Financials Vornado Realty Trust Nyse

Equities

VNO.PRO

US9290427940

Commercial REITs

Market Closed - Nyse 04:00:02 2024-05-31 pm EDT 5-day change 1st Jan Change
13.03 USD +1.73% Intraday chart for Vornado Realty Trust +0.23% -3.98%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 12,692 7,142 8,024 3,992 5,377 4,671 - -
Enterprise Value (EV) 1 18,008 12,916 14,879 11,491 12,631 11,945 12,111 12,284
P/E ratio 4.1 x -20.4 x 79 x -9.77 x 123 x -94.3 x -101 x -2,452 x
Yield 3.97% 6.37% 5.06% 10.2% 2.39% 3.04% 3.64% 4.21%
Capitalization / Revenue 6.59 x 4.67 x 5.05 x 2.22 x 2.97 x 2.66 x 2.59 x 2.41 x
EV / Revenue 9.36 x 8.45 x 9.36 x 6.38 x 6.97 x 6.79 x 6.71 x 6.34 x
EV / EBITDA 21.9 x 23.4 x 23 x 14.3 x 17.3 x 16.9 x 17 x 16.1 x
EV / FCF -81,787,165 x - 563,510,244 x - - - - -
FCF Yield -0% - 0% - - - - -
Price to Book 1.89 x 1.09 x 1.23 x 0.68 x - 0.98 x 0.93 x 0.98 x
Nbr of stocks (in thousands) 190,850 191,261 191,681 191,817 190,322 190,483 - -
Reference price 2 66.50 37.34 41.86 20.81 28.25 24.52 24.52 24.52
Announcement Date 2/18/20 2/16/21 2/14/22 2/13/23 2/12/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,925 1,528 1,589 1,800 1,811 1,759 1,804 1,936
EBITDA 1 820.6 550.9 647.5 802 731 708.2 711.2 763.5
EBIT 1 401.5 151.2 235.2 297.5 246 286.2 302 367.4
Operating Margin 20.86% 9.9% 14.8% 16.53% 13.58% 16.27% 16.74% 18.98%
Earnings before Tax (EBT) 1 3,438 -425.2 197.1 -361 62.11 -31.26 -45.06 88.85
Net income 1 3,098 -348.7 101.1 -408.6 43.38 -72.05 -32.38 25.41
Net margin 160.95% -22.82% 6.36% -22.7% 2.4% -4.1% -1.79% 1.31%
EPS 2 16.21 -1.830 0.5300 -2.130 0.2300 -0.2600 -0.2425 -0.0100
Free Cash Flow -220.2 - 26.4 - - - - -
FCF margin -11.44% - 1.66% - - - - -
FCF Conversion (EBITDA) - - 4.08% - - - - -
FCF Conversion (Net income) - - 26.12% - - - - -
Dividend per Share 2 2.640 2.380 2.120 2.120 0.6750 0.7464 0.8933 1.032
Announcement Date 2/18/20 2/16/21 2/14/22 2/13/23 2/12/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 421.1 442.1 453.5 457.4 446.9 445.9 472.4 451 441.9 436.4 441.5 436.7 435.9 446.5 444
EBITDA 1 181.7 186.3 199.3 206.7 201.5 171.8 210.2 181.4 171.3 167.7 166.6 165 155 171.9 166.2
EBIT 1 55.38 67.88 85.26 71.74 67.63 64.6 100.9 68.63 11.91 58.42 70.32 70.62 70.16 73.89 81.39
Operating Margin 13.15% 15.35% 18.8% 15.68% 15.13% 14.49% 21.35% 15.22% 2.7% 13.39% 15.93% 16.17% 16.1% 16.55% 18.33%
Earnings before Tax (EBT) 1 42.02 60.79 72.47 23.82 -518 15.86 67.23 71.25 -92.24 0.467 -5.962 -13.2 -23.08 -6.223 -1.224
Net income 1 11.27 26.48 50.42 7.769 -493.3 5.168 46.38 52.85 -61.01 -9.034 -14.8 -26.4 -27.7 -29.6 -26.1
Net margin 2.68% 5.99% 11.12% 1.7% -110.37% 1.16% 9.82% 11.72% -13.81% -2.07% -3.35% -6.04% -6.35% -6.63% -5.88%
EPS 2 0.0600 0.1400 0.2600 0.0400 -2.570 0.0300 0.2400 0.2800 -0.3200 -0.0500 -0.0500 -0.0967 -0.0600 -0.0967 -0.0950
Dividend per Share 2 0.5300 0.5300 0.5300 0.5300 0.5300 0.3750 - - 0.3000 - - - 0.5470 0.1500 0.1500
Announcement Date 2/14/22 5/2/22 8/1/22 10/31/22 2/13/23 5/1/23 7/31/23 10/30/23 2/12/24 5/6/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 5,317 5,775 6,856 7,499 7,254 7,275 7,440 7,613
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 6.479 x 10.48 x 10.59 x 9.351 x 9.925 x 10.27 x 10.46 x 9.971 x
Free Cash Flow -220 - 26.4 - - - - -
ROE (net income / shareholders' equity) 55.3% -5.26% 1.58% 2.09% 0.76% -0.86% -0.55% 0.3%
ROA (Net income/ Total Assets) 17.5% -2.02% 0.6% 0.75% 0.27% -0.1% -0.2% 0.1%
Assets 1 17,734 17,256 16,736 -54,540 16,338 72,052 16,189 25,406
Book Value Per Share 2 35.20 34.10 34.00 30.50 - 25.10 26.30 25.10
Cash Flow per Share 3.470 2.220 3.700 3.890 - - - -
Capex 1 883 758 735 898 - 334 335 348
Capex / Sales 45.86% 49.59% 46.27% 49.88% - 18.97% 18.59% 17.96%
Announcement Date 2/18/20 2/16/21 2/14/22 2/13/23 2/12/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
14
Last Close Price
24.52 USD
Average target price
24.89 USD
Spread / Average Target
+1.52%
Consensus
  1. Stock Market
  2. Equities
  3. VNO Stock
  4. VNO.PRO Stock
  5. Financials Vornado Realty Trust