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Companies / Real Estate / Vornado Realty Trust
VNO

Vornado Realty Trust

Ticker VNONEW YORK, NYFiscal year ends DecemberBook value per share $31.11Diluted shares 187.9M

Vornado Realty Trust (NYSE: VNO) is a fully integrated real estate investment trust that owns, operates, develops and redevelops commercial properties, primarily in New York City. Its portfolio includes office, street retail and residential properties, development sites and signage, as well as The MART in Chicago and… From the company’s description.

Over the twelve months to Sep 30, 2026, Vornado Realty Trust reported revenue of $1.84B, up 1.6% from a year earlier, and a net loss of $23.88M. Its operating margin was 8.9%, and operations generated $409.27M in cash. In fiscal 2025, it reported revenue of $1.81B, up 1.3% from fiscal 2024, and net income of $937.20M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$1.81BFY2025
+1.3% year over year
Last 12 mo $1.84B
14.29%FY2025
+0.5 percentage points
Last 12 mo 8.91%
$937.20MFY2025
+4559.0% year over year
Last 12 mo $-23.88M
15.16%FY2025
+13.7 percentage points
Last 12 mo 0.15%
Cash & financing
$1.26BFY2025
+134.0% year over year
Last 12 mo $409.27M
$961.70MFY2025
+78.8% year over year
Last 12 mo $172.29M
1.20FY2025
Was 1.60× a year earlier
Last 12 mo 1.27
201.0MFY2025
+2.2% year over year
Last 12 mo 187.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Vornado Realty Trust does

In the company’s own words

Vornado Realty Trust (NYSE: VNO) is a fully integrated real estate investment trust that owns, operates, develops and redevelops commercial properties, primarily in New York City. Its portfolio includes office, street retail and residential properties, development sites and signage, as well as The MART in Chicago and a controlling interest in 555 California Street in San Francisco. Vornado also holds an interest in Alexander’s, which owns properties in the New York metropolitan area, and provides building maintenance, cleaning, security, engineering and parking services through its subsidiary Building Maintenance Services. The company’s reportable segments are New York and Other. As of December 31, 2025, its New York portfolio included 51 Manhattan operating properties, with 19.2 million square feet of office space and 2.3 million square feet of street retail space; the company had 3,145 employees. Its properties serve office and retail tenants, residents and visitors. The company conducts substantially all its business and holds substantially all its assets through Vornado Realty L.P., in an umbrella partnership REIT structure. Its website is www.vno.com.

Company details
Sector
Real Estate
Industry (SIC)
REITs
Headquarters
NEW YORK, NY
Fiscal year end
December
CIK
899689
SIC
6798

Financial performance, year by year

Fiscal 2011–2025 · USD
$-841.46M$297.38M$1.44B$2.58B$3.71B201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Vornado Realty Trust — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

341
funds hold it
0 of 35
superinvestors hold it
$2.46B
held by funds, at market
37.3%
of shares held by funds

Largest fund holders · Vornado Realty Trust’s weight in each

—of fund net assets
iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.17%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
—of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.08%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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