See more : Alvotech (ALVOW) Income Statement Analysis – Financial Results
Complete financial analysis of Vornado Realty Trust (VNO) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Vornado Realty Trust, a leading company in the REIT – Office industry within the Real Estate sector.
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Vornado Realty Trust (VNO)
About Vornado Realty Trust
Vornado's portfolio is concentrated in the nation's key market New York City along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2019. In 2012, Vornado commemorated 50 years on the NYSE.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.81B | 1.80B | 1.59B | 1.53B | 1.92B | 2.16B | 2.08B | 2.51B | 2.50B | 2.64B | 2.76B | 2.77B | 2.92B | 2.78B | 2.74B | 2.70B | 2.97B | 2.71B | 2.55B | 1.71B | 1.50B | 1.44B | 979.67M | 803.61M | 663.50M | 454.40M | 202.60M | 117.30M | 102.80M | 87.90M | 48.00M | 40.60M | 40.60M | 32.70M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 905.16M | 873.91M | 797.32M | 789.07M | 917.98M | 963.48M | 886.60M | 1.02B | 1.01B | 1.06B | 1.09B | 1.25B | 1.24B | 1.10B | 1.09B | 1.07B | 1.63B | 1.37B | 1.31B | 679.79M | 583.66M | 541.60M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 906.01M | 926.08M | 791.90M | 738.89M | 1.01B | 1.20B | 1.20B | 1.48B | 1.49B | 1.57B | 1.67B | 1.52B | 1.68B | 1.68B | 1.65B | 1.63B | 1.34B | 1.35B | 1.24B | 1.03B | 919.40M | 893.47M | 979.67M | 803.61M | 663.50M | 454.40M | 202.60M | 117.30M | 102.80M | 87.90M | 48.00M | 40.60M | 40.60M | 32.70M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 50.02% | 51.45% | 49.83% | 48.36% | 52.31% | 55.47% | 57.46% | 59.13% | 59.59% | 59.61% | 60.63% | 54.88% | 57.56% | 60.45% | 60.34% | 60.32% | 45.10% | 49.62% | 48.77% | 60.18% | 61.17% | 62.26% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | -0.20 | 0.12 | -0.28 | 1.79 | 0.21 | 0.15 | 0.29 | 0.00 | 0.00 | 32.21M | 226.62M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 162.88M | 133.73M | 134.55M | 181.51M | 169.92M | 141.87M | 159.00M | 179.28M | 175.31M | 185.92M | 211.10M | 201.89M | 209.98M | 214.23M | 231.69M | 194.03M | 232.07M | 221.36M | 183.00M | 145.22M | 122.41M | 98.46M | 72.57M | 47.91M | 40.20M | 28.60M | 13.60M | 5.20M | 6.70M | 6.50M | 4.20M | 4.20M | 4.80M | 7.60M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 162.88M | 133.73M | 134.55M | 181.51M | 169.92M | 141.87M | 159.00M | 179.28M | 175.31M | 185.92M | 211.10M | 201.89M | 209.98M | 214.23M | 231.69M | 194.03M | 232.07M | 221.36M | 183.00M | 145.22M | 122.41M | 98.46M | 72.57M | 47.91M | 40.20M | 28.60M | 13.60M | 5.20M | 6.70M | 6.50M | 4.20M | 4.20M | 4.80M | 7.60M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 0.00 | 504.50M | 412.35M | 399.70M | 419.11M | -31.32M | 13.23M | 7.31M | 7.66M | 10.60M | 6.70M | 7.16M | 7.83M | 7.92M | 4.32M | 537.43M | 0.00 | 397.40M | 334.96M | 242.91M | 215.03M | -27.50M | -615.43M | -447.25M | -359.50M | -215.40M | -112.30M | -44.40M | -40.10M | -39.00M | 4.10M | -8.60M | 2.60M | 3.60M | 10.40M | 10.10M | 9.90M | 14.10M | 11.00M |
