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

Vornado Realty Trust (VNO) Price to free cash flow

Alert me on Price to free cash flow

As of 6 November 2026, Vornado Realty Trust (VNO) trades at a price to free cash flow of 130×. Over the past ten years it has ranged from 0.0× (September 2024) to 17,447× (February 2017); the current reading is higher than 85% of that period. That is above the Reit Office industry median of 14.0× and above the Real Estate sector median of 12.0×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 7.5× (93.21%)
FY2024 111× —
FY2023 0.0× —
FY2022 0.0× —
FY2021 304× —
FY2020 0.0× —
FY2019 0.0× —
FY2018 78.7× 25.18%
FY2017 62.9× (99.62%)
FY2016 16,483× —

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 123× (50.74%)
Jun 2026 250× 4,072.74%
Mar 2026 6.0× (20.56%)
Dec 2025 7.5× (14.17%)
43 more quarters

Against its own ten years

Low 0.0× High 17,447×
Ten-year median 0.0×
Current reading's percentile 85

Price to free cash flow against peers

Company Price to free cash flow
SLG SL Green Realty Corporation compare n/m
ARE Alexandria Real Estate Equities, Inc. compare 4.1×
KRC Kilroy Realty Corporation compare 13.2×
BXP BXP, Inc. compare 14.7×
CUZ Cousins Properties Incorporated compare 16.8×
CDP COPT Defense Properties compare 19.4×
DEI Douglas Emmett, Inc. compare 26.5×
HIW Highwoods Properties, Inc. compare 62.4×
VNO Vornado Realty Trust 130×
Reit Office industry median 14.0×
Real Estate sector median 12.0×
Market median 14.0×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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