VORNADO REALTY TRUST · REIT (real estate trust)

VNO

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The short version

A profitable company with steady sales. Institutions are adding.

Going well

Profitable, keeps 52% of sales as profit
Brings in more cash than it spends
Pays a 2.1% dividend yield

Money moves

Insiders sold $3.1M in the last 30 days
Institutions added 14% to their holdings in the quarter ending June 2026 (226 bought, 165 sold)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$34.79+0.0% that day

Company value: $6.5B; Share price times all shares
Price vs sales: 3.6x; No profit over the last year, so this compares value with sales instead
Dividend yield: 2.1%; Yearly dividend as a share of today's price
Cash vs value: 10%; Cash as a share of company value
Debt vs value: 35%; Debt as a share of company value

From VNO's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$462.2M+4.7% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $1.8B, up 1.4% from the 12 months before. Over 5 years, sales grew about 3.5% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of VNO. Starting points are the company's recent numbers.

Sales growth+1% a yearRecently: +1.4% a yearProfit margin5%Last 12 months: 5.5%P/E at the end15xMany steady companies trade at 12x to 25xShare count change+2% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$1.9B

Profit in 5 years$96M

Price these guesses point to$6.99-80% vs $34.79 todayAbout -27% a year, before dividends

What today's price needs: with a 5% margin and a 15x P/E, sales would have to grow about 39% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

4/6Mixed

PassReturn on equity 15%+Earns a lot on the money owners have in the business.16.8%
PassDebt under half of equityNot relying on borrowed money.0.38x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.51.8%
MissProfitable every yearSteady profits, not one good year.8 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$1.3B
MissShare count not growingNot diluting owners. Falling means buybacks.+4.8% in 3 years

Revenue: $1.8B; +1.3% vs prior year
5-year growth: +3.5%/yr; revenue, per year
Total debt: $2.3B; 0.38x equity
Free cash flow: $1.3B; 69.5% of revenue

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.