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Vornado Realty Trust Stock Research

VNO

15.30USD-0.77(-4.79%)Market Closed

Market Summary

USD15.30-0.77
Market Closed
-4.79%

VNO Alerts

VNO Stock Price

VNO RSI Chart

VNO Valuation

Market Cap

2.9B

Price/Earnings (Trailing)

-8.47

Price/Sales (Trailing)

1.63

EV/EBITDA

5.17

Price/Free Cashflow

3.67

VNO Price/Sales (Trailing)

VNO Profitability

EBT Margin

-20.05%

Return on Equity

-5.93%

Return on Assets

-2.1%

Free Cashflow Yield

27.22%

VNO Fundamentals

VNO Revenue

Revenue (TTM)

1.8B

Revenue Y/Y

6.14%

Revenue Q/Q

-2.29%

VNO Earnings

Earnings (TTM)

-346.5M

Earnings Y/Y

-1.8K%

Earnings Q/Q

-2.2K%

Price Action

52 Week Range

14.8644.55
(Low)(High)

Last 7 days

-14.3%

Last 30 days

-31.6%

Last 90 days

-28.9%

Trailing 12 Months

-62.6%

VNO Financial Health

VNO Investor Care

Dividend Yield

13.86%

Dividend/Share (TTM)

2.12

Shares Dilution (1Y)

0.07%

Diluted EPS (TTM)

-2.13

Peers (Alternatives to Vornado Realty Trust)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
51.7B
4.2B
-4.61% -14.88%
11.88
12.36
22.43% 122.66%
30.0B
4.7B
-6.82% -21.36%
79.47
6.4
5.96% -77.90%
22.3B
2.7B
-9.31% -29.65%
28.69
8.21
11.91% -41.71%
21.2B
2.6B
-23.98% -31.95%
40.62
8.18
22.46% -8.68%
13.2B
1.7B
-4.07% -13.87%
104.43
7.61
26.61% -85.07%
MID-CAP
7.7B
1.1B
-13.38% -14.77%
20.08
7.2
12.95% 47.42%
4.3B
802.0M
-9.03% -5.22%
-341.02
5.37
114.83% 84.36%
2.9B
1.8B
-31.59% -62.57%
-8.47
1.63
13.26% -296.88%
2.1B
859.2M
-25.44% -29.31%
-31.63
2.43
1.38% -563.21%
SMALL-CAP
1.9B
421.4M
-3.41% 12.84%
22.56
4.55
3.35% 1705.32%
1.7B
826.7M
-30.54% -63.53%
-22.04
2.08
-2.04% -117.36%
1.0B
190.3M
-7.76% -1.93%
11.27
5.46
12.08% 1950.56%
983.2M
740.4M
-22.73% -54.50%
-27.01
1.33
1.87% -78.85%

Financials for Vornado Realty Trust

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue1.5%1,8001,7741,7261,6511,589
Operating Expenses2.5%1,5341,4971,4611,4081,368
  S&GA Expenses-2.0%134136133132135
EBITDA-56.9%396918888848798
EBITDA Margin-57.5%0.22*0.52*2.58*3.15*3.84*
Earnings Before Taxes-281.3%-360199222229197
EBT Margin-278.7%-0.20*0.11*0.64*0.85*0.95*
Interest Expenses13.9%252221203185189
Net Income-318.4%-346159199197176
Net Income Margin-315.2%-0.19*0.09*0.58*0.73*0.85*
Free Cahsflow-5.3%799844720709762
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-4.0%16,49317,17617,15217,49217,267
    Cash Equivalents5.2%8908459889741,760
Liabilities-0.2%9,98010,0019,99610,30710,063
Shareholder's Equity-9.3%5,8406,4386,6516,4386,236
  Retained Earnings-18.0%-3,894-3,299-3,205-3,154-3,079
  Additional Paid-In Capital0.1%8,3698,3628,3398,0988,143
Shares Outstanding0.0%192192192192192
Minority Interest-6.5%237253254253279
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-5.3%799844720709762
  Share Based Compensation3.3%29.0028.0030.0030.0038.00
Cashflow From Investing8.3%-906-989-1,064-1,270-532
Cashflow From Financing30.0%-801-1,145-855-52.55-29.48
  Dividend Payments0.0%407406406406406

Risks for VNO

What is the probability of a big loss on VNO?

