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Vornado Realty VNO Other income — Revenue

Other product segments

BMS cleaning fees
$39.34M+7.9%
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 other income — revenue?
Vornado Realty (VNO) reported other income — revenue of $17.86M in Q1 2026.
How has Vornado Realty's other income — revenue changed year-over-year?
Vornado Realty's other income — revenue increased by 3.1% year-over-year, from $17.32M to $17.86M.
What is the long-term trend for Vornado Realty's other income — revenue?
Over 4 years (2021 to 2025), Vornado Realty's other income — revenue has grown at a 25.7% compound annual growth rate (CAGR), from $33.17M to $82.93M.
What does other income — revenue mean?
This metric represents revenue generated from ancillary business activities that fall outside of the company's core office and retail leasing operations. It captures miscellaneous income streams such as service fees, management income, or other non-core contractual arrangements. Monitoring this line item helps investors evaluate the contribution of secondary revenue sources to the overall portfolio performance.

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