Vornado Realty Trust (LTS:0LR2) Debt-to-Asset : 0.52 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LTS:0LR2 Vornado Realty Trust LTS:0LR2
70 GF Score
Price $36.86
GF Value $34.32
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Vornado Realty Trust Debt-to-Asset?

Vornado Realty Trust LTS:0LR2 -4.80% 70 Debt-to-Asset is 0.52 as of Jun. 2026. GuruFocus rates LTS:0LR2 with a GF Score™ of 70/100 and a GF Value™ of $34.32 (Fairly Valued). The stock has 7 warning signs investors should review.

Vornado Realty Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $918 Mil. Vornado Realty Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $7,223 Mil. Vornado Realty Trust's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2026 was $15,611 Mil. Vornado Realty Trust's debt to asset for the quarter that ended in Jun. 2026 was 0.52.


Vornado Realty Trust  (LTS:0LR2) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.


Vornado Realty Trust Debt-to-Asset Related Terms


Vornado Realty Trust Debt-to-Asset Historical Data

* Premium members only.

The historical data trend for Vornado Realty Trust's Debt-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Vornado Realty Trust Debt-to-Asset Chart

Vornado Realty Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.52 0.55 0.56 0.56 0.51

Vornado Realty Trust Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.50 0.50 0.51 0.53 0.52

LTS:0LR2 vs ARE, CUZ, KRC: Debt-to-Asset Comparison

For the REIT - Office subindustry, Vornado Realty Trust's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Vornado Realty Trust Debt-to-Asset vs REITs Industry

For the REITs industry and Real Estate sector, Vornado Realty Trust's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Vornado Realty Trust's Debt-to-Asset falls into.


LTS:0LR2
70GF Score
Vornado Realty Trust LTS:0LR2
Debt-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vornado Realty Trust Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Vornado Realty Trust's Debt-to-Asset for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(720.42 + 7164.848) / 15521.118
=0.51

Vornado Realty Trust's Debt-to-Asset for the quarter that ended in Jun. 2026 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(918 + 7222.925) / 15611.168
=0.52

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Debt-to-Asset →
What does a Debt-to-Asset of 0.52 mean?
Vornado Realty Trust (LTS:0LR2) has a Debt-to-Asset of 0.52 as of Jun. 2026. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Vornado Realty Trust and its competitors.
Is Vornado Realty Trust's Debt-to-Asset too high?
Vornado Realty Trust's current Debt-to-Asset is 0.52. Overall, Vornado Realty Trust has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Vornado Realty Trust's Debt-to-Asset compare to ARE and CUZ?
Vornado Realty Trust's Debt-to-Asset of 0.52 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Asset for a REITs company?
A good Debt-to-Asset depends on the REITs industry context. However, Debt-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Asset mean?
A high Debt-to-Asset can signal that a stock is expensive relative to its fundamentals. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Vornado Realty Trust and its competitors. Vornado Realty Trust's current Debt-to-Asset is 0.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vornado Realty Trust stock overvalued right now?
Based on GuruFocus' analysis, Vornado Realty Trust (LTS:0LR2) is currently considered Fairly Valued. The stock's GF Value™ is $34.32, compared to a current price of $36.86 — trading 7.4% above its estimated fair value. The current Debt-to-Asset is 0.52. Vornado Realty Trust's overall GF Score™ is 70/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Asset calculated?
Debt-to-Asset is calculated from a company's financial statements. For Vornado Realty Trust (LTS:0LR2), the current Debt-to-Asset is 0.52 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Vornado Realty Trust (LTS:0LR2) Overvalued in 2026?

Based on GuruFocus' analysis, Vornado Realty Trust stock appears to be overvalued. The current stock price of $36.86 is trading 7.4% above its estimated GF Value™ of $34.32. GuruFocus considers Vornado Realty Trust to be Fairly Valued.

Key valuation signals for LTS:0LR2:

  • Debt-to-Asset: 0.52
  • GF Value™: $34.32 vs. price of $36.86 (7.4% above fair value)
  • GF Score™: 70/100 with 7 warning signs

No single metric tells the full story. See the LTS:0LR2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vornado Realty Trust Business Description

Industry Real EstateREITs
Address 888 Seventh Avenue, New York, NY, USA, 10019
Vornado Realty Trust is a fully integrated real estate investment trust with a portfolio of New York City office, retail, and multifamily assets, and the developer of the new Penn District. While concentrated in New York, the trust also owns assets in both Chicago and San Francisco. It generates revenue in the form of property rentals, fees charged for trade shows, parking revenues, management and leasing fees, etc. Vornado operates in the following reportable segments: New York (its key revenue-generating market) and Other.
70GF Score

Get the complete analysis for LTS:0LR2

Debt-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$36.86
Price
$34.32
GF Value