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Other financials

Income statement

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Revenue$459.1M-0.5%
Net income-$7.3M-107%
EPS (diluted)-$0.12-128%

Balance sheet

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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

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Operating cash flow$47.7M-8.2%
Free cash flow-$124.1M-338%

Valuation

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Market cap$7.45B+2.7%
Enterprise value$9.74B+11.7%
P/E9.4×+1.1×
P/S4.1×+0.1×

Profitability

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Operating margin26.9%
Net margin44%+34.8pp
FCF margin75.8%+47.7pp

Returns & leverage

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Return on equity14%+11.0pp
Debt / equity0.6×+0.4×

Where this comes from

Reported directly by Vornado Realty in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireOtherPropertyPlantAndEquipment.

The source filing: Vornado Realty’s 10-Q, filed May 4, 2026.

Filed
May 4, 2026, 4:24 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000899689-26-000026
(Amounts in thousands)For the Three Months Ended March 31, 2026For the Three Months Ended March 31, 2025
Other liabilities435(1,060)
Net cash provided by operating activities47,74752,034
Cash Flows from Investing Activities:
Acquisitions of real estate and other(171,840)
Proceeds from repayment of loan receivable85,000
Additions to real estate(65,989)(42,192)
Investments in partially owned entities(41,163)(12,284)
Development costs and construction in progress(36,284)(40,934)

Item 1. Financial Statements of Vornado Realty Trust:

FAQ

What is Vornado Realty's capex?
Vornado Realty (VNO) reported capex of $171.84M in Q1 2026.
What is the long-term trend for Vornado Realty's capex?
Over 4 years (2021 to 2025), Vornado Realty's capex has grown at a 215.3% compound annual growth rate (CAGR), from $3M to $296.68M.
What does capex mean?
Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

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