| Operating Expenses | 162.88M | 638.23M | 546.89M | 581.20M | 589.03M | 588.44M | 588.39M | 744.34M | 718.26M | 722.15M | 742.31M | 719.71M | 763.79M | 744.93M | 771.19M | 731.45M | 232.07M | 618.76M | 517.96M | 388.13M | 337.44M | 304.28M | -542.85M | -399.34M | -319.30M | -186.80M | -98.70M | -39.20M | -33.40M | -32.50M | 8.30M | -4.40M | 7.40M | 11.20M | 10.40M | 10.10M | 9.90M | 14.10M | 11.00M |
| Cost & Expenses | 1.07B | 1.51B | 1.34B | 1.37B | 1.51B | 1.55B | 1.47B | 1.77B | 1.73B | 1.79B | 1.83B | 1.97B | 2.00B | 1.84B | 1.86B | 1.80B | 1.86B | 1.99B | 1.82B | 1.07B | 921.10M | 845.88M | -542.85M | -399.34M | -319.30M | -186.80M | -98.70M | -39.20M | -33.40M | -32.50M | 8.30M | -4.40M | 7.40M | 11.20M | 10.40M | 10.10M | 9.90M | 14.10M | 11.00M |
| Interest Income | 26.67M | 19.87M | 4.61M | 12.81M | 21.82M | 17.06M | 17.59M | 29.55M | 14.03M | 14.52M | 26.19M | 21.02M | 21.85M | 18.24M | 42.36M | 86.84M | 228.50M | 262.19M | 167.23M | 204.00M | 25.40M | 31.69M | 54.39M | 32.93M | 18.50M | 24.10M | 23.80M | 6.60M | 11.80M | 0.00 | 11.70M | 0.00 | 9.30M | 11.10M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 325.92M | 257.96M | 231.10M | 234.75M | 264.80M | 330.89M | 311.59M | 373.13M | 345.86M | 420.79M | 457.60M | 476.27M | 523.29M | 541.73M | 616.59M | 571.53M | 634.55M | 215.59M | 161.71M | 30.90M | 204.26M | 207.84M | 173.08M | 170.27M | 141.70M | 114.70M | 42.90M | 16.70M | 16.40M | 14.20M | 31.20M | 33.90M | 34.90M | 32.20M | 10.40M | 10.10M | 9.90M | 14.10M | 11.00M |
| Depreciation & Amortization | 457.57M | 1.46B | 1.35B | 1.61B | 1.63B | 1.63B | 1.82B | 1.46B | 566.21M | 583.41M | 562.00M | 557.89M | 580.99M | 556.31M | 559.05M | 577.34M | 462.64M | 413.16M | 346.78M | 253.82M | 219.91M | 205.83M | 123.86M | 99.85M | 83.60M | 59.20M | 47.40M | 14.70M | 11.80M | 10.80M | 11.40M | 11.50M | 11.30M | 9.70M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 845.61M | 423.32M | 792.48M | 228.26M | 3.49B | 1.25B | 1.16B | 1.48B | 1.31B | 1.38B | 1.16B | 1.50B | 1.68B | 1.59B | 1.26B | 1.21B | 1.70B | 1.15B | 1.11B | 960.84M | 882.06M | 790.85M | 591.10M | 563.72M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 68.00M | 47.70M | 64.20M | 53.60M | 10.40M | 10.10M | 9.90M | 14.10M | 11.00M |
| EBITDA Ratio | 46.69% | 19.49% | 49.87% | 14.94% | 181.16% | 49.34% | 54.59% | 58.57% | 52.28% | 50.91% | 41.85% | 64.21% | 55.45% | 57.03% | 56.14% | 48.27% | 57.00% | 42.77% | 43.59% | 54.94% | 58.90% | 58.65% | 57.23% | 62.73% | 64.48% | 71.92% | 74.68% | 79.11% | 78.99% | 75.31% | 141.04% | 117.49% | 146.06% | 163.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | 815.87M | -175.44M | 380.13M | -171.43M | 3.07B | 582.96M | 607.37M | 550.79M | 760.25M | 815.64M | 874.19M | 677.63M | 856.15M | 805.86M | 795.78M | 814.03M | 1.23B | 726.91M | 724.64M | 637.87M | 581.96M | 554.82M | 436.81M | 404.26M | 344.20M | 267.60M | 103.90M | 78.10M | 69.40M | 55.40M | 56.30M | 36.20M | 48.00M | 43.90M | 10.40M | 10.10M | 9.90M | 14.10M | 11.00M |
