Vornado Realty Trust (VNO) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 459.11M | 453.71M | 453.7M | 441.44M | 461.58M | 457.79M | 443.25M | 450.27M | 436.38M | 441.89M | 451M | 472.36M | 445.92M | 446.94M | 457.43M | 453.49M | 442.13M | 421.08M | 409.21M | 378.94M |
| Revenue Growth % | -0.54% | -0.89% | 2.36% | -1.96% | 5.78% | 3.6% | -1.72% | -4.68% | -2.14% | -1.13% | -1.41% | 4.16% | 0.86% | 6.14% | 11.78% | 19.67% | 16.36% | 11.86% | 12.43% | 10.47% |
| Property Operating Expenses | 483.69M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 219.93M | 233.74M | 222.72M | 228.77M | 213.48M | 221.6M | 222.31M | 216.53M | 202.72M | 212.7M | 190.92M |
| Net Operating Income (NOI) | -24.58M | 453.71M | 453.7M | 441.44M | 461.58M | 457.79M | 443.25M | 450.27M | 436.38M | 221.96M | 217.26M | 249.64M | 217.15M | 233.46M | 235.84M | 231.19M | 225.6M | 218.36M | 196.51M | 188.02M |
| NOI Margin % | -5.35% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 50.23% | 48.17% | 52.85% | 48.7% | 52.24% | 51.56% | 50.98% | 51.03% | 51.86% | 48.02% | 49.62% |
| Operating Expenses | -74.94M | 387.5M | 396.38M | 374.9M | 379.49M | 385.74M | 387.67M | 377.63M | 372.78M | 164.51M | 146.19M | 146.57M | 148.16M | 165.31M | 163.7M | 150.56M | 158.66M | 160.55M | 126.42M | 120.38M |
| G&A Expenses | 0 | 40.05M | 37.49M | 39.98M | 38.6M | 36.64M | 35.51M | 38.48M | 37.9M | 46.04M | 35.84M | 39.41M | 41.59M | 31.44M | 29.17M | 31.9M | 41.22M | 34.2M | 25.55M | 30.6M |
| EBITDA | 168.89M | 184.56M | 179.06M | 186.63M | 203.35M | 193.19M | 175.98M | 186.51M | 177.6M | 177.07M | 186.06M | 213.45M | 181.57M | 207.76M | 210.92M | 202.48M | 189.21M | 190.66M | 181.33M | 156.12M |
| EBITDA Margin % | 36.79% | 40.68% | 39.47% | 42.28% | 44.06% | 42.2% | 39.7% | 41.42% | 40.7% | 40.07% | 41.26% | 45.19% | 40.72% | 46.49% | 46.11% | 44.65% | 42.8% | 45.28% | 44.31% | 41.2% |
| Depreciation & Amortization | 118.53M | 118.36M | 121.75M | 120.09M | 121.27M | 121.14M | 120.39M | 113.88M | 114.01M | 119.62M | 114.99M | 110.39M | 112.58M | 139.61M | 138.78M | 121.86M | 122.27M | 132.84M | 111.24M | 88.47M |
| D&A / Revenue % | 25.82% | 26.09% | 26.83% | 27.2% | 26.27% | 26.46% | 27.16% | 25.29% | 26.13% | 27.07% | 25.5% | 23.37% | 25.25% | 31.24% | 30.34% | 26.87% | 27.65% | 31.55% | 27.18% | 23.35% |
| Operating Income | 50.36M | 66.21M | 57.32M | 66.54M | 82.09M | 72.05M | 55.59M | 72.64M | 63.59M | 57.45M | 71.07M | 103.06M | 68.99M | 68.15M | 72.14M | 80.62M | 66.94M | 57.81M | 70.09M | 67.64M |
| Operating Margin % | 10.97% | 14.59% | 12.63% | 15.07% | 17.78% | 15.74% | 12.54% | 16.13% | 14.57% | 13% | 15.76% | 21.82% | 15.47% | 15.25% | 15.77% | 17.78% | 15.14% | 13.73% | 17.13% | 17.85% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 0.82x | 1.09x | 1.11x | 10.24x | 2.06x | 1.06x | 0.80x | 1.40x | 0.95x | -0.11x | 1.74x | 1.70x | 1.11x | -4.94x | 1.24x | 2.07x | 2.07x | 1.45x | 1.82x | 2.45x |
| Non-Operating Income | -22.73M | -27.43M | -36.07M | -834.04M | -115.64M | -34.77M | -25.41M | -65.13M | -22M | 67.34M | -82.31M | -45.38M | -27.1M | 503.68M | -22.82M | -48.89M | -41.13M | -55.9M | -22.59M | -59.51M |
