VNO
Vornado Realty Trust
NYSEUSDEQUITY
Real Estate
DELAYED
Neutral
-5/100
Last price
33.52
▲ 0.31 (0.93%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
33.43
Prev close
33.21
Day high
33.82
Day low
33.20
Volume
1.62M
Market cap
$6.64B
P/E (TTM)
838.00
52W range
24.57 – 41.60
Day trading desk
Gap from prior close
+0.66%
Prior close 33.21
VWAP
33.50
+0.05% from price
Relative volume
1.74×
Unusually busy
Session range
1.88%
33.19 – 33.82
Position in range
52%
Mid range
ATR (14D)
0.87
2.60% of price
Prior day high
33.84
PDH
Prior day low
33.18
PDL
Bid / ask spread
—
Quote not published
Session volume
2.53M
Avg 1.46M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-1.09%
-3.0%
1M
-8.39%
-9.5%
3M
-11.93%
-16.4%
6M
+28.77%
+10.6%
YTD
+0.72%
-13.5%
1Y
-18.28%
-34.7%
3Y
+47.80%
-34.5%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
22 more panels on VNO open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
-96.92K
Net selling
Buy transactions
2
126.43K shares
Sell transactions
2
223.35K shares
Net transactions
+4
Buys less sells
Sell : buy shares
1.8 : 1
Mixed
Insider-held shares
13.89M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 29, 26 | CHERA HAIM Officer |
SELL | 90.00K | $3.06M | Direct |
| Jun 17, 26 | FASCITELLI MICHAEL D Director |
SELL | 133.35K | $4.88M | Direct |
| May 18, 26 | ROTH STEVEN Chief Executive Officer |
STOCK | 26.43K | $0 | Indirect |
| May 6, 26 | CHERA HAIM Officer |
— | 100.00K | — | Direct |
| Mar 12, 26 | TISCH DANIEL R Director |
BUY | 30.00K | $766.50K | Direct |
| Mar 3, 26 | TISCH DANIEL R Director |
BUY | 155.00K | $4.17M | Direct |
| Feb 24, 26 | TISCH DANIEL R Director |
BUY | 25.00K | $696.25K | Direct |
| Feb 23, 26 | CHERA HAIM Officer |
— | 100.00K | — | Direct |
| Sep 4, 25 | CHERA HAIM Officer |
SELL | 30.00K | $1.19M | Direct |
| May 30, 25 | CHERA HAIM Officer |
SELL | 20.00K | $759.63K | Direct |
| May 16, 25 | ROTH STEVEN Chief Executive Officer |
STOCK | 283.73K | $0 | Indirect |
| May 7, 25 | BEINECKE CANDACE K Director |
— | 3.47K | — | Indirect |
| May 7, 25 | CHERA HAIM Officer |
— | 50.00K | — | Direct |
| Dec 10, 24 | WIGHT RUSSELL B JR Director |
SELL | 2.00K | $89.73K | Indirect |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BEINECKE CANDACE K |
Director | — | Conversion of Exercise of derivative security |
CHERA HAIM |
Officer | 110.00K | Sale |
FASCITELLI MICHAEL D |
Director | 1.01M | Sale |
ROTH STEVEN |
Chief Executive Officer | — | Stock Gift |
TISCH DANIEL R |
Director | 215.00K | Purchase |
WIGHT RUSSELL B JR |
Director | — | Sale |
Fundamentals
Market cap$6.64B
Enterprise value$15.83B
Revenue (TTM)$1.88B
Gross profit$930.95M
EBITDA$771.63M
Net income$5.78M
EPS (TTM)$0.04
Free cash flow$445.74M
Total cash$710.46M
Total debt$8.19B
Book value / share—
Shares outstanding186.72M
Float156.62M
Short % of float7.53%
Dividend yield2.23%
Beta (5Y)1.59
Valuation & profitability ratios
Trailing P/E838.00
Forward P/E108.13
PEG ratio7.37
Price / sales—
Price / book—
EV / revenue8.43
EV / EBITDA20.52
Gross margin49.59%
Operating margin9.80%
Profit margin3.62%
Return on equity0.60%
Return on assets1.01%
Debt / equity122.32
Current ratio5.34
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $1.81B | $1.79B | $1.81B | $1.80B | — | +1.3% |
| Operating revenue | $1.81B | $1.79B | $1.81B | $1.80B | — | +1.3% |
| Cost of revenue | — | — | $905.16M | $873.91M | $797.32M | — |
| Gross profit | — | — | $906.00M | $926.08M | $791.89M | — |
| Selling, general & admin | $156.12M | $148.52M | $162.88M | $133.73M | — | +5.1% |
| Total operating expense | $1.54B | $1.52B | $1.51B | $1.51B | — | +0.9% |
