VNO
What one share of Vornado Realty Trust holds
Real Estate Investment Trusts
Vornado is a fully‑integrated REIT and conducts its business through, and substantially all of its interests in properties are held by, the Operating Partnership, a Delaware limited partnership. Accordingly, Vornado’s cash flow and ability to pay dividends to its shareholders are dependent upon the cash flow of the Operating Partnership and the ability of its direct and indirect subsidiaries to first satisfy their obligations to creditors.
Vornado Realty Trust’s numbers from its SEC filings, divided by its shares. Results cover the last 12 months to 2026-06-30; the balance sheet is as of 2026-06-30.
| Sales | $9.39 |
|---|---|
| Profit | $0.03 |
| Capex (buildings and equipment) | $2.29 |
| Free cash flow | −$0.28 |
| Cash and investments | $3.62 |
| Debt | $13.92 |
| Book value | $31.00 |
Per share by fiscal year
| Year | Sales | Profit | Capex | Free cash | Dividends | Book value |
|---|---|---|---|---|---|---|
| 2007 | $12.44 | $3.05 | $1.05 | $3.35 | — | $39.56 |
| 2008 | $13.66 | $1.91 | $1.31 | $3.86 | — | $37.36 |
| 2009 | $12.39 | $0.28 | $1.25 | $2.40 | — | $34.45 |
| 2010 | $11.37 | $3.24 | $0.79 | $3.40 | — | $34.39 |
| 2011 | $11.24 | $3.23 | $0.89 | $2.89 | — | $36.89 |
| 2012 | $10.67 | $2.94 | $1.10 | $3.32 | — | $36.69 |
| 2013 | $10.02 | $2.09 | $1.39 | $4.16 | — | $36.12 |
| 2014 | $10.13 | $4.15 | $1.48 | $4.54 | — | $35.90 |
| 2015 | $8.58 | $3.59 | $1.59 | $1.96 | — | $35.52 |
| 2016 | $10.54 | $4.33 | $2.04 | $3.19 | — | $36.48 |
| 2017 | $10.90 | $0.85 | $1.42 | $3.08 | $2.62 | $22.83 |
| 2018 | $11.31 | $2.01 | $1.23 | $2.97 | $2.52 | $23.44 |
| 2019 | $10.07 | $16.21 | $0.36 | $3.10 | $2.64 | $35.25 |
| 2020 | $7.99 | −$1.82 | $0.01 | $2.21 | $2.38 | $34.14 |
| 2021 | $8.27 | $0.53 | $0.02 | $3.95 | $2.12 | $32.53 |
| 2022 | $9.39 | −$2.13 | $0.02 | $4.15 | $2.12 | $30.44 |
| 2023 | $9.44 | $0.23 | $0.17 | $3.21 | $0.68 | $28.94 |
| 2024 | $9.09 | $0.04 | $0.00 | $2.73 | $0.74 | $27.03 |
| 2025 | $9.00 | $4.19 | $1.48 | $4.78 | $0.74 | $31.40 |