Vornado Realty Trust (VNO · NYSE)
VNO · MARKET VIEW
Market view · as of Jul 20, 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
90.2%
-4.1% vs 52w high · +10.6% 1mo
Price (last ~year)
Vornado Realty Trust, a Manhattan-focused office and retail REIT with an $8.26 billion market cap, reported a net loss of $7.3 million on $459.1 million in revenue for the quarter ending March 31, 2026. The firm carries $8.41 billion in total debt, reflecting a debt-to-EBITDA ratio of 11.2x. Shares have gained 38.8% over the last three months to trade at $40.34, as the company advances development projects near Penn Station and in Tribeca.
Valuation
- Market cap
- $8.26B
- P/E
- 11.05
- PEG
- 2.196
- P/B
- 1.569
- P/S
- 4.424
- EV/EBITDA
- 9.82
- Beta
- 1.531
- Analyst target
- $36.62
Quality & returns
- Gross margin
- 49.2%
- Operating margin
- 13.7%
- Profit margin
- 42.9%
- ROE
- 12.6%
- ROA
- 1.1%
Price movement
- Last
- $40.34
- 1-month
- +10.6%
- 3-month
- +38.8%
- RSI (14)
- 58
- vs SMA200
- +21.9%
- 52-wk position
- 90.2% -4.1% 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 VNO ETF Profile: Dividends, Returns (THINKMARKETS:VNO) · 2026-07-19
- Somewhat-Bullish The Plan: Major League Soccer Scores Big With Global HQ Design at Vornado’s 2 Penn · 2026-07-15
- Neutral 80,863 Shares in Vornado Realty Trust $VNO Acquired by Advisors Preferred LLC · 2026-07-15
- Neutral Towering Ambitions · 2026-07-14
- Neutral Vornado files plans to demolish retail buildings near Penn Station · 2026-07-13
- Somewhat-Bullish Vornado Preferreds: A 7.58% Yield Anchor in a Shifting Real Estate Tide · 2026-07-12
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)