Vornado Realty Trust profit margin VNO
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 3.7%
- Net margin on a year earlier
- −44.8 pts
- Peer median
- 20.4%
Over the twelve months to Jun 30, 2026, Vornado Realty Trust kept 3.7% of its revenue as net profit.
Five years earlier its net margin was −2.9%.
The median for 10 specialty REITs of a similar size is 20.4%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin |
|---|---|
| FY2025 | 50.0% |
| FY2024 | 3.9% |
| FY2023 | 5.8% |
| FY2022 | −19.3% |
| FY2021 | 11.1% |
| FY2020 | −19.4% |
| FY2019 | n/a |
| FY2018 | 20.8% |
| FY2017 | 10.9% |
| FY2016 | 45.3% |
| FY2015 | 30.4% |
| FY2014 | 37.4% |
| FY2013 | 17.8% |
| FY2012 | 22.6% |
| FY2011 | 24.2% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year |
|---|---|---|---|
| Q2 FY26 | 3.7% | −44.8 pts | |
| Q1 FY26 | 44.0% | +34.8 pts | |
| Q4 FY25 | 50.0% | +46.0 pts | |
| Q3 FY25 | 49.9% | +49.4 pts | |
| Q2 FY25 | 48.5% | +44.0 pts | |
| Q1 FY25 | 9.2% | +4.1 pts | |
| Q4 FY24 | 3.9% | −1.9 pts | |
| Q3 FY24 | 0.5% | +18.5 pts | |
| Q2 FY24 | 4.5% | +24.9 pts | |
| Q1 FY24 | 5.1% | +25.5 pts | |
| Q4 FY23 | 5.8% | +25.1 pts | |
| Q3 FY23 | −18.0% | −26.9 pts |
Against its peers
Companies in REIT - Specialty nearest Vornado Realty Trust's size, closest first, today.
| Company | Profit margin |
|---|---|
| VNOVornado Realty Trust | 3.7% |
| STAGSTAG Industrial | 28.1% |
| FRFirst Industrial Realty Trust | 48.0% |
| EPRTEssential Properties Realty Trust | 43.5% |
| RYNRayonier | 7.8% |
| OUTOUTFRONT Media | 12.7% |
| NNNNNN REIT | 40.4% |
| RITMRithm Capital | 9.0% |
| RHPRyman Hospitality Properties | 9.9% |
| ADCAgree Realty | 28.8% |
| SBRASabra Health Care REIT | 7.6% |
| Peer median | 20.4% |
Where Vornado Realty Trust ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Vornado Realty Trust
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.