VNO Vornado Realty Trust Common Stock
$38.63
价格 · 八月 19, 2026
截至...的财报数据 八月 3, 2026
52周区间
$25–$43
75% of range
分析师评级
HOLD
21 analysts
目标价
$40
+4% upside
P/E (TTM)
9.1
ROE
16.2%
净利润率
50.0%
关于 Vornado Realty Trust Common Stock 公司概况（来自维基百科）
Vornado Realty Trust is an American real estate investment trust formed in Maryland in 1982, with its primary office in New York City. The company invests in office buildings and street retail in Manhattan.
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Vornado Realty Trust is an American real estate investment trust formed in Maryland in 1982, with its primary office in New York City. The company invests in office buildings and street retail in Manhattan.
History
The origins of the company can be traced back to the Two Guys discount store chain, founded in 1947 by brothers Sidney and Herbert Hubschman. In 1959, Two Guys acquired O. A. Sutton Corporation, manufacturers of the Vornado line of electric fans, and the company was renamed Vornado Inc.
By 1964, the company operated over 200 stores. In the 1970s, Vornado began divesting its retail operations. In 1978, the company sold 80 Two Guys locations in California.
In 1980, Interstate Properties, a real estate development company controlled by Steven Roth, acquired an 18% stake in Vornado due to its real estate holdings. In 1981, Interstate Properties took control of the firm after winning a proxy fight against existing management and reduced the number of stores in operation to 12.
In 1986, Interstate Properties and Donald Trump each bought approximately 20% of Alexander's, a failing retailer whose real estate holdings included a store that occupied the entire block between East 58th and 59th streets and Lexington and Third Avenues in Manhattan. In 1988, they each raised their stakes to 27% of the company, but Trump pledged his interest as collateral for a personal loan from Citicorp and in 1991, Trump was forced to turn over his holdings to Citibank. In 1992, Roth and Alexander's creditors forced Alexander's into bankruptcy and all 11 of its stores were shut. Alexander's emerged from bankruptcy in 1993 as a real estate investment trust. That same year, Vornado Inc. was converted into a REIT, Vornado Realty Trust. In 1995, Vornado bought Citicorp's interest in Alexander's.
In 1989, the Vornado name was licensed to Vornado Air, a new company formed to manufacture heating and cooling equipment.
In April 1997, the company acquired a portfolio of office buildings in Manhattan from Bernard H. Mendik in a $654 million stock transaction. Mendik became co-chairman of Vornado until his resignation in October 1998.
In February 2001, Vornado Realty Trust won the bid for a 99-year lease for the World Trade Center, offering $3.25 billion. Silverstein Properties was outbid by $30 million by Vornado. However, Vornado balked over lease terms and possible tax liabilities. Silverstein signed a lease for the World Trade Center in April 2001, five months before the September 11 attacks.
In October 2001, the company acquired Charles E. Smith Commercial Realty, owner of assets primarily in Arlington, Virginia, in a $1.58 billion transaction. Robert H. Smith and Robert P. Kogod were added to the board of directors of Vornado.
In 2005, the company bought a 32.5% interest in Toys "R" Us. Toys "R" Us filed bankruptcy in 2018 and the investment was written off.
In 2013, Steven Roth replaced Michael D. Fascitelli as CEO of Vornado. Fascitelli had been CEO since 2009.
In 2015, the company completed the corporate spin-off of its interest in Urban Edge Properties, owner of retail holdings outside Manhattan.
In 2017, the company merged its Charles E. Smith Companies subsidiary into the JBG Companies, forming JBG Smith.
Investments
