Vornado Realty Trust (LSE:0LR2) - Stock Price, News & Analysis

0LR2 Stock Overview

A fully - integrated equity real estate investment trust. More details

0LR2 fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	3/6
Past Performance	0/6
Financial Health	1/6
Dividends	2/6

Rewards

Earnings are forecast to grow 65.96% per year

Trading at good value compared to peers and industry

Risk Analysis

Interest payments are not well covered by earnings

Vornado Realty Trust Competitors

Derwent London

LSE:DLN

UK£2.3b

Great Portland Estates

LSE:GPE

UK£1.2b

Workspace Group

LSE:WKP

UK£1.1b

Globalworth Real Estate Investments

AIM:GWI

€738.5m

Price History & Performance

Summary of all time highs, changes and price drops for Vornado Realty Trust
Historical stock prices
Current Share Price	US$43.27
52 Week High	US$46.61
52 Week Low	US$22.50
Beta	1.62
11 Month Change	3.93%
3 Month Change	27.63%
1 Year Change	56.93%
33 Year Change	1.43%
5 Year Change	-34.01%
Change since IPO	-39.55%

Recent updates

Shareholder Returns

	0LR2	GB Office REITs	GB Market
7D	0.4%	-0.3%	1.1%
1Y	56.9%	-11.4%	9.2%

Return vs Industry: 0LR2 exceeded the UK Office REITs industry which returned -11.4% over the past year.

Return vs Market: 0LR2 exceeded the UK Market which returned 9.2% over the past year.

Price Volatility

Is 0LR2's price volatile compared to industry and market?
0LR2 volatility
0LR2 Average Weekly Movement	4.6%
Office REITs Industry Average Movement	3.5%
Market Average Movement	4.9%
10% most volatile stocks in GB Market	10.4%
10% least volatile stocks in GB Market	2.6%

Stable Share Price: 0LR2 has not had significant price volatility in the past 3 months compared to the UK market.

Volatility Over Time: 0LR2's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1946	2,935	Steve Roth	www.vno.com

Vornado Realty Trust is a fully - integrated equity real estate investment trust.

Vornado Realty Trust Fundamentals Summary

How do Vornado Realty Trust's earnings and revenue compare to its market cap?
0LR2 fundamental statistics
Market cap	US$8.89b
Earnings (TTM)	-US$53.94m
Revenue (TTM)	US$1.87b

4.4x

P/S Ratio

-151.3x

P/E Ratio

Is 0LR2 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
0LR2 income statement (TTM)
Revenue	US$1.87b
Cost of Revenue	US$911.68m
Gross Profit	US$959.50m
Other Expenses	US$1.01b
Earnings	-US$53.94m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.28
Gross Margin	51.28%
Net Profit Margin	-2.88%
Debt/Equity Ratio	132.5%

How did 0LR2 perform over the long term?

See historical performance and comparison

Dividends

1.6%

Current Dividend Yield

25%

Payout Ratio

0LR2 Stock Overview

Rewards

Risk Analysis

Vornado Realty Trust Competitors

LSE:DLN

UK£2.3b

LSE:GPE

UK£1.2b

LSE:WKP

UK£1.1b

AIM:GWI

€738.5m

Price History & Performance

Recent News & Updates

Third quarter 2024 earnings released: US$0.019 loss per share (vs US$0.28 profit in 3Q 2023)

New minor risk - Share price stability

New major risk - Revenue and earnings growth

Now 22% undervalued

Now 20% undervalued after recent price drop

New minor risk - Share price stability

Recent updates

Third quarter 2024 earnings released: US$0.019 loss per share (vs US$0.28 profit in 3Q 2023)

New minor risk - Share price stability

New major risk - Revenue and earnings growth

Now 22% undervalued

Now 20% undervalued after recent price drop

New minor risk - Share price stability

New minor risk - Earnings quality

First quarter 2024 earnings released: US$0.047 loss per share (vs US$0.027 profit in 1Q 2023)

