# Vornado Realty Trust (VNO) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Real Estate / Equity Real Estate Investment Trusts (REITs). Price $36.59, market value $7.2 billion.

## Valuation
- **P/E (trailing): 1219.7×** (5-yr avg 305.8×, 3-yr avg 384.8×). Vornado Realty Trust trades at 1219.7× trailing earnings, well above its own five-year average of 305.8×: investors are paying up relative to the company's past. The Real Estate median in the September 2026 study was 25.2×. Forward P/E is 118.0×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.01**. A PEG of 0.01 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 4.0×**. Each dollar of revenue is priced at 4.0×.
- **Price / book: 1.2×**. The shares trade at 1.2× book value; book value is a meaningful part of the valuation.
- **Earnings yield: 0.1%**. The inverse of the P/E: 0.1% of the price is earned each year.

## Profitability
- **Net margin: 50.0%**. 50.0% of each dollar of sales reaches the bottom line.
- **Return on equity: 15.1%**. 15.1% on shareholders' equity is solid.
- **Return on assets: 0.4%**. Each dollar of assets produces 0.4% of profit.

## Growth
- **Revenue growth (1 yr): 1.3%** (3-yr 0.2%/yr, 5-yr 3.5%/yr). Revenue grew 1.3% over the last year, against 3.5% a year compounded over five years: growth is slowing.

## Financial health
- **Debt to equity: 0.38**. Debt is 0.38 times equity: a conservative balance sheet.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 2.02%** ($0.74 per share, trailing). Vornado Realty Trust yields 2.02%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 16%**. 16% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 2**. 2 straight years of increases.
- **Dividend growth (5 yr): -20.8%/yr** (1-yr 0.0%). The dividend has not grown over five years.

## Analyst view
- **Analyst consensus: hold** (13 analysts). 13 analysts cover Vornado Realty Trust; the consensus is hold, with an average price target of $40.46 (+11% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -6.2%** (YTD 9.9%, 3-mo 3.9%). The shares are down 6.2% over twelve months including dividends.
- **From 52-week high: -15.6%** (48.9% above the low). Trading 16% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 38**. An RSI of 38 is neutral.
- **Beta (1 yr): 1.07** (volatility 32%). Beta of 1.07 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=VNO · Page: https://foliofundamentals.com/stocks/vno

Not investment advice.