Vornado Realty Trust (VNO · NYSE)
VNO · MARKET VIEW
Market view · as of Sep 14, 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
61.9%
-15.7% vs 52w high · -10.7% 1mo
Price (last ~year)
Vornado Realty Trust (VNO) reported second-quarter 2026 revenue of $462.2 million and net income of $32.0 million, with an EPS of $0.67 that exceeded analyst estimates. While the stock has declined 10.7% over the past month, the firm recently expanded a lease with Gusto at its Penn 1 tower and saw new institutional positions from the Virginia and Ohio retirement systems. The REIT holds a $7.02 billion market capitalization against $9.06 billion in total debt, resulting in a debt-to-EBITDA ratio of 11.7x.
Valuation
- Market cap
- $7.02B
- P/E
- 1181.33
- PEG
- 2.196
- P/B
- 1.437
- P/S
- 3.739
- EV/EBITDA
- 16.56
- Beta
- 1.539
- Analyst target
- $40.46
Quality & returns
- Gross margin
- 49.6%
- Operating margin
- 9.8%
- Profit margin
- 3.6%
- ROE
- 0.6%
- ROA
- 1.0%
Price movement
- Last
- $35.44
- 1-month
- -10.7%
- 3-month
- -6.3%
- RSI (14)
- 36
- vs SMA200
- +6.2%
- 52-wk position
- 61.9% -15.7% 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 Vornado Unveils New Rendering for Tower Across from Penn Station · 2026-09-12
- Neutral VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Position in Vornado Realty Trust $VNO · 2026-09-09
- Somewhat-Bullish HR Tech Firm Gusto Expands to 76K SF at Vornado’s Penn 1 · 2026-09-04
- Neutral Public Employees Retirement System of Ohio Invests $10.28 Million in Vornado Realty Trust $VNO · 2026-09-01
- Neutral VNO Price History for Vornado Realty Trust Stock · 2026-08-29
- Neutral Odyssean LLC Makes New Investment in Vornado Realty Trust $VNO · 2026-08-26
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)