Vornado Realty Trust (VNO · NYSE)
VNO · MARKET VIEW
Market view · as of Aug 24, 2026
Revenue (TTM)
$1.88B
+5.0% YoY
Gross margin
49.6%
EPS (latest q)
$0.67
vs $0.57 est · beat
52-wk position
76.0%
-9.9% vs 52w high · -4.6% 1mo
Price (last ~year)
Vornado Realty Trust recently committed approximately $900 million to a joint venture developing a $6.2 billion office tower at 350 Park Avenue. The Manhattan-focused REIT carries $8.16 billion in total debt against a $7.76 billion market capitalization, resulting in a debt-to-EBITDA ratio of 10.6x. For the quarter ending June 30, 2026, the company reported $462.2 million in revenue and $32.0 million in net income, with free cash flow of $43.4 million.
Valuation
- Market cap
- $7.76B
- P/E
- 1262.67
- PEG
- 2.196
- P/B
- 1.536
- P/S
- 3.997
- EV/EBITDA
- 17.11
- Beta
- 1.551
- Analyst target
- $40.38
Quality & returns
- Gross margin
- 49.6%
- Operating margin
- 9.8%
- Profit margin
- 3.6%
- ROE
- 0.6%
- ROA
- 1.0%
Price movement
- Last
- $37.88
- 1-month
- -4.6%
- 3-month
- +13.7%
- RSI (14)
- 38
- vs SMA200
- +14.2%
- 52-wk position
- 76.0% -9.9% vs high
Quarterly trajectory
Revenue by quarter (oldest → newest)
| Quarter | Revenue | Op income | Net income | EBITDA |
|---|---|---|---|---|
| 2026-06-30 | $462.2M | $25.6M | $32.0M | $303.6M |
| 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 |
Recent news
- Neutral Price to sales forward of Vornado Realty Trust 4.45% Series O Cumulative Redeemable Preferred Shares, Liquidation Preference $25.00 Per Share – BOATS:VNO/PO · 2026-08-22
- Neutral Did Vornado’s US$900 Million Bet on 350 Park Avenue Just Shift Vornado Realty Trust's (VNO) Investment Narrative? · 2026-08-19
- Neutral Did Vornado’s US$900 Million Bet on 350 Park Avenue Just Shift Vornado Realty Trust's (VNO) Investment Narrative? · 2026-08-19
- Neutral Did Vornado’s US$900 Million Bet on 350 Park Avenue Just Shift Vornado Realty Trust's (VNO) Investment Narrative? · 2026-08-18
- Neutral Vornado plans to move Penn Station subway entrance into massive new apartment tower · 2026-08-18
- Neutral Price to sales forward of Vornado Realty Trust – BX:VO7 · 2026-08-18
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)