Vornado Realty Trust (VNO · NYSE)
VNO · MARKET VIEW
Market view · as of Jun 2, 2026
Revenue (TTM)
$1.85B
-2.2% YoY
Gross margin
49.2%
EPS (latest q)
$-0.08
vs $-0.11 est · beat
52-wk position
50.0%
-20.6% vs 52w high · +10.5% 1mo
Price (last ~year)
Vornado Realty Trust shares have gained 17.9% over the last three months to $33.38, leading J.P. Morgan to raise its price target to $37. The Manhattan-focused office and retail REIT reported $459.1 million in revenue and $191.6 million in EBITDA for the quarter ending March 31, 2026, while carrying $8.41 billion in total debt and an 11.2x debt-to-EBITDA ratio. Institutional activity remains active, with recent stake increases reported by Legal & General and Northwestern Mutual Wealth Management, even as the firm posted a quarterly net loss of $7.3 million.
Valuation
- Market cap
- $6.84B
- P/E
- 9.15
- PEG
- 7.37
- P/B
- 1.298
- P/S
- 3.687
- EV/EBITDA
- 9.02
- Beta
- 1.539
- Analyst target
- $33
Quality & returns
- Gross margin
- 49.2%
- Operating margin
- 13.7%
- Profit margin
- 42.9%
- ROE
- 12.6%
- ROA
- 1.1%
Price movement
- Last
- $33.38
- 1-month
- +10.5%
- 3-month
- +17.9%
- RSI (14)
- 65
- vs SMA200
- +0.6%
- 52-wk position
- 50.0% -20.6% vs high
Quarterly trajectory
Revenue by quarter (oldest → newest)
| Quarter | Revenue | Op income | Net income | EBITDA |
|---|---|---|---|---|
| 2026-03-31 | $459.1M | $50.4M | $-7.3M | $191.6M |
| 2025-12-31 | $453.7M | $66.2M | $16.1M | $212.0M |
| 2025-09-30 | $453.7M | $57.3M | $27.1M | $215.1M |
| 2025-06-30 | $441.4M | $66.5M | $759.3M | $1.02B |
Recent news
- Neutral Vornado Realty Trust stock (US91325V1089): shares steady as investors await next earnings update · 2026-06-02
- Neutral Legal & General Group Plc Buys 149,598 Shares of Vornado Realty Trust $VNO · 2026-05-30
- Somewhat-Bullish J.P. Morgan Maintains Vornado Realty Trust(VNO.US) With Hold Rating, Raises Target Price to $37 · 2026-05-29
- Neutral Vornado Realty Trust (NYSE:VNO) Price Target Raised to $37.00 · 2026-05-28
- Somewhat-Bullish Vornado Realty Trust stock (US91325V1089): New Manhattan tower plans keep New York portfolio in focus · 2026-05-28
- Somewhat-Bullish Northwestern Mutual Wealth Management Co. Buys 62,569 Shares of Vornado Realty Trust $VNO · 2026-05-27
Sources this view read
- fundamentals Company overview & valuation (Alpha Vantage OVERVIEW)
- filing Quarterly financial statements (Alpha Vantage INCOME/BALANCE/CASH)
- earnings Reported earnings history (Alpha Vantage EARNINGS)
- prices Adjusted daily prices (Alpha Vantage TIME_SERIES_DAILY_ADJUSTED)