Notable properties owned by the company include:
New York Marriott Marquis (Retail & signage)
1540 Broadway (Retail & signage)
Manufacturers Trust Company Building (510 Fifth Avenue) (Retail)
660 Fifth Avenue (Retail)
770 Broadway
888 Seventh Avenue
Crowne Plaza Times Square Manhattan (Retail & office)
Fuller Building
Penn 1
The future site of 15 Penn Plaza
Rego Center
350 Park Avenue
The company also owns:
70% of 555 California Street in San Francisco, California (30% is owned by affiliates of Donald Trump)
70% of 1290 Avenue of the Americas in New York City (30% is owned by Donald Trump)
Merchandise Mart in Chicago, Illinois
32.4% of Alexander's, which owns 731 Lexington Avenue
来源：维基百科 (英语), CC BY-SA 4.0 · 在维基百科上查看 ↗
VNO 股票快照 价格、市值、P/E、EPS、ROE、负债/权益、52周范围
价格
$38.63
市值
$7.27B
P/E (TTM)
9.1
每股收益 (TTM)
$4.20
营收 (TTM)
$1.81B
股息收益率
1.9%
ROE
16.2%
负债/权益
—
52周区间
$25 – $43
VNO 股价图表 包含技术指标的日 OHLCV — 平移、缩放和自定义您的视图
Configure
10年表现 收入、净利润、利润率和每股收益趋势
营收与净利润
$1.81B
2016-12-31
→
2025-12-31
EPS
$4.20
2016-12-31
→
2025-12-31
自由现金流
—
利润率
50.0%
估值 P/E、P/S、P/B、EV/EBITDA 比率 — 该股票是昂贵还是便宜？
指标
5年趋势
VNO
同行中位数
P/E (TTM)
9.1
38.1
P/S (TTM) (市销率 (TTM))
4.0
3.6
P/B (市净率)
1.2
1.0
盈利能力 毛利率、营业利润率和净利率；股本回报率 (ROE)、资产回报率 (ROA)、投入资本回报率 (ROIC)
指标
5年趋势
VNO
同行中位数
Net Profit Margin (净利润率)
50.0%
4.2%
ROA
5.7%
0.63%
ROE
16.2%
2.2%
财务健康 债务、流动性、偿付能力 — 资产负债表强度
指标
5年趋势
VNO
同行中位数
成长 营收、每股收益 (EPS) 和净利润增长：同比、3年复合年增长率 (CAGR)、5年复合年增长率 (CAGR)
指标
5年趋势
VNO
同行中位数
Revenue YoY (营收同比增长)
1.3%
—
Revenue CAGR 3Y (营收3年复合年增长率)
0.19%
—
Revenue CAGR 5Y (营收5年复合年增长率)
3.5%
—
EPS YoY
10400.0%
—
Net Income YoY (净利润同比增长)
1185.7%
—
资本效率 资产周转率、库存周转率、应收账款周转率
指标
5年趋势
VNO
同行中位数
Payout Ratio (派息率)
15.6%
—
股息 收益率、派息率、股息历史、5年CAGR
股息收益率
1.9%
派息率
15.6%
5年股息复合年增长率 (CAGR)
—
| 除息日 | 金额 |
|---|---|
| 2025年12月18日 | $0.7400 |
| 2024年12月16日 | $0.7400 |
| 2023年12月14日 | $0.3000 |
| 2023年1月27日 | $0.3750 |
| 2022年11月4日 | $0.5300 |
| 2022年8月5日 | $0.5300 |
| 2022年5月6日 | $0.5300 |
| 2022年1月28日 | $0.5300 |
| 2021年11月5日 | $0.5300 |
| 2021年8月6日 | $0.5300 |
| 2021年5月7日 | $0.5300 |
| 2021年1月29日 | $0.5300 |
| 2020年11月6日 | $0.5300 |
| 2020年8月7日 | $0.5300 |
| 2020年5月8日 | $0.6600 |
| 2020年1月24日 | $0.6600 |
| 2019年12月27日 | $1.9500 |
| 2019年11月1日 | $0.6600 |
| 2019年8月2日 | $0.6600 |
| 2019年5月3日 | $0.6600 |
VNO 分析师共识 看涨和看跌分析师观点、12个月价格目标、上涨空间
持有
21 位分析师
- 强烈买入 1 4.8%
- 买入 3 14.3%
- 持有 8 38.1%
- 卖出 8 38.1%
- 强烈卖出 1 4.8%
12个月价格目标
13 位分析师 · 2026-08-13
中位数
$40.00
现在
$38.63
最低
$31.00
最高
$50.00
中位数目标
$40.00
+3.5%
平均目标
$40.15
+3.9%
收益历史 每股收益实际值 vs 预估值，惊喜%，达标率，下次财报日期
平均惊喜
0.65%
| 期间 | EPS Actual | EPS 预期 | 惊喜 |
|---|---|---|---|
| 2026年6月30日 | $-0.08 | $-0.08 | -0.00% |
| 2026年3月31日 | $-0.12 | $-0.09 | -0.03% |
| 2025年12月31日 | $0.00 | $0.01 | -0.01% |
| 2025年9月30日 | $0.06 | $-0.04 | 0.10% |
| 2025年6月30日 | $3.70 | $0.09 | 3.6% |
| 2025年3月31日 | $0.43 | $0.19 | 0.24% |
同行比较（GICS 子行业） 关键指标与行业同行对比
| 股票代码 | 市值 | P/E | 营收同比增长 | 净利润率 | ROE | 毛利率 |
|---|---|---|---|---|---|---|
| VNO | $6.35B | 7.9 | 1.3% | 50.0% | 16.2% | — |
| BXP | $10.70B | 38.8 | 2.2% | 8.0% | 5.2% | 59.1% |
| CDP | $3.15B | 20.7 | 1.4% | 20.9% | 10.6% | — |
| CUZ | $4.33B | 107.4 | 16.0% | 4.1% | 0.85% | — |
| SLG | $3.26B | -28.5 | 13.2% | -9.7% | -2.5% | — |
| KRC | $4.42B | 16.1 | -2.0% | 27.2% | 5.6% | — |
| HIW | $2.84B | 17.8 | -2.4% | 20.2% | 6.9% | — |
| DEI | $1.84B | 122.1 | 1.8% | 1.6% | 0.82% | 63.3% |
| PDM | $1.04B | -12.4 | -0.93% | -14.8% | -5.4% | — |
| DEA | $981M | 78.5 | 11.3% | 3.9% | 0.98% | — |
| ESRT | — | 26.1 | 0.05% | 9.5% | 7.0% | — |
完整基本面 所有年度指标 — 损益表、资产负债表、现金流量表
损益表 14
| 指标 | 趋势 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.81B | $1.79B | $1.81B | $1.80B | $1.59B | $1.53B | $1.92B | $2.16B | $2.08B | $2.00B | |
| SG&A Expense | $156M | $149M | $163M | $134M | $135M | $182M | $170M | $142M | $151M | $144M | |
