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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 0.15
VNO's Cash to Debt is ranked higher than
84% of the 792 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.05 vs. VNO: 0.15 )
VNO' s 10-Year Cash to Debt Range
Min: 0.03   Max: 0.48
Current: 0.15

0.03
0.48
Equity to Asset 0.31
VNO's Equity to Asset is ranked higher than
54% of the 820 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.48 vs. VNO: 0.31 )
VNO' s 10-Year Equity to Asset Range
Min: 0.24   Max: 0.52
Current: 0.31

0.24
0.52
Interest Coverage 0.28
VNO's Interest Coverage is ranked lower than
55% of the 666 Companies
in the Global REIT - Diversified industry.

( Industry Median: 2.49 vs. VNO: 0.28 )
VNO' s 10-Year Interest Coverage Range
Min: 0.13   Max: 3.68
Current: 0.28

0.13
3.68
F-Score: 3
Z-Score: 0.94
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 (%) 7.86
VNO's Operating margin (%) is ranked higher than
51% of the 829 Companies
in the Global REIT - Diversified industry.

( Industry Median: 41.26 vs. VNO: 7.86 )
VNO' s 10-Year Operating margin (%) Range
Min: 4.04   Max: 52.34
Current: 7.86

4.04
52.34
Net-margin (%) 13.65
VNO's Net-margin (%) is ranked higher than
60% of the 830 Companies
in the Global REIT - Diversified industry.

( Industry Median: 32.72 vs. VNO: 13.65 )
VNO' s 10-Year Net-margin (%) Range
Min: 4.86   Max: 52.34
Current: 13.65

4.86
52.34
ROE (%) 4.24
VNO's ROE (%) is ranked higher than
62% of the 836 Companies
in the Global REIT - Diversified industry.

( Industry Median: 6.62 vs. VNO: 4.24 )
VNO' s 10-Year ROE (%) Range
Min: 1.78   Max: 34.08
Current: 4.24

1.78
34.08
ROA (%) 1.38
VNO's ROA (%) is ranked higher than
60% of the 841 Companies
in the Global REIT - Diversified industry.

( Industry Median: 2.94 vs. VNO: 1.38 )
VNO' s 10-Year ROA (%) Range
Min: 0.51   Max: 11.98
Current: 1.38

0.51
11.98
ROC (Joel Greenblatt) (%) 1.10
VNO's ROC (Joel Greenblatt) (%) is ranked higher than
52% of the 748 Companies
in the Global REIT - Diversified industry.

( Industry Median: 6.06 vs. VNO: 1.10 )
VNO' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 0.49   Max: 43.62
Current: 1.1

0.49
43.62
Revenue Growth (%) -10.10
VNO's Revenue Growth (%) is ranked higher than
56% of the 647 Companies
in the Global REIT - Diversified industry.

( Industry Median: -0.40 vs. VNO: -10.10 )
VNO' s 10-Year Revenue Growth (%) Range
Min: -10.1   Max: 47.2
Current: -10.1

-10.1
47.2
EBITDA Growth (%) -19.50
VNO's EBITDA Growth (%) is ranked higher than
53% of the 572 Companies
in the Global REIT - Diversified industry.

( Industry Median: 2.20 vs. VNO: -19.50 )
VNO' s 10-Year EBITDA Growth (%) Range
Min: -19.5   Max: 36.2
Current: -19.5

-19.5
36.2
» VNO's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q4 2013

VNO Guru Trades in Q4 2013

George Soros 84,133 sh (New)
Michael Price 100,000 sh (New)
Steven Cohen 133,662 sh (New)
Ron Baron 109,904 sh (+18.77%)
Mason Hawkins 232,202 sh (unchged)
Third Avenue Management 659,703 sh (-0.15%)
Jeremy Grantham 47,881 sh (-0.31%)
Pioneer Investments 45,100 sh (-15.54%)
Manning & Napier Advisors, Inc 7,590 sh (-18.65%)
Murray Stahl 166,356 sh (-20.13%)
Chris Davis 244,365 sh (-45.4%)
» More
Q1 2014

