Vornado Historical Income Statement

VNO Stock

USD 42.42 1.00 2.41%

Historical analysis of Vornado Realty income statement accounts such as Interest Expense of 243 M, Other Operating Expenses of 1 B, Operating Income of 520.2 M or Ebit of 463.1 M can show how well Vornado Realty Trust performed in making a profits. Evaluating Vornado Realty income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Vornado Realty's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Vornado Realty Trust latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Vornado Realty Trust is a good buy for the upcoming year.

Net Income Gross Profit

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vornado Realty Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About Vornado Income Statement Analysis

Vornado Realty Trust Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Vornado Realty shareholders. The income statement also shows Vornado investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Vornado Realty Income Statement Chart

At this time, Vornado Realty's EBIT is very stable compared to the past year. As of the 24th of November 2024, EBITDA is likely to grow to about 851.8 M, while Interest Expense is likely to drop about 243 M.

Other Operating Expenses Operating Income Ebit Ebitda Total Operating Expenses Net Interest Income

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Vornado Realty Trust. It is also known as Vornado Realty overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from Vornado Realty Trust operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Vornado Realty Trust is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Net Interest Income

The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.

Most accounts from Vornado Realty's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Vornado Realty Trust current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vornado Realty Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

	2021	2022	2023	2024 (projected)
Other Operating Expenses	1.3B	1.5B	1.1B	1.0B
Interest Expense	231.1M	258.0M	325.9M	243.0M