| Operating Expenses | $1.55B | $1.54B | $1.57B | $1.53B | $1.37B | $1.55B | $1.63B | $1.58B | $1.48B | $1.42B | |
| Operating Income | · | · | · | · | · | · | · | $583M | $609M | $580M | |
| Interest Income | $10M | $3M | $1M | $5M | $3M | $3M | $6M | $10M | $4M | $4M | |
| Other Non-op | · | $0 | $0 | $235.0K | $2M | $4M | $4M | $4M | $5M | $4M | |
| Pretax Income | $951M | $43M | $62M | $-361M | $197M | $-425M | $3.44B | $460M | $320M | $585M | |
| Income Tax | $14M | $23M | $29M | $22M | $-10M | $37M | $103M | $38M | $42M | $8M | |
| Net Income | $905M | $70M | $105M | $-346M | $176M | $-297M | $3.15B | $450M | $227M | $907M | |
| EPS (Basic) | $4.40 | $0.04 | $0.23 | $-2.13 | $0.53 | $-1.83 | $16.23 | $2.02 | $0.85 | $4.36 | |
| EPS (Diluted) | $4.20 | $0.04 | $0.23 | $-2.13 | $0.53 | $-1.83 | $16.21 | $2.01 | $0.85 | $4.34 | |
| Shares (Basic) | 191,759,000 | 190,539,000 | 191,005,000 | 191,775,000 | 191,551,000 | 191,146,000 | 190,801,000 | 190,219,000 | 189,526,000 | 188,837,000 | |
| Shares (Diluted) | 201,049,000 | 196,626,000 | 191,856,000 | 191,775,000 | 192,122,000 | 191,146,000 | 191,053,000 | 191,290,000 | 191,258,000 | 190,173,000 | |
| EBITDA | $481M | $469M | $458M | $526M | $433M | $418M | $439M | $1.06B | $1.14B | · |
资产负债表 13
| 指标 | 趋势 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $841M | $734M | $997M | $890M | $1.76B | $1.62B | $1.52B | $571M | $1.82B | $1.50B | |
| Short-term Investments | · | · | $0 | $472M | $0 | · | · | · | · | · | |
| Intangibles | $111M | $118M | $127M | $140M | $155M | $24M | $31M | $137M | $159M | $190M | |
| Total Assets | $15.52B | $16.00B | $16.19B | $16.49B | $17.27B | $16.22B | $18.29B | $17.18B | $17.40B | $20.81B | |
| Total Liabilities | $8.72B | $9.83B | $9.84B | $9.98B | $10.06B | $8.67B | $10.09B | $11.29B | $11.41B | $11.92B | |
| Long-term Debt | $2.26B | $2.57B | $2.56B | $2.56B | $2.56B | $1.82B | $1.77B | $1.67B | $1.59B | $1.33B | |
| Common Stock | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $8M | |
| Paid-in Capital | $8.29B | $8.05B | $8.26B | $8.37B | $8.14B | $8.19B | $7.83B | $7.73B | $7.49B | $7.15B | |
| Retained Earnings | $-3.49B | $-4.14B | $-4.01B | $-3.89B | $-3.08B | $-2.77B | $-1.95B | $-4.17B | $-4.18B | $-1.42B | |
| AOCI | $-5.0K | $58M | $65M | $175M | $-18M | $-75M | $-40M | $8M | $129M | $119M | |
| Stockholders' Equity | $5.99B | $5.16B | $5.51B | $5.84B | $6.24B | $6.53B | $6.73B | $4.47B | $4.34B | $6.90B | |
| Liabilities + Equity | $15.52B | $16.00B | $16.19B | $16.49B | $17.27B | $16.22B | $18.29B | $17.18B | $17.40B | $20.81B | |
| Shares Outstanding | 190,666,367 | 190,847,000 | 190,391,000 | 191,867,000 | 191,724,000 | 191,355,000 | 190,986,000 | 190,535,499 | 189,983,858 | 189,100,876 |
现金流 12
| 指标 | 趋势 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $481M | $469M | $458M | $526M | $433M | $418M | $439M | $473M | $530M | $595M | |
| Stock-based Comp | $25M | $30M | $43M | $29M | $38M | $49M | $54M | $32M | $33M | · | |
| Other Non-cash | $-154M | $-32M | $42M | $590M | $115M | $255M | $-2.98B | $-120M | $103M | · | |
| Operating Cash Flow | $1.26B | $538M | $648M | $799M | $762M | $424M | $663M | $803M | $860M | $995M | |
| Investing Cash Flow | $116M | $-597M | $-129M | $-907M | $-532M | $-88M | $2.46B | $-878M | $-206M | $-893M | |
| Debt Issued | $836M | $75M | $0 | $1.03B | $3.25B | $1.06B | $1.11B | $527M | $1.06B | $2.40B | |
| Net Debt Issued | $-1.07B | $-22M | $-148M | $-222M | $1.66B | $-11M | $-1.61B | $-158M | $424M | · | |
| Stock Repurchased | $51M | $0 | $29M | $0 | $0 | · | · | · | · | · | |
| Net Stock Activity | $-51M | $0 | $-29M | · | · | · | · | · | · | · | |
| Dividends Paid | $141M | $141M | $129M | $407M | $406M | $827M | $504M | $479M | $496M | $476M | |
