Market Summary
USD15.30-0.77
Market Closed-4.79%
VNO Stock Price
VNO RSI Chart
VNO Valuation
VNO Price/Sales (Trailing)
VNO Profitability
VNO Fundamentals
VNO Revenue
VNO Earnings
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
Peers (Alternatives to Vornado Realty Trust)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
PSA | 51.7B | 4.2B | -4.61% | -14.88% | 11.88 | 12.36 | 22.43% | 122.66% |
DLR | 30.0B | 4.7B | -6.82% | -21.36% | 79.47 | 6.4 | 5.96% | -77.90% |
EQR | 22.3B | 2.7B | -9.31% | -29.65% | 28.69 | 8.21 | 11.91% | -41.71% |
ARE | 21.2B | 2.6B | -23.98% | -31.95% | 40.62 | 8.18 | 22.46% | -8.68% |
KIM | 13.2B | 1.7B | -4.07% | -13.87% | 104.43 | 7.61 | 26.61% | -85.07% |
| MID-CAP | ||||||||
FRT | 7.7B | 1.1B | -13.38% | -14.77% | 20.08 | 7.2 | 12.95% | 47.42% |
KRG | 4.3B | 802.0M | -9.03% | -5.22% | -341.02 | 5.37 | 114.83% | 84.36% |
VNO | 2.9B | 1.8B | -31.59% | -62.57% | -8.47 | 1.63 | 13.26% | -296.88% |
MAC | 2.1B | 859.2M | -25.44% | -29.31% | -31.63 | 2.43 | 1.38% | -563.21% |
| SMALL-CAP | ||||||||
SKT | 1.9B | 421.4M | -3.41% | 12.84% | 22.56 | 4.55 | 3.35% | 1705.32% |
SLG | 1.7B | 826.7M | -30.54% | -63.53% | -22.04 | 2.08 | -2.04% | -117.36% |
AIV | 1.0B | 190.3M | -7.76% | -1.93% | 11.27 | 5.46 | 12.08% | 1950.56% |
PGRE | 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) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 1.5% | 1,800 | 1,774 | 1,726 | 1,651 | 1,589 |
| Operating Expenses | 2.5% | 1,534 | 1,497 | 1,461 | 1,408 | 1,368 |
| S&GA Expenses | -2.0% | 134 | 136 | 133 | 132 | 135 |
| EBITDA | -56.9% | 396 | 918 | 888 | 848 | 798 |
| EBITDA Margin | -57.5% | 0.22* | 0.52* | 2.58* | 3.15* | 3.84* |
| Earnings Before Taxes | -281.3% | -360 | 199 | 222 | 229 | 197 |
| EBT Margin | -278.7% | -0.20* | 0.11* | 0.64* | 0.85* | 0.95* |
| Interest Expenses | 13.9% | 252 | 221 | 203 | 185 | 189 |
| Net Income | -318.4% | -346 | 159 | 199 | 197 | 176 |
| Net Income Margin | -315.2% | -0.19* | 0.09* | 0.58* | 0.73* | 0.85* |
| Free Cahsflow | -5.3% | 799 | 844 | 720 | 709 | 762 |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | -4.0% | 16,493 | 17,176 | 17,152 | 17,492 | 17,267 |
| Cash Equivalents | 5.2% | 890 | 845 | 988 | 974 | 1,760 |
| Liabilities | -0.2% | 9,980 | 10,001 | 9,996 | 10,307 | 10,063 |
| Shareholder's Equity | -9.3% | 5,840 | 6,438 | 6,651 | 6,438 | 6,236 |
| Retained Earnings | -18.0% | -3,894 | -3,299 | -3,205 | -3,154 | -3,079 |
| Additional Paid-In Capital | 0.1% | 8,369 | 8,362 | 8,339 | 8,098 | 8,143 |
| Shares Outstanding | 0.0% | 192 | 192 | 192 | 192 | 192 |
| Minority Interest | -6.5% | 237 | 253 | 254 | 253 | 279 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | -5.3% | 799 | 844 | 720 | 709 | 762 |
| Share Based Compensation | 3.3% | 29.00 | 28.00 | 30.00 | 30.00 | 38.00 |
| Cashflow From Investing | 8.3% | -906 | -989 | -1,064 | -1,270 | -532 |
| Cashflow From Financing | 30.0% | -801 | -1,145 | -855 | -52.55 | -29.48 |
| Dividend Payments | 0.0% | 407 | 406 | 406 | 406 | 406 |
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 ascending | Fund Name | Type | % 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 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Vornado Realty Trust News
Schedule 13G FIlings of Vornado Realty Trust
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form 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 Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very 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 ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
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 |
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
2022-09-30Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 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 liability | 600 | (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 entities | 24,341 | 26,269 | 83,775 | 86,768 |
| (Loss) income from real estate fund investments | (111) | (66) | 5,421 | 5,107 |
| Interest and other investment income, net | 5,228 | 633 | 9,282 | 3,694 |
| (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 assets | 0 | 10,087 | 35,384 | 35,811 |
