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) Return on equity

Alert me on Return on equity

Vornado Realty Trust's return on equity over the twelve months to 30 September 2026 was −1.07%, down 19.5 percentage points from fiscal 2025 (18.5%). Over the past ten years it has ranged from −7.99% (fiscal 2022) to 58.3% (fiscal 2019); the current reading is higher than 91% of that period. That is in line with the Reit Office industry median of −1.07% and below the Real Estate sector median of 1.99%.

Return on equity, annual

Embed this chart

Annual newest first

Period Return on equity Change (points)
FY2025 18.5% 18.28
FY2024 0.19% (0.73)
FY2023 0.92% 8.91
FY2022 −7.99% (9.81)
FY2021 1.82% 7.54
FY2020 −5.72% (63.97)
FY2019 58.3% 49.01
FY2018 9.24% 6.21
FY2017 3.03% (9.86)
FY2016 12.9% 1.93

Against its own ten years

Low −7.99% High 58.3%
Ten-year median 3.03%
Current reading's percentile 91

Return on equity against peers

Company Return on equity
CDP COPT Defense Properties compare 10.8%
HIW Highwoods Properties, Inc. compare 7.56%
BXP BXP, Inc. compare 6.96%
KRC Kilroy Realty Corporation compare 0.50%
CUZ Cousins Properties Incorporated compare 0.32%
DEI Douglas Emmett, Inc. compare −0.63%
VNO Vornado Realty Trust −1.07%
SLG SL Green Realty Corporation compare −3.56%
ARE Alexandria Real Estate Equities, Inc. compare −7.27%
Reit Office industry median −1.07%
Real Estate sector median 1.99%
Market median 1.01%

What Return on equity is

ROE shows how much profit a company earns for its shareholders on the equity they have in the business.

Annual: Net Income Allotted to Shareholders ÷ Average Common Equity; TTM: Net Income Allotted to Shareholders ÷ Average Common Equity (latest quarter)

The full definition of Return on equity →

More on VNO