Vornado Realty Trust - Understand $vno stock

$VNO Market Cap: $8.021 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$1.772B

TTM

Gross Margin

48.54%

TTM

Net Earnings

-$7.355M

TTM

Current Assets

$1.555B

Q3 2024

Current Liabilities

$1.108B

Q3 2024

Current Ratio

140.25%

Q3 2024

Total Assets

$16.08B

Q3 2024

Total Liabilities

$9.816B

Q3 2024

Book Value

$6.267B

Q3 2024

Cash

$783.6M

Q3 2024

P/E

-1.090K

Nov 14, 2024 EST

Free Cash Flow

$4.354M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Revenue	$1.811B	$1.800B	$1.589B	$1.528B	$1.925B	$2.164B	$2.084B	$2.004B	$1.985B	$2.313B	$2.299B	$2.333B	$2.703B	$2.558B	$2.656B	$2.640B	$2.308B	$1.904B	$1.658B	$1.583B	$1.473B	$1.387B	$952.2M	$826.0M	$696.4M	$509.9M	$209.1M	$116.9M	$108.7M	$70.80M	$67.20M	$63.20M	$61.40M	$53.80M	$55.00M	$50.50M	$73.80M	$74.60M	$68.00M	$56.80M	$53.40M
YoY Change	0.62%	13.26%	4.01%	-20.61%	-11.05%	3.82%	4.01%	0.92%	-14.14%	0.58%	-1.44%	-13.69%	5.65%	-3.67%	0.57%	14.42%	21.22%	14.85%	4.71%	7.5%	6.19%	45.64%	15.28%	18.61%	36.58%	143.85%	78.87%	7.54%	53.53%	5.36%	6.33%	2.93%	14.13%	-2.18%	8.91%	-31.57%	-1.07%	9.71%	19.72%	6.37%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Revenue	$1.811B	$1.800B	$1.589B	$1.528B	$1.925B	$2.164B	$2.084B	$2.004B	$1.985B	$2.313B	$2.299B	$2.333B	$2.703B	$2.558B	$2.656B	$2.640B	$2.308B	$1.904B	$1.658B	$1.583B	$1.473B	$1.387B	$952.2M	$826.0M	$696.4M	$509.9M	$209.1M	$116.9M	$108.7M	$70.80M	$67.20M	$63.20M	$61.40M	$53.80M	$55.00M	$50.50M	$73.80M	$74.60M	$68.00M	$56.80M	$53.40M
Cost Of Revenue	$905.2M	$873.9M	$797.3M	$789.1M	$918.0M	$963.5M	$886.6M	$844.6M	$824.5M	$953.6M	$960.8M	$1.216B	$1.131B	$981.0M	$955.0M	$1.032B	$915.6M	$735.7M	$628.0M	$599.3M	$572.6M	$518.0M	$385.4M	$318.4M	$282.1M	$207.2M	$74.70M	$36.40M	$32.30M	$7.000M	$8.100M	$9.100M	$8.700M	$7.500M	$8.600M	$5.900M	$24.20M	$27.50M	$25.30M	$23.00M	$23.80M
Gross Profit	$906.0M	$926.1M	$791.9M	$738.9M	$1.007B	$1.200B	$1.198B	$1.159B	$1.161B	$1.359B	$1.338B	$1.434B	$1.572B	$1.559B	$1.507B	$1.563B	$1.392B	$1.168B	$1.030B	$983.7M	$900.1M	$868.8M	$566.7M	$507.6M	$414.2M	$302.7M	$134.4M	$80.50M	$76.40M	$63.80M	$59.10M	$54.10M	$52.70M	$46.30M	$46.40M	$44.60M	$49.60M	$47.10M	$42.70M	$33.80M	$29.60M
Gross Profit Margin	50.02%	51.45%	49.83%	48.36%	52.3%	55.47%	57.46%	57.85%	58.47%	58.76%	58.21%	61.46%	58.17%	60.96%	56.76%	59.2%	60.33%	61.36%	62.12%	62.14%	61.12%	62.65%	59.51%	61.45%	59.48%	59.36%	64.28%	68.86%	70.29%	90.11%	87.95%	85.6%	85.83%	86.06%	84.36%	88.32%	67.21%	63.14%	62.79%	59.51%	55.43%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Selling, General & Admin	$162.9M	$133.7M	$134.5M	$181.5M	$169.9M	$141.9M	$150.8M	$143.6M	$149.3M	$169.3M	$177.4M	$190.1M	$208.5M	$212.2M	$228.7M	$193.6M	$188.5M	$180.1M	$139.4M	$139.5M	$121.7M	$127.5M	$71.70M	$47.90M	$40.20M	$28.60M	$36.50M	$7.300M	$6.700M	$6.500M	$4.200M	$4.200M	$4.800M	$5.500M	$4.900M	$6.700M	$13.50M	$7.700M	$5.900M	$6.400M	$7.500M
