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Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Vornado Realty Trust's annualizedNet Income for the quarter that ended in Mar. 2026 was $-29 Mil. Vornado Realty Trust's average total tangible assets for the quarter that ended in Mar. 2026 was $15,611 Mil. Therefore, Vornado Realty Trust's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -0.19%.
The historical rank and industry rank for Vornado Realty Trust's Return-on-Tangible-Asset or its related term are showing as below:
LTS:0LR2'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.07 Med: 1.13 Max: 17.84
Current: 5.11
During the past 13 years, Vornado Realty Trust's highest Return-on-Tangible-Asset was 17.84%. The lowest was -2.07%. And the median was 1.13%.
LTS:0LR2's Return-on-Tangible-Asset is ranked better than 67.77% of 934
companies
in the REITs industry
Industry Median: 3.265
vs LTS:0LR2: 5.11
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Vornado Realty Trust Return-on-Tangible-Asset Related Terms
Vornado Realty Trust Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Vornado Realty Trust's Return-on-Tangible-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.
LTS:0LR2 vs ARE, CUZ, KRC: Return-on-Tangible-Asset Comparison
For the REIT - Office subindustry, Vornado Realty Trust's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-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 Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Vornado Realty Trust's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Vornado Realty Trust's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of -0.19% mean?
Vornado Realty Trust (LTS:0LR2) has a Return-on-Tangible-Asset of -0.19% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Vornado Realty Trust and its competitors. According to the industry distribution chart, Vornado Realty Trust ranks #301 out of 934 companies in the REITs industry, placing it in the top 32.2%.
Is Vornado Realty Trust's Return-on-Tangible-Asset too high?
Vornado Realty Trust's current Return-on-Tangible-Asset is -0.19%. Based on the distribution chart, Vornado Realty Trust ranks #301 out of 934 companies in the REITs industry, which is above the industry midpoint. 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 Return-on-Tangible-Asset compare to ARE and CUZ?
According to the REITs industry distribution chart, Vornado Realty Trust ranks #301 out of 934 companies for Return-on-Tangible-Asset. This puts Vornado Realty Trust in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.27. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.27, based on 934 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Vornado Realty Trust and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vornado Realty Trust's current Return-on-Tangible-Asset is -0.19%. 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 Modestly Overvalued. The stock's GF Value™ is $31.87, compared to a current price of $38.61 — trading 21.1% above its estimated fair value. The current Return-on-Tangible-Asset is -0.19%. 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 Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Vornado Realty Trust (LTS:0LR2), the current Return-on-Tangible-Asset is -0.19% 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 (LTS:0LR2) Overvalued in 2026?
Based on GuruFocus' analysis, Vornado Realty Trust stock appears to be overvalued.
The current stock price of $38.61 is trading 21.1% above its estimated GF Value™ of $31.87.
GuruFocus considers Vornado Realty Trust to be Modestly Overvalued.
Key valuation signals for LTS:0LR2:
Return-on-Tangible-Asset: -0.19%
GF Value™: $31.87 vs. price of $38.61 (21.1% above fair value)
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 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 LTS:0LR2
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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