| Operating income | $272.15M | $263.87M | $300.58M | $287.85M | — | +3.1% |
| Net interest income | -$306.72M | -$344.25M | -$299.26M | -$259.90M | — | +10.9% |
| Pre-tax income | $950.71M | $42.84M | $62.11M | -$360.95M | — | +2,119.0% |
| Tax provision | $13.51M | $22.73M | $29.22M | $21.66M | — | -40.6% |
| Net income | $904.96M | $70.39M | $105.49M | -$346.50M | — | +1,185.7% |
| Net income to common | $842.85M | $8.28M | $43.38M | -$408.62M | — | +10,085.5% |
| Basic EPS | 4.40 | 0.04 | 0.23 | -2.13 | — | +10,900.0% |
| Diluted EPS | 4.20 | 0.04 | 0.23 | -2.13 | — | +10,400.0% |
| EBIT | $1.29B | $411.19M | $388.03M | -$102.99M | — | +212.6% |
| EBITDA | $1.77B | $880.61M | $845.61M | $423.31M | — | +100.6% |
| Basic shares | 191.76M | 190.54M | 191.00M | 191.78M | — | +0.6% |
| Diluted shares | 201.05M | 196.63M | 191.86M | 191.78M | — | +2.2% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $840.85M | $733.95M | $997.00M | $889.69M | +14.6% |
| Cash & short-term investments | $840.85M | $733.95M | $997.00M | $1.36B | +14.6% |
| Accounts receivable | $829.68M | $765.87M | $771.21M | $776.14M | +8.3% |
| Total current assets | $1.97B | $1.72B | $2.03B | $2.31B | +15.0% |
| Property, plant & equipment | $671.31M | $678.80M | $680.04M | $684.38M | -1.1% |
| Goodwill & intangibles | $110.59M | $118.22M | $127.08M | $139.64M | -6.4% |
| Total assets | $15.52B | $16.00B | $16.19B | $16.49B | -3.0% |
| Total current liabilities | $1.10B | $949.01M | $1.02B | $1.07B | +15.6% |
| Current debt | $720.42M | $575.00M | $575.00M | $575.00M | +25.3% |
| Long-term debt | $6.47B | $7.67B | $7.68B | $7.81B | -15.7% |
| Total debt | $7.89B | $8.99B | $8.98B | $9.13B | -12.3% |
| Total liabilities | $8.72B | $9.83B | $9.84B | $9.98B | -11.3% |
| Retained earnings | -$3.49B | -$4.14B | -$4.01B | -$3.89B | +15.7% |
| Shareholder equity | $5.99B | $5.16B | $5.51B | $5.84B | +16.1% |
| Working capital | $876.64M | $766.48M | $1.01B | $1.25B | +14.4% |
| Net tangible assets | $5.88B | $5.04B | $5.38B | $5.70B | +16.6% |
| Shares issued | 190.67M | 190.85M | 190.39M | 191.87M | -0.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $937.20M | $20.12M | $32.89M | -$382.61M | +4,559.0% |
| Depreciation & amortisation | $481.46M | $469.42M | $457.57M | $526.31M | +2.6% |
| Stock-based compensation | $25.48M | $30.17M | $43.20M | $29.25M | -15.6% |
| Change in working capital | -$181.23M | -$56.98M | -$25.58M | $87.33M | -218.0% |
| Operating cash flow | $1.26B | $537.72M | $648.15M | $798.94M | +134.0% |
| Investing cash flow | $115.51M | -$597.37M | -$128.79M | -$906.86M | +119.3% |
| Share buybacks | -$50.99M | $0 | -$29.18M | $0 | — |
| Dividends paid | -$203.38M | -$203.22M | -$191.18M | -$468.68M | -0.1% |
| Financing cash flow | -$1.35B | -$252.32M | -$278.94M | -$801.27M | -433.4% |
| Free cash flow | $1.26B | $537.72M | $648.15M | $798.94M | +134.0% |
| End cash position | $977.55M | $949.62M | $1.26B | $1.02B | +2.9% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $462.24M | $459.11M | $453.71M | $453.70M | $441.44M | +0.7% |
| Operating revenue | $462.24M | $459.11M | $453.71M | $453.70M | $441.44M | +0.7% |
| Selling, general & admin | $39.10M | $42.24M | $40.05M | $37.49M | $39.98M | -7.4% |
| Total operating expense | $433.98M | $407.40M | $387.50M | $396.38M | $374.90M | +6.5% |
| Operating income | $28.27M | $51.70M | $66.21M | $57.32M | $66.54M | -45.3% |
| Net interest income | -$80.59M | -$79.88M | -$72.92M | -$69.20M | -$76.89M | -0.9% |
| Pre-tax income | $42.77M | -$16.12M | $12.70M | $13.65M | $817.35M | +365.3% |
| Tax provision | $3.57M | $5.91M | $7.78M | -$5.59M | $4.12M | -39.6% |