| Pretax Income | -16.12M | 12.7M | 13.65M | 817.35M | 107.02M | 11.58M | -14.59M | 45.38M | 467K | -92.24M | 71.25M | 67.23M | 15.87M | -518.03M | 23.82M | 72.47M | 60.79M | 42.02M | 46.39M | 79.67M |
| Pretax Margin % | -3.51% | 2.8% | 3.01% | 185.16% | 23.18% | 2.53% | -3.29% | 10.08% | 0.11% | -20.87% | 15.8% | 14.23% | 3.56% | -115.91% | 5.21% | 15.98% | 13.75% | 9.98% | 11.34% | 21.03% |
| Income Tax | 5.91M | 7.78M | -5.59M | 4.12M | 7.19M | 5.82M | 4.88M | 5.28M | 6.74M | 8.37M | 11.68M | 4.5M | 4.67M | 6.97M | 3.71M | 3.56M | 7.41M | 10.05M | -25.38M | 2.84M |
| Effective Tax Rate % | -36.65% | 61.29% | -40.95% | 0.5% | 6.72% | 50.28% | -33.48% | 11.64% | 1443.25% | -9.08% | 16.4% | 6.69% | 29.42% | -1.35% | 15.58% | 4.92% | 12.19% | 23.93% | -54.7% | 3.57% |
| Net Income | -7.32M | 16.13M | 27.11M | 759.35M | 102.37M | 16.73M | -3.63M | 50.79M | 6.5M | -45.48M | 68.38M | 61.91M | 20.7M | -477.75M | 23.3M | 65.95M | 42.01M | 27.41M | 63.52M | 64.51M |
| Net Margin % | -1.59% | 3.55% | 5.98% | 172.02% | 22.18% | 3.65% | -0.82% | 11.28% | 1.49% | -10.29% | 15.16% | 13.11% | 4.64% | -106.89% | 5.09% | 14.54% | 9.5% | 6.51% | 15.52% | 17.02% |
| Net Income Growth % | -107.15% | -3.6% | 847.79% | 1395.1% | 1476.1% | 136.78% | -105.3% | -17.96% | -68.62% | 90.48% | 193.48% | -6.13% | -50.73% | -1842.66% | -63.32% | 2.22% | 104.41% | 114.06% | -3.32% | 134.83% |
| Funds From Operations (FFO) | 111.21M | 134.48M | 148.86M | 879.43M | 223.63M | 137.87M | 116.77M | 164.67M | 120.5M | 74.14M | 183.36M | 172.29M | 133.28M | -338.14M | 162.08M | 187.8M | 164.28M | 160.26M | 174.76M | 152.99M |
| FFO Margin % | 24.22% | 29.64% | 32.81% | 199.22% | 48.45% | 30.12% | 26.34% | 36.57% | 27.62% | 16.78% | 40.66% | 36.48% | 29.89% | -75.66% | 35.43% | 41.41% | 37.16% | 38.06% | 42.71% | 40.37% |
| FFO Growth % | -50.27% | -2.46% | 27.48% | 434.07% | 85.58% | 85.97% | -36.32% | -4.43% | -9.58% | 121.92% | 13.13% | -8.26% | -18.87% | -311% | -7.26% | 22.76% | 36.24% | 293.22% | -1.64% | 273.43% |
| FFO per Share | 0.59 | 0.70 | 0.78 | 4.37 | 1.11 | 0.69 | 0.61 | 0.85 | 0.63 | 0.39 | 0.95 | 0.88 | 0.69 | -1.76 | 0.84 | 0.98 | 0.86 | 0.83 | 0.91 | 0.80 |
| FFO Payout Ratio % | 13.96% | 116.6% | 10.43% | 1.77% | 6.94% | 102.34% | 13.3% | 9.43% | 12.89% | 77.04% | 8.47% | 9.01% | 53.99% | -30.07% | 62.72% | 54.11% | 61.86% | 63.39% | 58.09% | 66.36% |
| EPS (Diluted) | -0.12 | 0.00 | 0.06 | 3.70 | 0.43 | 0.01 | -0.10 | 0.18 | -0.05 | -0.32 | 0.28 | 0.24 | 0.03 | -2.57 | 0.04 | 0.26 | 0.14 | 0.06 | 0.20 | 0.25 |
| EPS Growth % | -127.91% | -69% | 160% | 1955.56% | 960% | 103.13% | -135.71% | -25% | -266.67% | 87.55% | 600% | -7.69% | -78.57% | -4383.33% | -80% | 4% | 600% | 105.5% | -28.57% | 124.27% |
| EPS (Basic) | -0.12 | 0.00 | 0.06 | 3.87 | 0.45 | 0.01 | -0.10 | 0.19 | -0.05 | -0.32 | 0.28 | 0.24 | 0.03 | -2.57 | 0.04 | 0.26 | 0.14 | 0.06 | 0.20 | 0.25 |
| Diluted Shares Outstanding | 189.66M | 191.76M | 192.05M | 201.07M | 200.74M | 200.08M | 190.56M | 194.41M | 190.43M | 190.36M | 192.92M | 194.8M | 191.88M | 191.83M | 192.02M | 192.04M | 192.04M | 192.04M | 191.58M | 192.38M |