QualityDipStocks / Real Estate · REITs
Vornado Realty Trust VNO
Outside our quality screen, so we don’t track its dips. It’s 16% below its 52-week high.
Outside our quality screen, 3% under its Market Value. No fair value estimate for now: its free cash flow is negative.
- Fair value est.
- n/a
- Market Value
- $35.78price −3%
- Off 52-wk high
- −16%
- Risk vs market
- Market-likebeta 0.98
4 bullish · 5 bearish See why
Key levels
Every level vs today’s $34.55
- 52-wk lowlowest close, 1 year$24.71−28.5%
- PriceFri Oct 30 close$34.55you are here
- Market Valueavg paid since Aug 3$35.78+3.6%
- 52-wk highhighest close, 1 year$40.91+18.4%
Fair value estimate
No estimate for VNO: negative free cash flow. We’d rather show nothing than a made-up number.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 30 to Oct 30, 252 sessions). Beta = how much VNO moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Moves about in line with the market, and its own price swings are 2.5× the S&P 500’s.
- Beta vs S&P 500
- 0.98
- Volatility
- 32% vs 13% SPY
- Correlation SPY
- 0.39
- Correlation QQQ
- 0.26
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 4 of 5
Cash returnsShare count down 3.4% in a year: $184M of buybacks over 12 months.
Balance sheetDebt / equity of 0.4×, below the 0.9× median for the 26 Real Estate companies we cover.
ValuationPrice / book of 1.1×, below the 2.6× median for the 47 Real Estate companies we cover.
ValuationTrades 3.4% below its Market Value of $35.78, the average price paid since the Aug 3 filing.
Top bearish points 5 of 5
ValuationFree cash flow is negative (−$55M over the last 12 months), so there’s no cash-flow value under the price.
GrowthSales grew only 0.2% a year from FY2022 to FY2025.
ProfitabilityReturn on equity is only 0% over the last 12 months.
QualityDoesn’t pass our quality screen: ROE under 12% and ROIC under 10%; net debt 9.7× EBITDA (limit 3×).
RiskReports earnings Nov 2 (consensus EPS $0.64): results can move the price sharply and reset Market Value.
Who’s talking about it
Notable investors, executives, analysts and public figures on Vornado Realty Trust in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 1, 9:09 PM ET.
Compare with peers
Closest in size in REITs
All fundamentals
FCF yield -0.8% · ROE 0% · Sales +1%
Valuation
- P/E
- n/an/m: earnings near zero (P/E above 300)
- Price / FCF
- n/anegative free cash flow
- FCF yield
- −0.8%
- EV / EBITDA
- n/aD&A or debt not tagged in SEC data
- Price / sales
- 3.61×
- Price / book
- 1.14×
- Market cap
- $6.6Blisted
- Enterprise value
- $8.5B
Growth
- Revenue, 12 months
- $1.8B
- Sales growth, 12 months
- +1.4%vs the 12 months before
- Sales growth, 3 yrs
- +0.2%/yrfrom FY2022
- Diluted EPS, 12 months
- $0.03
- EPS growth, last FY
- n/an/m: EPS a year ago near zero
- Net income, 12 months
- $6M
- Net income growth
- −99%12 months vs before
Profitability
- Gross margin
- n/agross profit isn't reported (common for service and financial companies)
- Operating margin
- n/anot reported in its SEC filings
- Net margin
- 0.3%
- FCF margin
- −3.0%
- Return on equity
- 0%
- Return on invested capital
- n/aoperating income, debt, equity or cash not tagged
Balance sheet
- Cash & short-term inv.
- $675M
- Total debt
- $2.6B
- Net cash
- −$1.9B
- Debt / equity
- 0.45×
- Interest coverage
- n/ainterest expense not tagged in SEC data
Cash flow & returns
- Free cash flow, 12 months
- −$55M
- FCF growth, 12 months
- n/anot reported in its SEC filings
- Dividend yield
- n/ano dividend payments tagged
- Payout ratio
- n/anot reported in its SEC filings
- Buybacks, 12 months
- $184M2.8% of market cap
- Share count, 1 year
- −3.4%diluted shares vs a year ago
- Stock-based comp
- $25M
Trailing 12 months to Jun 30, 2026; balance sheet at Jun 30, 2026. From Vornado Realty Trust’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
Valuation details
MV $35.78
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
Momentum & 52-week range
RSI 52 · 5 days −0.7%
The business
FCF $-0.1B · Sales +5%
- Free cash flow, 12 months−$0.1B
- Free-cash-flow yield−0.8%
- Gross margin50%
- Operating margin10%
- Return on invested capital1%
- Return on equity1%
- Sales growth (latest quarter vs year-ago quarter)+5%
- Net debt / EBITDA9.7×
Next report
Nov 2
- DateMon Nov 2, after the close
- Consensus EPS$0.64
- Year-ago EPS$0.57
- QuarterSep/2026
From Nasdaq’s earnings calendar. A report resets Market Value.
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.
VNO is outside our quality screen
One text when a published rule fires on one of the 333 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.