VNO Stock Overview
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 Realty Trust Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$33.90|
|52 Week High||US$50.91|
|52 Week Low||US$32.48|
|1 Month Change||-17.30%|
|3 Month Change||-18.96%|
|1 Year Change||-25.77%|
|3 Year Change||-49.67%|
|5 Year Change||-63.21%|
|Change since IPO||350.00%|
Recent News & Updates
Vornado Realty Trust: Over 6% Dividend Yield On Premier NYC Properties
Vornado Realty Trust owns a portfolio of premier real estate assets in New York City, the most populous city in the country. The company's interests are located in highly trafficked districts, such as Times Square. While NYC faces challenges, its resilience in the face of adversity is unmatched. Shares in VNO are currently trading at similar levels as in 2020, a period marked with significant societal restrictions, especially in NYC. For investors seeking to add quality properties to their REIT portfolios, VNO is one name with upside potential and an attractive dividend yield of more than 6%.
|VNO||US REITs||US Market|
Return vs Industry: VNO underperformed the US REITs industry which returned -2.1% over the past year.
Return vs Market: VNO underperformed the US Market which returned -12.3% over the past year.
|VNO Average Weekly Movement||4.3%|
|REITs Industry Average Movement||4.4%|
|Market Average Movement||7.8%|
|10% most volatile stocks in US Market||16.8%|
|10% least volatile stocks in US Market||2.9%|
Stable Share Price: VNO is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: VNO's weekly volatility (4%) has been stable over the past year.
About the Company
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.
Vornado Realty Trust Fundamentals Summary
|VNO fundamental statistics|
Is VNO overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|VNO income statement (TTM)|
|Cost of Revenue||US$823.03m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Aug 01, 2022
|Earnings per share (EPS)||0.64|
|Net Profit Margin||6.97%|
How did VNO perform over the long term?See historical performance and comparison
6.3%Current Dividend Yield
Is Vornado Realty Trust undervalued compared to its fair value and its price relative to the market?
Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: VNO ($33.9) is trading below our estimate of fair value ($76.57)
Significantly Below Fair Value: VNO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: VNO is poor value based on its Price-To-Earnings Ratio (52.7x) compared to the US REITs industry average (32.4x).
PE vs Market: VNO is poor value based on its Price-To-Earnings Ratio (52.7x) compared to the US market (15.1x).
Price to Earnings Growth Ratio
PEG Ratio: VNO is poor value based on its PEG Ratio (16.4x)
Price to Book Ratio
PB vs Industry: VNO is good value based on its Price-To-Book Ratio (1.3x) compared to the US REITs industry average (1.6x).
How is Vornado Realty Trust forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VNO's forecast earnings growth (3.2% per year) is above the savings rate (1.9%).
Earnings vs Market: VNO's earnings (3.2% per year) are forecast to grow slower than the US market (12.3% per year).
High Growth Earnings: VNO's earnings are forecast to grow, but not significantly.
Revenue vs Market: VNO's revenue (5% per year) is forecast to grow slower than the US market (7.8% per year).
High Growth Revenue: VNO's revenue (5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: VNO's Return on Equity is forecast to be low in 3 years time (2.2%).
How has Vornado Realty Trust performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VNO has a large one-off gain of $40.5M impacting its March 31 2022 financial results.
Growing Profit Margin: VNO became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: VNO's earnings have declined by 8.8% per year over the past 5 years.
Accelerating Growth: VNO has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: VNO has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (69.5%).
Return on Equity
High ROE: VNO's Return on Equity (3.3%) is considered low.
How is Vornado Realty Trust's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: VNO's short term assets ($2.0B) exceed its short term liabilities ($541.8M).
Long Term Liabilities: VNO's short term assets ($2.0B) do not cover its long term liabilities ($9.8B).
Debt to Equity History and Analysis
Debt Level: VNO's net debt to equity ratio (106.3%) is considered high.
Reducing Debt: VNO's debt to equity ratio has reduced from 120.9% to 120.7% over the past 5 years.
Debt Coverage: VNO's debt is not well covered by operating cash flow (8.2%).
Interest Coverage: VNO's interest payments on its debt are not well covered by EBIT (2x coverage).
What is Vornado Realty Trust current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: VNO's dividend (6.25%) is higher than the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: VNO's dividend (6.25%) is in the top 25% of dividend payers in the US market (4.05%)
Stability and Growth of Payments
Stable Dividend: VNO's dividend payments have been volatile in the past 10 years.
Growing Dividend: VNO's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (77.6%), VNO's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (61.2%), VNO's dividend payments are covered by cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Steve Roth (79 yo)
Mr. Steven Roth, also known as Steve, has been the Chairman Emeritus at JBG SMITH Properties since May 13, 2021. He has been the Chairman of the Board and Chief Executive Officer at Vornado Realty Trust, G...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD9.76M) is about average for companies of similar size in the US market ($USD8.23M).
Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.
Experienced Management: VNO's management team is considered experienced (3.1 years average tenure).
Experienced Board: VNO's board of directors are seasoned and experienced ( 12.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: VNO insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Vornado Realty Trust's employee growth, exchange listings and data sources
- Name: Vornado Realty Trust
- Ticker: VNO
- Exchange: NYSE
- Founded: NaN
- Industry: Office REITs
- Sector: Real Estate
- Implied Market Cap: US$6.941b
- Market Cap: US$6.500b
- Shares outstanding: 204.73m
- Website: https://www.vno.com
Number of Employees
- Vornado Realty Trust
- 888 Seventh Avenue
- New York
- New York
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/24 00:00|
|End of Day Share Price||2022/05/24 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.