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Vornado Realty VNO Real Estate Investment Property, Net

Real Estate Investment Property, Net at other companies

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$3.14B+22.5%
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JBG SMITH PropertiesJBGS
$3.64B-3.7%
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$300.72M-37.2%
ALX
Alexander'sALX
$574.41M-10.4%
American Assets Trust logo
American Assets TrustAAT
$2.61B-0.9%
Cousins Properties logo
Cousins PropertiesCUZ
$8.25B+4.0%

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$7.38B+5.3%
Enterprise value$9.66B+14.2%
P/E9.3×+1.3×
P/S4.1×+0.2×

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:RealEstateInvestmentPropertyNet.

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
Leasehold improvements and equipment108,582105,080
Total14,557,36314,346,555
Less accumulated depreciation and amortization(4,276,342)(4,191,075)
Real estate, net10,281,02110,155,480
Right-of-use assets669,685671,308
Net investment in lease166,234166,024
Cash and cash equivalents1,081,299840,850
Restricted cash130,217136,696

Item 1. Financial Statements of Vornado Realty Trust:

FAQ

What is Vornado Realty's real estate investment property, net?
Vornado Realty (VNO) reported real estate investment property, net of $10.28B in Q1 2026.
How has Vornado Realty's real estate investment property, net changed year-over-year?
Vornado Realty's real estate investment property, net increased by 2.4% year-over-year, from $10.04B to $10.28B.
What is the long-term trend for Vornado Realty's real estate investment property, net?
Over 5 years (2020 to 2025), Vornado Realty's real estate investment property, net has grown at a 2.6% compound annual growth rate (CAGR), from $8.92B to $10.16B.
What does real estate investment property, net mean?
This represents the carrying value of real estate investment properties after accounting for accumulated depreciation and impairment charges. It provides a more accurate reflection of the current book value of the income-producing portfolio. Investors use this to evaluate the net asset value and the remaining useful life of the property holdings.

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