Symbols

VNO

Vornado Realty Trust·NYSE

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VNO fundamentals

VNO Q4 2025 Earnings

Vornado Realty Trust (VNO) released its earnings on Feb 9, 2026: revenue was 453.71M (YoY -0.89%), beat estimates; EPS was 0 (YoY -100.00%), missed estimates.

Revenue / YoY

453.71M

-0.89%

EPS / YoY

-100.00%

Report date

Feb 9, 2026

VNO Earnings Call Summary for Q4,2025

Record Leasing Momentum: 4.6M sq ft leased in Manhattan, 2.5M sq ft at $100+ per sq ft. PENN 2 occupancy jumps to 80% with 11.6% yield upgrade.
Strategic Developments: 350 Park Avenue construction starts Q2 2026; 623 Fifth Avenue acquisition for $218M to be redeveloped into premium office space.
Balance Sheet Strength: $2.39B liquidity, 7.7x net debt/EBITDA, S&P upgrades credit outlook. $3.5B debt refinanced in 2025.
Earnings Growth Path: 2027 FFO expected to benefit from PENN 1/2 lease-up, with 623 Fifth Avenue potentially adding $0.11 per share.
Share Buybacks: $109M spent since 2023. CEO vows to be more aggressive if stock remains undervalued.

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Revenue & Expenses

Key Indicators

Vornado Realty Trust (VNO) key financial stats and ratios, covering profitability, financial health, and leverage.

Income Statement

Vornado Realty Trust (VNO)'s revenue and profit trends over recent years, visualized with a waterfall chart to showcase the revenue-to-profit funnel.

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Balance Sheet

Vornado Realty Trust (VNO)'s asset and liability trends over recent years, visualized with a waterfall chart to illustrate changes in its asset-liability structure.

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Breakdown

Cash Flow

Vornado Realty Trust (VNO)'s cash flow trends over recent years, visualized with a waterfall chart to illustrate changes in its operating, investing, and financing cash flows.

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