US · USD
VNO-PO
Vornado Realty Trust
- Day's range
- US$13.56 – US$13.80
- Day's volume
- US$219.6k
- 52-week range
- US$13.35 – US$15.08
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See how VNO-PO weighs in your net worth, what it has paid you and how far it is from your target allocation.
Create a free accountVNO-PO in numbers
- Market cap
- US$2.6bn
- P/E
- 26.08
- P/B
- 0.45
- Dividend yield (12m)
- 7.97%
The 12-month dividend yield of VNO-PO is 7.97%, above its 5-year average of 7.86%.
VNO-PO price history
VNO-PO risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months |
|---|---|---|
| Return | -1.73% | +36.90% |
| Volatility (annualised) | 10.23% | 17.61% |
| Largest drawdown | -6.00% | -14.83% |
| Positive months | 4/12 | 18/36 |
How much did investing in VNO-PO return?
US$1,000.00 invested on 01/11/2021 would be worth US$831.20 today.
- Value today in VNO-PO
- US$831.20
- Return over the period
- -16.88%
- Return per year
- -3.69%
- In the S&P 500
- US$1,690.78
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
VNO-PO fundamentals
Valuation
- P/E26.08
- P/B0.45
- EV/EBITDA—
- EV/EBIT—
- EV/Revenue2.46
- P/EBIT—
- P/S1.41
- P/OCF6.59
- P/FCF—
- Earnings yield—
- PEG ratio—
- Earnings per shareUS$0.54
- Book value per shareUS$31.00
Debt
- Net debtUS$1.9bn
- Net debt/EBITDA—
- Net debt/Equity0.33
- Debt/Equity0.45
- Current ratio—
- Quick ratio—
- Cash ratio—
Efficiency
- Gross margin—
- EBITDA margin—
- Operating margin—
- Net margin5.46%
- Asset turnover0.12
Profitability
- ROE1.73%
- ROA0.64%
- ROIC—
- Payout207.88%
Growth
- Revenue CAGR (5 years)4.05%
- Earnings CAGR (5 years)—
- Revenue growth (year)—
- Earnings growth (year)—
- Revenue growth (quarter)—
- Earnings growth (quarter)—
What is VNO-PO's fair price?
Two classic value formulas, with today's numbers. The current price is US$13.96.
- Graham's fair price
- US$19.32
- 38.39% above the price
√(22.50 × US$0.54 × US$31.00)
Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.
- Bazin's ceiling price
- US$18.66
- 33.65% above the price
US$1.12 (4-year average) ÷ 6%
Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.
Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.
VNO-PO indicators by year
Multiples at each year's closing price; margins and returns from that year's accounts.
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| P/E | 2.90 | 150.77 | 78.29 | -6.81 | 22.77 | — | — | — |
| P/B | 0.45 | 0.58 | 0.47 | 0.45 | 0.76 | — | — | — |
| Dividend yield | 7.81% | 7.04% | 8.20% | 8.38% | — | — | — | — |
| Earnings per share | US$4.91 | US$0.10 | US$0.17 | -US$2.00 | US$1.08 | -US$1.55 | US$16.48 | US$2.36 |
| Book value per share | US$31.40 | US$27.03 | US$28.94 | US$30.44 | US$32.53 | US$34.14 | US$35.25 | US$23.44 |
| ROE | 15.65% | 0.39% | 0.60% | -6.56% | 3.34% | -4.55% | 46.76% | 10.08% |
| ROIC | — | — | — | — | — | — | — | 9.62% |
| EBITDA margin | — | — | — | — | — | — | — | 48.79% |
| Net margin | 51.76% | 1.12% | 1.82% | -21.28% | 13.09% | -19.44% | 163.55% | 20.80% |
| Net debt/EBITDA | — | — | — | — | — | — | — | 1.04 |
VNO-PO financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | US$1.8bn | US$1.8bn | US$1.8bn | US$1.8bn | US$1.6bn | US$1.5bn |
| Cost of sales | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| EBITDA | — | — | — | — | — | — |
| EBIT | — | — | — | — | — | — |
| Net finance result | — | — | — | — | — | — |
| Profit before tax | US$950.7m | US$42.8m | US$62.1m | -US$361m | US$197.1m | -US$425.2m |
| Income tax | -US$13.5m | -US$22.7m | -US$29.2m | -US$21.7m | US$10.5m | -US$36.6m |
| Net income | US$937m | US$20m | US$33m | -US$383m | US$208m | -US$297m |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
Does VNO-PO pay dividends?
Dividend yield per year
- 8.38%2022
- 8.20%2023
- 7.04%2024
- 7.81%2025
- 8.06%2026
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 14/09/2026 | 01/10/2026 | US$0.28 |
| Dividend | 12/06/2026 | 01/07/2026 | US$0.28 |
| Dividend | 13/03/2026 | 01/04/2026 | US$0.28 |
| Dividend | 12/12/2025 | 02/01/2026 | US$0.28 |
| Dividend | 12/09/2025 | 01/10/2025 | US$0.28 |
| Dividend | 13/06/2025 | 01/07/2025 | US$0.28 |
| Dividend | 14/03/2025 | 01/04/2025 | US$0.28 |
| Dividend | 13/12/2024 | 02/01/2025 | US$0.28 |
| Dividend | 13/09/2024 | 01/10/2024 | US$0.28 |
| Dividend | 14/06/2024 | 01/07/2024 | US$0.28 |
| Dividend | 13/03/2024 | 01/04/2024 | US$0.28 |
| Dividend | 13/12/2023 | 02/01/2024 | US$0.28 |
See all 20 distributions
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 13/09/2023 | 02/10/2023 | US$0.28 |
| Dividend | 13/06/2023 | 03/07/2023 | US$0.28 |
| Dividend | 13/03/2023 | 03/04/2023 | US$0.28 |
| Dividend | 13/12/2022 | 03/01/2023 | US$0.28 |
| Dividend | 13/09/2022 | 03/10/2022 | US$0.28 |
| Dividend | 13/06/2022 | 01/07/2022 | US$0.28 |
| Dividend | 11/03/2022 | 01/04/2022 | US$0.28 |
| Dividend | 13/12/2021 | 03/01/2022 | US$0.31 |
About Vornado Realty Trust
- Sector
- Finance, insurance and real estate
Questions about VNO-PO
How much is VNO-PO today?
VNO-PO is at US$13.96 (1.16% on the day), last traded on 02/10/2026.
How much did VNO-PO pay in dividends in 2025?
VNO-PO paid US$1.11 per share in 2025, a dividend yield of 7.81%.
What are the P/E and P/B of VNO-PO?
VNO-PO trades at a P/E of 26.08 and a P/B of 0.45.
How much did VNO-PO return in 12 months?
VNO-PO returned -1.73% in 12 months, with annualised volatility of 10.23% and a largest drawdown of -6.00%.