Vornado Realty Trust (VNO)
Real Estate · Diversified real estate investment trust (office, retail, residential)
A major U.S. real estate operator and developer with a diversified portfolio of office, retail, and residential properties focused on high-value markets like Manhattan, Chicago, and San Francisco.
What Vornado Realty Trust does
Vornado Realty Trust is a fully-integrated REIT that owns and operates a diversified real estate portfolio, primarily through its operating partnership. The company owns or co-owns approximately 51 Manhattan properties (19.2M sq ft of office, 2.3M sq ft of street retail, and 1,331 residential units), along with major assets including THE MART in Chicago, 555 California Street in San Francisco, and a 32.4% stake in Alexander's Inc. Vornado also engages in development and redevelopment projects, such as PENN 2 and Sunset Pier 94 Studios, and owns BMS, a subsidiary providing cleaning and security services.
Themes: ["Office real estate / Manhattan markets","Retail property management","Residential real estate development","Urban redevelopment projects","Capital appreciation strategies"]
Fundamentals
- Price$38.16 as of 2026-07-09 close
- Market cap$7.3B as of 2026-07-09
- 1-year return+1.1% as of 2026-07-09 close
- P/E9.23 as of 2026-07-09
- Net margin+44.0% as of 2026-07-09
- Gross margin+47.9% as of 2026-07-09
- ROE+13.2% as of 2026-07-09
- Debt / equity1.28 as of 2026-07-09
- Revenue growth (YoY)-0.3% as of 2026-07-09
- Revenue CAGR (3y)+0.2% SEC XBRL
- Beta1.55 as of 2026-07-09
Dividend: yield +2.3%; 3-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
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Competitors & peers
- Empire State Realty Trust (ESRT)
- SL Green Realty (SLG)
- RXR Acquisition Corp
- Boston Properties (BXP)
- Paramount Group (PGRE)
- Port Authority / Regional competitors
Fundamentals: Finnhub, as of 2026-07-09. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.