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Saturday 7 November 2026 Export VNO’s income statement to Excel — free account

Vornado Realty Trust

VNO Real Estate Reit Office

Vornado Realty Trust’s revenue for fiscal 2025 (year ended December 2025) was $1.8 billion, up 1.27% from fiscal 2024.

Revenue
+3.08%
EPS
−510.0%
Free cash flow
+35.9%
Total debt
+3.66%

Quarter to September 2026, against a year earlier

35.79 0.08 −0.22%
Market cap
$7.3B
P/E
0.0×
Fwd P/E
−67.7×
Dividend yield
2.07%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Vornado Realty Trust (VNO) EV/EBITDA

Alert me on EV/EBITDA

As of 6 November 2026, Vornado Realty Trust (VNO) trades at a EV/EBITDA of 17.4×. Over the past ten years it has ranged from 11.9× (March 2023) to 48.1× (July 2021); the current reading is higher than 27% of that period. That is above the Reit Office industry median of 12.4× and above the Real Estate sector median of 15.3×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 16.3× (19.79%)
FY2024 20.3× 15.41%
FY2023 17.6× 26.67%
FY2022 13.9× (39.14%)
FY2021 22.8× (32.63%)
FY2020 33.9× 31.59%
FY2019 25.7× 25.09%
FY2018 20.6× (0.08%)
FY2017 20.6× (3.14%)
FY2016 21.2× (3.51%)

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 17.0× (9.57%)
Jun 2026 18.8× 20.83%
Mar 2026 15.5× (4.61%)
Dec 2025 16.3× (7.88%)
43 more quarters

Against its own ten years

Low 11.9× High 48.1×
Ten-year median 19.5×
Current reading's percentile 27

EV/EBITDA against peers

Company EV/EBITDA
ARE Alexandria Real Estate Equities, Inc. compare 11.1×
DEI Douglas Emmett, Inc. compare 11.9×
HIW Highwoods Properties, Inc. compare 12.4×
CUZ Cousins Properties Incorporated compare 12.4×
BXP BXP, Inc. compare 13.4×
KRC Kilroy Realty Corporation compare 13.4×
CDP COPT Defense Properties compare 14.8×
VNO Vornado Realty Trust 17.4×
SLG SL Green Realty Corporation compare 24.5×
Reit Office industry median 12.4×
Real Estate sector median 15.3×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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