Vornado’s portfolio is concentrated in the nation’s key market — New York City — along with the premier asset in both Chicago and San Francisco.
Solid track record average dividend payer.
Share Price & News
How has Vornado Realty Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: VNO.PRM has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: VNO.PRM exceeded the US REITs industry which returned 11.6% over the past year.
Return vs Market: VNO.PRM exceeded the US Market which returned 10.2% over the past year.
Price Volatility Vs. Market
How volatile is Vornado Realty Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Vornado Realty Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: VNO.PRM ($26.18) is trading above our estimate of fair value ($26.16)
Significantly Below Fair Value: VNO.PRM is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: VNO.PRM is good value based on its PE Ratio (3.5x) compared to the REITs industry average (36.3x).
PE vs Market: VNO.PRM is good value based on its PE Ratio (3.5x) compared to the US market (17.1x).
Price to Earnings Growth Ratio
PEG Ratio: VNO.PRM's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: VNO.PRM is good value based on its PB Ratio (1.9x) compared to the US REITs industry average (1.9x).
How is Vornado Realty Trust forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VNO.PRM's earnings are forecast to decline over the next 3 years (-132% per year).
Earnings vs Market: VNO.PRM's earnings are forecast to decline over the next 3 years (-132% per year).
High Growth Earnings: VNO.PRM's earnings are forecast to decline over the next 3 years.
Revenue vs Market: VNO.PRM's revenue (0.9% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: VNO.PRM's revenue (0.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: VNO.PRM's Return on Equity is forecast to be low in 3 years time (2.9%).
How has Vornado Realty Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VNO.PRM has a large one-off gain of $3.2B impacting its December 31 2019 financial results.
Growing Profit Margin: VNO.PRM's current net profit margins are higher than last year (17.7%).
Past Earnings Growth Analysis
Earnings Trend: VNO.PRM's earnings have grown significantly by 49.6% per year over the past 5 years.
Accelerating Growth: VNO.PRM's earnings growth over the past year (706.3%) exceeds its 5-year average (49.6% per year).
Earnings vs Industry: VNO.PRM earnings growth over the past year (706.3%) exceeded the REITs industry 5%.
Return on Equity
High ROE: VNO.PRM's Return on Equity (40.7%) is considered outstanding.
How is Vornado Realty Trust's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: VNO.PRM has a high level of physical assets or inventory.
Debt Coverage by Assets: VNO.PRM's debt is not covered by short term assets (assets are 0.4x debt).
Financial Institutions Analysis
Asset Level: VNO.PRM's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if VNO.PRM has a sufficient allowance for bad loans.
Low Risk Liabilities: VNO.PRM reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if VNO.PRM has an acceptable proportion of non-loan assets held.
Low Risk Deposits: VNO.PRM has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if VNO.PRM has an appropriate level of bad loans.
What is Vornado Realty Trust's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: VNO.PRM's dividend (4.59%) is higher than the bottom 25% of dividend payers in the US market (1.53%).
High Dividend: VNO.PRM's dividend (4.59%) is in the top 25% of dividend payers in the US market (3.96%)
Stability and Growth of Payments
Stable Dividend: VNO.PRM's dividend payments have been volatile in the past 10 years.
Growing Dividend: VNO.PRM's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (55.2%), VNO.PRM's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: VNO.PRM's dividends in 3 years are forecast to be thoroughly covered by earnings (0.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Steve Roth (77yo)
Mr. Steven Roth, also known as Steve, has been the Chairman of the Board and Chief Executive Officer at Vornado Realty Trust General Partner of Vornado Realty L.P. since May 1989 and April 15, 2013 respect ...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD11.60M) is about average for companies of similar size in the US market ($USD10.78M).
Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.
|Chairman of the Board & CEO||6.8yrs||US$11.60m||2% $234.6m|
|Executive VP||3yrs||US$4.46m||0.055% $6.4m|
|Vice Chairman||22.8yrs||US$5.97m||0.17% $20.4m|
|Executive VP & Chief Accounting Officer||7.8yrs||no data||no data|
|Chief Information Officer & Executive VP||14.4yrs||no data||no data|
|Director of Investor Relations||0yrs||no data||no data|
|Executive Vice President of Tax & Compliance||3.5yrs||no data||no data|
|Vice President of Development||0yrs||no data||no data|
|Executive Vice President of Marketing||0yrs||no data||no data|
Experienced Management: VNO.PRM's management team is seasoned and experienced (6.8 years average tenure).
|Chairman of the Board & CEO||6.8yrs||US$11.60m||2% $234.6m|
|Independent Trustee||1.1yrs||no data||0.0026% $307.8k|
|Independent Trustee||41.1yrs||US$228.77k||0.28% $33.2m|
|Independent Trustee||41.1yrs||US$228.77k||0.23% $26.8m|
|Independent Trustee||38.1yrs||US$278.77k||0.014% $1.7m|
|Independent Trustee||3.2yrs||US$248.77k||no data|
|Lead Trustee||3.9yrs||US$328.77k||0.0036% $422.9k|
|Independent Trustee||8.1yrs||US$253.77k||0.029% $3.4m|
Experienced Board: VNO.PRM's board of directors are seasoned and experienced ( 23.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Vornado Realty Trust's company bio, employee growth, exchange listings and data sources
- Name: Vornado Realty Trust
- Ticker: VNO.PRM
- Exchange: NYSE
- Industry: Office REITs
- Sector: Real Estate
- Implied Market Cap: US$11.746b
- Market Cap: US$10.395b
- Shares outstanding: 204.28m
- Website: https://www.vno.com
Number of Employees
- Vornado Realty Trust
- 888 Seventh Avenue
- New York
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|VNO||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Jan 1968|
|VO7||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Jan 1968|
|0LR2||LSE (London Stock Exchange)||Yes||Common Shares||GB||USD||Jan 1968|
|VNO.PRL||NYSE (New York Stock Exchange)||PFD SER L 5.40%||US||USD||Jan 2013|
|VNOR.P||OTCPK (Pink Sheets LLC)||PFD CONV SER A||US||USD||Oct 2013|
|VNO.PRM||NYSE (New York Stock Exchange)||5.25% CUM PFD M||US||USD||Dec 2017|
|V1NO34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH 1 REPR 1 COM||BR||BRL||Jan 2020|
Vornado’s portfolio is concentrated in the nation’s key market — New York City — along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2019. In 2012, Vornado commemorated 50 years on the NYSE.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/28 02:49|
|End of Day Share Price||2020/02/27 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.