Other Operating Expenses Interest Expense

Vornado Realty income statement Correlations

	Interest Expense	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Net Income	Income Tax Expense	Depreciation And Amortization	Selling General Administrative	Total Revenue	Gross Profit	Income Before Tax	Total Other Income Expense Net	Cost Of Revenue	Minority Interest	Research Development	Discontinued Operations	Net Income From Continuing Ops	Non Operating Income Net Other	Non Recurring	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation
Interest Expense		0.9	0.24	0.36	0.44	0.88	0.21	-0.04	-0.03	0.9	0.97	0.95	0.11	0.27	0.93	0.11	0.38	0.69	-0.05	-0.34	0.39	-0.33	0.35	-0.43	0.37
Other Operating Expenses	0.9		0.26	0.29	0.51	0.95	0.29	-0.01	0.25	0.92	0.96	0.92	0.22	0.35	0.85	0.01	0.31	0.53	0.04	-0.22	0.18	-0.13	0.13	-0.2	0.29
Operating Income	0.24	0.26		0.9	0.94	0.23	0.95	0.48	-0.4	0.32	0.29	0.27	0.94	0.44	0.28	0.63	0.01	0.12	0.89	0.27	-0.03	0.29	0.0	-0.03	-0.12
Ebit	0.36	0.29	0.9		0.91	0.21	0.91	0.33	-0.67	0.29	0.39	0.41	0.87	0.61	0.42	0.72	0.2	0.22	0.85	0.3	0.22	0.07	0.2	-0.39	0.12
Ebitda	0.44	0.51	0.94	0.91		0.44	0.95	0.43	-0.31	0.49	0.51	0.48	0.92	0.58	0.5	0.58	0.21	0.21	0.84	0.26	0.06	0.22	0.03	-0.13	0.02
Total Operating Expenses	0.88	0.95	0.23	0.21	0.44		0.24	-0.04	0.29	0.92	0.92	0.86	0.17	0.27	0.75	-0.01	0.21	0.48	0.0	-0.27	0.12	-0.08	0.07	-0.14	0.32
Net Income	0.21	0.29	0.95	0.91	0.95	0.24		0.39	-0.4	0.27	0.29	0.29	0.99	0.64	0.26	0.67	0.03	0.13	0.96	0.32	0.08	0.22	0.05	-0.13	0.01
Income Tax Expense	-0.04	-0.01	0.48	0.33	0.43	-0.04	0.39		0.01	0.09	-0.07	-0.14	0.44	-0.1	0.0	-0.02	-0.08	-0.17	0.37	0.59	-0.46	0.73	-0.53	0.45	-0.4
Depreciation And Amortization	-0.03	0.25	-0.4	-0.67	-0.31	0.29	-0.4	0.01		0.23	0.02	-0.08	-0.36	-0.38	-0.08	-0.62	-0.08	-0.13	-0.45	-0.23	-0.41	0.23	-0.42	0.69	-0.26
Selling General Administrative	0.9	0.92	0.32	0.29	0.49	0.92	0.27	0.09	0.23		0.92	0.87	0.19	0.15	0.84	-0.06	0.28	0.53	0.0	-0.29	0.12	-0.05	0.1	-0.12	0.1
Total Revenue	0.97	0.96	0.29	0.39	0.51	0.92	0.29	-0.07	0.02	0.92		0.99	0.2	0.33	0.93	0.13	0.31	0.62	0.03	-0.3	0.28	-0.23	0.25	-0.38	0.32
Gross Profit	0.95	0.92	0.27	0.41	0.48	0.86	0.29	-0.14	-0.08	0.87	0.99		0.18	0.37	0.91	0.19	0.28	0.66	0.03	-0.32	0.37	-0.31	0.33	-0.5	0.39
Income Before Tax	0.11	0.22	0.94	0.87	0.92	0.17	0.99	0.44	-0.36	0.19	0.2	0.18		0.62	0.16	0.61	-0.03	-0.03	0.97	0.43	-0.05	0.34	-0.08	-0.02	-0.06
Total Other Income Expense Net	0.27	0.35	0.44	0.61	0.58	0.27	0.64	-0.1	-0.38	0.15	0.33	0.37	0.62		0.21	0.42	0.08	0.12	0.63	0.38	0.35	-0.17	0.22	-0.48	0.44
Cost Of Revenue	0.93	0.85	0.28	0.42	0.5	0.75	0.26	0.0	-0.08	0.84	0.93	0.91	0.16	0.21		0.16	0.45	0.6	0.0	-0.33	0.3	-0.25	0.29	-0.39	0.17
Minority Interest	0.11	0.01	0.63	0.72	0.58	-0.01	0.67	-0.02	-0.62	-0.06	0.13	0.19	0.61	0.42	0.16		0.02	0.27	0.66	-0.08	0.37	-0.21	0.38	-0.47	0.32
Research Development	0.38	0.31	0.01	0.2	0.21	0.21	0.03	-0.08	-0.08	0.28	0.31	0.28	-0.03	0.08	0.45	0.02		0.35	-0.04	-0.15	0.4	-0.35	0.37	-0.29	0.23
Discontinued Operations	0.69	0.53	0.12	0.22	0.21	0.48	0.13	-0.17	-0.13	0.53	0.62	0.66	-0.03	0.12	0.6	0.27	0.35		-0.08	-0.57	0.75	-0.68	0.72	-0.56	0.45
Net Income From Continuing Ops	-0.05	0.04	0.89	0.85	0.84	0.0	0.96	0.37	-0.45	0.0	0.03	0.03	0.97	0.63	0.0	0.66	-0.04	-0.08		0.46	0.02	0.27	0.0	-0.08	-0.02
Non Operating Income Net Other	-0.34	-0.22	0.27	0.3	0.26	-0.27	0.32	0.59	-0.23	-0.29	-0.3	-0.32	0.43	0.38	-0.33	-0.08	-0.15	-0.57	0.46		-0.43	0.63	-0.5	0.21	-0.12
Non Recurring	0.39	0.18	-0.03	0.22	0.06	0.12	0.08	-0.46	-0.41	0.12	0.28	0.37	-0.05	0.35	0.3	0.37	0.4	0.75	0.02	-0.43		-0.91	0.94	-0.84	0.68
Tax Provision	-0.33	-0.13	0.29	0.07	0.22	-0.08	0.22	0.73	0.23	-0.05	-0.23	-0.31	0.34	-0.17	-0.25	-0.21	-0.35	-0.68	0.27	0.63	-0.91		-0.92	0.74	-0.61
Interest Income	0.35	0.13	0.0	0.2	0.03	0.07	0.05	-0.53	-0.42	0.1	0.25	0.33	-0.08	0.22	0.29	0.38	0.37	0.72	0.0	-0.5	0.94	-0.92		-0.77	0.59
Net Interest Income	-0.43	-0.2	-0.03	-0.39	-0.13	-0.14	-0.13	0.45	0.69	-0.12	-0.38	-0.5	-0.02	-0.48	-0.39	-0.47	-0.29	-0.56	-0.08	0.21	-0.84	0.74	-0.77		-0.73
Reconciled Depreciation	0.37	0.29	-0.12	0.12	0.02	0.32	0.01	-0.4	-0.26	0.1	0.32	0.39	-0.06	0.44	0.17	0.32	0.23	0.45	-0.02	-0.12	0.68	-0.61	0.59	-0.73

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Vornado Realty Account Relationship Matchups

