Vornado Realty Trust (VNO · NYSE)
VNO · MARKET VIEW
Market view · as of Jun 29, 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
83.1%
-7.0% vs 52w high · +15.5% 1mo
Price (last ~year)
Vornado Realty Trust recently expanded its Manhattan office footprint by acquiring a 49% stake in Park Avenue Plaza, coinciding with a 50.5% share price increase over the last three months. As of March 31, 2026, the REIT reported $459.1 million in quarterly revenue and a net loss of $7.3 million, while carrying $8.41 billion in total debt against $1.08 billion in cash. The company, which holds a market capitalization of $8.01 billion, currently faces a debt-to-EBITDA ratio of 11.2x amid ongoing uncertainty in the office real estate sector.
Valuation
- Market cap
- $8.01B
- P/E
- 10.72
- PEG
- 2.196
- P/B
- 1.481
- P/S
- 4.32
- EV/EBITDA
- 9.56
- Beta
- 1.565
- Analyst target
- $35.23
Quality & returns
- Gross margin
- 49.2%
- Operating margin
- 13.7%
- Profit margin
- 42.9%
- ROE
- 12.6%
- ROA
- 1.1%
Price movement
- Last
- $39.11
- 1-month
- +15.5%
- 3-month
- +50.5%
- RSI (14)
- 70
- vs SMA200
- +17.9%
- 52-wk position
- 83.1% -7.0% 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 Shs Unsponsored Brazilian Depositary Receipt Repr 1 Sh · 2026-06-26
- Neutral Vornado Realty Trust (VNO) Stock After Mixed Returns And Office Market Uncertainty · 2026-06-26
- Neutral Price to sales forward of Vornado Realty Trust – LSE:0LR2 · 2026-06-26
- Neutral Price to book forward of Vornado Realty Trust – LSE:0LR2 · 2026-06-26
- Bullish Vornado Realty Trust (VNO) Buys 49% Of Park Avenue Plaza In Manhattan · 2026-06-25
- Somewhat-Bullish Retailers return to Manhattan as post-Covid void draws in leases · 2026-06-25
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)