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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash-to-Debt 0.14
VNO's Cash-to-Debt is ranked higher than
71% of the 655 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.06 vs. VNO: 0.14 )
Ranked among companies with meaningful Cash-to-Debt only.
VNO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02  Med: 0.09 Max: 0.37
Current: 0.14
0.02
0.37
Equity-to-Asset 0.33
VNO's Equity-to-Asset is ranked lower than
82% of the 684 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.51 vs. VNO: 0.33 )
Ranked among companies with meaningful Equity-to-Asset only.
VNO' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.01  Med: 0.32 Max: 0.52
Current: 0.33
-0.01
0.52
Interest Coverage 1.37
VNO's Interest Coverage is ranked lower than
87% of the 664 Companies
in the Global REIT - Diversified industry.

( Industry Median: 3.72 vs. VNO: 1.37 )
Ranked among companies with meaningful Interest Coverage only.
VNO' s Interest Coverage Range Over the Past 10 Years
Min: 0.13  Med: 1.25 Max: 2.01
Current: 1.37
0.13
2.01
Beneish M-Score: -2.56
WACC vs ROIC
7.34%
3.26%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 4/10

vs
industry
vs
history
Operating Margin % 21.98
VNO's Operating Margin % is ranked lower than
75% of the 692 Companies
in the Global REIT - Diversified industry.

( Industry Median: 49.17 vs. VNO: 21.98 )
Ranked among companies with meaningful Operating Margin % only.
VNO' s Operating Margin % Range Over the Past 10 Years
Min: 4.04  Med: 25.48 Max: 30.38
Current: 21.98
4.04
30.38
Net Margin % 36.19
VNO's Net Margin % is ranked lower than
53% of the 693 Companies
in the Global REIT - Diversified industry.

( Industry Median: 39.81 vs. VNO: 36.19 )
Ranked among companies with meaningful Net Margin % only.
VNO' s Net Margin % Range Over the Past 10 Years
Min: 5.27  Med: 26.27 Max: 37.4
Current: 36.19
5.27
37.4
ROE % 12.47
VNO's ROE % is ranked higher than
79% of the 696 Companies
in the Global REIT - Diversified industry.

( Industry Median: 6.34 vs. VNO: 12.47 )
Ranked among companies with meaningful ROE % only.
VNO' s ROE % Range Over the Past 10 Years
Min: 0.82  Med: 9.01 Max: 12.47
Current: 12.47
0.82
12.47
ROA % 4.33
VNO's ROA % is ranked higher than
63% of the 700 Companies
in the Global REIT - Diversified industry.

( Industry Median: 3.31 vs. VNO: 4.33 )
Ranked among companies with meaningful ROA % only.
VNO' s ROA % Range Over the Past 10 Years
Min: 0.51  Med: 3.04 Max: 4.33
Current: 4.33
0.51
4.33
3-Year Revenue Growth Rate 2.50
VNO's 3-Year Revenue Growth Rate is ranked higher than
50% of the 500 Companies
in the Global REIT - Diversified industry.

( Industry Median: 2.50 vs. VNO: 2.50 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
VNO' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -7.5  Med: 6.5 Max: 47.5
Current: 2.5
-7.5
47.5
3-Year EBITDA Growth Rate -2.90
VNO's 3-Year EBITDA Growth Rate is ranked lower than
69% of the 457 Companies
in the Global REIT - Diversified industry.

( Industry Median: 4.30 vs. VNO: -2.90 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
VNO' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -11.6  Med: 9.1 Max: 44.7
Current: -2.9
-11.6
44.7
GuruFocus has detected 3 Warning Signs with Vornado Realty Trust $VNO.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» VNO's 10-Y Financials

Financials (Next Earnings Date: 2017-05-03)


Revenue & Net Income
Equity & Asset
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q2 2016

VNO Guru Trades in Q2 2016

RS Investment Management 85,130 sh (New)
Pioneer Investments 21,900 sh (+10.05%)
Chris Davis 71,160 sh (unchged)
Michael Price 2,600 sh (unchged)
Jim Simons Sold Out
Ray Dalio Sold Out
Paul Tudor Jones Sold Out
Manning & Napier Advisors, Inc 78,500 sh (-4.14%)
Third Avenue Management 732,814 sh (-5.10%)
Murray Stahl 6,393 sh (-14.25%)
» More
Q3 2016