YoY Change	21.8%	-0.61%	-25.87%	6.83%	19.73%	-5.9%	5.01%	-3.82%	-11.81%	-4.57%	-6.68%	-8.82%	-1.74%	-7.21%	18.13%	2.71%	4.66%	29.2%	-0.07%	14.63%	-4.55%	77.82%	49.69%	19.15%	40.56%	-21.64%	400.0%	8.96%	3.08%	54.76%	0.0%	-12.5%	-12.73%	12.24%	-26.87%	-50.37%	75.32%	30.51%	-7.81%	-14.67%
% of Gross Profit	17.98%	14.44%	16.99%	24.56%	16.88%	11.82%	12.59%	12.39%	12.86%	12.46%	13.25%	13.26%	13.26%	13.61%	15.17%	12.38%	13.54%	15.42%	13.54%	14.18%	13.52%	14.68%	12.65%	9.44%	9.71%	9.45%	27.16%	9.07%	8.77%	10.19%	7.11%	7.76%	9.11%	11.88%	10.56%	15.02%	27.22%	16.35%	13.82%	18.93%	25.34%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$457.6M	$526.3M	$432.6M	$417.9M	$438.9M	$472.8M	$529.8M	$595.3M	$566.2M	$583.4M	$562.0M	$557.9M	$581.0M	$556.3M	$559.1M	$577.3M	$462.6M	$389.4M	$333.0M	$239.2M	$210.9M	$193.2M	$123.7M	$99.80M	$83.60M	$59.20M	$24.50M	$12.60M	$11.80M	$10.80M	$11.40M	$11.50M	$11.30M	$9.700M	$9.800M	$8.100M	$6.700M	$5.700M	$5.300M	$4.600M	$3.400M
YoY Change	-13.06%	21.66%	3.51%	-4.78%	-7.16%	-10.77%	-10.99%	5.13%	-2.95%	3.81%	0.74%	-3.98%	4.44%	-0.49%	-3.17%	24.8%	18.8%	16.94%	39.21%	13.42%	9.16%	56.18%	23.95%	19.38%	41.22%	141.63%	94.44%	6.78%	9.26%	-5.26%	-0.87%	1.77%	16.49%	-1.02%	20.99%	20.9%	17.54%	7.55%	15.22%	35.29%
% of Gross Profit	50.5%	56.83%	54.63%	56.56%	43.6%	39.39%	44.24%	51.35%	48.77%	42.93%	41.99%	38.91%	36.95%	35.67%	37.09%	36.93%	33.23%	33.33%	32.34%	24.32%	23.43%	22.24%	21.83%	19.66%	20.18%	19.56%	18.23%	15.65%	15.45%	16.93%	19.29%	21.26%	21.44%	20.95%	21.12%	18.16%	13.51%	12.1%	12.41%	13.61%	11.49%
Operating Expenses	$1.565B	$1.534B	$1.368B	$1.551B	$1.625B	$1.581B	$1.475B	$1.424B	$1.366B	$1.623B	$1.625B	$1.738B	$1.891B	$1.799B	$1.874B	$1.049B	$612.5M	$497.6M	$391.1M	$368.5M	$332.2M	$325.2M	$192.4M	$147.7M	$123.8M	$87.80M	$59.50M	$18.90M	$17.50M	$16.40M	$13.60M	$13.50M	$13.90M	$13.40M	$12.60M	$13.70M	$19.90M	$19.30M	$16.90M	$18.30M	$18.80M
YoY Change	2.02%	12.16%	-11.79%	-4.58%	2.81%	7.14%	3.62%	4.23%	-15.81%	-0.12%	-6.54%	-8.05%	5.08%	-4.01%	78.77%	71.19%	23.09%	27.23%	6.13%	10.93%	2.15%	69.02%	30.26%	19.31%	41.0%	47.56%	214.81%	8.0%	6.71%	20.59%	0.74%	-2.88%	3.73%	6.35%	-8.03%	-31.16%	3.11%	14.2%	-7.65%	-2.66%
Operating Profit	-$659.2M	-$608.2M	-$576.0M	-$811.8M	-$618.5M	$583.0M	$608.7M	$579.8M	$619.4M	$689.9M	$674.6M	$664.6M	$823.6M	$759.0M	$781.2M	$787.4M	$779.7M	$670.6M	$638.6M	$615.2M	$567.9M	$543.6M	$374.3M	$359.9M	$290.4M	$214.9M	$74.90M	$61.60M	$58.90M	$47.40M	$45.50M	$40.60M	$38.80M	$32.90M	$33.80M	$30.90M	$29.70M	$27.80M	$25.80M	$15.50M	$10.80M
