US · USD
VNO
Vornado Realty Trust
- Day's range
- $33.05 – $33.99
- Day's volume
- $17.8M
- 52-week range
- $24.71 – $40.91
Follow VNO in the Fuolio
See how VNO weighs in your net worth, what it has paid you and how far it is from your target allocation.
Create a free accountVNO in numbers
- Market cap
- $6.3B
- P/E
- 63.38
- P/B
- 1.09
- Dividend yield (12m)
- 2.18%
The 12-month dividend yield of VNO is 2.18%, below its 5-year average of 4.33%.
VNO price history
VNO risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | -5.84% | +51.32% | -3.17% |
| Volatility (annualized) | 34.16% | 30.53% | 40.49% |
| Largest drawdown | -27.85% | -38.59% | -67.79% |
| Positive months | 5/12 | 18/36 | 29/60 |
How much did investing in VNO return?
$1,000.00 invested on 11/01/2021 would be worth $968.33 today.
- Value today in VNO
- $968.33
- Return over the period
- -3.17%
- Return per year
- -0.65%
- In the S&P 500
- $1,707.63
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
VNO fundamentals
Valuation
- P/E63.38
- P/B1.09
- EV/EBITDA—
- EV/EBIT—
- EV/Revenue4.52
- P/EBIT—
- P/S3.46
- P/OCF16.21
- P/FCF—
- Earnings yield—
- PEG ratio—
- Earnings per share$0.54
- Book value per share$31.00
Debt
- Net debt$1.9B
- 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—
- Payout138.27%
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's fair price?
Two classic value formulas, with today's numbers. The current price is $33.92.
- Graham's fair price
- $19.32
- 43.04% below the price
√(22.50 × $0.54 × $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
- $21.32
- 37.16% below the price
$1.28 (5-year average) ÷ 6%
Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.
Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.
VNO's indicators by year
Multiples at each year's closing price; margins and returns from that year's statements.
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| P/E | 6.77 | 401.16 | 162.99 | -10.42 | 38.58 | -24.06 | 4.03 | 26.27 |
| P/B | 1.06 | 1.56 | 0.98 | 0.68 | 1.29 | 1.09 | 1.89 | 2.65 |
| EV/EBITDA | — | — | — | — | — | — | — | 12.23 |
| Dividend yield | 2.22% | 1.76% | 2.39% | 10.19% | 5.06% | 11.60% | 3.97% | 4.06% |
| Earnings per share | $4.91 | $0.10 | $0.17 | -$2.00 | $1.08 | -$1.55 | $16.48 | $2.36 |
| Book value per share | $31.40 | $27.03 | $28.94 | $30.44 | $32.53 | $34.14 | $35.25 | $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's financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | $1.8B | $1.8B | $1.8B | $1.8B | $1.6B | $1.5B |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| EBITDA | — | — | — | — | — | — |
| EBIT | — | — | — | — | — | — |
| Financial result | — | — | — | — | — | — |
| Income before tax | $950.7M | $42.8M | $62.1M | -$361M | $197.1M | -$425.2M |
| Income tax | -$13.5M | -$22.7M | -$29.2M | -$21.7M | $10.5M | -$36.6M |
| Net income | $937M | $20M | $33M | -$383M | $208M | -$297M |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
Does VNO pay dividends?
Dividend yield per year
- 3.00%2017
- 4.06%2018
- 3.97%2019
- 11.60%2020
- 5.06%2021
- 10.19%2022
- 2.39%2023
- 1.76%2024
- 2.22%2025
- 0.00%2026
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 12/17/2025 | 12/29/2025 | $0.74 |
| Dividend | 12/13/2024 | 12/27/2024 | $0.74 |
| Dividend | 12/13/2023 | 12/27/2023 | $0.30 |
| Dividend | 01/26/2023 | 02/10/2023 | $0.38 |
| Dividend | 11/03/2022 | 11/18/2022 | $0.53 |
| Dividend | 08/04/2022 | 08/19/2022 | $0.53 |
| Dividend | 05/05/2022 | 05/20/2022 | $0.53 |
| Dividend | 01/27/2022 | 02/11/2022 | $0.53 |
| Dividend | 11/04/2021 | 11/19/2021 | $0.53 |
| Dividend | 08/05/2021 | 08/20/2021 | $0.53 |
| Dividend | 05/06/2021 | 05/21/2021 | $0.53 |
| Dividend | 01/28/2021 | 02/12/2021 | $0.53 |
See all 30 distributions
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 11/05/2020 | 11/20/2020 | $0.53 |
| Dividend | 08/06/2020 | 08/21/2020 | $0.53 |
| Dividend | 05/07/2020 | 05/22/2020 | $0.66 |
| Dividend | 01/23/2020 | 02/14/2020 | $0.66 |
| Dividend | 12/26/2019 | 01/15/2020 | $1.95 |
| Dividend | 10/31/2019 | 11/18/2019 | $0.66 |
| Dividend | 08/01/2019 | 08/16/2019 | $0.66 |
| Dividend | 05/02/2019 | 05/17/2019 | $0.66 |
| Dividend | 01/24/2019 | 02/14/2019 | $0.66 |
| Dividend | 11/01/2018 | 11/19/2018 | $0.63 |
| Dividend | 08/02/2018 | 08/17/2018 | $0.63 |
| Dividend | 05/03/2018 | 05/18/2018 | $0.63 |
| Dividend | 01/25/2018 | 02/15/2018 | $0.63 |
| Dividend | 11/02/2017 | 11/20/2017 | $0.60 |
| Dividend | 08/02/2017 | 08/18/2017 | $0.60 |
| Dividend | 05/03/2017 | 05/19/2017 | $0.57 |
| Dividend | 01/25/2017 | 02/15/2017 | $0.57 |
| Dividend | 11/02/2016 | 11/21/2016 | $0.51 |
About Vornado Realty Trust
- Sector
- Finance, insurance and real estate
Questions about VNO
How much is VNO today?
VNO is at $33.92 (1.19% on the day), last traded on 10/07/2026.
How much did VNO pay in dividends in 2025?
VNO paid $0.74 per share in 2025, a dividend yield of 2.22%.
What are the P/E and P/B of VNO?
VNO trades at a P/E of 63.38 and a P/B of 1.09.
How much did VNO return in 12 months?
VNO returned -5.84% in 12 months, with annualized volatility of 34.16% and a largest drawdown of -27.85%.