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Vornado Realty VNO Other — Add: NOI from partially owned entities

Other segment segments

New York
$65.44M+2.5%

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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 vno:NetOperatingIncomeLossfromEquityMethodInvestments.

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 other — add: NOI from partially owned entities?
Vornado Realty (VNO) reported other — add: NOI from partially owned entities of $2.87M in Q1 2026.
How has Vornado Realty's other — add: NOI from partially owned entities changed year-over-year?
Vornado Realty's other — add: NOI from partially owned entities decreased by 11.7% year-over-year, from $3.25M to $2.87M.
What is the long-term trend for Vornado Realty's other — add: NOI from partially owned entities?
Over 4 years (2021 to 2025), Vornado Realty's other — add: NOI from partially owned entities has grown at a -0.2% compound annual growth rate (CAGR), from $10.14M to $10.05M.
What does other — add: NOI from partially owned entities mean?
Represents the company's proportional share of net operating income derived from joint ventures or partially owned entities within the 'Other' segment. It highlights the income contribution from assets where the company does not hold full ownership.

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