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VNO

Vornado Realty Trust·NYSE
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VNO fundamentals

Vornado Realty Trust (VNO) released its earnings on Nov 3, 2025: revenue was 453.70M (YoY +2.36%), beat estimates; EPS was -0.1 (YoY 0.00%), missed estimates.
Revenue / YoY
453.70M
+2.36%
EPS / YoY
-0.1
0.00%
Report date
Nov 3, 2025
VNO Earnings Call Summary for Q3,2025
  • Record Leasing Activity: 3.7M sq. ft. leased in Manhattan at $103/sq. ft., with PENN 2 occupancy hitting 78% and 2027 NOI growth expected.
  • Balance Sheet Strength: Net debt-to-EBITDA improved to 7.3x, $2.6B liquidity, and 2027 as the earnings inflection year.
  • Strategic Acquisitions: 623 Fifth Avenue redevelopment targeting 9%+ returns, 350 Park Avenue set for 2027 delivery.
  • Rental Growth Outlook: 20-25%+ cumulative rent growth over 4-5 years, with tightening supply and declining free rent periods.
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Key Indicators

Vornado Realty Trust (VNO) key financial stats and ratios, covering profitability, financial health, and leverage.
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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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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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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Where does Vornado Realty Trust (VNO) generate its revenue? Explore its key revenue streams and top earning regions.
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Track Vornado Realty Trust (VNO) Dividend Yield, Payout Ratio & Sustainability Through Its Dividend History
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