YoY Change	8.39%	5.59%	-29.05%	31.27%	-206.09%	-4.22%	4.97%	-6.39%	-10.22%	2.27%	1.5%	-19.31%	8.5%	-2.83%	-0.79%	0.99%	16.27%	5.01%	3.8%	8.33%	4.47%	45.23%	4.0%	23.93%	35.13%	186.92%	21.59%	4.58%	24.26%	4.18%	12.07%	4.64%	17.93%	-2.66%	9.39%	4.04%	6.83%	7.75%	66.45%	43.52%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Interest Expense	-$264.4M	-$728.6M	-$97.78M	-$554.1M	-$189.6M	-$281.7M	-$304.7M	-$140.6M	-$300.0M	-$453.8M	-$807.5M	-$336.6M	-$261.2M	-$208.6M	-$641.4M	-$781.3M	-$274.3M	-$83.80M	-$85.00M	$7.800M	-$133.2M	-$294.2M	-$142.3M	-$152.2M	-$97.90M	-$74.20M	-$21.80M	-$8.200M	-$9.900M	-$14.20M	-$31.20M	-$33.90M	-$34.90M	-$32.20M	-$35.20M	-$15.50M	-$11.90M	-$7.900M	-$5.500M	-$5.500M	-$4.600M
YoY Change	-63.71%	645.11%	-82.35%	192.25%	-32.69%	-7.55%	116.71%	-53.13%	-33.89%	-43.8%	139.9%	28.87%	25.22%	-67.48%	-17.91%	184.83%	227.33%	-1.41%	-1189.74%	-105.86%	-54.72%	106.75%	-6.5%	55.46%	31.94%	240.37%	165.85%	-17.17%	-30.28%	-54.49%	-7.96%	-2.87%	8.39%	-8.52%	127.1%	30.25%	50.63%	43.64%	0.0%	19.57%
% of Operating Profit						-48.32%	-50.06%	-24.25%	-48.43%	-65.78%	-119.71%	-50.65%	-31.72%	-27.48%	-82.11%	-99.22%	-35.18%	-12.5%	-13.31%	1.27%	-23.45%	-54.12%	-38.02%	-42.29%	-33.71%	-34.53%	-29.11%	-13.31%	-16.81%	-29.96%	-68.57%	-83.5%	-89.95%	-97.87%	-104.14%	-50.16%	-40.07%	-28.42%	-21.32%	-35.48%	-42.59%
Other Income/Expense, Net	$0.00	$235.0K	$1.811M	$3.631M	$3.708M	$4.046M	$5.062M	$3.688M	$7.922M	$8.381M	$5.322M	$6.903M	$7.787M	-$300.0K	$0.00	$2.400M	-$14.30M	-$62.10M	$18.50M	$8.600M	$14.50M	$26.10M	$23.20M	$15.40M	$9.900M	$12.20M	$7.900M	$8.000M	$4.000M	$8.100M	$11.90M	$11.30M	$14.20M	$11.00M	$16.70M	$1.300M	$1.100M	$1.200M	$1.100M	$4.000M	$1.700M
YoY Change	-100.0%	-87.02%	-50.12%	-2.08%	-8.35%	-20.07%	37.26%	-53.45%	-5.48%	57.48%	-22.9%	-11.35%	-2695.67%		-100.0%	-116.78%	-76.97%	-435.68%	115.12%	-40.69%	-44.44%	12.5%	50.65%	55.56%	-18.85%	54.43%	-1.25%	100.0%	-50.62%	-31.93%	5.31%	-20.42%	29.09%	-34.13%	1184.62%	18.18%	-8.33%	9.09%	-72.5%	135.29%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Pretax Income	$62.11M	-$361.0M	$197.1M	-$425.2M	$3.438B	$459.6M	$319.7M	$584.9M	$550.9M	$432.6M	-$12.07M	$393.8M	$598.5M	$723.3M	$99.16M	$7.200M	$520.1M	$600.8M	$611.1M	$650.0M	$451.4M	$251.2M	$242.0M	$234.0M	$202.5M	$152.9M	$61.00M	$61.40M	$53.00M	$41.20M	$25.40M	$2.300M	$18.00M	$11.80M	$15.30M	$16.70M	$18.90M	$21.10M	$21.30M	$14.00M	$7.900M
YoY Change	-117.21%	-283.17%	-146.34%	-112.37%	647.99%	43.75%	-45.34%	6.18%	27.34%	-3683.76%	-103.07%	-34.2%	-17.26%	629.44%	1277.26%	-98.62%	-13.43%	-1.69%	-5.98%	44.0%	79.7%	3.8%	3.42%	15.56%	32.44%	150.66%	-0.65%	15.85%	28.64%	62.2%	1004.35%	-87.22%	52.54%	-22.88%	-8.38%	-11.64%	-10.43%	-0.94%	52.14%	77.22%