VNO Guru Trades in Q1 2014

George Soros 338,068 sh (+301.83%)
Ron Baron 150,277 sh (+36.73%)
Michael Price 100,000 sh (unchged)
Manning & Napier Advisors, Inc Sold Out
Third Avenue Management 657,602 sh (-0.32%)
Mason Hawkins 230,700 sh (-0.65%)
Pioneer Investments 42,700 sh (-5.32%)
Murray Stahl 156,923 sh (-5.67%)
Jeremy Grantham 37,600 sh (-21.47%)
Chris Davis 181,487 sh (-25.73%)
Steven Cohen 7,871 sh (-94.11%)
» More
Q2 2014

VNO Guru Trades in Q2 2014

Chris Davis 181,981 sh (+0.27%)
Third Avenue Management 658,989 sh (+0.21%)
Steven Cohen 22,800 sh (unchged)
Ron Baron 150,277 sh (unchged)
Michael Price Sold Out
Mason Hawkins Sold Out
George Soros Sold Out
Pioneer Investments 42,100 sh (-1.41%)
Jeremy Grantham 35,200 sh (-6.38%)
Murray Stahl 134,409 sh (-14.35%)
» More
Q3 2014

VNO Guru Trades in Q3 2014

Jim Simons 216,899 sh (New)
Ray Dalio 3,560 sh (New)
Paul Tudor Jones 9,038 sh (New)
Jeremy Grantham 51,800 sh (+47.16%)
Third Avenue Management 779,628 sh (+18.31%)
Chris Davis 189,327 sh (+4.04%)
Ron Baron 150,277 sh (unchged)
Steven Cohen Sold Out
Pioneer Investments 41,400 sh (-1.66%)
Murray Stahl 92,522 sh (-31.16%)
» 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%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Third Avenue Management 2014-09-30 Add 18.31%0.25%$99.77 - $108.6 $ 110.65%779628
Ray Dalio 2014-09-30 New Buy$99.77 - $108.6 $ 110.65%3560
Michael Price 2014-06-30 Sold Out 1.2%$97.72 - $108.69 $ 110.67%0
George Soros 2014-06-30 Sold Out 0.33%$97.72 - $108.69 $ 110.67%0
Mason Hawkins 2014-06-30 Sold Out 0.12%$97.72 - $108.69 $ 110.67%0
George Soros 2014-03-31 Add 301.83%0.25%$88.64 - $99.29 $ 110.617%338068
Ron Baron 2014-03-31 Add 36.73%0.02%$88.64 - $99.29 $ 110.617%150277
Chris Davis 2014-03-31 Reduce -25.73%0.01%$88.64 - $99.29 $ 110.617%181487
Michael Price 2013-12-31 New Buy1.1%$83.15 - $91.11 $ 110.625%100000
George Soros 2013-12-31 New Buy0.06%$83.15 - $91.11 $ 110.625%84133
Chris Davis 2013-12-31 Reduce -45.4%0.04%$83.15 - $91.11 $ 110.625%244365
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Preferred stocks of Vornado Realty Trust

SymbolPriceYieldDescription
VNORP148.102.19Series A Convertible Preferred Shares of Beneficial Interest
VNOPRI0.006.456.625% Series I Cumulative Redeemable Preferred Shares
VNOPRL0.005.71
VNOPRJ0.006.436 7/8 % Cum Red Pfd Shs of Benef Interest Series -J-
VNOPRK0.005.80
VNOPRG0.006.476.625% Series G Cumulative Redeemable Preferred Shares

Top Ranked Articles about Vornado Realty Trust

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According to GuruFocus list of 52-week highs; Dr. Pepper Snapple Group Inc., Vornado Realty Trust, Edison International, Archer-Daniels Midland Company and Total SA have all reached their 52-week highs. Read more...
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During the past week, GuruFocus recognized five companies as dividend growers. In order to be qualified for this list, the company had to: Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 104.10
VNO's P/E(ttm) is ranked higher than
60% of the 910 Companies
in the Global REIT - Diversified industry.

