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Vornado Realty VNO Manhattan — Costs capitalized subsequent to acquisition

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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:RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements.

The official record: Vornado Realty’s 10-K, filed February 13, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is Vornado Realty's manhattan — costs capitalized subsequent to acquisition?
Vornado Realty (VNO) reported manhattan — costs capitalized subsequent to acquisition of $4.13B in Q4 2022.
What does manhattan — costs capitalized subsequent to acquisition mean?
The cumulative value of capital expenditures, such as renovations or major repairs, added to the basis of Manhattan properties after their initial purchase. This indicates ongoing investment in maintaining or increasing the value of the portfolio.