New major risk - Revenue and earnings growth

New major risk - Revenue and earnings growth

Now 20% undervalued

Full year 2023 earnings released: EPS: US$0.23 (vs US$2.13 loss in FY 2022)

New major risk - Revenue and earnings growth

Trustee recently sold US$18m worth of stock

Independent Trustee recently sold US$877k worth of stock

Independent Trustee recently sold US$1.8m worth of stock

Vornado Realty Trust Declares Dividend, Payable on December 27, 2023

New minor risk - Share price stability

Third quarter 2023 earnings released: EPS: US$0.28 (vs US$0.04 in 3Q 2022)

Vornado Realty Trust Names Jason Kirschner Executive Vice President - Head of Capital Markets

Vornado Realty Trust to Report Q3, 2024 Results on Nov 04, 2024

Second quarter 2023 earnings released: EPS: US$0.24 (vs US$0.26 in 2Q 2022)

An unknown buyer entered into an agreement to acquire Four Manhattan Retail Properties from Vornado Realty Trust (NYSE:VNO).

Now 21% undervalued

First quarter 2023 earnings released: FFO per share: US$0.6 (vs US$0.81 in 1Q 2022)

Insufficient new directors

Now 21% undervalued after recent price drop

Full year 2022 earnings released: US$2.13 loss per share (vs US$0.53 profit in FY 2021)

Investor sentiment improves as stock rises 20%

Now 21% undervalued

Vornado Realty Trust Declares Quarterly Dividend, Payable on February 10, 2023

Now 22% undervalued after recent price drop

Third quarter 2022 earnings released: FFO per share: US$0.8 (vs US$0.83 in 3Q 2021)

Vornado Realty Trust Declares Quarterly Dividend on Common Shares, Payable on November 18, 2022

Vornado Realty Trust to Report Q3, 2023 Results on Oct 30, 2023

Second quarter 2022 earnings released: EPS: US$0.26 (vs US$0.25 in 2Q 2021)

Vornado Realty Trust Declares Quarterly Dividend on Common Shares, Payable on August 19, 2022

Vornado Trust Appoints Lauren Brust Moss as the Company’S Senior Vice President – Chief Sustainability Officer

An unknown buyer completed the acquisition of Center Building from Vornado Realty Trust (NYSE:VNO).

First quarter 2022 earnings released: EPS: US$0.14 (vs US$0.021 in 1Q 2021)

Vornado Realty Trust Declares Quarterly Dividend on Common Shares, Payable on May 20, 2022

Independent Trustee recently sold US$5.0m worth of stock

Vornado Realty Trust, Annual General Meeting, May 19, 2022

Vornado Realty Trust Announces Board Changes

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Insufficient new directors

K Property Group, LLC and Lasalle Global Partner Solutions Limited completed the acquisition of Retail property in 478-482 Broadway, Manhattan from Vornado Realty Trust (NYSE:VNO).

Third quarter 2021 earnings released: EPS US$0.33 (vs US$0.28 in 3Q 2020)

An unknown buyer entered into an agreement to acquire Retail property located at 677,679, 759 ,771 and 828,850 Madison Avenue in Manhattan from Vornado Realty Trust (NYSE:VNO).

Second quarter 2021 earnings released: EPS US$0.25 (vs US$1.04 loss in 2Q 2020)

First quarter 2021 earnings released: FFO US$0.62 per share (vs US$0.68 in 1Q 2020)

Vornado Declares Quarterly Dividend on Common Shares, Payable on May 21, 2021

New 90-day high: US$45.12

Vornado Realty Trust(NYSE:VNO.PRL) dropped from S&P U.S. Preferred Stock Index

AvalonBay Communities Names Benjamin Schall as President and Updates on CEO Succession Plan

Vornado Realty Trust Announces Overhead Reduction Program

Shareholder Returns

Price Volatility

About the Company