( Industry Median: 26.60 vs. VNO: 104.10 )
VNO' s 10-Year P/E(ttm) Range
Min: 11.52   Max: 200.11
Current: 104.1

11.52
200.11
P/B 3.96
VNO's P/B is ranked higher than
51% of the 910 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.25 vs. VNO: 3.96 )
VNO' s 10-Year P/B Range
Min: 0.86   Max: 3.96
Current: 3.96

0.86
3.96
P/S 10.06
VNO's P/S is ranked higher than
61% of the 910 Companies
in the Global REIT - Diversified industry.

( Industry Median: 7.84 vs. VNO: 10.06 )
VNO' s 10-Year P/S Range
Min: 2.28   Max: 10.06
Current: 10.06

2.28
10.06
PFCF 53.43
VNO's PFCF is ranked higher than
85% of the 910 Companies
in the Global REIT - Diversified industry.

( Industry Median: 9999.00 vs. VNO: 53.43 )
VNO' s 10-Year PFCF Range
Min: 14.14   Max: 493
Current: 53.43

14.14
493
EV-to-EBIT 196.74
VNO's EV-to-EBIT is ranked higher than
55% of the 910 Companies
in the Global REIT - Diversified industry.

( Industry Median: 33.38 vs. VNO: 196.74 )
VNO' s 10-Year EV-to-EBIT Range
Min: -832.3   Max: 691.3
Current: 196.74

-832.3
691.3
Shiller P/E 53.07
VNO's Shiller P/E is ranked higher than
84% of the 910 Companies
in the Global REIT - Diversified industry.

( Industry Median: 9999.00 vs. VNO: 53.07 )
VNO' s 10-Year Shiller P/E Range
Min: 7.81   Max: 54.24
Current: 53.07

7.81
54.24

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.64
VNO's Dividend Yield is ranked lower than
79% of the 822 Companies
in the Global REIT - Diversified industry.

( Industry Median: 4.40 vs. VNO: 2.64 )
VNO' s 10-Year Dividend Yield Range
Min: 2.13   Max: 12.68
Current: 2.64

2.13
12.68
Dividend Payout 36.82
VNO's Dividend Payout is ranked higher than
52% of the 910 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.31 vs. VNO: 36.82 )
VNO' s 10-Year Dividend Payout Range
Min: 0.2   Max: 6.35
Current: 36.82

0.2
6.35
Dividend growth (3y) 3.90
VNO's Dividend growth (3y) is ranked higher than
70% of the 503 Companies
in the Global REIT - Diversified industry.

( Industry Median: 5.50 vs. VNO: 3.90 )
VNO' s 10-Year Dividend growth (3y) Range
Min: -13.3   Max: 13.9
Current: 3.9

-13.3
13.9
Yield on cost (5-Year) 3.91
VNO's Yield on cost (5-Year) is ranked lower than
60% of the 825 Companies
in the Global REIT - Diversified industry.

( Industry Median: 4.74 vs. VNO: 3.91 )
VNO' s 10-Year Yield on cost (5-Year) Range
Min: 3.09   Max: 18.37
Current: 3.91

3.09
18.37
Share Buyback Rate -0.60
VNO's Share Buyback Rate is ranked higher than
90% of the 610 Companies
in the Global REIT - Diversified industry.

( Industry Median: -6.20 vs. VNO: -0.60 )
VNO' s 10-Year Share Buyback Rate Range
Min: 2.5   Max: -51.9
Current: -0.6

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 4.18
VNO's Price/Tangible Book is ranked higher than
54% of the 910 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.32 vs. VNO: 4.18 )
VNO' s 10-Year Price/Tangible Book Range
Min: 1.07   Max: 8.9
Current: 4.18

1.07
8.9
Price/DCF (Projected) 2.74
VNO's Price/DCF (Projected) is ranked higher than
83% of the 910 Companies
in the Global REIT - Diversified industry.

