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Vornado Realty VNO Q3 2025 earnings

Reported November 3, 2025 · After market close

Revenue$453.7MBeat by $13.5M
EPS$0.57Beat by $0.02
Revenue estimate$440.2M
EPS estimate$0.55

Next report

Nov 2, 2026 (in a month)
Revenue estimate$475.9M
EPS estimate-$0.13

Financials

Q3 2025

Income statement

See full
Revenue$453.7M+2.4%
Net income$27.1M+848%
EPS (diluted)$0.06+160%

Balance sheet

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Cash & equivalents$1.2B+12.0%
Total debt$3.0B+298%
Total equity$6.1B+14.9%
Total assets$15.7B-2.1%

Cash flow

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Operating cash flow$33.2M-68.5%
CapEx$222.5M

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$7.78B+3.7%
Enterprise value$9.6B+33.0%
P/E8.6×
P/S4.3×+0.1×

Profitability

See full
Net margin49.9%

Returns & leverage

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Return on equity16%
Debt / equity0.5×+0.3×

Segments

By product

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BMS cleaning fees$42.5M+12.6%
Tenant services$14.2M+7.3%
Parking revenues$5.1M+10.3%
Management and leasing fees$3.0M+5.5%

By segment

See full
New York$367.3M+1.3%
Other$86.4M+6.9%

FAQ

When did Vornado Realty report Q3 2025 earnings?
Vornado Realty (VNO) reported Q3 2025 earnings on November 3, 2025 after market close.
What were Vornado Realty's Q3 2025 revenue and EPS?
Vornado Realty reported revenue of $453.7M and eps of $0.57 for Q3 2025.
Did Vornado Realty beat estimates in Q3 2025?
Revenue beat the consensus estimate of $440.2M by $13.5M. EPS beat the consensus estimate of $0.55 by $0.02.
How did Vornado Realty's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 2.4% from $443.3M a year earlier and eps grew 9.6% from $0.52.