| Financing Cash Flow | $-1.35B | $-252M | $-279M | $-801M | $-29M | $-213M | $-2.24B | $-1.12B | $-338M | $-446M | |
| Net Change in Cash | $28M | $-312M | $240M | $-909M | $200M | $123M | $890M | $-1.20B | $315M | $-344M |
盈利能力 7
| 指标 | 趋势 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | · | · | · | · | · | · | · | 26.9% | · | · | |
| Net Margin | 50.0% | 3.9% | 5.8% | -19.2% | 11.1% | -19.4% | 163.5% | 20.8% | · | · | |
| Pretax Margin | 52.5% | 2.4% | 3.4% | -20.1% | 12.4% | -27.8% | 178.6% | 21.2% | · | · | |
| EBITDA Margin | 26.6% | 26.3% | 25.3% | 29.2% | 27.2% | 27.4% | 22.8% | 48.8% | · | · | |
| ROA | 5.7% | 0.44% | 0.65% | -2.1% | 1.1% | -1.7% | 17.8% | 2.6% | 1.2% | · | |
| ROE | 16.2% | 1.3% | 1.9% | -5.7% | 2.8% | -4.5% | 56.2% | 10.2% | 4.0% | · | |
| ROIC | · | · | · | · | · | · | · | 12.0% | 12.2% | · |
效率 1
| 指标 | 趋势 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | · | · |
增长率 8
| 指标 | 趋势 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 1.3% | -1.3% | 0.62% | 13.3% | 4.0% | · | · | · | · | · | |
| Revenue CAGR 3Y | 0.19% | 4.0% | 5.8% | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 3.5% | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 10400.0% | -82.6% | · | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | · | -57.7% | · | · | · | · | · | · | · | · | |
| Net Income YoY | 1185.7% | -33.3% | · | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | · | -26.3% | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | -29.8% | · | · | · | · | · | · | · | · | · |
估值 (TTM) 12
| 指标 | 趋势 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.81B | $1.79B | $1.81B | $1.80B | $1.59B | $1.53B | $1.92B | $2.16B | $2.08B | $2.00B | |
| Net Income TTM | $905M | $70M | $105M | $-346M | $176M | $-297M | $3.15B | $450M | $227M | $907M | |
| Market Cap | $6.35B | $8.02B | $5.38B | $3.99B | $8.03B | $7.15B | $12.70B | $11.82B | $14.85B | · | |
| P/E | 7.9 | 1051.0 | 122.8 | -9.8 | 79.0 | -20.4 | 4.1 | 30.9 | 92.0 | 19.4 | |
| P/S | 3.5 | 4.5 | 3.0 | 2.2 | 5.0 | 4.7 | 6.6 | 5.5 | 7.1 | · | |
| P/B | 1.1 | 1.6 | 1.0 | 0.7 | 1.3 | 1.1 | 1.9 | 2.6 | 3.4 | · | |
| P / Tangible Book | 1.1 | 1.6 | 1.0 | 0.7 | 1.3 | 1.1 | · | · | · | · | |
| P / Cash Flow | 5.0 | 14.9 | 8.3 | 5.0 | 10.5 | 16.8 | 19.2 | 14.7 | 17.3 | · | |
| Dividend Yield | 2.2% | 1.8% | 2.4% | 10.2% | 5.1% | 11.6% | 4.0% | 4.1% | 3.3% | · | |
| Earnings Yield | 12.6% | 0.10% | 0.81% | -10.2% | 1.3% | -4.9% | 24.4% | 3.2% | 1.1% | 5.1% | |
| Payout Ratio | 15.6% | 200.5% | 122.3% | -117.3% | 230.8% | -278.6% | 16.0% | 106.5% | 218.3% | · | |
| Annual Payout | $141M | $141M | $129M | $407M | $406M | $827M | $504M | $479M | $496M | $476M |
损益表 13
| 指标 | 趋势 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $462M | $459M | $454M | $454M | $441M | $462M | $458M | $443M | $450M | $436M | $442M | $451M | $472M | $446M | $447M | $457M | |
| SG&A Expense | $39M | $42M | $40M | $37M | $40M | $39M | $37M | $36M | $38M | $38M | $46M | $36M | $39M | $42M | $31M | $29M | |
| Operating Expenses | $437M | $409M | $388M | $407M | $379M | $378M | $389M | $393M | $382M | $378M | $430M | $382M | $372M | $381M | $406M | $386M | |
| Interest Income | $155.0K | $269.0K | $3M | $4M | $1M | $1M | $1M | $2M | $0 | $0 | $298.0K | $291.0K | $278.0K | $484.0K | $2M | $1M | |
| Other Non-op | · | · | · | · | · | · | · | · | · | · | · | $0 | $0 | · | $231.0K | $0 | |
| Pretax Income | $43M | $-16M | $13M | $14M | $817M | $107M | $12M | $-15M | $45M | $467.0K | $-92M | $71M | $67M | $16M | $-518M | $24M | |
| Income Tax | $4M | $6M | $8M | $-6M | $4M | $7M | $6M | $5M | $5M | $7M | $8M | $12M | $4M | $5M | $7M | $4M | |
| Net Income | $32M | $-7M | $16M | $27M | $759M | $102M | $17M | $-4M | $51M | $6M | $-45M | $68M | $62M | $21M | $-478M | $23M | |
