Vornado Realty TrustVNO +2.70%77 Interest Coverage is 0.62 as of Mar. 2026, which is 46% below its 10-year median of 1.14. GuruFocus rates VNO with a GF Score™ of 77/100 and a GF Value™ of $32.08 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 700 REITs companies, Vornado Realty Trust ranks worse than 91.29% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Vornado Realty Trust's
Operating Income
for the
three
months ended in Mar. 2026 was $52 Mil. Vornado Realty Trust's Interest Expense for the
three
months ended in Mar. 2026 was $-84 Mil.
Vornado Realty Trust's interest coverage for the quarter that ended in Mar. 2026 was 0.62.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Vornado Realty Trust's Interest Coverage or its related term are showing as below:
VNO'
s Interest Coverage Range Over the Past 10 Years
Min: 0.68 Med: 1.14 Max: 1.99
Current: 0.74
VNO's Interest Coverage is ranked worse than 91.29% of 700
companies
in the REITs industry
Industry Median: 3.095
vs VNO: 0.74
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Vornado Realty Trust Interest Coverage Related Terms
Vornado Realty Trust Interest Coverage Historical Data
* Premium members only.
The historical data trend for Vornado Realty Trust's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
VNO vs CUZ, ARE, KRC: Interest Coverage Comparison
For the REIT - Office subindustry, Vornado Realty Trust's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs REITs Industry
For the REITs industry and Real Estate sector, Vornado Realty Trust's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Vornado Realty Trust's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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 Interest Coverage of 0.62 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Vornado Realty Trust and its competitors. This is 46% below median its historical median of 1.14. Over the past decade, Vornado Realty Trust's Interest Coverage has ranged from 0.68 to 1.99. According to the industry distribution chart, Vornado Realty Trust ranks #639 out of 700 companies in the REITs industry, placing it in the top 91.3%.
Is Vornado Realty Trust's Interest Coverage too high?
Vornado Realty Trust's current Interest Coverage of 0.62 is 46% below median its 10-year median of 1.14. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 1.99. The REITs industry median Interest Coverage is 3.10. Vornado Realty Trust's value of 0.62 is 80% below this industry median. Based on the distribution chart, Vornado Realty Trust ranks #639 out of 700 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Vornado Realty Trust has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vornado Realty Trust's Interest Coverage compare to CUZ and ARE?
According to the REITs industry distribution chart, Vornado Realty Trust ranks #639 out of 700 companies for Interest Coverage. This places Vornado Realty Trust in the lower half of its industry. The industry median Interest Coverage is 3.10. Vornado Realty Trust's value of 0.62 is 80% below this benchmark. Historically, Vornado Realty Trust's own Interest Coverage has ranged from 0.68 to 1.99 over the past decade. While the company's 10-year median is 1.14 vs. the industry median of 3.10, 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 Interest Coverage for a REITs company?
The median Interest Coverage among REITs companies is 3.10, based on 700 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vornado Realty Trust's current Interest Coverage of 0.62 is 80% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Vornado Realty Trust and its competitors. For the REITs industry, the median Interest Coverage is 3.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vornado Realty Trust's current Interest Coverage is 0.62, which is 46% below median its own 10-year median of 1.14. 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 $39.11 — trading 21.9% above its estimated fair value. The current Interest Coverage is 0.62, which is 46% below median its 10-year median of 1.14 and 80% below the REITs industry median of 3.10. Vornado Realty Trust's overall GF Score™ is 77/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Vornado Realty Trust (VNO), the current Interest Coverage is 0.62 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 $39.11 is trading 21.9% above its estimated GF Value™ of $32.08.
GuruFocus considers Vornado Realty Trust to be Modestly Overvalued.
Key valuation signals for VNO:
Interest Coverage: 0.62 (46% below median its 10-year median of 1.14)
GF Value™: $32.08 vs. price of $39.11 (21.9% above fair value)
Industry Position: 80% below the REITs median (#639 of 700)
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.
77GF Score
Get the complete analysis for VNO
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