What is Vornado Realty's market cap?

Vornado Realty (VNO) has a market capitalization of $7.4B and trades on NYSE.

What is Vornado Realty's revenue and profitability?

Vornado Realty generated $1.8B in trailing twelve-month revenue with net income of $795.3M, representing a net margin of 44.0%, with free cash flow of $1.0B. These figures are based on the Q1 2026 filing.

Who are Vornado Realty's competitors?

Vornado Realty's key competitors include Empire State Realty Trust, Inc., SL Green Realty Corp., Boston Properties, Inc., and others. These companies compete in similar markets and product categories.

Who does Vornado Realty partner with?

Vornado Realty's notable partners include Alexander's, Inc., IKEA Property, Inc., Donald J. Trump State.

What subsidiaries does Vornado Realty have?

Vornado Realty's subsidiaries include Vornado Realty L.P..

Where is Vornado Realty headquartered?

Vornado Realty is headquartered in United States of America and employs approximately 2,935 people. It has been publicly traded since 1965.

Vornado Realty

VNO

Vornado Realty Trust is a fully-integrated real estate investment trust (REIT) that specializes in the ownership, management, and development of high-quality office and retail assets.

Market cap

$7.43B+0.3%

Revenue$1.8B-0.3%

Net income$795.3M+378%

Free cash flow$1.0B+91.0%

EPS (diluted)$3.65+602%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

May 4, 2026

Revenue$459.1MBeat by $27.4M EPS$0.52In line

Read the full report

Next report

Aug 3, 2026 (In 5 days)

Revenue estimate$454.5M

EPS estimate-$0.04

Financials

Q1 2026

Income statement

See full

Revenue$459.1M-0.5%

Net income-$7.3M-107%

EPS (diluted)-$0.12-128%

Balance sheet

See full

Cash & equivalents$1.2B+50.1%

Total debt$3.5B+376%

Total equity$6.0B+13.2%

Total assets$15.9B+2.1%

Cash flow

See full

Operating cash flow$47.7M-8.2%

CapEx$171.8M—

Free cash flow-$124.1M-338%

Valuation & ratios

Valuation

See full

Market cap$7.43B+0.3%

Enterprise value$9.72B+8.7%

P/E9.3×+0.8×

P/S4.1×0.0×

Profitability

See full

Net margin44%+34.8pp

Returns & leverage

See full

Return on equity14%+11.0pp

Debt / equity0.6×+0.4×

Segments

By product

See full

BMS cleaning fees$39.3M+7.9%

Tenant services$11.5M+5.5%

Parking revenues$5.2M+6.1%

Management and leasing fees$2.7M-10.4%

By segment

See full

New York$377.5M+0.8%

Other$81.6M-6.2%

Competitors

By market cap

Boston Properties$11.0B+0.2%

Vornado Realty$7.4B-0.6%

SL Green Realty$3.8B-7.8%

American Assets Trust$1.5B+22.6%

ALX

Alexander's$1.4B+4.8%

Empire State Realty Trust$969.1M-22.5%

Clipper Realty$46.4M-22.0%

Creative Media & Community Trust$8.3M+62.6%

By revenue growth

Empire State Realty Trust+1.5%

Vornado Realty-0.3%

American Assets Trust-2.9%

ALX

Alexander's-3.7%

By net margin

Vornado Realty43.99%+34.8pp

ALX

Alexander's9.72%-8.3pp

Empire State Realty Trust7.73%-3.5pp

American Assets Trust4.45%-11.8pp

Profile

Vornado Realty Trust is a fully-integrated real estate investment trust (REIT) that specializes in the ownership, management, and development of high-quality office and retail assets. The company maintains a significant concentration in the New York City metropolitan area, focusing on capital appreciation through strategic acquisitions and property redevelopments. Its core value proposition centers on maximizing shareholder value by operating premier commercial properties in high-demand urban markets.

Competitive position

A dominant owner of Manhattan commercial real estate with a focus on high-barrier-to-entry urban markets and transit-oriented developments.

GeographiesNew York City, Chicago, San Francisco

Customer segmentsEnterprise, Retailers, Luxury Consumers

Business modelProperty Leasing, Real Estate Development, Asset Management

SuppliersConstruction and renovation contractors, Capital markets and lenders, Municipal governments and zoning boards

CustomersCommercial office tenants, Retail brands, Residential occupants, Trade show exhibitors

CountryUnited States of America

Listed1965

Employees2.9K

CEOSteven Roth

SectorReal Estate

IndustryREIT - Office

Websitevno.com

FilingsSEC EDGAR

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Questions, answered.

What is Vornado Realty's market cap?: Vornado Realty (VNO) has a market capitalization of $7.4B and trades on NYSE.
What is Vornado Realty's revenue and profitability?: Vornado Realty generated $1.8B in trailing twelve-month revenue with net income of $795.3M, representing a net margin of 44.0%, with free cash flow of $1.0B. These figures are based on the Q1 2026 filing.
Who are Vornado Realty's competitors?: Vornado Realty's key competitors include Empire State Realty Trust, Inc., SL Green Realty Corp., Boston Properties, Inc., and others. These companies compete in similar markets and product categories.
Who does Vornado Realty partner with?: Vornado Realty's notable partners include Alexander's, Inc., IKEA Property, Inc., Donald J. Trump State.
What subsidiaries does Vornado Realty have?: Vornado Realty's subsidiaries include Vornado Realty L.P..
Where is Vornado Realty headquartered?: Vornado Realty is headquartered in United States of America and employs approximately 2,935 people. It has been publicly traded since 1965.