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Vornado Realty VNO Noncontrolling interests in subsidiaries

Noncontrolling interests in subsidiaries at other companies

JBG SMITH Properties logo
JBG SMITH PropertiesJBGS
$11.57M
SEG
Seaport Entertainment GroupSEG
$9.9M0.0%
American Assets Trust logo
American Assets TrustAAT
-$68.13M-35.5%
Cousins Properties logo
Cousins PropertiesCUZ
$22.32M-4.3%
Piedmont Office Realty Trust logo
Piedmont Office Realty TrustPDM
$1.5M-0.9%
Douglas Emmett logo
Douglas EmmettDEI
$1.68B+5.3%

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+7.0%
Enterprise value$9.66B+15.5%
P/E9.3×+1.4×
P/S4.1×+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:MinorityInterest.

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
Common shares of beneficial interest: $0.04 par value per share; authorized 250,000,000 shares; issued and outstanding 188,097,756 and 190,666,367 shares7,5247,627
Additional capital8,407,1408,288,363
Earnings less than distributions(3,594,200)(3,491,603)
Accumulated other comprehensive income (loss)15,221(5)
Total shareholders' equity6,018,0305,986,727
Noncontrolling interests in consolidated subsidiaries164,742169,845
Total equity6,182,7726,156,572
$15,919,537$15,521,118

Item 1. Financial Statements of Vornado Realty Trust:

FAQ

What is Vornado Realty's noncontrolling interests in subsidiaries?
Vornado Realty (VNO) reported noncontrolling interests in subsidiaries of $164.74M in Q1 2026.
How has Vornado Realty's noncontrolling interests in subsidiaries changed year-over-year?
Vornado Realty's noncontrolling interests in subsidiaries decreased by 6.3% year-over-year, from $175.85M to $164.74M.
What is the long-term trend for Vornado Realty's noncontrolling interests in subsidiaries?
Over 5 years (2020 to 2025), Vornado Realty's noncontrolling interests in subsidiaries has grown at a -16.4% compound annual growth rate (CAGR), from $414.96M to $169.85M.
What does noncontrolling interests in subsidiaries mean?
This represents the portion of a subsidiary's net assets that is owned by outside shareholders rather than the parent company. It is reported within equity to show the total value of the subsidiary's assets and liabilities that are not attributable to the parent. It reflects the non-controlling stake in consolidated entities.

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