US · USD
VNO-PN
Vornado Realty Trust 5.25% Series
- Day's range
- $16.19 – $16.75
- Day's volume
- $740.4K
- 52-week range
- $15.21 – $17.53
Follow VNO-PN in the Fuolio
See how VNO-PN weighs in your net worth, what it has paid you and how far it is from your target allocation.
Create a free accountVNO-PN in numbers
- Market cap
- $3.1B
- P/E
- 31.20
- P/B
- 0.54
- Dividend yield (12m)
- 7.86%
The 12-month dividend yield of VNO-PN is 7.86%, above its 5-year average of 7.19%.
VNO-PN price history
VNO-PN risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | -0.08% | +42.30% | -10.23% |
| Volatility (annualized) | 11.66% | 15.03% | 26.34% |
| Largest drawdown | -6.40% | -7.11% | -50.62% |
| Positive months | 5/12 | 19/36 | 29/60 |
How much did investing in VNO-PN return?
$1,000.00 invested on 09/01/2021 would be worth $897.68 today.
- Value today in VNO-PN
- $897.68
- Return over the period
- -10.23%
- Return per year
- -2.14%
- In the S&P 500
- $1,776.31
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
VNO-PN fundamentals
Valuation
- P/E31.20
- P/B0.54
- EV/EBITDA—
- EV/EBIT—
- EV/Revenue2.76
- P/EBIT—
- P/S1.71
- P/OCF7.98
- 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—
- Payout245.25%
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-PN's fair price?
Two classic value formulas, with today's numbers. The current price is $16.70.
- Graham's fair price
- $19.32
- 15.69% above 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
- $21.23
- 27.13% above the price
$1.27 (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-PN'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 | 3.44 | 171.48 | 88.56 | -8.14 | 24.42 | — | — | — |
| P/B | 0.54 | 0.66 | 0.53 | 0.53 | 0.81 | — | — | — |
| Dividend yield | 7.77% | 7.30% | 8.55% | 8.08% | 4.23% | — | — | — |
| 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-PN'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-PN pay dividends?
Dividend yield per year
- 4.23%2021
- 8.08%2022
- 8.55%2023
- 7.30%2024
- 7.77%2025
- 7.86%2026
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 09/14/2026 | 10/01/2026 | $0.33 |
| Dividend | 06/12/2026 | 07/01/2026 | $0.33 |
| Dividend | 03/13/2026 | 04/01/2026 | $0.33 |
| Dividend | 12/12/2025 | 01/02/2026 | $0.33 |
| Dividend | 09/12/2025 | 10/01/2025 | $0.33 |
| Dividend | 06/13/2025 | 07/01/2025 | $0.33 |
| Dividend | 03/14/2025 | 04/01/2025 | $0.33 |
| Dividend | 12/13/2024 | 01/02/2025 | $0.33 |
| Dividend | 09/13/2024 | 10/01/2024 | $0.33 |
| Dividend | 06/14/2024 | 07/01/2024 | $0.33 |
| Dividend | 03/13/2024 | 04/01/2024 | $0.33 |
| Dividend | 12/13/2023 | 01/02/2024 | $0.33 |
See all 24 distributions
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 09/13/2023 | 10/02/2023 | $0.33 |
| Dividend | 06/13/2023 | 07/03/2023 | $0.33 |
| Dividend | 03/13/2023 | 04/03/2023 | $0.33 |
| Dividend | 12/13/2022 | 01/03/2023 | $0.33 |
| Dividend | 09/13/2022 | 10/03/2022 | $0.33 |
| Dividend | 06/13/2022 | 07/01/2022 | $0.33 |
| Dividend | 03/11/2022 | 04/01/2022 | $0.33 |
| Dividend | 12/13/2021 | 01/03/2022 | $0.33 |
| Dividend | 09/13/2021 | 10/01/2021 | $0.33 |
| Dividend | 06/11/2021 | 07/01/2021 | $0.33 |
| Dividend | 03/11/2021 | 04/01/2021 | $0.33 |
| Dividend | 12/11/2020 | 01/04/2021 | $0.13 |
About Vornado Realty Trust 5.25% Series
- Sector
- Finance, insurance and real estate
Questions about VNO-PN
How much is VNO-PN today?
VNO-PN is at $16.70 (1.71% on the day), last traded on 10/01/2026.
How much did VNO-PN pay in dividends in 2025?
VNO-PN paid $1.31 per share in 2025, a dividend yield of 7.77%.
What are the P/E and P/B of VNO-PN?
VNO-PN trades at a P/E of 31.20 and a P/B of 0.54.
How much did VNO-PN return in 12 months?
VNO-PN returned -0.08% in 12 months, with annualized volatility of 11.66% and a largest drawdown of -6.40%.