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Discontinued — last reported Q1 '26

EBITDA at other companies

Empire State Realty Trust logo
Empire State Realty TrustESRT
-$88.32M-207%
SEG
Seaport Entertainment GroupSEG
-$22.41M+9.0%
American Assets Trust logo
American Assets TrustAAT
$59.01M+0.4%
New England Realty Associates logo
New England Realty AssociatesNEN
$9.46M-6.7%
Acadia Realty Trust logo
Acadia Realty TrustAKR
$57.84M+44.5%

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%
CapEx$171.8M
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

Calculated from Vornado Realty’s reported figures.

$53.1Mebit+
$124.1MDepreciation Depletion & Amortization
=$177.22M

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

Filed
May 4, 2026, 4:24 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000899689-26-000026

FAQ

What is Vornado Realty's EBITDA?
Vornado Realty (VNO) reported EBITDA of $177.22M in Q1 2026.
How has Vornado Realty's EBITDA changed year-over-year?
Vornado Realty's EBITDA decreased by 43.1% year-over-year, from $311.7M to $177.22M.
What is the long-term trend for Vornado Realty's EBITDA?
Over 3 years (2021 to 2025), Vornado Realty's EBITDA has grown at a 29.7% compound annual growth rate (CAGR), from $818.24M to $1.79B.
What does EBITDA mean?
Earnings before interest, taxes, depreciation, and amortization — EBIT plus the D&A add-back from the cash-flow statement (EBITDA = EBIT + D&A). A proxy for cash earnings that strips out financing, tax, and non-cash charges.

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