Income Tax	$29.22M	$21.66M	-$10.50M	$36.63M	$103.4M	$37.63M	$42.38M	$7.923M	-$85.01M	$9.281M	-$8.717M	$8.132M	$23.93M	$22.14M	$20.64M	-$204.6M	$9.100M	$500.0K	$2.300M	$1.300M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	-$6.400M	$1.100M	$7.500M	$4.800M	$6.000M	$6.600M	$9.100M	$7.000M	$10.40M	$6.600M	$3.700M
% Of Pretax Income	47.05%		-5.33%		3.01%	8.19%	13.25%	1.35%	-15.43%	2.15%		2.06%	4.0%	3.06%	20.82%	-2842.28%	1.75%	0.08%	0.38%	0.2%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-25.2%	47.83%	41.67%	40.68%	39.22%	39.52%	48.15%	33.18%	48.83%	47.14%	46.84%
Net Earnings	$105.5M	-$346.5M	$176.0M	-$297.0M	$3.148B	$450.0M	$227.4M	$906.9M	$760.4M	$864.9M	$476.0M	$617.3M	$662.3M	$647.9M	$106.2M	$359.3M	$541.5M	$554.8M	$536.9M	$750.1M	$638.6M	$232.9M	$263.7M	$234.0M	$202.5M	$152.9M	$61.00M	$61.40M	$53.00M	$41.20M	$28.00M	$1.200M	$10.10M	$4.300M	$10.40M	$10.10M	$9.900M	$16.00M	$20.30M	$13.80M	$7.600M
YoY Change	-130.45%	-296.88%	-159.26%	-109.43%	599.61%	97.86%	-74.92%	19.26%	-12.07%	81.7%	-22.89%	-6.8%	2.23%	510.24%	-70.45%	-33.65%	-2.4%	3.33%	-28.42%	17.46%	174.19%	-11.68%	12.69%	15.56%	32.44%	150.66%	-0.65%	15.85%	28.64%	47.14%	2233.33%	-88.12%	134.88%	-58.65%	2.97%	2.02%	-38.13%	-21.18%	47.1%	81.58%
Net Earnings / Revenue	5.82%	-19.25%	11.07%	-19.44%	163.55%	20.8%	10.91%	45.26%	38.3%	37.4%	20.7%	26.46%	24.5%	25.33%	4.0%	13.61%	23.46%	29.14%	32.39%	47.38%	43.36%	16.79%	27.69%	28.33%	29.08%	29.99%	29.17%	52.52%	48.76%	58.19%	41.67%	1.9%	16.45%	7.99%	18.91%	20.0%	13.41%	21.45%	29.85%	24.3%	14.23%
Basic Earnings Per Share	$0.23	-$2.13	$0.53	-$1.83	$16.23	$2.02	$0.85	$4.36	$3.61	$4.18	$2.10	$2.95	$3.26	$3.27	$0.28	$1.96
Diluted Earnings Per Share	$0.23	-$2.13	$0.53	-$1.83	$16.21	$2.01	$0.85	$4.34	$3.59	$4.15	$2.09	$2.94	$3.23	$3.24	$0.28	$1.91	$3.389M	$3.660M	$3.778M	$5.589M	$5.491M	$2.108M	$2.842M	$2.617M	$2.301M	$1.836M	$1.057M	$1.238M	$1.116M	$936.4K	$701.8K	$35.93K	$307.0K	$130.3K	$300.6K	$275.2K	$248.1K	$335.4K	$391.9K	$250.5K	$117.6K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Cash & Short-Term Investments	$997.0M	$889.7M	$1.760B	$1.624B	$1.515B	$571.0M	$1.818B	$1.501B	$1.836B	$1.198B	$583.0M	$960.0M	$607.0M	$691.0M	$535.0M	$1.527B	$1.155B	$2.233B	$295.0M	$599.0M	$321.0M	$208.0M	$266.0M	$137.0M	$113.0M	$168.0M	$356.0M	$90.00M	$19.00M	$24.00M	$24.00M	$51.00M	$15.00M	$5.000M	$85.00M	$177.0M	$6.000M	$11.00M	$30.00M	$17.00M	$5.000M
YoY Change	12.06%	-49.46%	8.39%	7.19%	165.32%	-68.59%	21.12%	-18.25%	53.26%	105.49%	-39.27%	58.15%	-12.16%	29.16%	-64.96%	32.21%	-48.28%	656.95%	-50.75%	86.6%	54.33%	-21.8%	94.16%	21.24%	-32.74%	-52.81%	295.56%	373.68%	-20.83%	0.0%	-52.94%	240.0%	200.0%	-94.12%	-51.98%	2850.0%	-45.45%	-63.33%	76.47%	240.0%
Cash & Equivalents	$997.0M	$889.7M	$1.760B	$1.624B	$1.515B	$571.0M	$1.818B	$1.501B	$1.836B	$1.198B	$583.0M	$960.0M	$607.0M	$691.0M	$535.0M	$1.527B	$1.155B	$2.233B	$295.0M	$599.0M	$321.0M	$208.0M	$266.0M	$137.0M	$113.0M	$168.0M	$356.0M	$90.00M	$19.00M	$24.00M	$24.00M	$51.00M	$15.00M	$5.000M	$85.00M	$177.0M	$6.000M	$11.00M	$30.00M	$17.00M	$5.000M