| Net income | $31.96M | -$7.32M | $16.13M | $27.11M | $759.35M | +536.8% |
| Net income to common | $16.43M | -$22.84M | $601.00K | $11.59M | $743.82M | +171.9% |
| Basic EPS | 0.09 | -0.12 | 0.00 | 0.06 | 3.87 | +173.3% |
| Diluted EPS | 0.08 | -0.12 | 0.00 | 0.06 | 3.70 | +166.7% |
| EBIT | $127.16M | $67.55M | $93.64M | $93.39M | $900.58M | +88.3% |
| EBITDA | $303.33M | $191.63M | $211.99M | $215.13M | $1.02B | +58.3% |
| Basic shares | 186.72M | 189.66M | 191.63M | 192.05M | 191.98M | -1.5% |
| Diluted shares | 205.43M | 189.68M | 191.65M | 200.15M | 201.07M | +8.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $675.35M | $1.08B | $840.85M | $1.01B | $1.20B | -37.5% |
| Cash & short-term investments | $675.35M | $1.08B | $840.85M | $1.01B | $1.20B | -37.5% |
| Accounts receivable | $901.40M | $876.74M | $829.68M | $814.13M | $765.60M | +2.8% |
| Total current assets | $1.86B | $2.25B | $1.97B | $2.13B | $2.29B | -17.6% |
| Property, plant & equipment | $668.17M | $669.68M | $671.31M | $677.56M | $677.25M | -0.2% |
| Goodwill & intangibles | $106.82M | $108.70M | $110.59M | $112.46M | $114.38M | -1.7% |
| Total assets | $15.61B | $15.92B | $15.52B | $15.75B | $15.61B | -1.9% |
| Total current liabilities | $1.27B | $1.09B | $1.10B | $1.10B | $911.52M | +17.2% |
| Current debt | $918.00M | $718.00M | $720.42M | $720.42M | $575.00M | +27.9% |
| Long-term debt | $6.53B | $7.00B | $6.47B | $6.47B | $6.52B | -6.7% |
| Total debt | $8.14B | $8.41B | $7.89B | $7.89B | $7.81B | -3.2% |
| Total liabilities | $8.91B | $9.21B | $8.72B | $8.73B | $8.59B | -3.2% |
| Retained earnings | -$3.63B | -$3.59B | -$3.49B | -$3.30B | -$3.31B | -1.0% |
| Shareholder equity | $5.79B | $6.02B | $5.99B | $6.07B | $6.09B | -3.8% |
| Working capital | $584.70M | $1.17B | $876.64M | $1.03B | $1.38B | -50.0% |
| Net tangible assets | $5.68B | $5.91B | $5.88B | $5.95B | $5.98B | -3.9% |
| Shares issued | 186.72M | 188.10M | 190.67M | 192.05M | 192.04M | -0.7% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Net income | $39.20M | -$22.03M | $4.91M | $19.24M | $813.23M | — | +278.0% |
| Depreciation & amortisation | $176.17M | $124.08M | $118.36M | $121.75M | $120.09M | — | +42.0% |
| Stock-based compensation | $7.80M | $5.66M | $6.37M | $5.57M | $7.52M | — | +38.0% |
| Change in working capital | $28.81M | -$51.84M | $19.57M | -$94.14M | -$4.29M | — | +155.6% |
| Operating cash flow | $163.70M | $47.75M | $146.27M | $33.17M | $1.03B | — | +242.9% |
| Investing cash flow | -$268.72M | -$229.93M | -$93.02M | -$316.63M | $249.65M | — | -16.9% |
| Share buybacks | -$53.50M | -$79.90M | — | — | $0 | $0 | +33.0% |
| Dividends paid | -$15.53M | -$15.53M | -$156.80M | -$15.53M | -$15.53M | — | 0.0% |
| Financing cash flow | -$317.58M | $416.15M | -$227.81M | $72.26M | -$720.16M | — | -176.3% |
| Free cash flow | $163.70M | $47.75M | $146.27M | $33.17M | $1.03B | — | +242.9% |
| End cash position | $788.92M | $1.21B | $977.55M | $1.15B | $1.36B | — | -34.9% |
Options analytics
Put / call volume
0.03
Call-heavy session
Put / call open interest
0.10
Positioning, not flow
Max pain
30.00
-10.5% from spot
ATM implied vol
41.3%
Nearest strike to spot
Skew (10% OTM)
+1.5%
Puts bid over calls
Call volume
222
Contracts, this expiry
Put volume
6
Contracts, this expiry
Heaviest call OI
36.00
79 contracts
Heaviest put OI
33.00
11 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | -0.09 | 0.08 | +188.9% |
| Mar 2026 | -0.11 | -0.08 | +26.2% |
| Dec 2025 | 0.05 | -0.02 | -148.0% |
| Sep 2025 | -0.02 | 0.06 | +500.0% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | -0.22 | 1 | $476.52M | +5.0% |
| Next quarter | -0.21 | 1 | $483.67M | +6.6% |
