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Vornado Realty VNO Management and leasing fees — Revenue

Other product segments

BMS cleaning fees
$39.34M+7.9%
Tenant services
$11.53M+5.5%
Parking revenues
$5.17M+6.1%

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INVHManagement fee revenues
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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$7.11B-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

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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 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 management and leasing fees — revenue?
Vornado Realty (VNO) reported management and leasing fees — revenue of $2.72M in Q1 2026.
How has Vornado Realty's management and leasing fees — revenue changed year-over-year?
Vornado Realty's management and leasing fees — revenue decreased by 10.4% year-over-year, from $3.03M to $2.72M.
What is the long-term trend for Vornado Realty's management and leasing fees — revenue?
Over 4 years (2021 to 2025), Vornado Realty's management and leasing fees — revenue has grown at a -0.3% compound annual growth rate (CAGR), from $11.73M to $11.56M.
What does management and leasing fees — revenue mean?
This metric represents the revenue generated from providing third-party property management and leasing services to external clients or joint venture partners. It reflects the income earned by the company for its expertise in operating and leasing real estate assets beyond its own core portfolio. This revenue stream serves as a fee-based service component that leverages the company's existing operational infrastructure and market presence.