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Vornado Realty VNO BMS cleaning fees — Revenue

Other product segments

Tenant services
$11.53M+5.5%
Parking revenues
$5.17M+6.1%
Management and leasing fees
$2.72M-10.4%

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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)For the Three Months Ended March 31, 2026 / TotalFor the Three Months Ended March 31, 2026 / New York(1)For the Three Months Ended March 31, 2026 / Other(1)For the Three Months Ended March 31, 2025 / TotalFor the Three Months Ended March 31, 2025 / New York(1)For the Three Months Ended March 31, 2025 / Other(1)
Tenant services11,5328,4643,06810,9358,1602,775
Parking revenues5,1654,0281,1374,8703,8241,046
Rental revenues399,184320,54578,639404,755322,67282,083
BMS cleaning fees39,34342,069(2,726)36,47638,496(2,020)
Management and leasing fees2,7152,922(207)3,0303,205(175)
Other income17,86311,9505,91317,31810,1737,145
Fee and other income59,92156,9412,98056,82451,8744,950
Total revenues$459,105$377,486$81,619$461,579$374,546$87,033

Item 1. Financial Statements of Vornado Realty Trust:

FAQ

What is Vornado Realty's BMS cleaning fees — revenue?
Vornado Realty (VNO) reported BMS cleaning fees — revenue of $39.34M in Q1 2026.
How has Vornado Realty's BMS cleaning fees — revenue changed year-over-year?
Vornado Realty's BMS cleaning fees — revenue increased by 7.9% year-over-year, from $36.48M to $39.34M.
What is the long-term trend for Vornado Realty's BMS cleaning fees — revenue?
Over 4 years (2021 to 2025), Vornado Realty's BMS cleaning fees — revenue has grown at a 7.1% compound annual growth rate (CAGR), from $119.78M to $157.69M.
What does BMS cleaning fees — revenue mean?
This metric represents the total gross revenue generated from building maintenance and cleaning services provided to tenants and property occupants. It reflects the operational scale of facility management services offered by the company's internal service subsidiaries. Investors use this to evaluate the contribution of ancillary service lines to the overall property management revenue stream.

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