43.9%


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

36.1%


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

30.8%


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

Returns for VNO

Cumulative Returns on VNO

-8.8%


10-Year Cumulative Returns

-15.9%


7-Year Cumulative Returns

-21.2%


5-Year Cumulative Returns

-24.5%


3-Year Cumulative Returns

What are the long-term rolling returns for VNO?

FIve years rolling returns for Vornado Realty Trust.

Annualized Returns

Which funds bought or sold VNO recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
14.44
158,242
5,767,240
0.01%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-34.23
-114,000
166,000
-%
2023-02-28
Voya Investment Management LLC
added
3.46
-92,999
1,225,000
-%
2023-02-27
Parallax Volatility Advisers, L.P.
added
11.85
2,442
590,442
-%
2023-02-24
NATIXIS
reduced
-72.28
-9,164,950
3,057,050
0.02%
2023-02-24
SRS Capital Advisors, Inc.
new
-
4,079
4,079
-%
2023-02-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
added
37.00
78,000
416,000
-%
2023-02-22
CVA Family Office, LLC
added
37.5
867
6,867
-%
2023-02-21
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
reduced
-23.41
-22,335
47,665
-%
2023-02-21
NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC
reduced
-15.63
-33,951
105,049
-%

1–10 of 41

Latest Funds Activity

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

Vornado Realty Trust News

DirectorsTalk Interviews

Vornado Realty Trust with 9.25% dividend yield - Consensus ....

DirectorsTalk Interviews,
12 hours ago

London South East

Nasdaq

London South East

InvestorsObserver

Schedule 13G FIlings of Vornado Realty Trust

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
Feb 10, 2021
vanguard group inc
13.75%
26,300,130
SC 13G/A

VNO Fair Value

Vornado Realty Trust fair value in different scenarios

The table shows the Fair Value estimates for Vornado Realty Trust for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

21.49

40.46%

26.57

73.66%

54.96

259.22%

76.91

402.68%

100.17

554.71%
Current Inflation

20.89

36.54%

25.64

67.58%

50.28

228.63%

69.16

352.03%

89.07

482.16%
Very High Inflation

20.09

31.31%

24.43

59.67%

44.62

191.63%

59.97

291.96%

76.03

396.93%

Historical Vornado Realty Trust Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Vornado Realty Trust

View All Filings
Date Filed Form Type Document
Feb 16, 2023
4
Insider Trading
Feb 14, 2023
SC 13G
Major Ownership Report
Feb 13, 2023
10-K
Annual Report
Feb 13, 2023
8-K
Current Report
Feb 10, 2023
SC 13G
Major Ownership Report
Feb 09, 2023
SC 13G/A
Major Ownership Report
Feb 09, 2023
SC 13G/A
Major Ownership Report
Feb 03, 2023
SC 13G/A
Major Ownership Report
Jan 31, 2023
8-K
Current Report
Jan 31, 2023
SC 13G/A
Major Ownership Report

Latest Insider Trading transactions for VNO

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-05-04
Beinecke Candace K
acquired
-
-
5,262
-
2022-04-13
Fascitelli Michael D
sold
-4,998,910
41.9724
-119,100
-
2021-11-29
MANDELBAUM DAVID
gifted
-
-
-140,000
-
2020-05-14
Beinecke Candace K
acquired
-
-
2,322
-
2020-03-10
Helman William W
bought
497,113
48.7366
10,200
-
2020-01-14
Langer Barry
acquired
217,530
51.1233
4,255
evp - dev. co-head of r.e.
2020-01-14
Langer Barry
sold
-283,434
66.6121
-4,255
evp - dev. co-head of r.e.
2019-07-31
Weiss Glen J.
sold
-256,859
64.57
-3,978
evp- off leasing co- head r.e.
2019-07-09
Weiss Glen J.
sold
-39,504
65.84
-600
evp- off leasing co- head r.e.
2019-06-21
MACNOW JOSEPH
gifted
-
-
-372
evp - finance, chief admin. of

1–10 of 16

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.