Short-Term Investments
Other Short-Term Assets																														$0.00	$2.000M	$1.000M	$1.000M	$1.000M	$2.000M	$2.000M	$2.000M	$2.000M	$2.000M	$2.000M	$1.000M
YoY Change																														-100.0%	100.0%	0.0%	0.0%	-50.0%	0.0%	0.0%	0.0%	0.0%	0.0%	100.0%
Inventory	$35.94M	$43.60M	$57.14M	$128.0M	$409.0M	$100.0M																								$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$3.000M	$6.000M	$8.000M	$4.000M	$3.000M	$5.000M
Prepaid Expenses
Receivables	$771.2M	$776.1M	$736.0M	$752.0M	$838.0M	$1.008B	$985.0M	$946.0M	$1.029B	$897.0M	$911.0M	$954.0M	$874.0M	$157.0M	$157.0M	$202.0M	$168.0M	$231.0M	$238.0M	$165.0M	$84.00M	$66.00M	$47.00M	$48.00M	$36.00M	$36.00M	$17.00M	$10.00M	$7.000M	$5.000M	$4.000M	$4.000M	$2.000M	$3.000M	$4.000M	$9.000M	$10.00M	$8.000M	$9.000M	$6.000M	$8.000M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$13.00M	$709.0M	$684.0M	$605.0M	$527.0M	$456.0M	$400.0M	$346.0M	$287.0M	$249.0M	$221.0M	$132.0M	$96.00M	$66.00M	$32.00M	$25.00M	$23.00M	$8.000M	$9.000M	$3.000M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$1.804B	$1.709B	$2.553B	$2.504B	$2.762B	$1.679B	$2.803B	$2.447B	$2.865B	$2.095B	$1.494B	$1.914B	$1.494B	$1.557B	$1.376B	$2.334B	$1.850B	$2.920B	$933.0M	$1.110B	$692.0M	$523.0M	$534.0M	$317.0M	$245.0M	$270.0M	$405.0M	$125.0M	$49.00M	$37.00M	$39.00M	$59.00M	$18.00M	$9.000M	$91.00M	$191.0M	$24.00M	$29.00M	$45.00M	$28.00M	$19.00M
YoY Change	5.54%	-33.05%	1.97%	-9.34%	64.5%	-40.1%	14.55%	-14.59%	36.75%	40.23%	-21.94%	28.11%	-4.05%	13.15%	-41.05%	26.16%	-36.64%	212.97%	-15.95%	60.4%	32.31%	-2.06%	68.45%	29.39%	-9.26%	-33.33%	224.0%	155.1%	32.43%	-5.13%	-33.9%	227.78%	100.0%	-90.11%	-52.36%	695.83%	-17.24%	-35.56%	60.71%	47.37%
Property, Plant & Equipment	$10.73B	$10.53B	$10.18B	$9.286B	$10.44B	$13.06B	$11.87B	$11.61B	$14.67B	$13.66B	$14.12B	$15.17B	$13.81B	$14.67B	$15.13B	$15.65B	$15.23B	$11.47B	$9.704B	$8.349B	$6.763B	$6.580B	$4.184B	$3.961B	$3.613B	$3.089B	$1.391B	$246.0M	$243.0M	$237.0M	$222.0M	$204.0M	$202.0M	$203.0M	$172.0M	$150.0M	$143.0M	$137.0M	$126.0M	$120.0M	$123.0M
YoY Change	1.9%	3.43%	9.61%	-11.04%	-20.06%	10.0%	2.28%	-20.9%	7.4%	-3.26%	-6.88%	9.83%	-5.89%	-3.04%	-3.32%	2.8%	32.73%	18.21%	16.23%	23.45%	2.78%	57.27%	5.63%	9.63%	16.96%	122.07%	465.45%	1.23%	2.53%	6.76%	8.82%	0.99%	-0.49%	18.02%	14.67%	4.9%	4.38%	8.73%	5.0%	-2.44%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$2.611B	$3.137B	$3.305B	$3.495B	$4.255B	$1.329B	$1.594B	$2.044B	$2.276B	$1.961B	$2.109B	$2.703B	$2.828B	$2.286B	$1.630B	$1.418B	$1.828B	$1.770B	$1.646B	$791.0M	$982.0M	$1.004B	$1.397B	$1.553B	$1.422B	$905.0M	$517.0M	$140.0M	$186.0M	$95.00M	$102.0M	$130.0M	$155.0M	$141.0M	$108.0M	$26.00M	$5.000M	$0.00	$0.00	$1.000M	$12.00M
