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Vornado Realty VNO Tenant services — Revenue
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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 / Total | For 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 / Total | For the Three Months Ended March 31, 2025 / New York(1) | For the Three Months Ended March 31, 2025 / Other(1) |
|---|---|---|---|---|---|---|
| Trade shows | 6,602 | — | 6,602 | 6,436 | — | 6,436 |
| Sales-type lease income | 2,530 | 2,530 | — | — | — | — |
| Lease revenues(2) | 382,487 | 308,053 | 74,434 | 388,950 | 310,688 | 78,262 |
| Tenant services | 11,532 | 8,464 | 3,068 | 10,935 | 8,160 | 2,775 |
| Parking revenues | 5,165 | 4,028 | 1,137 | 4,870 | 3,824 | 1,046 |
| Rental revenues | 399,184 | 320,545 | 78,639 | 404,755 | 322,672 | 82,083 |
| BMS cleaning fees | 39,343 | 42,069 | (2,726) | 36,476 | 38,496 | (2,020) |
| Management and leasing fees | 2,715 | 2,922 | (207) | 3,030 | 3,205 | (175) |
Item 1. Financial Statements of Vornado Realty Trust:
FAQ
- What is Vornado Realty's tenant services — revenue?
- Vornado Realty (VNO) reported tenant services — revenue of $11.53M in Q1 2026.
- How has Vornado Realty's tenant services — revenue changed year-over-year?
- Vornado Realty's tenant services — revenue increased by 5.5% year-over-year, from $10.94M to $11.53M.
- What is the long-term trend for Vornado Realty's tenant services — revenue?
- Over 4 years (2021 to 2025), Vornado Realty's tenant services — revenue has grown at a 4.8% compound annual growth rate (CAGR), from $37.45M to $45.24M.
- What does tenant services — revenue mean?
- This metric represents the total revenue generated from ancillary services provided to tenants within the company's real estate portfolio, excluding property tax reimbursements. It reflects the income derived from value-added offerings such as building management services, utilities, or specialized tenant support. Monitoring this revenue stream helps assess the company's ability to monetize its property management operations beyond base rental income.
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