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Vornado Realty VNO Property rentals — Operating Lease, Lease Income

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SPGLease income — operating leases
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VTRLease income — operating leases
$353.18M-6.4%

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:OperatingLeaseLeaseIncome.

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 property rentals — operating lease, lease income?
Vornado Realty (VNO) reported property rentals — operating lease, lease income of $373.36M in Q1 2026.
How has Vornado Realty's property rentals — operating lease, lease income changed year-over-year?
Vornado Realty's property rentals — operating lease, lease income decreased by 2.4% year-over-year, from $382.51M to $373.36M.
What is the long-term trend for Vornado Realty's property rentals — operating lease, lease income?
Over 4 years (2021 to 2025), Vornado Realty's property rentals — operating lease, lease income has grown at a 2.0% compound annual growth rate (CAGR), from $1.35B to $1.46B.
What does property rentals — operating lease, lease income mean?
This metric represents the total rental revenue generated from operating leases within a specific business segment or property portfolio. It reflects the core income stream derived from leasing office or retail space to tenants under standard contractual agreements. Monitoring this figure helps investors assess the underlying demand for the company's real estate assets and the stability of its primary revenue source.