VNO (Vornado Realty Trust) EPS without NRI: $-0.44 (TTM As of Mar. 2026)


VNO Vornado Realty Trust VNO
76 GF Score
Price $40.70
GF Value $32.25
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Vornado Realty Trust EPS without NRI?

Vornado Realty Trust VNO +0.30% 76 EPS without NRI is $-0.44 as of Mar. 2026. GuruFocus rates VNO with a GF Score™ of 76/100 and a GF Value™ of $32.25 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 678 REITs companies, Vornado Realty Trust ranks worse than 94.25% on this metric.

Vornado Realty Trust's earnings per share without non-recurring items for the three months ended in Mar. 2026 was $-0.12. Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Mar. 2026 was $-0.44.

During the past 12 months, Vornado Realty Trust's average earnings per share (NRI) Growth Rate was -211.10% per year. During the past 3 years, the average earnings per share (NRI) Growth Rate was -54.50% per year. During the past 10 years, the average earnings per share (NRI) Growth Rate was 0.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EPS without NRI Growth Rate using Earnings per share without Non-Recurring Items (NRI) data.

The historical rank and industry rank for Vornado Realty Trust's EPS without NRI or its related term are showing as below:

VNO' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -54.5   Med: 2.15   Max: 283.6
Current: -54.5

During the past 13 years, Vornado Realty Trust's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 283.60% per year. The lowest was -54.50% per year. And the median was 2.15% per year.

VNO's 3-Year EPS without NRI Growth Rate is ranked worse than
94.25% of 678 companies
in the REITs industry
Industry Median: 0.7 vs VNO: -54.50

Vornado Realty Trust's EPS (Diluted) for the three months ended in Mar. 2026 was $-0.12. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $3.64.

Vornado Realty Trust's EPS (Basic) for the three months ended in Mar. 2026 was $-0.12. Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was $3.81.


Vornado Realty Trust  (NYSE:VNO) EPS without NRI Explanation

EPS without NRI removes onetime and unusual items from EPS, to provide investors with a more accurate measure of the company’s true earnings. The earnings are adjusted for items that are irregular or unusual in nature, and/or are non-recurring. This is calculated using Net Income (Continuing Operations) plus/minus any tax affected unusual Items and Goodwill Impairments/Write Offs. This can be used to fairly measure a company's profitability.


Be Aware

Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.

If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.


Vornado Realty Trust EPS without NRI Related Terms


Vornado Realty Trust EPS without NRI Historical Data

* Premium members only.

The historical data trend for Vornado Realty Trust's EPS without NRI 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 EPS without NRI Chart

Vornado Realty Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EPS without NRI
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.35 0.66 0.27 -0.00 0.06

Vornado Realty Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EPS without NRI 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 0.36 -0.31 0.05 -0.05 -0.12

VNO vs ARE, CUZ, KRC: EPS without NRI Comparison

For the REIT - Office subindustry, Vornado Realty Trust's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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 PE Ratio without NRI vs REITs Industry

For the REITs industry and Real Estate sector, Vornado Realty Trust's PE Ratio without NRI distribution charts can be found below:

* The bar in red indicates where Vornado Realty Trust's PE Ratio without NRI falls into.


VNO
76GF Score
Vornado Realty Trust VNO
EPS without NRI is just one metric. See GF Score™, valuation, warning signs, and more.
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Vornado Realty Trust EPS without NRI Calculation

Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.

Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock.

EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.44

* 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 EPS without NRI →
What does a EPS without NRI of $-0.44 mean?
Vornado Realty Trust (VNO) has a EPS without NRI of $-0.44 as of Mar. 2026. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Vornado Realty Trust and its competitors. According to the industry distribution chart, Vornado Realty Trust ranks #639 out of 678 companies in the REITs industry, placing it in the top 94.2%.
Is Vornado Realty Trust's EPS without NRI too high?
Vornado Realty Trust's current EPS without NRI is $-0.44. Based on the distribution chart, Vornado Realty Trust ranks #639 out of 678 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Vornado Realty Trust has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vornado Realty Trust's EPS without NRI compare to ARE and CUZ?
According to the REITs industry distribution chart, Vornado Realty Trust ranks #639 out of 678 companies for EPS without NRI. This places Vornado Realty Trust in the lower half of its industry. The industry median EPS without NRI is 0.70. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EPS without NRI for a REITs company?
The median EPS without NRI among REITs companies is 0.70, based on 678 companies in the industry. Companies in the top quartile (top 25%) have a EPS without NRI significantly above this median, while those in the bottom quartile fall well below. However, EPS without NRI 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 EPS without NRI mean?
A high EPS without NRI can signal that a stock is expensive relative to its fundamentals. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Vornado Realty Trust and its competitors. For the REITs industry, the median EPS without NRI is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vornado Realty Trust's current EPS without NRI is $-0.44. 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 (VNO) is currently considered Modestly Overvalued. The stock's GF Value™ is $32.25, compared to a current price of $40.70 — trading 26.2% above its estimated fair value. The current EPS without NRI is $-0.44. Vornado Realty Trust's overall GF Score™ is 76/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EPS without NRI calculated?
EPS without NRI is calculated from a company's financial statements. For Vornado Realty Trust (VNO), the current EPS without NRI is $-0.44 as of Mar. 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 (VNO) Overvalued in 2026?

Based on GuruFocus' analysis, Vornado Realty Trust stock appears to be overvalued. The current stock price of $40.70 is trading 26.2% above its estimated GF Value™ of $32.25. GuruFocus considers Vornado Realty Trust to be Modestly Overvalued.

Key valuation signals for VNO:

  • EPS without NRI: $-0.44
  • GF Value™: $32.25 vs. price of $40.70 (26.2% above fair value)
  • GF Score™: 76/100 with 9 warning signs

No single metric tells the full story. See the VNO 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.
76GF Score

Get the complete analysis for VNO

EPS without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$40.70
Price
$32.25
GF Value