| EPS (Basic) | $0.09 | $-0.12 | $0.02 | $0.06 | $3.87 | $0.45 | $0.00 | $-0.10 | $0.19 | $-0.05 | $-0.32 | $0.28 | $0.24 | $0.03 | $-2.57 | $0.04 | |
| EPS (Diluted) | $0.08 | $-0.12 | $0.01 | $0.06 | $3.70 | $0.43 | $0.01 | $-0.10 | $0.18 | $-0.05 | $-0.32 | $0.28 | $0.24 | $0.03 | $-2.57 | $0.04 | |
| Shares (Basic) | 187,279,000 | 189,658,000 | -383,646,000 | 192,050,000 | 191,984,000 | 191,371,000 | -380,938,000 | 190,556,000 | 190,492,000 | 190,429,000 | -382,696,000 | 190,364,000 | 191,468,000 | 191,869,000 | -383,492,000 | 191,793,000 | |
| Shares (Diluted) | 194,201,000 | 189,682,000 | -400,902,000 | 200,150,000 | 201,066,000 | 200,735,000 | -378,764,000 | 190,556,000 | 194,405,000 | 190,429,000 | -387,750,000 | 192,921,000 | 194,804,000 | 191,881,000 | -384,320,000 | 192,018,000 | |
| EBITDA | · | $124M | · | · | · | $121M | · | · | · | $114M | · | · | · | $113M | · | · |
资产负债表 13
| 指标 | 趋势 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $675M | $1.08B | $841M | $1.01B | $1.20B | $569M | $734M | $784M | $873M | $893M | $997M | $1.00B | $1.13B | $891M | $890M | $845M | |
| Short-term Investments | · | · | · | · | · | · | · | · | · | · | · | $0 | $0 | $277M | · | $445M | |
| Intangibles | $107M | $109M | $111M | $112M | $114M | $116M | $118M | $120M | $122M | $125M | · | $130M | $135M | $137M | · | $142M | |
| Total Assets | $15.61B | $15.92B | $15.52B | $15.75B | $15.61B | $15.60B | $16.00B | $16.08B | $16.21B | $16.21B | · | $16.45B | $16.44B | $16.27B | · | $17.18B | |
| Total Liabilities | $8.91B | $9.21B | $8.72B | $8.73B | $8.59B | $9.37B | $9.83B | $9.82B | $9.80B | $9.83B | · | $9.91B | $9.96B | $9.91B | · | $10.00B | |
| Long-term Debt | $2.60B | $2.80B | $2.26B | $2.26B | $2.12B | $2.12B | $2.57B | $2.57B | $2.57B | $2.56B | · | $2.56B | $2.56B | $2.56B | · | $2.56B | |
| Common Stock | $7M | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $8M | · | $8M | $8M | $8M | · | $8M | |
| Paid-in Capital | $8.20B | $8.41B | $8.29B | $8.17B | $8.20B | $8.15B | $8.05B | $8.09B | $8.31B | $8.26B | · | $8.34B | $8.33B | $8.37B | · | $8.36B | |
| Retained Earnings | $-3.63B | $-3.59B | $-3.49B | $-3.30B | $-3.31B | $-4.06B | $-4.14B | $-4.00B | $-3.98B | $-4.02B | · | $-3.89B | $-3.94B | $-3.96B | · | $-3.30B | |
| AOCI | $26M | $15M | $-5.0K | $4M | $10M | $27M | $58M | $-478.0K | $105M | $106M | · | $170M | $152M | $96M | · | $185M | |
| Stockholders' Equity | $5.79B | $6.02B | $5.99B | $6.07B | $6.09B | $5.31B | $5.16B | $5.28B | $5.63B | $5.54B | · | $5.81B | $5.73B | $5.69B | · | $6.44B | |
| Liabilities + Equity | $15.61B | $15.92B | $15.52B | $15.75B | $15.61B | $15.60B | $16.00B | $16.08B | $16.21B | $16.21B | · | $16.45B | $16.44B | $16.27B | · | $17.18B | |
| Shares Outstanding | 186,720,531 | 188,097,756 | 190,666,367 | 192,054,832 | 192,040,522 | 191,949,153 | 190,846,580 | 190,649,061 | 190,505,371 | 190,483,416 | 190,391,000 | 190,321,756 | 190,543,866 | 191,880,615 | 191,867,000 | 191,816,684 |
现金流 13
| 指标 | 趋势 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $176M | $124M | $118M | $122M | $120M | $121M | $118M | $121M | $116M | $114M | $116M | $116M | $113M | $113M | $140M | $140M | |
| Stock-based Comp | $8M | $6M | $6M | $6M | $8M | $6M | $7M | $7M | $9M | $8M | $10M | $10M | $12M | $12M | $6M | $4M | |
| Amort. of Intangibles | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $2M | |
| Other Non-cash | · | $-75M | · | · | · | $-178M | · | · | · | $-97M | · | · | · | $-53M | · | · | |
| Operating Cash Flow | $164M | $48M | $146M | $33M | $1.03B | $52M | $206M | $105M | $195M | $31M | $211M | $62M | $283M | $92M | $239M | $129M | |
| Investing Cash Flow | $-269M | $-230M | $-93M | $-317M | $250M | $276M | $-110M | $-180M | $-178M | $-129M | $-195M | $-87M | $27M | $126M | $-57M | $-134M | |