YoY Change	-16.78%	-5.09%	-5.43%	-17.86%	220.17%	-16.62%	-22.02%	-10.19%	16.06%	-7.02%	-21.98%	-4.42%	23.71%	40.25%	14.95%	-22.43%	3.28%	7.53%	108.09%	-19.45%	-2.19%	-28.13%	-10.05%	9.21%	57.13%	75.05%	269.29%	-24.73%	95.79%	-6.86%	-21.54%	-16.13%	9.93%	30.56%	315.38%	420.0%			-100.0%	-91.67%
Other Assets	$619.6M	$505.0M	$561.8M	$479.0M	$446.0M	$546.0M	$502.0M	$4.019B	$625.0M	$2.793B	$1.541B	$1.260B	$1.512B	$1.075B	$943.0M	$853.0M	$2.285B	$500.0M	$269.0M	$313.0M	$420.0M	$535.0M	$204.0M	$214.0M	$31.00M	$44.00M	$27.00M	$0.00		$0.00	$0.00	$0.00	$2.000M	$19.00M	$8.000M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	22.69%	-10.11%	17.29%	7.4%	-18.32%	8.76%	-87.51%	543.04%	-77.62%	81.25%	22.3%	-16.67%	40.65%	14.0%	10.55%	-62.67%	357.0%	85.87%	-14.06%	-25.48%	-21.5%	162.25%	-4.67%	590.32%	-29.55%	62.96%						-100.0%	-89.47%	137.5%
Total Long-Term Assets	$14.38B	$14.78B	$14.71B	$13.72B	$15.53B	$15.50B	$14.60B	$18.37B	$18.28B	$19.06B	$18.60B	$20.15B	$18.95B	$18.96B	$18.81B	$19.08B	$20.63B	$15.03B	$12.70B	$10.47B	$8.827B	$8.495B	$6.243B	$6.086B	$5.234B	$4.156B	$2.119B	$440.0M	$442.0M	$357.0M	$347.0M	$362.0M	$375.0M	$379.0M	$304.0M	$189.0M	$155.0M	$144.0M	$133.0M	$133.0M	$144.0M
YoY Change	-2.71%	0.48%	7.26%	-11.64%	0.15%	6.21%	-20.54%	0.49%	-4.12%	2.47%	-7.68%	6.33%	-0.04%	0.8%	-1.44%	-7.49%	37.22%	18.34%	21.33%	18.62%	3.91%	36.07%	2.58%	16.28%	25.94%	96.13%	381.59%	-0.45%	23.81%	2.88%	-4.14%	-3.47%	-1.06%	24.67%	60.85%	21.94%	7.64%	8.27%	0.0%	-7.64%
Total Assets	$16.19B	$16.49B	$17.27B	$16.22B	$18.29B	$17.18B	$17.40B	$20.82B	$21.14B	$21.16B	$20.10B	$22.07B	$20.45B	$20.52B	$20.19B	$21.42B	$22.48B	$17.95B	$13.64B	$11.58B	$9.519B	$9.018B	$6.777B	$6.403B	$5.479B	$4.426B	$2.524B	$565.0M	$491.0M	$394.0M	$386.0M	$421.0M	$393.0M	$388.0M	$395.0M	$380.0M	$179.0M	$173.0M	$178.0M	$161.0M	$163.0M
YoY Change
Accounts Payable	$411.0M	$450.9M	$613.5M	$427.0M	$440.0M	$431.0M	$416.0M	$397.0M	$444.0M	$448.0M	$422.0M	$485.0M	$424.0M	$438.0M	$475.0M	$516.0M	$480.0M	$532.0M	$477.0M	$414.0M	$226.0M	$203.0M	$180.0M	$130.0M	$107.0M	$110.0M	$37.00M	$10.00M	$7.000M	$4.000M	$9.000M	$6.000M	$6.000M	$5.000M	$8.000M	$3.000M	$1.000M	$1.000M	$2.000M	$4.000M	$3.000M
YoY Change	-8.84%	-26.51%	43.68%	-2.95%	2.09%	3.61%	4.79%	-10.59%	-0.89%	6.16%	-12.99%	14.39%	-3.2%	-7.79%	-7.95%	7.5%	-9.77%	11.53%	15.22%	83.19%	11.33%	12.78%	38.46%	21.5%	-2.73%	197.3%	270.0%	42.86%	75.0%	-55.56%	50.0%	0.0%	20.0%	-37.5%	166.67%	200.0%	0.0%	-50.0%	-50.0%	33.33%
Accrued Expenses	$732.9M	$736.0M	$370.2M	$401.0M	$498.0M
YoY Change	-0.42%	98.8%	-7.68%	-19.48%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$9.000M	$35.00M	$0.00	$0.00	$0.00
YoY Change																																				-100.0%	-74.29%
