Vornado Realty Trust (VNO-PO) — Financial statements
Income statement, balance sheet, and cash flow for Vornado Realty Trust — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 1,810↑1.3% | 1,788↓1.3% | 1,811↑0.6% | 1,800↑13.3% | 1,589 | |
| Cost of Revenue | 0.00 | 0.00↓100.0% | 905↑3.6% | 874↑9.6% | 797 | |
| Gross Profit | 1,810↑1.3% | 1,788↑97.3% | 906↓2.2% | 926↑16.9% | 792 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 156↑5.1% | 149↓8.8% | 163↑21.8% | 134↓0.6% | 135 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 156↑5.1% | 149↓8.8% | 163↑21.8% | 134↓0.6% | 135 | |
| Other Expenses | 1,382↑0.5% | 1,375↑210.8% | 443↓12.3% | 505↑22.3% | 412 | |
| Operating Expenses | 1,538↑0.9% | 1,524↑151.7% | 605↓5.1% | 638↑16.7% | 547 | |
| Total Costs & Expenses | 1,538↑0.9% | 1,524↑0.9% | 1,511↓0.1% | 1,512↑12.5% | 1,344 | |
| Operating Results | ||||||
| Operating Income | 272↑3.1% | 264↓12.2% | 301↑4.4% | 288↑17.5% | 245 | |
| Depreciation & Amortization | 481↑2.6% | 469↑2.6% | 458↓13.1% | 526↑21.7% | 433 | |
| EBITDA | 1,767↑100.6% | 881↑4.1% | 846↑99.8% | 423↓49.6% | 841 | |
| EBIT | 1,285↑212.6% | 411↑6.0% | 388↑476.8% | -103↓125.2% | 408 | |
| Interest & Other Income | ||||||
| Net Interest Income | -307↑10.9% | -344↓13.6% | -303↓13.5% | -267↓17.9% | -226 | |
| Interest Income | 47↑2.5% | 46↓0.3% | 46↑260.6% | 13↑177.4% | 5 | |
| Interest Expense | 354↓9.3% | 390↑11.8% | 349↑24.8% | 280↑21.1% | 231 | |
| Non-Operating Income | -1,013↓587.7% | -147↓68.5% | -87↓122.4% | 391↑339.9% | -163 | |
| Other Income / Expenses | 679↑407.0% | -221↑7.3% | -238↑63.2% | -649↓1253.2% | -48 | |
| Income Before Tax | 951↑2119.0% | 43↓31.0% | 62↑117.2% | -361↓283.2% | 197 | |
| Income Tax Expense | 14↓40.6% | 23↓22.2% | 29↑34.9% | 22↑306.4% | -10 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 937↑4559.0% | 20↓38.8% | 33↑108.6% | -383↓284.3% | 208 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 905↑1185.7% | 70↓33.3% | 105↑130.4% | -346↓296.9% | 176 | |
| Bottom-Line Net Income | 843↑10085.5% | 8↓80.9% | 43↑110.6% | -409↓504.4% | 101 | |
| EPS (Basic) | 4.40↑10900.0% | 0.04↓82.6% | 0.23↑110.8% | -2.13↓501.9% | 0.53 | |
| EPS (Diluted) | 4.20↑10400.0% | 0.04↓82.6% | 0.23↑110.8% | -2.13↓501.9% | 0.53 | |
| Weighted Average Shares | 192↑0.6% | 191↓0.2% | 191↓0.4% | 192↑0.1% | 192 | |
| Weighted Average Diluted Shares | 192↓2.5% | 197↑2.5% | 192↑0.0% | 192↓0.2% | 192 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.