| Operating Income Ratio | 45.05% | -9.75% | 23.92% | -11.22% | 159.38% | 26.94% | 29.14% | 21.98% | 30.38% | 30.94% | 31.66% | 24.49% | 29.36% | 28.99% | 29.02% | 30.18% | 41.44% | 26.80% | 28.44% | 37.36% | 38.72% | 38.66% | 44.59% | 50.31% | 51.88% | 58.89% | 51.28% | 66.58% | 67.51% | 63.03% | 117.29% | 89.16% | 118.23% | 134.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | -753.76M | -648.80M | -10.50M | -569.53M | 103.44M | -123.36M | -287.64M | 4.39M | -37.78M | -257.26M | -540.73M | -608.79M | -236.86M | -54.98M | -698.50M | -734.85M | -278.35M | -63.44M | -80.96M | 31.01M | -118.58M | -162.67M | -82.44M | -34.46M | -225.30M | -173.90M | -90.30M | -31.40M | -28.20M | -25.00M | -30.90M | -33.90M | -30.00M | -32.20M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 62.11M | -360.95M | 197.06M | -425.22M | 3.44B | 459.60M | 318.45M | 983.06M | 722.47M | 505.19M | 133.82M | 416.73M | 619.29M | 750.89M | 97.28M | 79.19M | 587.50M | 607.29M | 641.04M | 671.63M | 463.52M | 403.62M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 25.40M | 2.30M | 18.00M | 11.70M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 3.43% | -20.05% | 12.40% | -27.83% | 178.61% | 21.24% | 15.28% | 39.23% | 28.87% | 19.17% | 4.85% | 15.06% | 21.24% | 27.01% | 3.55% | 2.94% | 19.76% | 22.39% | 25.16% | 39.34% | 30.84% | 28.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 52.92% | 5.67% | 44.33% | 35.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 29.22M | 21.66M | -10.50M | 36.63M | 103.44M | 37.63M | 41.09M | 8.31M | -84.70M | 11.00M | -6.41M | 8.13M | 24.83M | 22.48M | 20.74M | -204.54M | 10.53M | -28.92M | 62.39M | 60.41M | 470.00K | 195.06M | 173.08M | 170.27M | 141.70M | 114.70M | 42.90M | 16.70M | 16.40M | 14.20M | -6.40M | 1.10M | 7.50M | 4.80M | -10.40M | -10.10M | -9.90M | -14.10M | -11.00M |
| Net Income | 105.49M | -382.61M | 176.00M | -461.85M | 3.15B | 449.95M | 227.42M | 960.57M | 760.43M | 864.85M | 475.97M | 617.26M | 662.30M | 647.88M | 106.17M | 395.04M | 635.69M | 560.14M | 539.60M | 592.92M | 460.70M | 232.90M | 263.74M | 233.99M | 202.50M | 152.90M | 61.00M | 61.40M | 53.00M | 41.20M | 28.00M | 1.20M | 10.20M | 4.30M | 10.40M | 10.10M | 9.90M | 14.10M | 11.00M |
| Net Income Ratio | 5.82% | -21.26% | 11.07% | -30.23% | 163.55% | 20.80% | 10.91% | 38.33% | 30.39% | 32.81% | 17.24% | 22.31% | 22.72% | 23.31% | 3.87% | 14.65% | 21.38% | 20.65% | 21.18% | 34.73% | 30.65% | 16.23% | 26.92% | 29.12% | 30.52% | 33.65% | 30.11% | 52.34% | 51.56% | 46.87% | 58.33% | 2.96% | 25.12% | 13.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | 0.23 | -2.00 | 0.92 | -2.42 | 16.23 | 2.36 | 0.85 | 5.08 | 3.61 | 4.18 | 2.10 | 2.95 | 3.26 | 3.27 | 0.28 | 1.96 | 3.18 | 3.47 | 3.62 | 4.47 | 3.84 | 1.94 | 2.50 | 2.22 | 1.93 | 1.59 | 0.81 | 1.24 | 2.21 | 0.93 | 0.69 | 0.04 | 0.30 | 0.13 | 0.30 | 0.27 | 0.25 | 0.29 | 0.22 |
| EPS Diluted | 0.23 | -2.00 | 0.92 | -2.42 | 16.21 | 2.35 | 0.85 | 5.08 | 3.59 | 4.15 | 2.09 | 2.94 | 3.23 | 3.24 | 0.28 | 1.91 | 3.18 | 3.28 | 3.43 | 4.27 | 3.73 | 1.87 | 2.42 | 2.16 | 1.90 | 1.56 | 0.77 | 1.23 | 2.21 | 0.93 | 0.60 | 0.04 | 0.30 | 0.13 | 0.30 | 0.27 | 0.25 | 0.29 | 0.22 |
| Weighted Avg Shares Out | 191.01M | 191.78M | 191.55M | 191.15M | 190.80M | 190.51M | 189.53M | 188.84M | 188.35M | 187.57M | 186.94M | 185.81M | 184.31M | 182.34M | 171.60M | 153.90M | 151.95M | 144.96M | 143.81M | 127.73M | 114.57M | 107.99M | 90.88M | 88.24M | 87.54M | 82.59M | 55.91M | 49.70M | 47.45M | 44.46M | 40.79M | 30.60M | 33.56M | 33.73M | 34.21M | 36.79M | 40.39M | 47.93M | 50.99M |
