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VNO

22.01USD-0.89(-3.89%)Market Closed

Vornado Realty Trust

Market Summary

USD22.01-0.89Market Closed
-3.89%

VNO Alerts

VNO Stock Price

RSI Chart

Valuation

Market Cap

4.6B

Price/Earnings

22.95

Price/Sales

13.26

Price/Cashflow

6.34

MarketCap/EBT

20.59

Price/Sales

Profitability

EBT Margin

64.39%

Return on Equity

3.11%

Return on Assets

1.16%

Fundamentals

Revenue

Revenue (TTM)

392.5M

Revenue Y/Y

11.78%

Revenue Q/Q

0.87%

Earnings

Earnings (TTM)

158.7M

Earnings Y/Y

-63.32%

Earnings Q/Q

-64.67%

Price Action

52 Week Range

19.5644.65
(Low)(High)

Last 7 days

-13.0%

Last 30 days

-4.8%

Last 90 days

-15.7%

Trailing 12 Months

-43.8%

Financial Health

Investor Care

Dividend Yield

8.91%

Dividend/Share (TTM)

2.12

Shares Dilution (1Y)

0.07%

Diluted EPS (TTM)

0.5

Peers (Alternatives to Vornado Realty Trust)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
54.7B
3.8B
4.05% -9.82%
24.01
14.3
23.77% 170.44%
36.1B
5.2B
2.33% -19.47%
14.04
7.05
10.93% 41.97%
29.1B
4.5B
11.66% -32.89%
21.77
6.46
5.62% 106.20%
23.9B
-
0.40% -26.92%
44.1
9.58
24.72% -42.18%
23.7B
2.7B
0.72% -26.09%
20.74
8.86
60.22% 8.14%
13.1B
1.7B
3.13% -3.30%
50.71
7.62
40.37% -73.28%
MID-CAP
7.3B
1.0B
1.56% -14.60%
26.1
7.17
14.39% 59.45%
4.6B
392.5M
-4.84% -43.84%
22.95
13.26
-74.80% 441.99%
4.3B
760.3M
4.55% 7.71%
-39.09
6.74
172.75% -1136.68%
2.5B
796.4M
-8.04% -48.19%
8.02
3.21
-9.94% -109.68%
2.4B
861.8M
3.76% -30.83%
63.8
2.74
9.59% 46.68%
2.1B
-
0.33% 22.89%
32.23
11.01
- -
SMALL-CAP
1.9B
432.4M
1.02% -4.14%
23.11
4.36
3.91% 1705.32%
1.5B
740.6M
-14.57% -34.08%
538.82
1.96
2.16% 107.41%
1.2B
195.1M
7.32% 4.54%
5
3.44
20.60% 695.00%

Financials for Vornado Realty Trust

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
RevenueNaN%nullnullnull2081,558
Operating Expenses2.5%1,4971,4611,4081,3681,606
  S&GA Expenses2.7%136133132135162
Earnings Before Taxes-10.2%199222229197-55.49
Net Income-20.2%159199197176-46.39
* denotes actual numbers (not divided by Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets0.1%17,17617,15217,49217,26717,489
    Cash Equivalents-14.5%8459889741,7602,129
Liabilities0.1%10,0019,99610,30710,06310,218
Shareholder's Equity0.6%6,4386,3976,1856,2366,294
  Retained Earnings-2.9%-3,299.63-3,205.75-3,154.55-3,079.32-2,989.00
  Additional Paid-In Capital0.3%8,3628,3398,0988,1438,138
Shares Outstanding0.0%192192192192192
Minority Interest-0.3%253254253279286
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations17.2%844720709762711
  Share Based Compensation-5.4%2830303842
Cashflow From Investing7.1%-989.45-1,064.76-1,270.44-532.35-603.85
Cashflow From Financing-33.8%-1,145.23-855.99-52.55-29.48671
  Dividend Payments0.0%406406406406406

Risks

What is the probability of a big loss on VNO?

39.6%


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

30.8%


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

25.4%


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.

Returns

Cumulative Returns on VNO

-5.0%


10-Year Cumulative Returns

-12.6%


7-Year Cumulative Returns

-17.4%


5-Year Cumulative Returns

-25.5%


3-Year Cumulative Returns

What are the long-term rolling returns for VNO?

FIve years rolling returns for Vornado Realty Trust.

Which funds bought or sold VNO recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-23
Eagle Bay Advisors LLC
UNCHANGED
-
-343
-
-%
2022-11-22
CVA Family Office, LLC
NEW
-
6,000
6,000
-%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
338,000
338,000
-%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
-
-
-1,604,000
6,474,000
0.01%
2022-11-21
Parallax Volatility Advisers, L.P.
ADDED
53.45
115,000
588,000
-%
2022-11-17
M&T Bank Corp
-
-
-140,000
454,000
-%
2022-11-16
Advisors Capital Management, LLC
NEW
-
14,458,000
14,458,000
0.39%
2022-11-16
Kentucky Retirement Systems
ADDED
6.76
-46,000
292,000
0.01%
2022-11-16
Neo Ivy Capital Management
ADDED
122.25
36,000
81,000
0.21%
2022-11-16
GLENMEDE TRUST CO NA
SOLD OFF
-100
-156,000
-
-%

1–10 of 44

Latest Funds Activity

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

Vornado Realty Trust News

24/7 Wall St.

7 Surprising Analyst Favorite Buy-Rated Stocks Pay Huge and Growing Dividends.67 minutes ago

VNO Fair Value

Recent SEC filings of Vornado Realty Trust

View All Filings
Date Filed Form Type Document
Nov 23, 2022
4
Insider Trading
Oct 31, 2022
8-K
Current Report
Oct 31, 2022
10-Q
Quarterly Report
Aug 24, 2022
4
Insider Trading

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