Vornado Realty TrustVNO -0.84%75 FCF Margin % is 10.40% as of Mar. 2026, which is 73% below its 10-year median of 38.53. GuruFocus rates VNO with a GF Score™ of 75/100 and a GF Value™ of $32.08 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 936 REITs companies, Vornado Realty Trust ranks better than 77.14% on this metric.
The historical rank and industry rank for Vornado Realty Trust's FCF Margin % or its related term are showing as below:
VNO'
s FCF Margin % Range Over the Past 10 Years
Min: 1.91 Med: 38.53 Max: 69.51
Current: 69.37
During the past 13 years, the highest FCF Margin % of Vornado Realty Trust was 69.51%. The lowest was 1.91%. And the median was 38.53%.
VNO's FCF Margin % is ranked better than 77.14% of 936
companies
in the REITs industry
Industry Median: 40.025
vs VNO: 69.37
Vornado Realty Trust FCF Margin % Related Terms
Vornado Realty Trust FCF Margin % Historical Data
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The historical data trend for Vornado Realty Trust's FCF Margin % 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.
For the REIT - Office subindustry, Vornado Realty Trust's FCF Margin %, along with its competitors' market caps and FCF Margin % 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 FCF Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Vornado Realty Trust's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Vornado Realty Trust's FCF Margin % falls into.
* 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 (VNO) has a FCF Margin % of 10.40% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Vornado Realty Trust and its competitors. This is 73% below median its historical median of 38.53. Over the past decade, Vornado Realty Trust's FCF Margin % has ranged from 1.91 to 69.51. According to the industry distribution chart, Vornado Realty Trust ranks #214 out of 936 companies in the REITs industry, placing it in the top 22.9%.
Is Vornado Realty Trust's FCF Margin % too high?
Vornado Realty Trust's current FCF Margin % of 10.40% is 73% below median its 10-year median of 38.53. Over the past 10 years, this metric has ranged from a low of 1.91 to a high of 69.51. The REITs industry median FCF Margin % is 40.03. Vornado Realty Trust's value of 10.40% is 74% below this industry median. Based on the distribution chart, Vornado Realty Trust ranks #214 out of 936 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Vornado Realty Trust has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vornado Realty Trust's FCF Margin % compare to CUZ and ARE?
According to the REITs industry distribution chart, Vornado Realty Trust ranks #214 out of 936 companies for FCF Margin %. This places Vornado Realty Trust in the top 23% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 40.03. Vornado Realty Trust's value of 10.40% is 74% below this benchmark. Historically, Vornado Realty Trust's own FCF Margin % has ranged from 1.91 to 69.51 over the past decade. While the company's 10-year median is 38.53 vs. the industry median of 40.03, Vornado Realty Trust has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a REITs company?
The median FCF Margin % among REITs companies is 40.03, based on 936 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vornado Realty Trust's current FCF Margin % of 10.40% is 74% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Vornado Realty Trust and its competitors. For the REITs industry, the median FCF Margin % is 40.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vornado Realty Trust's current FCF Margin % is 10.40%, which is 73% below median its own 10-year median of 38.53. 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 $32.08, compared to a current price of $37.66 — trading 17.4% above its estimated fair value. The current FCF Margin % is 10.40%, which is 73% below median its 10-year median of 38.53 and 74% below the REITs industry median of 40.03. Vornado Realty Trust's overall GF Score™ is 75/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Vornado Realty Trust (VNO), the current FCF Margin % is 10.40% 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 $37.66 is trading 17.4% above its estimated GF Value™ of $32.08.
GuruFocus considers Vornado Realty Trust to be Modestly Overvalued.
Key valuation signals for VNO:
FCF Margin %: 10.40% (73% below median its 10-year median of 38.53)
GF Value™: $32.08 vs. price of $37.66 (17.4% above fair value)
Industry Position: 74% below the REITs median (#214 of 936)
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 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.
75GF Score
Get the complete analysis for VNO
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