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Vornado Realty VNO Investment properties, at cost

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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$7.45B+2.7%
Enterprise value$9.74B+11.7%
P/E9.4×+1.1×
P/S4.1×+0.1×

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:RealEstateInvestmentPropertyAtCost.

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
Buildings and improvements11,076,74410,942,418
Development costs and construction in progress946,797890,143
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

Item 1. Financial Statements of Vornado Realty Trust:

FAQ

What is Vornado Realty's investment properties, at cost?
Vornado Realty (VNO) reported investment properties, at cost of $14.56B in Q1 2026.
How has Vornado Realty's investment properties, at cost changed year-over-year?
Vornado Realty's investment properties, at cost increased by 2.9% year-over-year, from $14.15B to $14.56B.
What is the long-term trend for Vornado Realty's investment properties, at cost?
Over 5 years (2020 to 2025), Vornado Realty's investment properties, at cost has grown at a 3.5% compound annual growth rate (CAGR), from $12.09B to $14.35B.
What does investment properties, at cost mean?
This represents the historical cost of real estate assets held for the purpose of generating rental income or capital appreciation. It serves as a baseline for the total scale of the real estate portfolio before accounting for depreciation or market value adjustments. This metric is essential for understanding the size and scope of the company's physical asset base.

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