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Vornado Realty VNO Intangibles (Net)

Intangibles (Net) at other companies

JBG SMITH Properties logo
JBG SMITH PropertiesJBGS
$11.5M-78.3%
Piedmont Office Realty Trust logo
Piedmont Office Realty TrustPDM
$37.24M-28.7%
Douglas Emmett logo
Douglas EmmettDEI
$9.12M+65.8%
Franklin Street Properties logo
Franklin Street PropertiesFSP
$1.67M-49.5%

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$7.27B+7.0%
Enterprise value$9.56B+15.5%
P/E9.1×+1.4×
P/S+0.3×

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:FiniteLivedIntangibleAssetsNet.

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, except unit, share, and per share amounts)As of / March 31, 2026As of / December 31, 2025
Investments in partially owned entities1,951,1811,941,278
Receivable arising from the straight-lining of rents778,704752,545
Deferred leasing costs, net of accumulated amortization of $237,704 and $233,448382,115374,620
Identified intangible assets, net of accumulated amortization of $83,758 and $81,962108,702110,593
Other assets272,348294,587
$15,919,537$15,521,118
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Mortgages payable, net$4,915,659$4,920,669

Item 1. Financial Statements of Vornado Realty Trust:

FAQ

What is Vornado Realty's intangibles (net)?
Vornado Realty (VNO) reported intangibles (net) of $108.7M in Q1 2026.
How has Vornado Realty's intangibles (net) changed year-over-year?
Vornado Realty's intangibles (net) decreased by 6.5% year-over-year, from $116.28M to $108.7M.
What is the long-term trend for Vornado Realty's intangibles (net)?
Over 5 years (2020 to 2025), Vornado Realty's intangibles (net) has grown at a 35.9% compound annual growth rate (CAGR), from $23.86M to $110.59M.
What does intangibles (net) mean?
Identifiable intangible assets (patents, trademarks, customer relationships, technology) net of accumulated amortization — excluding goodwill.

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