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Vornado Realty VNO Redeemable Class A unit measurement adjustment

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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%
CapEx$171.8M
Free cash flow-$124.1M-338%

Valuation

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Market cap$7.11B-29.8%
Enterprise value$9.4B+3.6%
P/E8.9×-52.0×
P/S3.9×-1.7×

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 vno:AdjustmentsToAdditionalPaidInCapitalRedeemableStockUnitMeasurementAdjustment.

The official record: Vornado Realty’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Vornado Realty's redeemable class a unit measurement adjustment?
Vornado Realty (VNO) reported redeemable class a unit measurement adjustment of $113.5M in Q1 2026.
How has Vornado Realty's redeemable class a unit measurement adjustment changed year-over-year?
Vornado Realty's redeemable class a unit measurement adjustment increased by 108.1% year-over-year, from $54.54M to $113.5M.
What is the long-term trend for Vornado Realty's redeemable class a unit measurement adjustment?
Over 4 years (2021 to 2025), Vornado Realty's redeemable class a unit measurement adjustment has grown at a 23.5% compound annual growth rate (CAGR), from -$78.85M to $183.58M.
What does redeemable class a unit measurement adjustment mean?
Non-cash adjustments made to the carrying value of redeemable equity units to reflect their current fair value or redemption amount. This reflects accounting requirements to align the balance sheet value of equity instruments with their potential redemption obligations. It is a technical adjustment that impacts equity valuation without immediate cash flow implications.