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Vornado Realty Trust (VNO)
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Financials

Company Info

ISIN
US9290421091
CUSIP
929042109
IPO Date
Jan 5, 1988

Highlights

Market Cap
$4.98B
Enterprise Value
$13.99B
EPS (TTM)
$4.32
PE Ratio
6.01
PEG Ratio
0.00
Total Revenue (TTM)
$1.81B
Gross Profit (TTM)
$890.47M
EBITDA (TTM)
$1.74B
Year Range
$24.57 - $43.37
Target Price
$39.00
ROA (TTM)
5.43%
ROE (TTM)
14.08%

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Vornado Realty Trust, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

Vornado Realty Trust (VNO) has returned -21.91% so far this year and -28.18% over the past 12 months. Over the last ten years, VNO has returned -6.58% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.


Vornado Realty Trust

1D
3.22%
1M
-5.77%
YTD
-21.91%
6M
-34.46%
1Y
-28.18%
3Y*
21.09%
5Y*
-7.82%
10Y*
-6.58%

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Jan 5, 1988, VNO's average daily return is +0.05%, while the average monthly return is +1.01%. At this rate, your investment would double in approximately 5.7 years.

Historically, 59% of months were positive and 41% were negative. The best month was Apr 2009 with a return of +47.1%, while the worst month was Feb 2009 at -34.4%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 6 months.

On a daily basis, VNO closed higher 47% of trading days. The best single day was Nov 9, 2020 with a return of +27.4%, while the worst single day was Mar 16, 2020 at -24.3%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026-4.21%-13.49%-5.77%-21.91%
20252.90%-2.82%-12.01%-4.62%6.77%1.51%0.47%-1.02%6.57%-6.39%-2.95%-7.62%-19.09%
2024-3.75%-3.27%9.39%-9.52%-5.80%7.22%14.07%14.60%14.63%5.10%3.96%-0.70%51.32%
202319.21%-18.90%-22.30%-2.34%-9.66%33.78%23.93%6.85%-5.58%-15.34%22.60%21.25%39.50%
2022-0.70%5.54%4.71%-14.59%-8.38%-18.22%6.30%-12.08%-11.67%1.86%9.78%-17.71%-46.66%
20217.90%8.00%5.71%0.79%4.53%-1.29%-6.79%-2.51%0.31%1.48%-4.68%4.29%17.78%

Benchmark Metrics

Vornado Realty Trust has an annualized alpha of 4.16%, beta of 0.94, and R² of 0.27 versus S&P 500 Index. Calculated based on daily prices since January 06, 1988.

  • This stock participated in 91.79% of S&P 500 Index downside but only 91.39% of its upside — more exposed to losses than it benefited from rallies.
  • R² of 0.27 means this stock moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
4.16%
Beta
0.94
0.27
Upside Capture
91.39%
Downside Capture
91.79%

Return for Risk

Risk / Return Rank

VNO ranks 11 for risk / return — in the bottom 11% of stocks on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.


VNO Risk / Return Rank: 1111
Overall Rank
VNO Sharpe Ratio Rank: 99
Sharpe Ratio Rank
VNO Sortino Ratio Rank: 1111
Sortino Ratio Rank
VNO Omega Ratio Rank: 1212
Omega Ratio Rank
VNO Calmar Ratio Rank: 1717
Calmar Ratio Rank
VNO Martin Ratio Rank: 77
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Vornado Realty Trust (VNO) and compare them to a chosen benchmark (S&P 500 Index).


VNOBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

-0.78

0.90

-1.68

Sortino ratio

Return per unit of downside risk

-0.99

1.39

-2.37

Omega ratio

Gain probability vs. loss probability

0.88

1.21

-0.33

Calmar ratio

Return relative to maximum drawdown

-0.67

1.40

-2.07

Martin ratio

Return relative to average drawdown

-1.57

6.61

-8.18

Explore VNO risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

Vornado Realty Trust provided a 2.85% dividend yield over the last twelve months, with an annual payout of $0.74 per share. The company has been increasing its dividends for 2 consecutive years.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%$0.00$2.00$4.00$6.00$8.00$10.00$12.0020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$0.74$0.74$0.74$0.68$2.12$2.12$2.38$4.59$2.52$2.35$2.04$11.64

Dividend yield

2.85%2.22%1.76%2.39%10.19%5.06%6.37%6.90%4.06%3.00%2.41%14.41%

Monthly Dividends

The table displays the monthly dividend distributions for Vornado Realty Trust. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.00$0.00
2025$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.74$0.74
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.74$0.74
2023$0.38$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.30$0.68
2022$0.53$0.00$0.00$0.00$0.53$0.00$0.00$0.53$0.00$0.00$0.53$0.00$2.12
2021$0.53$0.00$0.00$0.00$0.53$0.00$0.00$0.53$0.00$0.00$0.53$0.00$2.12

Dividend Yield & Payout


Dividend Yield

Vornado Realty Trust has a dividend yield of 2.85%, which is quite average when compared to the overall market.

Payout Ratio

Vornado Realty Trust has a payout ratio of 11.05%, which is below the market average. This means Vornado Realty Trust returns a smaller proportion of its earnings to shareholders as dividends, suggesting it retains a higher portion for reinvestment, growth, or debt payment.

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Vornado Realty Trust. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Vornado Realty Trust was 80.89%, occurring on May 16, 2023. The portfolio has not yet recovered.

The current Vornado Realty Trust drawdown is 57.87%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-80.89%Feb 22, 20171569May 16, 2023
-76.78%Feb 8, 2007522Mar 5, 20091299May 2, 20141821
-44.01%Jan 21, 1998182Oct 8, 1998809Dec 28, 2001991
-27.9%Jan 27, 2015264Feb 11, 2016254Feb 14, 2017518
-24.71%Jun 5, 1989318Sep 5, 1990156Apr 18, 1991474

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Financials

Financial Performance

The chart below illustrates the trends in the financial health of Vornado Realty Trust over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.


Annual
Quarterly

0.0

Valuation

The Valuation section provides an overview of how Vornado Realty Trust is priced in the market compared to other companies in the REIT - Office industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.


PE Ratio

The chart displays the Price-to-Earnings (P/E) ratio for VNO, comparing it with other companies in the REIT - Office industry. Currently, VNO has a P/E ratio of 6.0. This P/E ratio is considered low compared to industry peers, which may suggest that the stock is undervalued or that the company has weaker growth prospects.

PEG Ratio

The chart shows the Price/Earnings to Growth (PEG) ratio for VNO compared to other companies in the REIT - Office industry. VNO currently has a PEG ratio of 0.0. This PEG ratio is low compared to industry peers, which could indicate the stock is undervalued relative to its expected growth.

PS Ratio

This chart shows the Price-to-Sales (P/S) ratio for VNO relative to other companies in the REIT - Office industry. Currently, VNO has a P/S ratio of 2.8. This P/S ratio falls within the average range for the industry, suggesting the stock is fairly valued based on its revenue.

PB Ratio

The chart illustrates the Price-to-Book (P/B) ratio for VNO in comparison with other companies in the REIT - Office industry. Currently, VNO has a P/B value of 1.0. This P/B ratio is higher than most companies in the industry. It may suggest the stock is overvalued or that investors expect the company to generate high returns on its assets.

Income Statement



TTM
Revenue

Total Revenue

Cost Of Revenue

Gross Profit

Operating Expenses

Selling, General & Admin Expenses

R&D Expenses

Depreciation And Amortization

Total Operating Expenses

Income

Income Before Tax

Operating Income

EBITDA

EBIT

Earnings From Continuing Operations

Net Income

Income Tax Expense

Other Non-Operating Income (Expenses)

Extraordinary Items

Discontinued Operations

Effect Of Accounting Charges

Non Recurring

Minority Interest

Other Items

Interest Income

Interest Expense

Net Interest Income

Values in undefined except per share items