VORNADO REALTY TRUST
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $1.8B | $1.8B | $1.8B | $1.8B | $1.6B |
| Operating expenses | $1.6B | $1.5B | $1.6B | $1.5B | $1.4B |
| Interest expense | $353.9M | $390.3M | $349.2M | $279.8M | $231.1M |
| Pretax income | $950.7M | $42.8M | $62.1M | -$361.0M | $197.1M |
| Income tax expense | $13.5M | $22.7M | $29.2M | $21.7M | -$10.5M |
| Net income | $905.0M | $70.4M | $105.5M | -$346.5M | $176.0M |
| Balance Sheet | |||||
| Cash and equivalents | $840.9M | $733.9M | $997.0M | $889.7M | $1.8B |
| Total assets | $15.5B | $16.0B | $16.2B | $16.5B | $17.3B |
| Total liabilities | $8.7B | $9.8B | $9.8B | $10.0B | $10.1B |
| Stockholders' equity | $6.0B | $5.2B | $5.5B | $5.8B | $6.2B |
| Cash Flow Statement | |||||
| Cash from operations | $1.3B | $537.7M | $648.2M | $798.9M | $761.8M |
| Depreciation and amortization | $481.5M | $469.4M | $457.6M | $526.3M | $432.6M |
| Stock-based compensation | $25.5M | $30.2M | $43.2M | $29.2M | $38.3M |
| Capital expenditure | $296.7M | $0 | $33.1M | $3.0M | $3.0M |
| Free cash flow | $961.7M | $537.7M | $615.0M | $795.9M | $758.8M |
| Dividends paid | $141.3M | $141.1M | $129.1M | $406.6M | $406.1M |
| Share repurchases | $51.0M | $0 | $29.2M | $0 | $0 |
Shares outstanding 188.1M · Free float 85.1%
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.