Vornado Realty Trust (VNO · NYSE)
VNO · MARKET VIEW
Market view · as of Jul 27, 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
86.6%
-5.5% vs 52w high · +4.3% 1mo
Price (last ~year)
Vornado Realty Trust, a New York City-focused office and retail REIT with an $8.13 billion market capitalization, reported a net loss of $7.3 million on $459.1 million in revenue for the quarter ending March 31, 2026. The company carries $8.41 billion in total debt, reflecting a debt-to-EBITDA ratio of 11.2x, while trailing twelve-month revenue declined 2.2% to $1.85 billion. Shares have risen 31.1% over the last three months to close at $39.72, even as recent analyst coverage included a downgrade to underweight.
Valuation
- Market cap
- $8.13B
- P/E
- 10.88
- PEG
- 2.196
- P/B
- 1.545
- P/S
- 4.387
- EV/EBITDA
- 9.75
- Beta
- 1.531
- Analyst target
- $38.85
Quality & returns
- Gross margin
- 49.2%
- Operating margin
- 13.7%
- Profit margin
- 42.9%
- ROE
- 12.6%
- ROA
- 1.1%
Price movement
- Last
- $39.72
- 1-month
- +4.3%
- 3-month
- +31.1%
- RSI (14)
- 45
- vs SMA200
- +20.1%
- 52-wk position
- 86.6% -5.5% 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 Price to sales forward of Vornado Realty Trust – MUN:VO7 · 2026-07-25
- Somewhat-Bullish News | Sinatra sang here. Now Vornado owns a stake. · 2026-07-25
- Neutral This Vornado Realty Trust Analyst Turns Bearish; Here Are Top 5 Downgrades For Wednesday · 2026-07-23
- Neutral Levin Capital Strategies L.P. Has $2.08 Million Stock Holdings in Vornado Realty Trust $VNO · 2026-07-23
- Neutral Vornado Realty Trust $VNO Holdings Lifted by Hsbc Holdings PLC · 2026-07-23
- Neutral ETFs Investing in Vornado Realty Trust Cum Perp Red Pfd Registered Shs Series M Stocks · 2026-07-23
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)