Vornado Realty Trust (vno)
VNO — Company Overview
Investors tracking VNO follow a REIT - Office name listed on NYQ within Real Estate.
| Ticker | VNO |
| Sector | Real Estate |
| Industry | REIT - Office |
| Exchange | NYQ |
| Market cap | $6.77B |
| Last price | $34.16 |
| Size category | Mid Cap |
VNO — Business Description
The business profile of Vornado Realty Trust (VNO) reflects its role in REIT - Office. Vornado Realty Trust is a fully integrated real estate investment trust with a 26 million square-foot portfolio of premier New York City office, retail and multifamily assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with 100% of our in-service office buildings LEED certified and over 95% certified LEED Gold or Platinum. Vornado Realty Trust was incorporated in 1946 in Maryland, USA.
Official website: https://www.vno.com.
VNO — Investment Thesis
Vornado Realty Trust (VNO) attracts investors weighing REIT - Office fundamentals against current market pricing.
- Revenue is expanding at roughly 5.0% year-over-year (public data).
- Trailing P/E of 1138.67× implies elevated growth expectations at the current price.
- Forward P/E (110.19×) is below trailing P/E — earnings may be expected to improve.
- Dividend yield near 2.1% adds an income component to total return.
- Equity market capitalization is approximately $6.77B.
See the free estimates and earnings pages for public targets and growth metrics. Ownership, live news, and deeper models remain in Vest Terminal.
VNO — Financial Health
VNO financial profile reflects operating efficiency and capital structure using available market fundamentals.
Profit margin near 3.6% leaves a narrower cushion versus higher-margin peers. Positive free cash flow of $445.74M supports balance-sheet flexibility. Debt-to-equity of 122.32 warrants monitoring in a higher-rate environment.
| Trailing P/E | 1138.67× |
| Forward P/E | 110.19× |
| Price / Sales | 3.73× |
| Price / Book | 1.33× |
| Gross margin | 49.6% |
| Operating margin | 9.8% |
| Profit margin | 3.6% |
| Return on equity | 0.6% |
| Debt / Equity | 122.32 |
| Free cash flow | $445.74M |
VNO — Growth Outlook
Growth outlook for Vornado Realty Trust (VNO) depends on demand trends in REIT - Office and the company's ability to convert revenue into sustainable earnings.
- Revenue growth of 5.0% suggests steady but measured expansion.
- Earnings declined -97.8% year-over-year — margin or volume pressure may be in play.
- Price is 18.4% below the 52-week high.
VNO — Competitive Position
Vornado Realty Trust (VNO) is evaluated against peers on scale, margin structure, and capital efficiency within Real Estate.
- Competes within Real Estate, specifically in REIT - Office.
- Market capitalization of $6.77B places VNO among mid-cap peers.
- Gross margin near 49.6% may reflect pricing power or favorable mix.
VNO — Strengths
Strengths for Vornado Realty Trust (VNO) inferred from public financial metrics:
- Gross margin of 49.6% supports competitive unit economics.
- Positive free cash flow ($445.74M).
- Dividend yield of 2.1% for income-oriented holders.
VNO — Weaknesses
Weaknesses and pressure points for Vornado Realty Trust (VNO) based on available data:
- Earnings decline of -97.8% year-over-year.
- Elevated trailing P/E (1138.67×) limits valuation margin of safety.
- Thin profit margin (3.6%).
- High beta (1.54) amplifies market swings.
VNO — Opportunities
- Dividend yield of 2.1% appeals to total-return investors.
- Positive free cash flow enables reinvestment, debt reduction, or shareholder returns.
- Forward earnings multiple below trailing P/E — potential earnings acceleration ahead.
VNO — Risks
- Beta of 1.54 implies above-market volatility.
- Rich valuation (P/E 1138.67×) increases downside if growth slows.
- Thin margins leave less room for operational missteps.
VNO — Summary
Vornado Realty Trust (VNO) is a mid-cap Real Estate company focused on REIT - Office, listed on NYQ. Last price $34.16 with market cap $6.77B. Trailing P/E 1138.67×. Revenue grew 5.0% year-over-year per public data. Notable strengths include gross margin of 49.6% supports competitive unit economics. Key watch items include earnings decline of -97.8% year-over-year. Review free estimates and earnings pages for VNO; upgrade for institutional ownership and live headlines.
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Vornado Realty Trust FAQ
What does Vornado Realty Trust (VNO) do?
Vornado Realty Trust is a fully integrated real estate investment trust with a 26 million square-foot portfolio of premier New York City office, retail and multifamily assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns premier as…
What is VNO's P/E ratio?
Vornado Realty Trust has a trailing P/E of 1138.67× based on publicly available market data.
Does VNO pay a dividend?
Indicated dividend yield: 2.1%. Confirm ex-dates and payout history in Vest Terminal.
What sector is VNO in?
Vornado Realty Trust is classified in Real Estate (REIT - Office) on NYQ.
What is VNO's market capitalization?
Approximate market cap: $6.77B.
What are the main risks for VNO?
Key risks include above-average volatility (beta 1.54), elevated valuation, among factors on this page.
What are the strengths of VNO?
Potential positives include gross margin of 49.6% supports competitive unit economics, positive free cash flow ($445.74m).
Where can I get analyst estimates for VNO?
Public analyst price targets and consensus for Vornado Realty Trust are on the free /stocks/vno/estimates page. Deeper estimate history and models are available in Vest Terminal.