0139,980,263
Commitments and contingencies
Redeemable noncontrolling interests:  
Total redeemable noncontrolling interests480,296436,732
Shareholders' equity:  
Preferred shares of beneficial interest: no par value per share; authorized 110,000,000 shares; issued and outstanding 48,792,902 shares1,182,4591,182,459
Common shares of beneficial interest: $0.04 par value per share; authorized 250,000,000 shares; issued and outstanding 190,543,866 and 191,866,880 shares7,6017,654
Additional capital8,331,2288,369,228
Earnings less than distributions(3,938,202)(3,894,580)
Accumulated other comprehensive income151,771174,967
Total shareholders' / partners' equity5,734,8575,839,728
Noncontrolling interests in consolidated subsidiaries259,673236,652
Total equity5,994,5306,076,380
Total liabilities, redeemable noncontrolling interests / partnership units and equity16,437,83916,493,375
Partnership Interest  
Redeemable noncontrolling interests:  
Class A units - 17,024,444 and 14,416,891 units outstanding406,741345,157
Series D cumulative redeemable preferred units - 141,400 units outstanding3,5353,535
Total redeemable noncontrolling interests410,276348,692
Subsidiary  
Redeemable noncontrolling interests:  
Total redeemable noncontrolling interests$ 70,020$ 88,040
Steven Roth
3220
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 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2019. In 2012, Vornado commemorated 50 years on the NYSE.