| Debt Issued | $200M | $1.51B | $374.0K | $715M | $0 | $120M | $0 | $0 | $75M | $0 | $0 | $0 | · | · | $0 | $0 | |
| Net Debt Issued | · | $547M | · | · | · | $-454M | · | · | · | $0 | · | · | · | $-110M | · | · | |
| Stock Repurchased | $53M | $80M | · | · | $0 | $0 | $0 | $0 | · | · | $0 | $6M | · | · | $0 | $0 | |
| Net Stock Activity | · | $-80M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid | · | · | · | · | · | · | $141M | $0 | $0 | $0 | $57M | $0 | $0 | $72M | $102M | $102M | |
| Financing Cash Flow | $-318M | $416M | $-228M | $72M | $-720M | $-470M | $-175M | $-13M | $-48M | $-16M | $-18M | $-25M | $-31M | $-205M | $-138M | $-135M | |
| Net Change in Cash | $-423M | $234M | $-175M | $-211M | $556M | $-143M | $-79M | $-88M | $-32M | $-113M | $-896.0K | $-50M | $278M | $13M | $44M | $-139M |
盈利能力 5
| 指标 | 趋势 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 6.9% | -1.6% | · | 6.0% | 172.0% | 22.2% | · | -0.82% | 11.3% | 1.5% | · | 15.2% | 13.1% | 4.6% | · | 5.1% | |
| Pretax Margin | 9.2% | -3.5% | · | 3.0% | 185.2% | 23.2% | · | -3.3% | 10.1% | 0.11% | · | 15.8% | 14.2% | 3.6% | · | 5.2% | |
| EBITDA Margin | · | 27.0% | · | · | · | 26.3% | · | · | · | 26.1% | · | · | · | 25.2% | · | · | |
| ROA | 0.20% | -0.05% | · | 0.17% | 4.8% | 0.64% | · | -0.02% | 0.31% | 0.04% | · | 0.41% | 0.37% | 0.12% | · | 0.13% | |
| ROE | 0.54% | -0.13% | · | 0.48% | 13.0% | 1.9% | · | -0.07% | 0.89% | 0.12% | · | 1.1% | 1.0% | 0.35% | · | 0.37% |
效率 1
| 指标 | 趋势 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 |
估值 (TTM) 10
| 指标 | 趋势 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.82B | $1.82B | · | $1.80B | $1.80B | $1.79B | · | $1.78B | $1.81B | $1.81B | · | $1.83B | $1.83B | $1.80B | · | $1.76B | |
| Net Income TTM | $811M | $882M | · | $885M | $909M | $156M | · | $122M | $188M | $157M | · | $174M | $172M | $152M | · | $195M | |
| Market Cap | $7.34B | $4.89B | · | $7.78B | $7.34B | $7.10B | · | $7.51B | $5.01B | $5.48B | · | $4.32B | $3.46B | $2.95B | · | $4.44B | |
| P/E | 10.6 | 6.4 | · | 9.9 | 9.1 | 80.4 | · | 127.1 | 40.4 | 57.5 | · | 38.4 | 31.8 | 32.7 | · | 36.2 | |
| P/S | 4.0 | 2.7 | · | 4.3 | 4.1 | 4.0 | · | 4.2 | 2.8 | 3.0 | · | 2.4 | 1.9 | 1.6 | · | 2.5 | |
| P/B | 1.3 | 0.8 | · | 1.3 | 1.2 | 1.3 | · | 1.4 | 0.9 | 1.0 | · | 0.7 | 0.6 | 0.5 | · | 0.7 | |
| P / Tangible Book | 1.3 | 0.8 | · | 1.3 | 1.2 | 1.4 | · | 1.5 | 0.9 | 1.0 | · | 0.8 | 0.6 | 0.5 | · | 0.7 | |
| P / Cash Flow | · | 102.4 | · | · | · | 136.5 | · | · | · | 174.1 | · | · | · | 32.1 | · | · | |
| Earnings Yield | 9.5% | 15.7% | · | 10.1% | 11.0% | 1.2% | · | 0.79% | 2.5% | 1.7% | · | 2.6% | 3.1% | 3.1% | · | 2.8% | |
| Payout Ratio | · | · | · | · | · | · | · | · | · | 0.00% | · | · | · | 347.6% | · | · |
财务报表 损益表、资产负债表、现金流量表 — 年度，近5年
损益表
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| 收入 | $1.81B | $1.79B | $1.81B | $1.80B | $1.59B |
| 净收入 | $905M | $70M | $105M | $-346M | $176M |
| 稀释后每股收益 (EPS) | $4.20 | $0.04 | $0.23 | $-2.13 | $0.53 |
最新新闻 提及该公司的近期头条新闻
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机构持有人 (13F) 465 家申报者 · $4.2B 总计 · 截至 2026年6月30日
在其季度SEC表格13F中报告持有此股票的机构。仅限多头头寸；单个申报人可能因单独的期权腿而出现两次。 大的抵消性看跌/看涨腿通常反映做市或对冲库存，而非方向性判断。
机构活动 — Q2 2026 与上一季度对比
| 新仓位 | 已退出持仓 | 增加 | 减少 | 净股数变动 |
|---|---|---|---|---|
| 82 (+10 与上一季度对比) | 36 (-14 与上一季度对比) | 137 (-20 与上一季度对比) | 133 (+26 与上一季度对比) | +42.1M |
与Q1 2026对比。 SEC 13F表格的提交截止日期是季度末后45天，外加少量延迟提交的缓冲期——在此窗口期内的季度将被跳过，优先显示最近一个已完整报告的季度对。
公司内部人士 35 位内幕人士 · 18 位高管 · 13 位董事
| 内部人士 | 角色 | 上次活动 | 持股数量 | 买入 12个月 | 卖出 12个月 | 净额 12个月 |
|---|---|---|---|---|---|---|
| Steven Roth | CHAIRMAN AND CEO | 2026年5月18日 G | 0 | 0 | 0 | $0 |
| Michael J. Franco | President and CFO | 2022年1月12日 A | 12231 | 0 | 0 | $0 |
