Financials Vornado Realty Trust

Equities

VNO

US9290421091

Commercial REITs

Market Closed - Nyse 16:00:01 2024-04-26 EDT 5-day change 1st Jan Change
26.26 USD -0.53% Intraday chart for Vornado Realty Trust +0.65% -7.04%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 12,692 7,142 8,024 3,992 5,377 5,002 - -
Enterprise Value (EV) 1 18,008 12,916 14,879 11,491 12,631 12,395 12,455 12,608
P/E ratio 4.1 x -20.4 x 79 x -9.77 x 123 x -246 x -197 x 404 x
Yield 3.97% 6.37% 5.06% 10.2% 2.39% 2.47% 3.28% 3.93%
Capitalization / Revenue 6.59 x 4.67 x 5.05 x 2.22 x 2.97 x 2.81 x 2.74 x 2.59 x
EV / Revenue 9.36 x 8.45 x 9.36 x 6.38 x 6.97 x 6.96 x 6.82 x 6.52 x
EV / EBITDA 21.9 x 23.4 x 23 x 14.3 x 17.3 x 18.2 x 17.7 x 18 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 - 0.95 x 0.99 x 1.04 x
Nbr of stocks (in thousands) 190,850 191,261 191,681 191,817 190,322 190,482 - -
Reference price 2 66.50 37.34 41.86 20.81 28.25 26.26 26.26 26.26
Announcement Date 20-02-18 21-02-16 22-02-14 23-02-13 24-02-12 - - -
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 1,780 1,827 1,934
EBITDA 1 820.6 550.9 647.5 802 731 682.6 704.9 701.2
EBIT 1 401.5 151.2 235.2 297.5 246 307.4 318.4 373.5
Operating Margin 20.86% 9.9% 14.8% 16.53% 13.58% 17.27% 17.43% 19.32%
Earnings before Tax (EBT) 1 3,438 -425.2 197.1 -361 62.11 43.76 78.93 88.85
Net income 1 3,098 -348.7 101.1 -408.6 43.38 -33.41 -3.497 29.48
Net margin 160.95% -22.82% 6.36% -22.7% 2.4% -1.88% -0.19% 1.52%
EPS 2 16.21 -1.830 0.5300 -2.130 0.2300 -0.1067 -0.1333 0.0650
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 0.6483 0.8618 1.032
Announcement Date 20-02-18 21-02-16 22-02-14 23-02-13 24-02-12 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 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
Net sales 1 409.2 421.1 442.1 453.5 457.4 446.9 445.9 472.4 451 441.9 447.8 453.3 451.2 455.3 458.6
EBITDA 1 160.5 181.7 186.3 199.3 206.7 201.5 171.8 210.2 181.4 171.3 182.2 183.7 183.1 187.4 -
EBIT 1 59.61 55.38 67.88 85.26 71.74 67.63 64.6 100.9 68.63 11.91 76.17 80.25 78.46 76.49 70.82
Operating Margin 14.57% 13.15% 15.35% 18.8% 15.68% 15.13% 14.49% 21.35% 15.22% 2.7% 17.01% 17.7% 17.39% 16.8% 15.44%
Earnings before Tax (EBT) 1 46.39 42.02 60.79 72.47 23.82 -518 15.86 67.23 71.25 -92.24 12.19 16 7.494 1.351 8.785
Net income 1 37.69 11.27 26.48 50.42 7.769 -493.3 5.168 46.38 52.85 -61.01 11.36 12.83 18.19 8.088 -
Net margin 9.21% 2.68% 5.99% 11.12% 1.7% -110.37% 1.16% 9.82% 11.72% -13.81% 2.54% 2.83% 4.03% 1.78% -
EPS 2 0.2000 0.0600 0.1400 0.2600 0.0400 -2.570 0.0300 0.2400 0.2800 -0.3200 -0.0850 -0.0150 -0.0450 -0.0200 -0.0600
Dividend per Share 2 0.5300 0.5300 0.5300 0.5300 0.5300 0.5300 0.3750 - - 0.3000 - - - 0.6370 0.1500
Announcement Date 21-11-01 22-02-14 22-05-02 22-08-01 22-10-31 23-02-13 23-05-01 23-07-31 23-10-30 24-02-12 - - - - -
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 7,393 7,453 7,605
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 6.479 x 10.48 x 10.59 x 9.351 x 9.925 x 10.83 x 10.57 x 10.85 x
Free Cash Flow -220 - 26.4 - - - - -
ROE (net income / shareholders' equity) 55.3% -5.26% 1.58% 2.09% 0.76% -0.37% -0.33% 0.27%
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 33,413 1,748 29,478
Book Value Per Share 2 35.20 34.10 34.00 30.50 - 27.60 26.40 25.30
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% - 18.74% 18.35% 17.98%
Announcement Date 20-02-18 21-02-16 22-02-14 23-02-13 24-02-12 - - -
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
B
More Ratings
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
14
Last Close Price
26.26 USD
Average target price
25.96 USD
Spread / Average Target
-1.13%
Consensus
  1. Stock Market
  2. Equities
  3. VNO Stock
  4. Financials Vornado Realty Trust