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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 603 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: 0.05  Med: 0.09 Max: 0.37
Current: 0.14
0.05
0.37
Equity-to-Asset 0.33
VNO's Equity-to-Asset is ranked lower than
80% of the 632 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: 0.24  Med: 0.33 Max: 0.52
Current: 0.33
0.24
0.52
Interest Coverage 1.37
VNO's Interest Coverage is ranked lower than
87% of the 770 Companies
in the Global REIT - Diversified industry.

( Industry Median: 3.78 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
8.60%
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 : 5/10

vs
industry
vs
history
Operating Margin % 21.98
VNO's Operating Margin % is ranked lower than
72% of the 637 Companies
in the Global REIT - Diversified industry.

( Industry Median: 45.85 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 higher than
50% of the 638 Companies
in the Global REIT - Diversified industry.

( Industry Median: 36.19 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
80% of the 642 Companies
in the Global REIT - Diversified industry.

( Industry Median: 6.26 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
65% of the 646 Companies
in the Global REIT - Diversified industry.

( Industry Median: 3.09 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: 3.5 Max: 37
Current: 2.5
-7.5
37
3-Year EBITDA Growth Rate -2.90
VNO's 3-Year EBITDA Growth Rate is ranked lower than
68% of the 456 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: 2.1 Max: 34.8
Current: -2.9
-11.6
34.8
GuruFocus has detected 4 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: 2017-05-02)


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

» Details

Guru Trades

Q1 2016

VNO Guru Trades in Q1 2016

Michael Price 2,600 sh (New)
Paul Tudor Jones 13,680 sh (New)
Ray Dalio 39,646 sh (+76.75%)
Manning & Napier Advisors, Inc 81,892 sh (+73.60%)
Pioneer Investments 19,900 sh (+2.58%)
Murray Stahl 7,455 sh (-20.85%)
Jim Simons 230,599 sh (-27.46%)
Third Avenue Management 772,214 sh (-37.53%)
Chris Davis 71,157 sh (-66.53%)
» More
Q2 2016

VNO Guru Trades in Q2 2016

RS Investment Management 85,130 sh (New)
Pioneer Investments 21,900 sh (+10.05%)
Michael Price 2,600 sh (unchged)
Chris Davis 71,160 sh (unchged)
Ray Dalio Sold Out
Paul Tudor Jones Sold Out
Jim Simons 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

Paul Tudor Jones 2,071 sh (New)
Ron Baron 121,352 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
» 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
VNORP161.132.02Series A Convertible Preferred Shares of Beneficial Interest
VNOPRI25.473.256.625% Series I Cumulative Redeemable Preferred Shares
VNOPRL24.052.81Cum Red Pfd Shs Series -L-
VNOPRJCL25.296.806 7/8 % Cum Red Pfd Shs of Benef Interest Series -J-
VNOPRK24.852.875.7% Pfd Series K
VNOPRG25.553.246.625% Series G Cumulative Redeemable Preferred Shares

Business Description

Industry: REITs » REIT - Diversified    NAICS: 531120    SIC: 6798
Compare:OTCPK:BMNM » details
Traded in other countries:VO7.Germany,
Vornado Realty Trust is a 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 23.31
VNO's PE Ratio is ranked lower than
64% of the 771 Companies
in the Global REIT - Diversified industry.

( Industry Median: 16.73 vs. VNO: 23.31 )
Ranked among companies with meaningful PE Ratio only.
VNO' s PE Ratio Range Over the Past 10 Years
Min: 10.23  Med: 27.83 Max: 1182.12
Current: 23.31
10.23
1182.12
Forward PE Ratio 43.29
VNO's Forward PE Ratio is ranked lower than
83% of the 268 Companies
in the Global REIT - Diversified industry.

( Industry Median: 17.36 vs. VNO: 43.29 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 23.52
VNO's PE Ratio without NRI is ranked lower than
64% of the 683 Companies
in the Global REIT - Diversified industry.

( Industry Median: 17.37 vs. VNO: 23.52 )
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: 37.65 Max: 652.5
Current: 23.52
14.46
652.5
Price-to-Owner-Earnings 21.80
VNO's Price-to-Owner-Earnings is ranked lower than
62% of the 300 Companies
in the Global REIT - Diversified industry.

( Industry Median: 16.19 vs. VNO: 21.80 )
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: 32.12 Max: 226.25
Current: 21.8
16.64
226.25
PB Ratio 3.26
VNO's PB Ratio is ranked lower than
93% of the 754 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.13 vs. VNO: 3.26 )
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: 3.26
0.78
4.26
PS Ratio 7.64
VNO's PS Ratio is ranked higher than
50% of the 765 Companies
in the Global REIT - Diversified industry.

( Industry Median: 7.56 vs. VNO: 7.64 )
Ranked among companies with meaningful PS Ratio only.
VNO' s PS Ratio Range Over the Past 10 Years
Min: 2.07  Med: 6.1 Max: 9.75
Current: 7.64
2.07
9.75
Price-to-Free-Cash-Flow 2803.33
VNO's Price-to-Free-Cash-Flow is ranked lower than
99% of the 402 Companies
in the Global REIT - Diversified industry.

( Industry Median: 18.96 vs. VNO: 2803.33 )
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: 36.13 Max: 3059.17
Current: 2803.33
6.01
3059.17
Price-to-Operating-Cash-Flow 19.14
VNO's Price-to-Operating-Cash-Flow is ranked lower than
70% of the 668 Companies
in the Global REIT - Diversified industry.

( Industry Median: 14.88 vs. VNO: 19.14 )
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: 18.21 Max: 33.52
Current: 19.14
5.56
33.52
EV-to-EBIT 54.02
VNO's EV-to-EBIT is ranked lower than
91% of the 822 Companies
in the Global REIT - Diversified industry.