VNO Guru Trades in Q3 2016

Ron Baron 121,352 sh (New)
Paul Tudor Jones 2,071 sh (New)
Chris Davis 105,816 sh (+48.70%)
Michael Price 2,600 sh (unchged)
Murray Stahl 6,001 sh (-6.13%)
Pioneer Investments 20,300 sh (-7.31%)
Third Avenue Management 624,314 sh (-14.81%)
Manning & Napier Advisors, Inc 59,380 sh (-24.36%)
» More
Q4 2016

VNO Guru Trades in Q4 2016

Paul Tudor Jones 29,616 sh (+1330.03%)
Michael Price 6,000 sh (+130.77%)
Ron Baron 171,352 sh (+41.20%)
Chris Davis 107,723 sh (+1.80%)
Murray Stahl 6,043 sh (+0.70%)
Ronald Muhlenkamp 21,000 sh (unchged)
Third Avenue Management 599,214 sh (-4.02%)
Pioneer Investments 19,200 sh (-5.42%)
Manning & Napier Advisors, Inc 47,810 sh (-19.48%)
» More
Q1 2017

VNO Guru Trades in Q1 2017

Manning & Napier Advisors, Inc Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with VNO

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Preferred stocks of Vornado Realty Trust

SymbolPriceYieldDescription
VNORP153.372.12Series A Convertible Preferred Shares of Beneficial Interest
VNOPRI25.761.616.625% Series I Cumulative Redeemable Preferred Shares
VNOPRL25.011.35Cum Red Pfd Shs Series -L-
VNOPRJCL25.296.806 7/8 % Cum Red Pfd Shs of Benef Interest Series -J-
VNOPRK25.471.405.7% Pfd Series K
VNOPRG25.621.626.625% Series G Cumulative Redeemable Preferred Shares

Business Description

Industry: REITs » REIT - Diversified    NAICS: 531120    SIC: 6798
Compare:NYSE:NLY, NYSE:VER, OTCPK:DXSPF, NYSE:CLNS, NAS:GLPI, NAS:LAMR, NYSE:WPC, ARCA:ESBA, NYSE:STWD, OTCPK:FBASF, OTCPK:MRPRF, OTCPK:HRUFF, NAS:CONE, NYSE:SRC, OTCPK:DWVYF, NYSE:STOR, NYSE:CXW, NAS:EQIX, NYSE:CIM, NYSE:OUT » details
Traded in other countries:VO7.Germany,
Headquarter Location:USA
Vornado Realty Trust ia fully‑integrated real estate investment trust, which conducts its business through Vornado Realty L.P., a Delaware limited partnership. It invests in retail and office properties.

Vornado owns and has ownership interest in Class A office and retail properties highly concentrated in New York and Washington, D.C., with additional properties in San Francisco and Chicago. It operates as a real estate investment trust.

Top Ranked Articles about Vornado Realty Trust

9 Stocks Pioneer Investment Keeps Buying Firm bought real estate and tobacco in the last 2 quarters
Pioneer Investment Management operates in wide areas of investment vehicles, such as Mutual Funds, Single Manager Hedge Funds, Funds of Hedge Funds, Structured Products, Segregated and Managed Accounts and Institutional Funds. In both the first and second quarters, the firm bought shares in the following stocks: Read more...

Ratios

vs
industry
vs
history
PE Ratio 22.23
VNO's PE Ratio is ranked lower than
63% of the 613 Companies
in the Global REIT - Diversified industry.

( Industry Median: 16.89 vs. VNO: 22.23 )
Ranked among companies with meaningful PE Ratio only.
VNO' s PE Ratio Range Over the Past 10 Years
Min: 10.23  Med: 27.8 Max: 1182.12
Current: 22.23
10.23
1182.12
Forward PE Ratio 41.15
VNO's Forward PE Ratio is ranked lower than
80% of the 342 Companies
in the Global REIT - Diversified industry.

( Industry Median: 19.49 vs. VNO: 41.15 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 22.43
VNO's PE Ratio without NRI is ranked lower than
63% of the 612 Companies
in the Global REIT - Diversified industry.

