Vornado Realty Trust (VNO · NYSE)
VNO · MARKET VIEW
Market view · as of Jul 13, 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
78.7%
-8.8% vs 52w high · +0.2% 1mo
Price (last ~year)
Vornado Realty Trust (VNO) shares have risen 37.1% over the last three months to $38.35, even as the office-focused REIT reports a 2.2% year-over-year decline in TTM revenue to $1.85 billion. The company maintains a market capitalization of $7.85 billion against a total debt load of $8.41 billion, resulting in a debt-to-EBITDA ratio of 11.2x. While the firm beat earnings estimates in three of the last four quarters, the stock currently trades above the consensus analyst price target of $36.31.
Valuation
- Market cap
- $7.85B
- P/E
- 10.51
- PEG
- 2.196
- P/B
- 1.492
- P/S
- 4.236
- EV/EBITDA
- 9.59
- Beta
- 1.531
- Analyst target
- $36.31
Quality & returns
- Gross margin
- 49.2%
- Operating margin
- 13.7%
- Profit margin
- 42.9%
- ROE
- 12.6%
- ROA
- 1.1%
Price movement
- Last
- $38.35
- 1-month
- +0.2%
- 3-month
- +37.1%
- RSI (14)
- 54
- vs SMA200
- +15.9%
- 52-wk position
- 78.7% -8.8% 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 Preferreds: A 7.58% Yield Anchor in a Shifting Real Estate Tide · 2026-07-12
- Somewhat-Bearish VNO stock reflects real estate challenges and long-term repositioning · 2026-07-11
- Somewhat-Bearish How (VNO) Movements Inform Risk Allocation Models · 2026-07-10
- Neutral Vornado Realty Trust Stock 12‑Month Price Target Raised to $37, Implies 3% Downside · 2026-07-09
- Bearish Vornado Realty Trust (VNO) Shares Fall 3.5% -- GF Value Says Still Overvalued · 2026-07-09
- Neutral Vornado Realty Trust (NYSE:VNO) Receives Average Rating of "Hold" from Brokerages · 2026-07-07
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)