VORNADO REALTY TRUSTVNOEarnings & Financial Report
Vornado Realty Trust is a real estate investment trust formed in Maryland in 1982, with its primary office in New York City. The company invests in office buildings and street retail in Manhattan.
Revenue
$443.3M
Gross Profit
N/A
Operating Profit
$-14.6M
Net Profit
$-3.6M
Gross Margin
N/A
Operating Margin
-3.3%
Net Margin
-0.8%
YoY Growth
-1.7%
EPS
$-0.10
VORNADO REALTY TRUST Q3 FY2024 Financial Summary
VORNADO REALTY TRUST reported revenue of $443.3M (down 1.7% YoY) for Q3 FY2024, with a net profit of $-3.6M (down 105.3% YoY) (-0.8% margin).
Key Financial Metrics
| Total Revenue | $443.3M |
|---|---|
| Net Profit | $-3.6M |
| Gross Margin | N/A |
| Operating Margin | -3.3% |
| Report Period | Q3 FY2024 |
Revenue Breakdown
VORNADO REALTY TRUST Q3 FY2024 revenue of $443.3M breaks down across 7 segments, led by New York Segment at $362.5M (81.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| New York Segment | $362.5M | 81.8% |
| Building Maintenance Service | $37.8M | 8.5% |
| Other | $15.2M | 3.4% |
| Tenant Services | $13.2M | 3.0% |
| Parking Revenue | $4.6M | 1.0% |
| Management And Leasing Fees | $2.8M | 0.6% |
| Deferred Compensation Plan Assets | $1.3M | 0.3% |
VORNADO REALTY TRUST Revenue by Segment — Quarterly Trend
VORNADO REALTY TRUST revenue by segment across the last 4 reported quarters, showing how each business line (such as New York Segment and Building Maintenance Service) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| New York Segment | — | $374.8M | $367.3M | $358.2M |
| Building Maintenance Service | — | $41.2M | $42.5M | $37.4M |
| Other | — | $27.7M | $19.1M | $9.7M |
| Tenant Services | — | $11.1M | $14.2M | $9.1M |
| Parking Revenue | — | — | $5.1M | — |
VORNADO REALTY TRUST Annual Revenue by Year
VORNADO REALTY TRUST annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.8B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.8B |
| 2024 | $1.8B |
| 2023 | $1.8B |
| 2022 | $1.8B |
VORNADO REALTY TRUST Quarterly Revenue & Net Profit History
VORNADO REALTY TRUST results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $459.1M | -0.5% | $-22.8M | -5.0% |
| Q4 FY2025 | $453.7M | -0.9% | $4.9M | 1.1% |
| Q3 FY2025 | $453.7M | +2.4% | $27.1M | 6.0% |
| Q2 FY2025 | $441.4M | -2.0% | $759.3M | 172.0% |
| Q1 FY2025 | $461.6M | +5.8% | $102.4M | 22.2% |
| Q4 FY2024 | $457.8M | +3.6% | $5.8M | 1.3% |
| Q3 FY2024 | $443.3M | -1.7% | $-3.6M | -0.8% |
| Q2 FY2024 | $450.3M | -4.7% | $50.8M | 11.3% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $450.3M | $443.3M | $457.8M | $461.6M | $441.4M | $453.7M | $453.7M | $459.1M |
| YoY Growth | -4.7% | -1.7% | 3.6% | 5.8% | -2.0% | 2.4% | -0.9% | -0.5% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $16.21B | $16.08B | $16.00B | $15.60B | $15.61B | $15.75B | $15.52B | $15.92B |
| Liabilities | $9.80B | $9.82B | $9.83B | $9.37B | $8.59B | $8.73B | $8.72B | $9.21B |
| Equity | $5.63B | $5.28B | $5.16B | $5.31B | $6.09B | $6.07B | $5.99B | $6.02B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $194.7M | $105.4M | $537.7M | $52.0M | $1.03B | $33.2M | $1.26B |