| Stephen W. Theriot | Chief Financial Officer | 2017年1月13日 A | 3100 | 0 | 0 | $0 |
| Mitchell N Schear | President - VNO/Smith Division | 2017年4月3日 M | 63877 | 0 | 0 | $0 |
| Mark Falanga | President-Merch. Mart Division | 2013年3月1日 M | 6376 | 0 | 0 | $0 |
| Christopher Kennedy | President - Merchandise Mart | 2011年3月1日 M | 135127 | 0 | 0 | $0 |
| Melvyn H Blum | Former President - Development | 2005年10月21日 M | 60000 | 0 | 0 | $0 |
| Haim Chera | EVP- Head of Retail | 2022年1月12日 A | — | 0 | 0 | $0 |
| Glen J. Weiss | EVP- Off Leasing Co- Head R.E. | 2022年1月12日 A | 0 | 0 | 0 | $0 |
| Barry Langer | EVP - Dev. Co-Head of R.E. | 2022年1月12日 A | 11966 | 0 | 0 | $0 |
| Matthew Iocco | EVP - Chief Accounting Officer | 2021年1月12日 A | 0 | 0 | 0 | $0 |
| David R Greenbaum | Vice Chairman | 2020年4月18日 D | 43577 | 0 | 0 | $0 |
| Wendy Silverstein | EVP - Capital Markets & Acq. | 2015年3月2日 J | 86854 | 0 | 0 | $0 |
| Robert Minutoli | EVP - Retail | 2014年9月17日 P | 7035 | 0 | 0 | $0 |
| Michael J. Demarco | EVP | 2011年2月28日 A | 11995 | 0 | 0 | $0 |
| Sandeep Mathrani | EVP - Retail Division | 2011年1月12日 M | 24208 | 0 | 0 | $0 |
| Michelle Felman | EVP - Acquisitions | 2010年11月5日 M | 17883 | 0 | 0 | $0 |
| Paul Larner | Exec Vice Pres-Chief Admin Off | 2003年10月3日 M | 45056 | 0 | 0 | $0 |
| Michael D Fascitelli | 董事 | 2026年6月17日 S | 475161 | 0 | 2 | $-4882770 |
| Russell B Wight JR | 董事 | 2026年6月8日 P | 4000 | 4 | 0 | $67750 |
| Mandakini Puri | 董事 | 2026年5月21日 A | — | 0 | 0 | $0 |
| Daniel R Tisch | 董事 | 2026年5月21日 A | 215000 | 5 | 0 | $5633850 |
| Candace K Beinecke | 董事 | 2022年2月18日 A | 10201 | 0 | 0 | $0 |
| Beatrice Hamza Bassey | 董事 | 2021年5月20日 A | — | 0 | 0 | $0 |
| Michael Lynne | 董事 | 2019年2月15日 A | 2136 | 0 | 0 | $0 |
| Robert P Kogod | 董事 | 2018年5月17日 A | 196842 | 0 | 0 | $0 |
| Ronald G Targan | 董事 | 2013年8月7日 A | 0 | 0 | 0 | $0 |
| VORNADO REALTY TRUST | 董事 | 2013年3月4日 S | 6184610 | 0 | 0 | $0 |
| Anthony W Deering | 董事 | 2012年5月24日 A | 5643 | 0 | 0 | $0 |
| Robert H Smith | 董事 | 2009年12月14日 A | 1750 | 0 | 0 | $0 |
| Raymond J Mcguire | — | 2026年5月21日 A | — | 0 | 0 | $0 |
| William W Helman | — | 2026年5月21日 A | 15200 | 0 | 0 | $0 |
| David Mandelbaum | — | 2026年5月21日 A | 5607174 | 0 | 0 | $0 |
| Richard R West | — | 2021年5月20日 A | 0 | 0 | 0 | $0 |
| Joseph Macnow | — | 2020年3月30日 A | 3128 | 0 | 0 | $0 |
来自SEC表格3/4/5申报的内部人士；净额=仅公开市场买卖
激进投资者及 5%+ 股东 36 持仓
提交了 SEC Schedule 13D 的投资者 — 持有超过 5% 的受益所有权，意图影响发行人（激进股东持股、董事会活动、并购）。每一行显示该申报人持仓的最新已知状态。
| 申报人 | 已申报 | 持股 | 状态 | 目的 | 申报 |
|---|---|---|---|---|---|
| Interstate Properties, Steven Roth, Russell B. Wight, Jr., David Mandelbaum ×4 申报 | 2023年8月22日 | — | 初始申报 | — | SEC |
| Vornado Realty Trust, Vornado Realty L.P., VNO Fashion LLC, VSPS I LLC, Two Penn Plaza REIT, Inc., Two Penn Plaza REIT JP Fashion LLC, CESC H Street L.L.C., H Street Building Corporation, H Street JP Fashion LLC, Vornado RTR, Inc., PCJ I Inc. ×6 申报 | 2013年9月20日 | — | 初始申报 | — | SEC |
| 2011年9月19日 | — | 初始申报 | — | SEC | |
| 2011年2月25日 | — | 初始申报 | — | SEC | |
| 2011年2月9日 | — | 初始申报 | — | SEC | |
| 2011年1月25日 | — | 初始申报 | — | SEC | |
| 2010年11月10日 | — | 初始申报 | — | SEC | |
| 未披露的报告人, 未披露的报告人, 未披露的报告人, 未披露的报告人 | 2009年3月4日 | — | 初始申报 | — | SEC |
| 未披露的报告人, 未披露的报告人, 未披露的报告人, 未披露的报告人 | 2008年11月26日 | — | 初始申报 | — | SEC |
| 未披露的报告人 | 2006年11月16日 | — | 初始申报 | — | SEC |
| 未披露的报告人, 未披露的报告人, 未披露的报告人, 未披露的报告人 | 2006年5月5日 | — | 初始申报 | — | SEC |
| 未披露的报告人, 未披露的报告人, 未披露的报告人, 未披露的报告人 | 2005年10月12日 | — | 初始申报 | — | SEC |
| 未披露的报告人, 未披露的报告人, 未披露的报告人 | 2005年8月19日 | — | 初始申报 | 董事会活动 | SEC |
| 未披露的报告人, 未披露的报告人, 未披露的报告人 | 2004年11月10日 | — | 初始申报 | 董事会活动 | SEC |
| 未披露的报告人, 未披露的报告人 | 2004年2月13日 | — | 初始申报 | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF持仓 由 87 只交易所交易基金持有
