What is Vornado Realty's amortization of below market lease?

Vornado Realty (VNO) reported amortization of below market lease of $101K in Q1 2026.

How has Vornado Realty's amortization of below market lease changed year-over-year?

Vornado Realty's amortization of below market lease increased by 14.8% year-over-year, from $88K to $101K.

What is the long-term trend for Vornado Realty's amortization of below market lease?

Over 4 years (2021 to 2025), Vornado Realty's amortization of below market lease has grown at a -54.9% compound annual growth rate (CAGR), from $9.25M to $383K.

Vornado Realty VNO Amortization Of Below Market Lease

Amortization Of Below Market Lease at other companies

Vornado RealtyVNO

$101K+14.8%

Stag IndustrialSTAG

-$509K+12.8%

ARE

Alexandria Real Estate EquitiesARE

-$5.62M+63.1%

Rexford Industrial RealtyREXR

-$4.65M+49.4%

Agree RealtyADC

$10.68M+24.9%

CareTrustCTRE

-$1K-100%

Other financials

Income statement

See full

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

See full

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:AmortizationOfBelowMarketLease.

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 amortization of below market lease?: Vornado Realty (VNO) reported amortization of below market lease of $101K in Q1 2026.
How has Vornado Realty's amortization of below market lease changed year-over-year?: Vornado Realty's amortization of below market lease increased by 14.8% year-over-year, from $88K to $101K.
What is the long-term trend for Vornado Realty's amortization of below market lease?: Over 4 years (2021 to 2025), Vornado Realty's amortization of below market lease has grown at a -54.9% compound annual growth rate (CAGR), from $9.25M to $383K.