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Vornado Realty VNO New York — Operating Costs and Expenses

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$43.2M+2.1%

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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: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)For the Three Months Ended March 31, 2026 / TotalFor the Three Months Ended March 31, 2026 / New YorkFor the Three Months Ended March 31, 2026 / Other
Total revenues$459,105$377,486$81,619
Deduct: operating expenses(1)(246,631)(203,428)(43,203)
Deduct: NOI attributable to noncontrolling interests in consolidated subsidiaries(8,659)(2,945)(5,714)
Add: NOI from partially owned entities68,30865,4362,872
NOI at share$272,123$236,549$35,574

Item 1. Financial Statements of Vornado Realty Trust:

FAQ

What is Vornado Realty's new york — operating costs and expenses?
Vornado Realty (VNO) reported new york — operating costs and expenses of $203.43M in Q1 2026.
How has Vornado Realty's new york — operating costs and expenses changed year-over-year?
Vornado Realty's new york — operating costs and expenses increased by 11.5% year-over-year, from $182.42M to $203.43M.
What is the long-term trend for Vornado Realty's new york — operating costs and expenses?
Over 4 years (2021 to 2025), Vornado Realty's new york — operating costs and expenses has grown at a 5.1% compound annual growth rate (CAGR), from $626.39M to $765.54M.
What does new york — operating costs and expenses mean?
Includes all direct costs associated with operating, maintaining, and managing the New York property portfolio. This encompasses property taxes, utilities, insurance, and on-site personnel expenses required to sustain asset performance.

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