Nov 3
VNO · Vornado Realty Trust
$36.29
+2.42 (+7.14%)
At close · Nov 4
Return incl. dividend (before tax)
Market Cap
$6.78B
Shares
186.72M
Volume · Nov 4
2.81M
Avg daily vol (3M)
1.36M
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Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$36.29
Open$34.49
Day$34.14–36.30
52W close$24.71–40.91
Avg vol 30d1.5M
Short int13.6M · 7.3% of shares · 10.1d
Short vol39%
Last earningsNov 3, 2026
DataJan 2020–Nov 2026
Filing10-Q · Nov 2
Up next
Feb 2, 2027
Est · unconfirmed
· in 13 wks
Latest documents
2026
Nov 2
Current report
8-K
Financial results
Vornado Realty Trust reported adjusted FFO of $126,656,000, or $0.65 per diluted share, for the quarter ended September 30, 2026. The company expects an estimated net gain of approximately $485,000,000 in the fourth quarter of 2026.
Nov 2
Quarterly report
10-Q
FY2026 Q3, ended Sep 30
Quarterly report for FY2026 Q3
Vornado reported a $47,138,000 net loss attributable to common shareholders for the quarter ended September 30, 2026, while FFO attributable to common shareholders plus assumed conversions increased to $122,646,000, or $0.62 per diluted share, from $117,372,000, or $0.58.
Revenue $467.66M
▲ 3.1%
Net loss $31.61M
Diluted EPS -$0.25
Sep 15
Aug 4
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$1.84B
Trailing 12 months
Net income (TTM)
$9.16M
Trailing 12 months
Revenue growth YoY
+3.1%
Year over year
Operating margin
—
Trailing 12 months
P / FFO
12.4×
Company-stated · TTM · reciprocal yield 8.1%
P / AFFO
14.6×
Company-stated · FY2025 · reciprocal yield 6.8%
P / E (TTM)
—
Trailing earnings
Net cash
−$2.02B
Latest balance sheet
Dividend yield
2.2%
Trailing 12 months
Shares change YoY
-6.6%
Year over year · fewer shares
Price change (1Y)
-10.2%
Trailing year
Short interest
7.3%
Latest settlement · 10.1 days to cover
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
Equibles Rating
blended score · not investment adviceOverall
Buy
SellHoldBuy
Technical
Buy
Momentum
Very Strong
Sentiment
Neutral
Fundamentals
Strong
Quant / Vol
Moderate
Market backdrop
VIX 16.6 · calm
Equity put/call 0.44
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
+9%
above
Price vs 50-day avg
+4%
above
RSI (14)
61
neutral
MACD trend
Positive
52-week position
71%
mid-range
Momentum
relative strength
1-month return
+7%
trailing
6-month return
+17%
trailing
YTD return
+9%
this year
Relative strength
+14%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $35 › 200d $33 — 50d above 200d
Institutional flow
Accumulating
172 of 441 funds reported for Sep 30 · net +242.5K sh shares · +19 new
Insider flow
Distributing
Net -$3.1M over 90 days · 100% sells
Short interest
Rising
7.31% of shares out · ▲ +6.3% MoM · 10.1 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
441 holders — near 3-yr high, broad support
Squeeze score
85
high risk · 0–100
Fundamentals
Revenue growth
+1%
Y/Y
EPS growth
+10400%
Y/Y
Buyback
$286.6M
remaining
Balance sheet
$1.4B
net debt
Quant / Vol
risk profile
Volatility
33%
annualized · 1-yr
Max drawdown
−34%
past year
ATR
3.3%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the 8-K filed Nov 2, 2026
2030
Projected Unlevered Cash Yield
9.2%
2028
Projected Unlevered Cash Yield
10.1%
Previous outlook
earlier release
· from the Earnings Call filed Aug 4, 2026
Still-open targets the latest release did not restate under the same label.