| Income before income taxes | 23,823 | 46,389 | 157,076 | 155,039 |
| Income tax (expense) benefit | (3,711) | 25,376 | (14,686) | 20,551 |
| Net income | 20,112 | 71,765 | 142,390 | 175,590 |
| Less net (income) loss attributable to noncontrolling interests / consolidated subsidiaries in: | ||||
| Consolidated subsidiaries | 3,792 | (5,425) | (4,756) | (20,323) |
| Operating Partnership | (606) | (2,818) | (6,382) | (6,683) |
| Net income attributable to Vornado / Vornado Realty L.P. | 23,298 | 63,522 | 131,252 | 148,584 |
| Preferred share dividends / unit distributions | (15,529) | (16,800) | (46,587) | (49,734) |
| Series K preferred share / unit issuance costs | 0 | (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) | 191,793 | 191,577 | 191,756 | 191,508 |
| 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) | 192,018 | 192,041 | 192,042 | 192,151 |
| 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
2022-09-30Consolidated 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 improvements | 10,015,452 | 9,839,166 |
| Development costs and construction in progress | 802,272 | 718,694 |
| Leasehold improvements and equipment | 122,948 | 119,792 |
| Total | 13,418,628 | 13,217,845 |
| Less accumulated depreciation and amortization | (3,606,986) | (3,376,347) |
| Real estate, net | 9,811,642 | 9,841,498 |
| Right-of-use assets | 685,298 | 337,197 |
| Cash and cash equivalents | 845,423 | 1,760,225 |
| Restricted cash | 131,625 | 170,126 |
| Investments in U.S. Treasury bills | 445,165 | 0 |
| Tenant and other receivables | 81,004 | 79,661 |
| Investments in partially owned entities | 3,250,197 | 3,297,389 |
| Real estate fund investments | 930 | 7,730 |
| 220 Central Park South condominium units ready for sale | 78,590 | 57,142 |
| Receivable arising from the straight-lining of rents | 692,733 | 656,318 |
| Deferred leasing costs, net of accumulated amortization of $233,001 and $211,775 | 380,221 | 391,693 |
| Identified intangible assets, net of accumulated amortization of $95,661 and $97,186 | 142,116 | 154,895 |
| Other assets | 630,730 | 512,714 |
| Assets | 17,175,674 | 17,266,588 |
| LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY | ||
| Mortgages payable, net | 5,831,769 | 6,053,343 |
| Senior unsecured notes, net | 1,191,322 | 1,189,792 |
| Unsecured term loan, net | 792,847 | 797,812 |
| Unsecured revolving credit facilities | 575,000 | 575,000 |
| Lease liabilities | 731,674 | 370,206 |
| Accounts payable and accrued expenses | 475,151 | 613,497 |
| Deferred revenue | 41,879 | 48,118 |
| Deferred compensation plan | 95,681 | 110,174 |
| Other liabilities | 265,775 | 304,725 |
| Total liabilities | 10,001,098 | 10,062,667 |
| Commitments and contingencies | ||
| Redeemable noncontrolling interests: | ||
| Total redeemable noncontrolling interests | 483,302 | 688,683 |
| Shareholders' equity: | ||
| Preferred shares of beneficial interest: no par value per share; authorized 110,000,000 shares; issued and outstanding 48,792,902 shares | 1,182,459 | 1,182,459 |
| 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 shares | 7,652 | 7,648 |
| Additional capital | 8,362,387 | 8,143,093 |
| Earnings less than distributions | (3,299,630) | (3,079,320) |
| Accumulated other comprehensive income (loss) | 185,178 | (17,534) |
| Total Vornado shareholders' / partners equity | 6,438,046 | 6,236,346 |
| Noncontrolling interests in consolidated subsidiaries | 253,228 | 278,892 |
| Total equity | 6,691,274 | 6,515,238 |
| Total liabilities, redeemable noncontrolling interests / partnership units and equity | 17,175,674 | 17,266,588 |
| Partnership Interest | ||
| Redeemable noncontrolling interests: | ||
| Class A units - 14,253,759 and 14,033,438 units outstanding | 390,539 | 587,440 |
| Series D cumulative redeemable preferred units - 141,400 units outstanding | 3,535 | 3,535 |
| Total redeemable noncontrolling interests | 394,074 | 590,975 |
| Subsidiary | ||
| Redeemable noncontrolling interests: | ||
| Total redeemable noncontrolling interests | $ 89,228 | $ 97,708 |