VORNADO REALTY TRUST
VNO · XNYSCIK 899689fmd_06RTX24QB4NPN3AF13DKP8GV38Finance, Insurance and Real Estate · Real Estate Investment TrustsTemplate: Real estate
Coverage: Jan 01, 2007 to Jun 30, 2026, 74 periods
| Line item | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Rental revenue | 1,662 | 1,715 | 1,760 | 1,720 | 1,343 | 1,374 | 1,543 | 1,545 | 1,508 | 1,493 |
| Total revenues | 2,004 | 2,084 | 2,164 | 1,925 | 1,528 | 1,589 | 1,800 | 1,811 | 1,788 | 1,810 |
| Real estate taxes | – | 0 | 13 | 0 | 0 | – | – | – | – | – |
| Provision for credit losses | – | – | 2 | 0 | 13 | 0 | 0 | 8 | 0 | 0 |
| Depreciation and amortization | 421 | 429 | 447 | 419 | 400 | 412 | 505 | 434 | 448 | 462 |
| Gain on sale of real estate | 5 | 1 | 0 | 2,571 | 0 | 0 | 101 | 71 | 16 | 35 |
| Total operating expenses | 1,424 | 1,475 | 1,581 | 1,625 | 1,551 | 1,368 | 1,534 | 1,565 | 1,542 | 1,552 |
| Impairment of real estate | 161 | 0 | 12 | 27 | 236 | 8 | 19 | 45 | 0 | 0 |
| Funds from operations (NAREIT definition, derived) | 1,484 | 656 | 909 | 1,023 | 339 | 596 | 76 | 514 | 502 | 1,332 |
| Operating income | 580 | 609 | 583 | – | – | – | – | – | – | – |
| Interest expense | 330 | 346 | 348 | 287 | 229 | 231 | 280 | 349 | 390 | 354 |
| Interest and investment income | – | – | – | – | – | – | – | – | – | – |
| Other non-operating income (expense) | 4 | 5 | 4 | 4 | 4 | 2 | 0 | 0 | 0 | – |
| Income before taxes | 585 | 320 | 460 | 3,438 | (425) | 197 | (361) | 62 | 43 | 951 |
| Income tax expense | 8 | 42 | 38 | 103 | 37 | (10) | 22 | 29 | 23 | 14 |
| Net income from continuing operations | 577 | 277 | 422 | 3,334 | (462) | 208 | (383) | 33 | 20 | 937 |
| Net income | 907 | 227 | 450 | 3,148 | (297) | 176 | (346) | 105 | 70 | 905 |
| Net income to common shareholders | 824 | 162 | 385 | 3,098 | (349) | 101 | (409) | 43 | 8 | 843 |