权重仅反映直接股权持仓（N-PORT）；杠杆基金或基于衍生品的基金可能持有未显示的额外掉期敞口。
| 基金 | 权重 | 单位 | 截至 | 来源 |
|---|---|---|---|---|
| PSR · Invesco Actively Managed Exchange... | 1.76% | 26763 | 2026年8月8日 | 每日 |
| EPSV · Harbor ETF Trust | 1.57% | 2624 NS | 2026年4月30日 | N-PORT |
| PPTY · ETF Series Solutions | 1.52% | 11126 NS | 2026年5月31日 | N-PORT |
| EPMV · Harbor ETF Trust | 1.47% | 2176 NS | 2026年4月30日 | N-PORT |
| FLOW · Global X Funds | 1.13% | 9567 NS | 2026年5月31日 | N-PORT |
| ERTH · Invesco Exchange-Traded Fund Trust | 0.91% | 31570 | 2026年8月8日 | 每日 |
| FNK · First Trust Exchange-Traded Alpha... | 0.81% | 58637 NS | 2026年4月30日 | N-PORT |
| PGX · Invesco Exchange-Traded Fund Trus... | 0.78% | 1776412 | 2026年8月8日 | 每日 |
| GQRE · FlexShares Trust | 0.59% | 76160 NS | 2026年4月30日 | N-PORT |
| ERET · iShares Trust | 0.57% | 2063 SH | 2026年8月8日 | 每日 |
| USRT · iShares Trust | 0.56% | 658959 SH | 2026年8月8日 | 每日 |
| BBRE · J.P. Morgan Exchange-Traded Fund ... | 0.52% | 188796 NS | 2026年5月31日 | N-PORT |
| VGSR · Manager Directed Portfolios | 0.45% | 79340 NS | 2026年3月31日 | N-PORT |
| IYR · iShares Trust | 0.45% | 518669 SH | 2026年8月8日 | 每日 |
| FNX · First Trust Exchange-Traded Alpha... | 0.39% | 175034 NS | 2026年4月30日 | N-PORT |
| PFF · iShares Trust | 0.39% | 3036599 SH | 2026年8月8日 | 每日 |
| SCHH · SCHWAB STRATEGIC TRUST | 0.38% | 1133020 NS | 2026年5月31日 | N-PORT |
| PAMC · Pacer Funds Trust | 0.38% | 8000 NS | 2026年4月30日 | N-PORT |
| DFAR · Dimensional ETF Trust | 0.38% | 211765 NS | 2026年4月30日 | N-PORT |
| REET · iShares Trust | 0.37% | 479090 SH | 2026年8月8日 | 每日 |
| IVOV · VANGUARD ADMIRAL FUNDS | 0.36% | 135677 SH | 2026年8月8日 | 每日 |
| IJJ · iShares Trust | 0.35% | 803701 SH | 2026年8月8日 | 每日 |
| VNQ · VANGUARD SPECIALIZED FUNDS | 0.33% | 6100604 SH | 2026年8月8日 | 每日 |
| FREL · FIDELITY COVINGTON TRUST | 0.32% | 155975 NS | 2026年4月30日 | N-PORT |
| SMLF · iShares Trust | 0.32% | 349954 SH | 2026年8月8日 | 每日 |
| DFGR · Dimensional ETF Trust | 0.25% | 290159 NS | 2026年4月30日 | N-PORT |
| FAB · First Trust Exchange-Traded Alpha... | 0.24% | 11332 NS | 2026年4月30日 | N-PORT |
| JPME · J.P. Morgan Exchange-Traded Fund ... | 0.23% | 33697 NS | 2026年4月30日 | N-PORT |
| MIDE · DBX ETF Trust | 0.22% | 217 NS | 2026年5月29日 | N-PORT |
| XJH · iShares Trust | 0.19% | 21373 SH | 2026年8月8日 | 每日 |
| IQSM · New York Life Investments ETF Trust | 0.19% | 20419 NS | 2026年4月30日 | N-PORT |
| IVOO · VANGUARD ADMIRAL FUNDS | 0.17% | 254945 SH | 2026年8月8日 | 每日 |
| IJH · iShares Trust | 0.17% | 5451697 SH | 2026年8月8日 | 每日 |
| QVMM · Invesco Exchange-Traded Fund Trus... | 0.17% | 18776 | 2026年8月8日 | 每日 |
| EQAL · Invesco Exchange-Traded Fund Trus... | 0.15% | 31876 | 2026年8月8日 | 每日 |
| PTMC · Pacer Funds Trust | 0.14% | 18398 NS | 2026年4月30日 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.14% | 2465184 SH | 2026年8月8日 | 每日 |
| FSMD · FIDELITY COVINGTON TRUST | 0.14% | 110924 NS | 2026年4月30日 | N-PORT |
| JPUS · J.P. Morgan Exchange-Traded Fund ... | 0.13% | 19743 NS | 2026年4月30日 | N-PORT |
| BKMC · BNY Mellon ETF Trust | 0.12% | 25543 NS | 2026年4月30日 | N-PORT |
| MVV · ProShares Trust | 0.12% | 5535 NS | 2026年5月31日 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.11% | 768078 NS | 2026年5月31日 | N-PORT |
| FVAL · FIDELITY COVINGTON TRUST | 0.11% | 45895 NS | 2026年4月30日 | N-PORT |
| SCHM · SCHWAB STRATEGIC TRUST | 0.10% | 433362 NS | 2026年5月31日 | N-PORT |
| ISCV · iShares Trust | 0.10% | 17758 SH | 2026年8月8日 | 每日 |
| ISCG · iShares Trust | 0.10% | 25195 SH | 2026年8月8日 | 每日 |
| ISCB · iShares Trust | 0.10% | 7217 SH | 2026年8月8日 | 每日 |
| BBMC · J.P. Morgan Exchange-Traded Fund ... | 0.10% | 65931 NS | 2026年4月30日 | N-PORT |
| MIDU · Direxion Shares ETF Trust | 0.09% | 2652 NS | 2026年4月30日 | N-PORT |
| SMMD · iShares Trust | 0.09% | 87417 SH | 2026年8月8日 | 每日 |