VNO Income Statement

2022-09-30
Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUES:    
Revenues$ 457,431$ 409,212$ 1,353,055$ 1,168,130
EXPENSES:    
Operating(221,596)(212,699)(660,434)(594,598)
Depreciation and amortization(134,526)(100,867)(370,631)(285,998)
General and administrative(29,174)(25,553)(102,292)(100,341)
Benefit (expense) from deferred compensation plan liability600(799)10,138(7,422)
Transaction related costs and other(996)(9,681)(4,961)(10,630)
Total expenses(385,692)(349,599)(1,128,180)(998,989)
Income from partially owned entities24,34126,26983,77586,768
(Loss) income from real estate fund investments(111)(66)5,4215,107
Interest and other investment income, net5,2286339,2823,694
(Loss) income from deferred compensation plan assets(600)799(10,138)7,422
Interest and debt expense(76,774)(50,946)(191,523)(152,904)
Net gains on disposition of wholly owned and partially owned assets010,08735,38435,811
Income before income taxes23,82346,389157,076155,039
Income tax (expense) benefit(3,711)25,376(14,686)20,551
Net income20,11271,765142,390175,590
Less net (income) loss attributable to noncontrolling interests / consolidated subsidiaries in:    
Consolidated subsidiaries3,792(5,425)(4,756)(20,323)
Operating Partnership(606)(2,818)(6,382)(6,683)
Net income attributable to Vornado / Vornado Realty L.P.23,29863,522131,252148,584
Preferred share dividends / unit distributions(15,529)(16,800)(46,587)(49,734)
Series K preferred share / unit issuance costs0(9,033)0(9,033)
NET INCOME attributable to common shareholders / Class A unitholders$ 7,769$ 37,689$ 84,665$ 89,817
INCOME PER COMMON SHARE - BASIC:    
Net income per common share (in dollars per share)$ 0.04$ 0.20$ 0.44$ 0.47
Weighted average shares outstanding, basic (in shares)191,793191,577191,756191,508
INCOME PER COMMON SHARE - DILUTED:    
Net income per common share (in dollars per share)$ 0.04$ 0.20$ 0.44$ 0.47
Weighted average shares outstanding, diluted (in shares)192,018192,041192,042192,151
Rental revenues    
REVENUES:    
Revenues$ 409,144$ 369,203$ 1,211,621$ 1,048,116
Fee and other income    
REVENUES:    
Revenues$ 48,287$ 40,009$ 141,434$ 120,014

VNO Balance Sheet

2022-09-30
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Real estate, at cost:  
Land$ 2,477,956$ 2,540,193
Buildings and improvements10,015,4529,839,166
Development costs and construction in progress802,272718,694
Leasehold improvements and equipment122,948119,792
Total13,418,62813,217,845
Less accumulated depreciation and amortization(3,606,986)(3,376,347)
Real estate, net9,811,6429,841,498
Right-of-use assets685,298337,197
Cash and cash equivalents845,4231,760,225
Restricted cash131,625170,126
Investments in U.S. Treasury bills445,1650
Tenant and other receivables81,00479,661
Investments in partially owned entities3,250,1973,297,389
Real estate fund investments9307,730
220 Central Park South condominium units ready for sale78,59057,142
Receivable arising from the straight-lining of rents692,733656,318
Deferred leasing costs, net of accumulated amortization of $233,001 and $211,775380,221391,693
Identified intangible assets, net of accumulated amortization of $95,661 and $97,186142,116154,895
Other assets630,730512,714
Assets17,175,67417,266,588
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY  
Mortgages payable, net5,831,7696,053,343
Senior unsecured notes, net1,191,3221,189,792
Unsecured term loan, net792,847797,812
Unsecured revolving credit facilities575,000575,000
Lease liabilities731,674370,206
Accounts payable and accrued expenses475,151613,497
Deferred revenue41,87948,118
Deferred compensation plan95,681110,174
Other liabilities265,775304,725
Total liabilities10,001,09810,062,667
Commitments and contingencies
Redeemable noncontrolling interests:  
Total redeemable noncontrolling interests483,302688,683
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: $0.04 par value per share; authorized 250,000,000 shares; issued and outstanding 191,816,684 and 191,723,608 shares7,6527,648
Additional capital8,362,3878,143,093
Earnings less than distributions(3,299,630)(3,079,320)
Accumulated other comprehensive income (loss)185,178(17,534)
Total Vornado shareholders' / partners equity6,438,0466,236,346
Noncontrolling interests in consolidated subsidiaries253,228278,892
Total equity6,691,2746,515,238
Total liabilities, redeemable noncontrolling interests / partnership units and equity17,175,67417,266,588
Partnership Interest  
Redeemable noncontrolling interests:  
Class A units - 14,253,759 and 14,033,438 units outstanding390,539587,440
Series D cumulative redeemable preferred units - 141,400 units outstanding3,5353,535
Total redeemable noncontrolling interests394,074590,975
Subsidiary  
Redeemable noncontrolling interests:  
Total redeemable noncontrolling interests$ 89,228$ 97,708