| Current year | -0.25 | 1 | $1.88B | +3.9% |
| Next year | 0.31 | 1 | $2.01B | +6.9% |
Analyst targets & ownership
Mean target$39.92
High target$50.00
Low target$31.00
Implied upside19.10%
Analyst count13
ConsensusHOLD
Strong buy / Buy0 / 4
Hold6
Sell / Strong sell2 / 1
Held by insiders7.44%
Held by institutions101.80%
Institutions holding594
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
33.92
-1.17% from price
SMA 20
34.43
-2.64% from price
SMA 50
36.96
-9.30% from price
SMA 100
36.92
-9.21% from price
SMA 200
33.35
+0.52% from price
EMA 12
34.07
-1.61% from price
EMA 26
35.01
-4.26% from price
EMA 50
35.91
-6.66% from price
RSI (14)
35.9
Neutral
MACD (12,26,9)
-0.94
Hist 0.00
ATR (14)
0.87
2.60% of price
Realised vol 30D
24.7%
Annualised
Bollinger upper
35.73
20, 2σ
Bollinger lower
33.13
20, 2σ
50 / 200 cross
Golden
36.96 vs 33.35
Trend bias
Above 200
+0.52%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
1.02
More volatile than market
Correlation to SPY
0.41
Loosely linked
Realised vol 30D
24.7%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-40.1%
Peak to trough
Max drawdown 5Y
-73.6%
Peak to trough
ATR 14
0.87
2.60% of price
Beta (reported)
1.59
5Y monthly, from filing
Short interest
Shares short
11.34M
Prior 9.33M
Change vs prior
+21.6%
Shorts adding
% of float
7.53%
Normal
% of shares out
6.08%
Against total outstanding
Days to cover
10.1
Crowded exit
Float
156.62M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Sep 21, 26 | Evercore ISI Group | MAINTAINED | Outperform | Outperform |
| Sep 21, 26 | Truist Securities | MAINTAINED | Hold | Hold |
| Sep 17, 26 | Scotiabank | MAINTAINED | Sector Perform | Sector Perform |
| Sep 15, 26 | JP Morgan | MAINTAINED | Neutral | Neutral |
| Sep 2, 26 | Scotiabank | MAINTAINED | Sector Perform | Sector Perform |
| Aug 10, 26 | Citigroup | MAINTAINED | Neutral | Neutral |
| Aug 5, 26 | Piper Sandler | MAINTAINED | Neutral | Neutral |
| Aug 5, 26 | Evercore ISI Group | MAINTAINED | Outperform | Outperform |
| Jul 22, 26 | Morgan Stanley | DOWNGRADE | Equal-Weight | Underweight |
| Jul 21, 26 | Scotiabank | MAINTAINED | Sector Perform | Sector Perform |
| Jul 21, 26 | Piper Sandler | MAINTAINED | Neutral | Neutral |
| Jul 21, 26 | Barclays | MAINTAINED | Underweight | Underweight |
Dividends & splits
Forward rate$0.74 / yr
Forward yield2.23%
5-year avg yield2.33%
Payout ratio1850.00%
Ex-dividend dateDec 18, 2025
Next pay dateDec 29, 2025
Last split1237:1000
Split dateJul 18, 2017
SEC filings
Periodic Financial Reports
10-Q · 2026-08-03
Offering Registrations
S-8 · 2026-05-22
Corporate Changes & Voting Matters
8-K · 2026-05-04
Corporate Changes & Voting Matters
8-K · 2026-04-08
Proxy Statements
DEF 14A · 2026-04-07
Periodic Financial Reports
10-K · 2026-02-09
Corporate Changes & Voting Matters
8-K · 2026-01-14
Corporate Changes & Voting Matters
8-K · 2026-01-07
Headlines
Vornado Realty Trust (VNO) Could Be 14% Undervalued Following Its September Conference Appearance
Simply Wall St. · 8d ago
On Signs 85K SF HQ Lease as Vornado’s Penn District Heats Up
CRE Daily · 8d ago
REXR Advances Portfolio Realignment With $1.2B Asset Sale
Zacks · 18d ago
Truist Cuts Price Target on Vornado Realty Trust to $35 From $39, Keeps Hold Rating
MT Newswires · 19d ago
SL Green to Sell 110 Greene Street in SoHo for $226 million
Zacks · 26d ago
VNO vs. PSA: Which Stock Is the Better Value Option?
Zacks · 26d ago
Down 11.6% in 4 Weeks, Here's Why You Should You Buy the Dip in Vornado (VNO)
Zacks · 27d ago
Gusto Doubles Penn 1 Office Footprint to 76K SF
CRE Daily · 29d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.