Latest revenue
$459.1M
as of 2026-03-31
Latest net income
$-7.3M
as of 2026-03-31
Net margin
-1.6%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $6.02B
- Enterprise value
- $6.02B
- P/E (trailing)
- 6.6×
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 2.3%
- 52-wk high
- $43.37
- 52-wk low
- $24.57
- Beta
- —
- Shares out
- 188.1M
5-year trend
What this company does
ITEM 1. BUSINESS Vornado is a fully‑integrated REIT and conducts its business through, and substantially all of its interests in properties are held by, the Operating Partnership, a Delaware limited partnership. Accordingly, Vornado’s cash flow and ability to pay dividends to its shareholders are dependent upon the cash flow of the Operating Partnership and the ability of its direct and indirect subsidiaries to first satisfy their obligations to creditors. Vornado is the sole general partner of and owned approximately 91.3% of the common limited partnership interest in the Operating Partnership as of December 31, 2025. We currently own all or portions of: New York: •51 Manhattan operating…
AI summary unavailable — showing raw filing excerpt
Generated from VNO's filing dated 2026-02-09
Key risks
ITEM 1A. RISK FACTORS Material factors that may adversely affect our business, operations and financial condition are summarized below. We refer to the equity and debt securities of both Vornado and the Operating Partnership as our “securities” and the investors who own shares of Vornado or units of the Operating Partnership, or both, as our “equity holders.” The risks and uncertainties described herein may not be the only ones we face. Additional risks and uncertainties not presently known to us or that we currently believe to be immaterial may also adversely affect our business, operations and financial condition. See “Forward-Looking Statements” contained herein on page 6. RISKS RELATED…
AI summary unavailable — showing raw filing excerpt
Generated from VNO's filing dated 2026-02-09
Profitability
Net margin
50.0%
1169.5%Return on equity
15.1%
1007.8%Return on assets
5.8%
1225.2%Leverage
Debt / equity
1.59×
24.2%Long-term debt / equity
0.13×
42.6%Debt / assets
61.4%
9.3%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $459.1M | -0.5% | $-7.3M | -107.1% | -1.6% |
Q4 2025 2025-12-31 | $453.7M | -0.9% | $16.1M | -3.6% | 3.6% |
Q3 2025 2025-09-30 | $453.7M | +2.4% | $27.1M | +847.8% | 6.0% |
Q2 2025 2025-06-30 | $441.4M | -2.0% | $759.3M | +1395.1% | 172.0% |
Q1 2025 2025-03-31 | $461.6M | +5.8% | $102.4M | +1476.1% | 22.2% |
Q4 2024 2024-12-31 | $457.8M | — | $16.7M | — | 3.7% |
Q3 2024 2024-09-30 | $443.3M | -1.7% | $-3.6M | -105.3% | -0.8% |
Q2 2024 2024-06-30 | $450.3M | -4.7% | $50.8M | -18.0% | 11.3% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Real Estate Investment Trusts · SIC 6798
Your notes
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Insider activity
Insider buying
$5.6M
Insider selling
$1.9M
Net activity
+$3.7M
Distinct insiders
2
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns VNO
Institutional value
$2.48B
Total shares held
96.6M
Distinct holders
259
-98 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 22.8M | $592.2M | +1.1M (+5.3%) | Added |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 14.6M | $380.4M | — | New |
| 3 | FRANKLIN RESOURCES INC | 13.2M | $342.0M | +655.4K (+5.2%) | Added |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 7.6M | $198.5M | — | New |
| 5 | PRINCIPAL FINANCIAL GROUP INC | 5.9M | $153.2M | -149.5K (-2.5%) | Trimmed |
| 6 | CENTERSQUARE INVESTMENT MANAGEMENT LLC | 3.4M | $89.1M | +425.6K (+14.2%) | Added |
| 7 | DIMENSIONAL FUND ADVISORS LP | 2.5M | $65.3M | +13.0K (+0.5%) | Added |
| 8 | Invesco Ltd. | 1.7M | $45.0M | -1.5M (-46.7%) | Trimmed |
| 9 | Legal & General Group Plc | 1.6M | $42.3M | -161.7K (-9.0%) | Trimmed |
| 10 | DUFF & PHELPS INVESTMENT MANAGEMENT CO | 1.5M | $39.9M | +69.3K (+4.7%) | Added |
| 11 | Bank of New York Mellon Corp | 1.4M | $35.9M | -71.4K (-4.9%) | Trimmed |
| 12 | UBS Group AG | 1.4M | $35.7M | +343.6K (+33.3%) | Added |
| 13 | PRIVATE MANAGEMENT GROUP INC | 1.3M | $33.9M | +344.4K (+35.9%) | Added |
| 14 | SEI INVESTMENTS CO | 1.1M | $27.8M | +175.7K (+19.6%) | Added |
| 15 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 1.1M | $27.6M | +9.8K (+0.9%) | Added |
| 16 | VANGUARD FIDUCIARY TRUST CO | 1.0M | $26.1M | — | New |
| 17 | NEW YORK STATE COMMON RETIREMENT FUND | 886.4K | $23.0M | -12.3K (-1.4%) | Trimmed |
| 18 | JPMORGAN CHASE & CO | 756.1K | $19.0M | -176.6K (-18.9%) | Trimmed |
| 19 | APG Asset Management US Inc. | 609.2K | $15.6M | -374.6K (-38.1%) | Trimmed |
| 20 | WELLS FARGO & COMPANY/MN | 548.0K | $14.2M | +24.6K (+4.7%) | Added |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once VNO's latest filing finishes processing.