( Industry Median: 17.20 vs. VNO: 22.43 )
Ranked among companies with meaningful PE Ratio without NRI only.
VNO' s PE Ratio without NRI Range Over the Past 10 Years
Min: 14.46  Med: 37.96 Max: 652.5
Current: 22.43
14.46
652.5
Price-to-Owner-Earnings 20.79
VNO's Price-to-Owner-Earnings is ranked lower than
62% of the 288 Companies
in the Global REIT - Diversified industry.

( Industry Median: 15.72 vs. VNO: 20.79 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
VNO' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 16.64  Med: 32.91 Max: 226.25
Current: 20.79
16.64
226.25
PB Ratio 3.11
VNO's PB Ratio is ranked lower than
94% of the 685 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.12 vs. VNO: 3.11 )
Ranked among companies with meaningful PB Ratio only.
VNO' s PB Ratio Range Over the Past 10 Years
Min: 0.78  Med: 2.63 Max: 4.26
Current: 3.11
0.78
4.26
PS Ratio 7.28
VNO's PS Ratio is ranked lower than
52% of the 655 Companies
in the Global REIT - Diversified industry.

( Industry Median: 7.50 vs. VNO: 7.28 )
Ranked among companies with meaningful PS Ratio only.
VNO' s PS Ratio Range Over the Past 10 Years
Min: 2.07  Med: 6.13 Max: 9.75
Current: 7.28
2.07
9.75
Price-to-Free-Cash-Flow 2673.33
VNO's Price-to-Free-Cash-Flow is ranked lower than
99% of the 319 Companies
in the Global REIT - Diversified industry.

( Industry Median: 19.07 vs. VNO: 2673.33 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
VNO' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 6.01  Med: 36.17 Max: 3059.17
Current: 2673.33
6.01
3059.17
Price-to-Operating-Cash-Flow 18.25
VNO's Price-to-Operating-Cash-Flow is ranked lower than
71% of the 567 Companies
in the Global REIT - Diversified industry.

( Industry Median: 14.68 vs. VNO: 18.25 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
VNO' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 5.56  Med: 18.34 Max: 33.52
Current: 18.25
5.56
33.52
EV-to-EBIT 52.44
VNO's EV-to-EBIT is ranked lower than
90% of the 892 Companies
in the Global REIT - Diversified industry.

( Industry Median: 21.84 vs. VNO: 52.44 )
Ranked among companies with meaningful EV-to-EBIT only.
VNO' s EV-to-EBIT Range Over the Past 10 Years
Min: -776.6  Med: 46.5 Max: 1999.9
Current: 52.44
-776.6
1999.9
EV-to-EBITDA 25.20
VNO's EV-to-EBITDA is ranked lower than
81% of the 904 Companies
in the Global REIT - Diversified industry.

( Industry Median: 17.01 vs. VNO: 25.20 )
Ranked among companies with meaningful EV-to-EBITDA only.
VNO' s EV-to-EBITDA Range Over the Past 10 Years
Min: -25.7  Med: 23.8 Max: 38.2
Current: 25.2
-25.7
38.2
PEG Ratio 17.23
VNO's PEG Ratio is ranked lower than
88% of the 240 Companies
in the Global REIT - Diversified industry.

( Industry Median: 2.17 vs. VNO: 17.23 )
Ranked among companies with meaningful PEG Ratio only.
VNO' s PEG Ratio Range Over the Past 10 Years
Min: 2.22  Med: 9.4 Max: 101.06
Current: 17.23
2.22
101.06
Shiller PE Ratio 30.87
VNO's Shiller PE Ratio is ranked lower than
62% of the 198 Companies
in the Global REIT - Diversified industry.

( Industry Median: 24.18 vs. VNO: 30.87 )
Ranked among companies with meaningful Shiller PE Ratio only.
VNO' s Shiller PE Ratio Range Over the Past 10 Years
Min: 8.08  Med: 25.42 Max: 42.2
Current: 30.87
8.08
42.2

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 2.70
VNO's Dividend Yield % is ranked lower than
99.99% of the 918 Companies
in the Global REIT - Diversified industry.

