The Tip Desk

VORNADO REALTY TRUST

Company Stats

Market Cap
$6.3B
as of Sep 30, 2026
Shares Outstanding
186.7M
Free Float
86.2%

Income Statement

Revenue
$1.8B
Net Income
$905.0M
Revenue Growth, 3Y
0.2%
FCF Margin, 3Y Avg
39.1%
FCF Margin, Worst Year
30.1%

Cash Flow

Free Cash Flow
$961.7M
FCF Yield
15.2%
Owner FCF Yield
14.8%

Balance Sheet

Cash & Equivalents
$840.9M

Returns & Capital

Dividends Paid
$141.3M
Dividend Yield
2.2%
Dividend Payout, 3Y Avg
112.8%
Share Repurchases
$51.0M
Buyback Yield, 3Y Avg
0.4%
SBC, 3Y Avg
$33.0M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$1.8B$961.7M53.1%
FY2024$1.8B$537.7M30.1%
FY2023$1.8B$615.0M34.0%
FY2022$1.8B$795.9M44.2%
FY2021$1.6B$758.8M47.7%

Annual filing data through FY ended December 31, 2025; shares and float as of October 9, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage