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Vornado Realty VNO Total costs & expenses

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Segments

By segment

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New York$203.43M+11.5%
Other$43.2M+2.1%

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$7.27B+0.2%
Enterprise value$9.56B+9.6%
P/E9.1×+0.8×
P/S0.0×

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:OperatingCostsAndExpenses.

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 per share amounts)For the Three Months Ended March 31, 2026For the Three Months Ended March 31, 2025
Fee and other income59,92156,824
Total revenues459,105461,579
EXPENSES:
Operating(246,631)(224,740)
Depreciation and amortization(118,528)(116,155)
General and administrative(42,245)(38,597)
(Expense) income from deferred compensation plan liability(581)1,089
Transaction related costs and other(762)(43)

Item 1. Financial Statements of Vornado Realty Trust:

FAQ

What is Vornado Realty's total costs & expenses?
Vornado Realty (VNO) reported total costs & expenses of $246.63M in Q1 2026.
How has Vornado Realty's total costs & expenses changed year-over-year?
Vornado Realty's total costs & expenses increased by 9.7% year-over-year, from $224.74M to $246.63M.
What is the long-term trend for Vornado Realty's total costs & expenses?
Over 4 years (2021 to 2025), Vornado Realty's total costs & expenses has grown at a 3.6% compound annual growth rate (CAGR), from $797.32M to $919.96M.
What does total costs & expenses mean?
This represents the aggregate of all operating and non-operating costs incurred by the entity to generate revenue during the reporting period. It includes property-level operating expenses, depreciation, administrative overhead, and other charges necessary to maintain business operations. Monitoring this metric helps investors assess the company's overall cost structure and operational efficiency.

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