( Industry Median: 9999.00 vs. VNO: 2.74 )
VNO' s 10-Year Price/DCF (Projected) Range
Min: 0.86   Max: 103.7
Current: 2.74

0.86
103.7
Price/Median PS Value 1.72
VNO's Price/Median PS Value is ranked higher than
57% of the 910 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.22 vs. VNO: 1.72 )
VNO' s 10-Year Price/Median PS Value Range
Min: 0.44   Max: 2.42
Current: 1.72

0.44
2.42
Price/Graham Number 3.08
VNO's Price/Graham Number is ranked higher than
62% of the 910 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.43 vs. VNO: 3.08 )
VNO' s 10-Year Price/Graham Number Range
Min: 0.88   Max: 5.81
Current: 3.08

0.88
5.81
Earnings Yield (Greenblatt) 0.50
VNO's Earnings Yield (Greenblatt) is ranked higher than
50% of the 814 Companies
in the Global REIT - Diversified industry.

( Industry Median: 3.40 vs. VNO: 0.50 )
VNO' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.1   Max: 5.7
Current: 0.5

0.1
5.7
Forward Rate of Return (Yacktman) -11.03
VNO's Forward Rate of Return (Yacktman) is ranked higher than
59% of the 606 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.61 vs. VNO: -11.03 )
VNO' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -31.7   Max: 34.8
Current: -11.03

-31.7
34.8

Business Description

Industry: REITs » REIT - Diversified
Compare:ARI, NLY, IVR, WSR, HRUFF » details
Traded in other countries:VO7.Germany, VNORP.USA
Vornado Realty Trust is a real estate investment trust and conducts its business through Vornado Realty L.P., a Delaware limited partnership. The Company operates in the five business segments New York, Washington, DC, Retail Properties, and Toys "R" Us (Toys). As of December 31, 2013, the New York segment consisted of 27.3 million square feet in 71 properties. The 27.3 million square feet is comprised of 19.8 million square feet of office space in 31 properties, 2.4 million square feet of retail space in 55 properties, four residential properties containing 1,653 units, the 1.4 million square foot Hotel Pennsylvania, and its 32.4% interest in Alexander's, Inc. (Alexander's), which owns six properties in the greater New York metropolitan area. The New York segment also includes 10 garages totaling 1.7 million square feet (4,909 spaces) which are managed by, or leased to, third parties. As of December 31, 2013, the Washington, DC segment consisted of 71 properties aggregating 19.2 million square feet. The 19.2 million square feet is comprised of 16.2 million square feet of office space in 59 properties, seven residential properties containing 2,405 units, a hotel property, and 20.8 acres of undeveloped land. The Washington, DC segment also includes 56 garages totaling approximately 8.9 million square feet (29,611 spaces) which are managed by, or leased to, third parties. As of December 31, 2013, the Retail Properties segment consisted of 112 retail properties aggregating 20.2 million square feet. Of the 112 retail properties, 106 are strip shopping centers and single tenant retail assets located in the Northeast and California, and six are regional malls located in New York, New Jersey, Virginia and San Juan, Puerto Rico. Its strip shopping centers and malls are generally located on major highways in mature, densely populated areas, and therefore attract consumers from a regional, rather than a neighborhood market place. As of December 31, 2013 it owns a 32.6% interest in Toys, a worldwide specialty retailer of toys and baby products. As of December 31, 2013 it owns a 32.6% interest in Toys, a worldwide specialty retailer of toys and baby products. The Company competes with a large number of real estate property owners and developers. The Company's operations and properties are subject to various federal, state and local laws and regulations concerning the protection of the environment, including air and water quality, hazardous or toxic substances and health and safety.
» More Articles for VNO

Headlines

Articles On GuruFocus.com
Weekly 52-Week Highs Highlight: DPS, VNO, EIX, ADM, TOT Apr 08 2014 
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 
CFO of Vornado Realty Trust Stephen W. Theriot Bought 3,100 Shares Jun 11 2013 
Baron Fund's Top 5 Increases of the First Quarter May 16 2013 
Southeastern Asset Reduces Eight, Major Slash on Building Materials May 15 2013 

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