( Industry Median: 5.21 vs. VNO: 2.70 )
Ranked among companies with meaningful Dividend Yield % only.
VNO' s Dividend Yield % Range Over the Past 10 Years
Min: 2.29  Med: 3.33 Max: 14
Current: 2.7
2.29
14
Dividend Payout Ratio 0.59
VNO's Dividend Payout Ratio is ranked higher than
90% of the 706 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.06 vs. VNO: 0.59 )
Ranked among companies with meaningful Dividend Payout Ratio only.
VNO' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.59  Med: 1.3 Max: 29.64
Current: 0.59
0.59
29.64
3-Year Dividend Growth Rate -4.80
VNO's 3-Year Dividend Growth Rate is ranked lower than
79% of the 392 Companies
in the Global REIT - Diversified industry.

( Industry Median: 4.20 vs. VNO: -4.80 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
VNO' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -13.3  Med: 8.9 Max: 77.6
Current: -4.8
-13.3
77.6
Forward Dividend Yield % 2.95
VNO's Forward Dividend Yield % is ranked lower than
99.99% of the 920 Companies
in the Global REIT - Diversified industry.

( Industry Median: 5.45 vs. VNO: 2.95 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 2.43
VNO's 5-Year Yield-on-Cost % is ranked lower than
99.99% of the 920 Companies
in the Global REIT - Diversified industry.

( Industry Median: 6.04 vs. VNO: 2.43 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
VNO' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 2.06  Med: 2.99 Max: 12.59
Current: 2.43
2.06
12.59
3-Year Average Share Buyback Ratio -0.30
VNO's 3-Year Average Share Buyback Ratio is ranked higher than
86% of the 425 Companies
in the Global REIT - Diversified industry.

( Industry Median: -5.70 vs. VNO: -0.30 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
VNO' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -20.6  Med: -6.75 Max: -0.3
Current: -0.3
-20.6
-0.3

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 3.21
VNO's Price-to-Tangible-Book is ranked lower than
93% of the 677 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.13 vs. VNO: 3.21 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
VNO' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.55  Med: 2.66 Max: 30.35
Current: 3.21
1.55
30.35
Price-to-Intrinsic-Value-Projected-FCF 2.28
VNO's Price-to-Intrinsic-Value-Projected-FCF is ranked lower than
73% of the 256 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.25 vs. VNO: 2.28 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
VNO' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 1.58  Med: 2.73 Max: 25.65
Current: 2.28
1.58
25.65
Price-to-Median-PS-Value 1.19
VNO's Price-to-Median-PS-Value is ranked lower than
71% of the 521 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.08 vs. VNO: 1.19 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
VNO' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.46  Med: 0.98 Max: 1.98
Current: 1.19
0.46
1.98
Price-to-Graham-Number 1.79
VNO's Price-to-Graham-Number is ranked lower than
82% of the 539 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.95 vs. VNO: 1.79 )
Ranked among companies with meaningful Price-to-Graham-Number only.
VNO' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.04  Med: 1.94 Max: 9.63
Current: 1.79
1.04
9.63
Earnings Yield (Greenblatt) % 1.91
VNO's Earnings Yield (Greenblatt) % is ranked lower than
84% of the 914 Companies
in the Global REIT - Diversified industry.

( Industry Median: 4.46 vs. VNO: 1.91 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
VNO' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 0.1  Med: 2.1 Max: 6.3
Current: 1.91
0.1
6.3
Forward Rate of Return (Yacktman) % 4.74
VNO's Forward Rate of Return (Yacktman) % is ranked higher than
55% of the 385 Companies
in the Global REIT - Diversified industry.

( Industry Median: 2.48 vs. VNO: 4.74 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
VNO' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -22.5  Med: 1.35 Max: 16.7
Current: 4.74
-22.5
16.7

More Statistics

Revenue (TTM) (Mil) $2,506
EPS (TTM) $ 4.33
Beta1.18
Short Percentage of Float1.91%
52-Week Range $86.35 - 111.72
Shares Outstanding (Mil)189.29

Analyst Estimate

Dec17 Dec18 Dec19
Revenue (Mil $) 2,652 2,762 2,928
EPS ($) 2.34 2.54 3.09
EPS without NRI ($) 2.34 2.54 3.09
EPS Growth Rate
(Future 3Y To 5Y Estimate)
-0.12%
Dividends per Share ($) 2.72 2.86 3.40
» More Articles for VNO

Headlines

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GuruFocus Names 5 Dividend Growers Aug 05 2013 
Weekly Top Insider Buys Jun 17 2013 
ServiceSource, Vornado and Signature Group Report Large CEO and CFO Buys Jun 12 2013 

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