Long-Term Debt Due																														$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$3.000M	$5.000M	$6.000M	$6.000M	$5.000M	$6.000M
YoY Change																																			-100.0%	-40.0%	-16.67%	0.0%	20.0%	-16.67%
Total Short-Term Liabilities	$1.144B	$1.187B	$983.7M	$828.0M	$1.336B	$431.0M	$416.0M	$397.0M	$444.0M	$448.0M	$422.0M	$485.0M	$424.0M	$438.0M	$475.0M	$516.0M	$480.0M	$532.0M	$477.0M	$414.0M	$226.0M	$203.0M	$180.0M	$130.0M	$107.0M	$110.0M	$37.00M	$10.00M	$7.000M	$4.000M	$9.000M	$6.000M	$6.000M	$5.000M	$9.000M	$7.000M	$15.00M	$43.00M	$10.00M	$9.000M	$9.000M
YoY Change	-3.62%	20.65%	18.8%	-38.02%	209.98%	3.61%	4.79%	-10.59%	-0.89%	6.16%	-12.99%	14.39%	-3.2%	-7.79%	-7.95%	7.5%	-9.77%	11.53%	15.22%	83.19%	11.33%	12.78%	38.46%	21.5%	-2.73%	197.3%	270.0%	42.86%	75.0%	-55.56%	50.0%	0.0%	20.0%	-44.44%	28.57%	-53.33%	-65.12%	330.0%	11.11%	0.0%
Long-Term Debt	$8.251B	$8.389B	$8.616B	$7.399B	$7.407B	$9.837B	$10.19B	$9.447B	$11.09B	$9.530B	$9.979B	$11.13B	$10.08B	$10.89B	$10.69B	$12.44B	$11.90B	$9.555B	$6.243B	$4.951B	$4.040B	$3.971B	$2.477B	$2.688B	$2.049B	$2.051B	$957.0M	$232.0M	$233.0M	$234.0M	$235.0M	$342.0M	$346.0M	$357.0M	$356.0M	$347.0M	$123.0M	$75.00M	$79.00M	$67.00M	$74.00M
YoY Change	-1.64%	-2.63%	16.45%	-0.11%	-24.7%	-3.42%	7.81%	-14.82%	16.38%	-4.5%	-10.32%	10.42%	-7.46%	1.9%	-14.09%	4.56%	24.5%	53.05%	26.1%	22.55%	1.74%	60.31%	-7.85%	31.19%	-0.1%	114.32%	312.5%	-0.43%	-0.43%	-0.43%	-31.29%	-1.16%	-3.08%	0.28%	2.59%	182.11%	64.0%	-5.06%	17.91%	-9.46%
Other Long-Term Liabilities	$448.6M	$404.4M	$463.0M	$440.0M	$1.344B	$1.022B	$805.0M	$2.074B	$903.0M	$2.353B	$1.097B	$1.589B	$1.264B	$1.018B	$1.107B	$1.052B	$2.368B	$554.0M	$398.0M	$255.0M	$255.0M	$179.0M	$71.00M	$48.00M	$46.00M	$49.00M	$39.00M	$47.00M	$57.00M	$38.00M	$26.00M	$69.00M	$28.00M	$9.000M	$4.000M	$7.000M	$7.000M	$6.000M	$8.000M	$8.000M	$8.000M
YoY Change	10.93%	-12.67%	5.23%	-67.26%	31.51%	26.96%	-61.19%	129.68%	-61.62%	114.49%	-30.96%	25.71%	24.17%	-8.04%	5.23%	-55.57%	327.44%	39.2%	56.08%	0.0%	42.46%	152.11%	47.92%	4.35%	-6.12%	25.64%	-17.02%	-17.54%	50.0%	46.15%	-62.32%	146.43%	211.11%	125.0%	-42.86%	0.0%	16.67%	-25.0%	0.0%	0.0%
Total Long-Term Liabilities	$8.700B	$8.793B	$9.079B	$7.839B	$8.751B	$10.86B	$10.99B	$11.52B	$11.99B	$11.88B	$11.08B	$12.72B	$11.34B	$11.91B	$11.79B	$13.49B	$14.26B	$10.11B	$6.641B	$5.206B	$4.295B	$4.150B	$2.548B	$2.736B	$2.095B	$2.100B	$996.0M	$279.0M	$290.0M	$272.0M	$261.0M	$411.0M	$374.0M	$366.0M	$360.0M	$354.0M	$130.0M	$81.00M	$87.00M	$75.00M	$82.00M
YoY Change	-1.06%	-3.15%	15.82%	-10.42%	-19.41%	-1.19%	-4.61%	-3.94%	0.93%	7.29%	-12.9%	12.12%	-4.75%	0.97%	-12.58%	-5.43%	41.1%	52.22%	27.56%	21.21%	3.49%	62.87%	-6.87%	30.6%	-0.24%	110.84%	256.99%	-3.79%	6.62%	4.21%	-36.5%	9.89%	2.19%	1.67%	1.69%	172.31%	60.49%	-6.9%	16.0%	-8.54%