Occupancy
· by year-end 2026
at least 93%
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Buy
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
+9%
Bullish
Price vs 50-day avg
+4%
Bullish
RSI (14)
61
Neutral
MACD trend
Positive
Bullish
52-week position
71%
Neutral
Market signals — smart money & positioning
Mixed
Trend (MA cross)
No cross
50d $35 › 200d $33 — 50d above 200d
Institutional flow
Accumulating
172 of 441 funds reported for Sep 30 · net +242.5K sh shares · +19 new
Insider flow
Distributing
Net -$3.1M over 90 days · 100% sells
Short interest
Rising
7.31% of shares out · ▲ +6.3% MoM · 10.1 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
441 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $25
Now $36 · 71%
Range high $41
vs 200-day avg +9%
vs 50-day avg +4%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| % increase (decrease) in same store NOI at share - cash basis | 0.8% | six months ended June 30, 2026 | — |
| % increase in same store NOI at share - cash basis | 5.6% | three months ended June 30, 2026 | — |
| Average monthly rent per unit - New York residential | $5,197 | June 30, 2026 | — |
| Average price per share repurchased | $29.92 | the three months ended June 30, 2026 | — |
| Class A units issued to satisfy conversions of LTIP units | 5,988 | the quarter ended June 30, 2026 filing | — |
| Class A units issued to satisfy conversions of Performance AO LTIP Units | 50,904 | the quarter ended June 30, 2026 filing | — |
| Common share repurchase amount | $53,461,000 | the three months ended June 30, 2026 | — |
| Common share repurchase capacity remaining | $286,590,000 | As of August 3, 2026 | — |
| Common shares issued for redemption of Class A units and conversions of Series A preferred share | 409,865 | the quarter ended June 30, 2026 filing | — |
| Common shares repurchased | 1,787,090 | the three months ended June 30, 2026 | — |
| Consolidated Unencumbered EBITDA (non-GAAP) total non-GAAP | 462.12M | Trailing Twelve Months | — |
| EBITDAre (non-GAAP) non-GAAP | 292.25M | three months ended June 30, 2026 | — |
| EBITDAre attributable to the Operating Partnership (non-GAAP) non-GAAP | 279.92M | three months ended 6/30/2026 | — |
| EBITDAre attributable to the Operating Partnership, as adjusted (non-GAAP) non-GAAP | 279.45M | three months ended 6/30/2026 | — |
| EBITDAre, as adjusted (non-GAAP) non-GAAP | 279.45M | three months ended June 30, 2026 | — |
| FAD (non-GAAP) non-GAAP | 77.91M | three months ended June 30, 2026 | — |
| FFO attributable to Class A unitholders (non-GAAP) non-GAAP | 156.4M | Three months ended June 30, 2026 | — |
| FFO attributable to common shareholders plus assumed conversions non-GAAP | $144,078,000 | the quarter ended June 30, 2026 filing | — |
| FFO attributable to common shareholders plus assumed conversions (non-GAAP) non-GAAP | $240,391,000 | the six months ended June 30, 2026 | — |
| FFO attributable to common shareholders plus assumed conversions per diluted share (non-GAAP) non-GAAP | $1.22 | the six months ended June 30, 2026 | — |
| FFO attributable to common shareholders plus assumed conversions, as adjusted (non-GAAP) non-GAAP | $234,241,000 | the six months ended June 30, 2026 | — |
| FFO attributable to common shareholders plus assumed conversions, as adjusted per diluted share non-GAAP | $1.19 | the six months ended June 30, 2026 | — |
| FFO per diluted share non-GAAP | $0.74 | the three months ended June 30, 2026 filing | — |
| FFO per diluted share (non-GAAP) non-GAAP | $0.74 | Three months ended June 30, 2026 | — |
| Fixed billings | 351.28M | the three months ended June 30, 2026 filing | — |
| Fixed charge coverage | 2.02 | As of June 30, 2026 | — |
| Net debt / EBITDAre, as adjusted (non-GAAP) non-GAAP | 8 | Trailing Twelve Months Ended June 30, 2026 | — |
| NOI at share non-GAAP | 576.19M | six months ended June 30, 2026 | — |
|
|
|||
| NOI at share - cash basis non-GAAP | 504.24M | six months ended June 30, 2026 | — |
| Occupancy rate - 555 California Street | 87.5% | June 30, 2026 | — |
| Occupancy rate - New York | 90.8% | June 30, 2026 | — |
| Occupancy rate - THE MART | 80.4% | June 30, 2026 | — |
| Our Share of NOI (non-GAAP) - Total non-GAAP | 144.95M | Six Months Ended June 30, 2026 | — |
