Vornado Realty Trust (VNO) Financial Statements
Historical financial data — 42 statements covering FY2018–FY2025
Vornado Realty Trust is a fully integrated real estate investment trust with a portfolio of New York City office, retail, and multifamily assets, and the developer of the new Penn District. While c...
Vornado Realty Trust's revenue increased 1.3% year over year, from $1.79B to $1.81B.
Net income increased 1185.7% over the same period, from $70.4M to $905.0M.
Over the 7-year period from FY2018 to FY2025, revenue declined by 16% in total.
Operating cash flow grew 134.0% to $1.26B.
Vornado Realty Trust maintains a strong net profit margin of 50.0%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | EBIT | Op. Cash Flow | Total Assets | Equity |
|---|---|---|---|---|---|---|
| Q3 FY2024 | $443.3M-1.6% | $-3.6M | $-14.6M | $105.4M | $16.08B | $5.28B |
| Q4 FY2024 | $457.8M+3.3% | $16.7M | $11.6M | $206.2M | $16.00B | $5.16B |
| Q1 FY2025 | $461.6M+0.8% | $102.4M | $107.0M | $52.0M | $15.60B | $5.31B |
| Q2 FY2025 | $441.4M-4.4% | $759.3M | $817.4M | $1.03B | $15.61B | $6.09B |
| Q3 FY2025 | $453.7M+2.8% | $27.1M | $13.7M | $33.2M | $15.75B | $6.07B |
| Q4 FY2025 | $453.7M+0.0% | $16.1M | $12.7M | $146.3M | $15.52B | $5.99B |
| Q1 FY2026 | $459.1M+1.2% | $-7.3M | $-16.1M | $47.7M | N/A | N/A |
| Q2 FY2026 | $462.2M+0.7% | $32.0M | N/A | $163.7M | N/A | N/A |
Balance Sheet Summary (FY2025)
Vornado Realty Trust (VNO) Financial Statements & Revenue History
Vornado Realty Trust (VNO) is a US-listed stock operating in the Real Estate sector, specifically the Real Estate Investment Trusts industry trading at $32.93 with a market capitalization of $6. This page provides 42 historical financial statements for Vornado Realty Trust, including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, Vornado Realty Trust reported revenue of $1.8 billion, representing 1.3% year-over-year growth. The net profit margin of 50.0% reflects strong profitability..
VNO Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows Vornado Realty Trust's revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether VNO is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track VNO's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently Vornado Realty Trust converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of VNO's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use VNO Financial Data
Investors use Vornado Realty Trust's financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare VNO's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how VNO's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View VNO's financial health score, earnings, and pre-market pricing.
Financial data is sourced from Vornado Realty Trust's SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.VNO trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.