Total Liabilities	$10.68B	$10.65B	$11.03B	$9.689B	$11.56B	$12.72B	$13.06B	$13.92B	$14.45B	$14.41B	$13.33B	$15.21B	$13.62B	$14.20B	$13.94B	$15.62B	$17.06B	$11.80B	$8.374B	$7.568B	$6.441B	$6.391B	$4.207B	$4.324B	$3.424B	$2.643B	$1.210B	$289.0M	$297.0M	$277.0M	$270.0M	$424.0M	$385.0M	$372.0M	$372.0M	$363.0M	$148.0M	$127.0M	$97.00M	$84.00M	$91.00M
YoY Change	0.23%	-3.41%	13.84%	-16.15%	-9.13%	-2.63%	-6.15%	-3.67%	0.23%	8.11%	-12.37%	11.72%	-4.11%	1.86%	-10.71%	-8.47%	44.54%	40.96%	10.65%	17.5%	0.78%	51.91%	-2.71%	26.29%	29.55%	118.43%	318.69%	-2.69%	7.22%	2.59%	-36.32%	10.13%	3.49%	0.0%	2.48%	145.27%	16.54%	30.93%	15.48%	-7.69%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Basic Shares Outstanding	191.0M shares	191.8M shares	191.6M shares	191.1M shares	190.8M shares	190.2M shares	189.5M shares	188.8M shares	188.4M shares	187.6M shares	186.9M shares	185.8M shares	184.3M shares	182.3M shares	171.6M shares	153.9M shares
Diluted Shares Outstanding	191.9M shares	191.8M shares	192.1M shares	191.1M shares	191.1M shares	191.3M shares	191.3M shares	190.2M shares	189.6M shares	188.7M shares	187.7M shares	186.5M shares	186.0M shares	184.2M shares	173.5M shares	158.1M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $8.0206 Billion

About Vornado Realty Trust

Vornado Realty Trust is a real estate investment trust, which engages in the ownership of office, retail, merchandise mart properties, and other real estate and related investments. The company is headquartered in New York City, New York and currently employs 2,935 full-time employees. The firm conducts its business through, and substantially all its interests in properties are held by, Vornado Realty L.P. Its portfolio is concentrated on premier office and high street retail properties in New York City. Its segments include New York and Other. Its New York segment consisted of 26.7 million square feet in 60 properties. The 26.7 million square feet comprises 20.4 million square feet of Manhattan office in 30 of the properties, 2.4 million square feet of Manhattan street retail in 50 of the properties, 1,662 units in five residential properties, and its 32.4% interest in Alexander’s, which owns five properties in the greater New York metropolitan area. The company also includes nine garages totaling 1.6 million square feet (4,685 spaces). Its Real Estate and Investments consists of 3.7 million square foot THE MART in Chicago, a three-building office complex in San Francisco’s financial district.

Industry: Real Estate Investment Trusts Peers: Alexandria Real Estate Equities Inc BXP Inc Equity Commonwealth COPT Defense Properties Cousins Properties Inc Douglas Emmett Inc Highwoods Properties Inc Kilroy Realty Corp SL Green Realty Corp