| Per diluted share (non-GAAP) - FFO as adjusted non-GAAP | $1.19 | six months ended June 30, 2026 | — |
| Per diluted share (non-GAAP) FFO attributable to common shareholders plus assumed conversions, a non-GAAP | $0.67 | three months ended 6/30/2026 | — |
| Recurring tenant improvements, leasing commissions and other capital expenditures | 74.01M | For the Six Months Ended June 30, 2026 | — |
| Residential occupancy rate - New York | 97.2% | June 30, 2026 | — |
| Same store NOI at share non-GAAP | 275.59M | three months ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP NOI at share 304.06M
-2.7M Acquisitions
+437K Dispositions
-4.6M Development properties
-21.61M Other non-same store income, net
= Same store NOI at share 275.59M
|
|||
| Same store NOI at share % increase (decrease) - 555 California Street non-GAAP | -14.3% | three months ended June 30, 2026 filing | — |
| Same store NOI at share % increase (decrease) - New York non-GAAP | 11.9% | three months ended June 30, 2026 filing | — |
| Same store NOI at share % increase (decrease) - Six months ended June 30, 2026 compared to June non-GAAP | 8.1% | Six months ended June 30, 2026 | — |
| Same store NOI at share % increase (decrease) - THE MART non-GAAP | 9.1% | three months ended June 30, 2026 filing | — |
| Same store NOI at share % increase (decrease) - Total non-GAAP | 8.1% | Six months ended June 30, 2026 compared to June 30, 2025 | — |
| Same store NOI at share % increase (decrease) - Total, three months ended June 30, 2026 compared non-GAAP | 9.8% | Three months ended June 30, 2026 | — |
| Same store NOI at share - cash basis % increase (decrease) - 555 California Street non-GAAP | -48.6% | three months ended June 30, 2026 filing | — |
| Same store NOI at share - cash basis % increase (decrease) - New York non-GAAP | 6.2% | three months ended June 30, 2026 filing | — |
| Same store NOI at share - cash basis % increase (decrease) - THE MART non-GAAP | 15.1% | three months ended June 30, 2026 filing | — |
| Same store NOI at share - cash basis % increase (decrease) - Total non-GAAP | 0.8% | Six months ended June 30, 2026 compared to June 30, 2025 | — |
| Same store NOI at share - cash basis % increase (decrease) - Total, three months ended June 30, non-GAAP | 2.9% | Three months ended June 30, 2026 | — |
| Total contractual operating lease billings | 386.83M | the three months ended June 30, 2026 filing | — |
| Total Liquidity | 1.98B | As of June 30, 2026 | — |
| Total outstanding debt/total assets | 34% | As of June 30, 2026 | — |
| Unencumbered coverage ratio | 7.43 | As of June 30, 2026 | — |
| Variable billings | 35.55M | the three months ended June 30, 2026 filing | — |
| VNO common shares outstanding | 186.72M | As of June 30, 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Office — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
VNO
this stock
Vornado Realty Trust
|
$6.78B | +9.0% | +1.3% | — | 7.3% |
|
BXP
BXP, Inc.
|
$10.53B | -2.3% | +2.2% | 35.5 | 7.8% |
|
ARE
Alexandria Real Estate Equities, Inc.
|
$8.01B | -6.0% | -2.9% | — | 4.2% |
|
CUZ
Cousins Properties Inc
|
$4.99B | +17.6% | +16.0% | 337.0 | 8.3% |
|
KRC
Kilroy Realty Corp
|
$4.19B | +1.2% | -2.0% | 144.1 | 11.3% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
SEC Filings
Latest
10-Q
- Filed
- Nov 2, 2026
- This year
- 18
Vornado reported a $47,138,000 net loss attributable to common shareholders for the quarter ended September 30, 2026, while FFO attributable to common shareholders plus assumed conversions increased to $122,646,000, or $0.62 per diluted share, from $117,372,000, or $0.58.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| VNO | +5.7% | +7.4% | +16.8% | +5.0% | +9.0% |
| SPY | -0.7% | -1.3% | +2.5% | +1.5% | +12.5% |
| vs SPY | +6.4% | +8.8% | +14.3% | +3.6% | -3.4% |
Capital returns
Latest dividend
$0.74
/ share · ex Dec 18, 2025
Paid (TTM)
$0.74
/ share · 1 payout
Dividend yield (TTM, derived)
— · history filling in
Buyback program
· as of Sep 30, 2026
Authorized
$300.00M
Spent (derived)
$13.41M
Remaining
$286.59M
Spent
Remaining
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
Key facts
CIK
899689
CUSIP
929042109
13F (30d)
168 filings
151 filers
Visit website
Investor relations