( Industry Median: 20.61 vs. VNO: 54.02 )
Ranked among companies with meaningful EV-to-EBIT only.
VNO' s EV-to-EBIT Range Over the Past 10 Years
Min: -776.6  Med: 46.1 Max: 1999.9
Current: 54.02
-776.6
1999.9
EV-to-EBITDA 25.96
VNO's EV-to-EBITDA is ranked lower than
81% of the 846 Companies
in the Global REIT - Diversified industry.

( Industry Median: 16.91 vs. VNO: 25.96 )
Ranked among companies with meaningful EV-to-EBITDA only.
VNO' s EV-to-EBITDA Range Over the Past 10 Years
Min: -25.7  Med: 23.9 Max: 38.2
Current: 25.96
-25.7
38.2
PEG Ratio 18.08
VNO's PEG Ratio is ranked lower than
88% of the 234 Companies
in the Global REIT - Diversified industry.

( Industry Median: 2.07 vs. VNO: 18.08 )
Ranked among companies with meaningful PEG Ratio only.
VNO' s PEG Ratio Range Over the Past 10 Years
Min: 2  Med: 9.36 Max: 101.06
Current: 18.08
2
101.06
Shiller PE Ratio 32.69
VNO's Shiller PE Ratio is ranked lower than
63% of the 198 Companies
in the Global REIT - Diversified industry.

( Industry Median: 24.29 vs. VNO: 32.69 )
Ranked among companies with meaningful Shiller PE Ratio only.
VNO' s Shiller PE Ratio Range Over the Past 10 Years
Min: 8.11  Med: 24.53 Max: 38.59
Current: 32.69
8.11
38.59

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 2.58
VNO's Dividend Yield % is ranked lower than
99.99% of the 912 Companies
in the Global REIT - Diversified industry.

( Industry Median: 5.20 vs. VNO: 2.58 )
Ranked among companies with meaningful Dividend Yield % only.
VNO' s Dividend Yield % Range Over the Past 10 Years
Min: 2.29  Med: 3.38 Max: 14
Current: 2.58
2.29
14
Dividend Payout Ratio 0.59
VNO's Dividend Payout Ratio is ranked higher than
90% of the 702 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.88 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 393 Companies
in the Global REIT - Diversified industry.

( Industry Median: 4.30 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: 5.7 Max: 13.9
Current: -4.8
-13.3
13.9
Forward Dividend Yield % 2.81
VNO's Forward Dividend Yield % is ranked lower than
99.99% of the 916 Companies
in the Global REIT - Diversified industry.

( Industry Median: 5.21 vs. VNO: 2.81 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 2.28
VNO's 5-Year Yield-on-Cost % is ranked lower than
99.99% of the 915 Companies
in the Global REIT - Diversified industry.

( Industry Median: 6.13 vs. VNO: 2.28 )
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: 3.04 Max: 12.59
Current: 2.28
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 423 Companies
in the Global REIT - Diversified industry.

( Industry Median: -5.80 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: -10.9  Med: -5.6 Max: -0.3
Current: -0.3
-10.9
-0.3

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 3.37
VNO's Price-to-Tangible-Book is ranked lower than
92% of the 741 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.14 vs. VNO: 3.37 )
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: 2.49 Max: 3.82
Current: 3.37
1.55
3.82
Price-to-Intrinsic-Value-Projected-FCF 2.39
VNO's Price-to-Intrinsic-Value-Projected-FCF is ranked lower than
74% of the 344 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.23 vs. VNO: 2.39 )
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: 0.89  Med: 2.47 Max: 25.65
Current: 2.39
0.89
25.65
Price-to-Median-PS-Value 1.26
VNO's Price-to-Median-PS-Value is ranked lower than
75% of the 663 Companies
in the Global REIT - Diversified industry.

( Industry Median: 9999.00 vs. VNO: 1.26 )
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: 0.89 Max: 1.86
Current: 1.26
0.46
1.86
Price-to-Graham-Number 1.88
VNO's Price-to-Graham-Number is ranked lower than
84% of the 627 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.06 vs. VNO: 1.88 )
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: 1.73 Max: 9.63
Current: 1.88
1.04
9.63
Earnings Yield (Greenblatt) % 1.85
VNO's Earnings Yield (Greenblatt) % is ranked lower than
85% of the 857 Companies
in the Global REIT - Diversified industry.

( Industry Median: 4.62 vs. VNO: 1.85 )
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: 1.85
0.1
6.3
Forward Rate of Return (Yacktman) % 4.68
VNO's Forward Rate of Return (Yacktman) % is ranked higher than
55% of the 384 Companies
in the Global REIT - Diversified industry.

( Industry Median: 2.44 vs. VNO: 4.68 )
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: 1.45 Max: 17.3
Current: 4.68
-22.5
17.3

More Statistics

Revenue (TTM) (Mil) $2,506
EPS (TTM) $ 4.33
Beta1.18
Short Percentage of Float2.60%
52-Week Range $86.35 - 111.72
Shares Outstanding (Mil)189.16

Analyst Estimate

Dec17 Dec18 Dec19
Revenue (Mil $) 2,641 2,809 2,912
EPS ($) 2.33 2.87 3.04
EPS without NRI ($) 2.33 2.87 3.04
EPS Growth Rate
(Future 3Y To 5Y Estimate)
-4.10%
Dividends per Share ($) 2.72 3.20 3.40
» More Articles for VNO

Headlines

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Kinder Morgan Leads Dividend Growers of the Week Jan 21 2014 
Thomson Reuters and Chevron Highlight GuruFocus' Top Dividend Growers of the Week Nov 04 2013 
Top Five Guru-Held REITs as of Q2 Sep 16 2013 
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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