Vornado Realty Trust (VNO)
NYSE: VNO · Real-Time Price · USD
27.23
-1.08 (-3.81%)
Mar 6, 2026, 12:09 PM EST - Market open

Vornado Realty Trust Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 2020 - 2016
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 2020 - 2016
Rental Revenue
1,5581,5691,6071,6081,425
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Other Revenue
306.33331.34225.97296.99280.62
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Total Revenue
1,8651,9001,8331,9051,705
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Revenue Growth (YoY
-1.87%3.64%-3.74%11.70%42.23%
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Property Expenses
919.96927.8905.16873.91797.32
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Selling, General & Administrative
156.12148.52162.88133.73134.55
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Depreciation & Amortization
462.2447.5434.27504.5412.35
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Total Operating Expenses
1,5381,5241,5021,5121,344
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Operating Income
326.3376.33331.14392.53360.94
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Interest Expense
-330.4-348.52-338.23-279.34-207.37
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Interest & Investment Income
55.1145.9743.2923.4115.68
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Other Non-Operating Income
-25.46-46.99-16.67-13.05-5.94
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EBT Excluding Unusual Items
25.5526.819.52123.55163.32
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Gain (Loss) on Sale of Investments
87.16-16.4-566.0314.58
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Gain (Loss) on Sale of Assets
838.5416.0571.2100.6350.77
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Asset Writedown
-0.54--45.01-19.1-7.88
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Other Unusual Items
-----23.73
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Pretax Income
950.7142.8562.11-360.95197.06
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Income Tax Expense
13.5122.7329.2221.66-10.5
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Earnings From Continuing Operations
937.220.1232.89-382.61207.55
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Net Income to Company
937.220.1232.89-382.61207.55
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Minority Interest in Earnings
-32.2550.2772.6136.11-31.55
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Net Income
904.9670.39105.49-346.5176
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Preferred Dividends & Other Adjustments
62.162.1162.1262.1374.95
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Net Income to Common
842.858.2843.38-408.63101.05
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Net Income Growth
1185.68%-33.28%---
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Basic Shares Outstanding
192191191192192
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Diluted Shares Outstanding
201197192192192
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Shares Change (YoY)
2.25%2.49%0.04%-0.18%0.51%
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EPS (Basic)
4.400.040.23-2.130.53
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EPS (Diluted)
4.200.040.23-2.130.53
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EPS Growth
10398.18%-82.39%---
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Dividend Per Share
0.7400.7400.6752.1202.120
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Dividend Growth
-9.63%-68.16%--10.92%
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Operating Margin
17.50%19.80%18.06%20.61%21.17%
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Profit Margin
45.20%0.43%2.37%-21.45%5.93%
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EBITDA
788.11820.8760.15891.85764.04
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EBITDA Margin
42.27%43.20%41.46%46.82%44.81%
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D&A For Ebitda
461.82444.47429.01499.32403.1
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EBIT
326.3376.33331.14392.53360.94
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EBIT Margin
17.50%19.80%18.06%20.61%21.17%
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Funds From Operations (FFO)
485.42468.47---
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FFO Per Share
2.422.37---
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Adjusted Funds From Operations (AFFO)
485.42468.47---
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AFFO Per Share
2.412.36---
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FFO Payout Ratio
29.10%30.12%---
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Effective Tax Rate
1.42%53.05%47.05%--
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Revenue as Reported
1,8101,7881,8111,8001,589
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Source: S&P Capital IQ. Real Estate template. Financial Sources.