| Weighted Avg Shares Out (Dil) | 191.86M | 191.78M | 192.12M | 191.15M | 191.05M | 191.46M | 191.26M | 189.10M | 189.56M | 188.69M | 187.71M | 186.53M | 186.02M | 184.16M | 173.50M | 158.12M | 151.95M | 153.39M | 143.81M | 135.78M | 118.97M | 111.84M | 93.90M | 90.45M | 88.89M | 84.15M | 58.74M | 50.09M | 47.45M | 44.46M | 46.81M | 30.60M | 33.56M | 33.73M | 34.21M | 36.79M | 40.39M | 47.93M | 50.99M |
Vornado Realty Trust (VNO) Q3 2023 Earnings Call Transcript
Vornado Realty Trust (NYSE:VNO ) Q3 2023 Earnings Conference Call October 31, 2023 10:00 AM ET Company Participants Steve Borenstein – Senior Vice President and Corporation Counsel Steven Roth – Chairman and Chief Executive Officer Michael Franco – President and...
Vornado's (VNO) FFO Meets Estimates in Q3, Revenues Miss
Vornado's (VNO) Q3 results reflect lower-than-anticipated revenues despite decent leasing activity. Also, higher operating expenses act as a dampener.
Vornado (VNO) Q3 FFO Meet Estimates
Vornado (VNO) came out with quarterly funds from operations (FFO) of $0.66 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.81 per share a year ago.
Compared to Estimates, Vornado (VNO) Q3 Earnings: A Look at Key Metrics
Although the revenue and EPS for Vornado (VNO) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Vornado Announces Third Quarter 2023 Financial Results
NEW YORK, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) reported today: Quarter Ended September 30, 2023 Financial Results NET INCOME attributable to common shareholders for the quarter ended September 30, 2023 was $52,846,000, or $0.28 per...
Nextech3D.ai brings 3D models onto Amazon's Seller Central through Vornado Air expansion contract
Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) announced that it has signed an expanded 3D modelling contract with Vornado Air, a U.S. company specializing in the manufacturing and marketing of air circulators, air purifiers, heaters and humidifiers.
Vornado Declares Quarterly Dividends On Preferred Shares
NEW YORK, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its Board of Trustees has declared the following quarterly preferred dividends:
Vornado Announces Third Quarter Earnings Release Date and Conference Call Information
NEW YORK, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that it will file its quarterly report on Form 10-Q for the quarter ended September 30, 2023 with the U.S. Securities and Exchange Commission and issue its third...
Vornado reels in Blue Ribbon for Penn 1 mega-project in former dining wasteland
Market watchers attribute much of the success to food options that would have been unthinkable there just a few years ago.
New York Office Risks Remain, But Vornado Is Appropriately Discounted
Office REITs experienced a significant positive revaluation in the first half of 2023, but the recovery rally slowed in September. Vornado Realty Trust, a large office REIT, has a low forward "P/FFO" of ~8X but a high short interest and...
Source: https://incomestatements.info
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