Vornado Realty income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	264.8M	234.8M	231.1M	258.0M	325.9M	243.0M
Other Operating Expenses	1.5B	1.4B	1.3B	1.5B	1.1B	1.0B
Operating Income	3.1B	(171.4M)	380.1M	(175.4M)	744.7M	520.2M
Ebit	3.1B	(1.4B)	(558.3M)	(1.0B)	388.0M	463.1M
Ebitda	3.5B	228.3M	792.5M	423.3M	845.6M	851.8M
Total Operating Expenses	589.0M	581.2M	546.9M	638.2M	605.4M	327.8M
Net Income	3.1B	(461.8M)	176.0M	(382.6M)	105.5M	100.2M
Income Tax Expense	103.4M	36.6M	(10.5M)	21.7M	29.2M	28.2M
Depreciation And Amortization	419.1M	1.6B	1.4B	1.5B	457.6M	445.8M
Selling General Administrative	169.9M	181.5M	134.5M	133.7M	162.9M	133.7M
Total Revenue	1.9B	1.5B	1.6B	1.8B	1.8B	1.7B
Gross Profit	1.0B	738.9M	791.9M	926.1M	906.0M	1.0B
Income Before Tax	3.4B	(425.2M)	197.1M	(361.0M)	62.1M	59.0M
Total Other Income Expense Net	370.1M	(569.5M)	(10.5M)	(648.8M)	(682.6M)	(648.5M)
Cost Of Revenue	918.0M	789.1M	797.3M	873.9M	905.2M	1.1B
Net Income Applicable To Common Shares	3.1B	(348.7M)	101.1M	(408.6M)	(469.9M)	(446.4M)
Minority Interest	186.3M	(164.8M)	31.6M	36.1M	72.6M	58.0M
Preferred Stock And Other Adjustments	50.1M	51.7M	74.9M	62.1M	71.4M	67.9M
Net Income From Continuing Ops	3.3B	(461.8M)	207.6M	(382.6M)	32.9M	31.2M
Tax Provision	103.4M	36.6M	(10.5M)	21.7M	29.2M	22.3M
Interest Income	19.7M	9.2M	2.8M	19.9M	50.0M	38.7M
Net Interest Income	(266.9M)	(220.1M)	(228.3M)	(259.9M)	(299.3M)	(314.2M)
Reconciled Depreciation	438.9M	417.9M	432.6M	526.3M	457.6M	374.4M

Pair Trading with Vornado Realty

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Vornado Realty position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Vornado Realty will appreciate offsetting losses from the drop in the long position's value.

Moving together with Vornado Stock

0.84	UE	Urban Edge Properties	Pair Corr
0.82	AHR	American Healthcare REIT,	Pair Corr

Moving against Vornado Stock

0.78	RC	Ready Capital Corp	Pair Corr
0.73	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.69	FR	First Industrial Realty	Pair Corr
0.67	UK	Ucommune International	Pair Corr
0.54	HPP	Hudson Pacific Properties Buyout Trend	Pair Corr

The ability to find closely correlated positions to Vornado Realty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vornado Realty when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Vornado Realty - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Vornado Realty Trust to buy it.

The correlation of Vornado Realty is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vornado Realty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vornado Realty Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Vornado Realty can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Vornado Realty Trust offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Vornado Realty's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Vornado Realty Trust Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Vornado Realty Trust Stock:

How To Invest In Vornado

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Is Vornado Stock a good investment?

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What is Vornado Realty's Net Worth?

Details

Largest Diversified REITs Companies

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Largest Equity Real Estate Investment Trusts (REITs) Companies

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You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

Is Diversified REITs space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Vornado Realty. If investors know Vornado will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Vornado Realty listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.25)

Dividend Share

0.3

Earnings Share

(0.28)

Revenue Per Share

9.825

Quarterly Revenue Growth

(0.02)

The market value of Vornado Realty Trust is measured differently than its book value, which is the value of Vornado that is recorded on the company's balance sheet. Investors also form their own opinion of Vornado Realty's value that differs from its market value or its book value, called intrinsic value, which is Vornado Realty's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Vornado Realty's market value can be influenced by many factors that don't directly affect Vornado Realty's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Vornado Realty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vornado Realty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vornado Realty's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Vornado Historical Income Statement

About Vornado Income Statement Analysis

Vornado Realty Income Statement Chart

Other Operating Expenses

Operating Income

Total Operating Expenses

Net Interest Income

Vornado Realty income statement Correlations

Vornado Realty Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Vornado Realty income statement Accounts

Pair Trading with Vornado Realty

Moving together with Vornado Stock

Moving against Vornado Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Income Before Tax	+ 0.99	Net Income
Gross Profit	+ 0.99	Total Revenue
Total Revenue	+ 0.97	Interest Expense
Net Income From Continuing Ops	+ 0.97	Income Before Tax
Total Revenue	+ 0.96	Other Operating Expenses
Net Income From Continuing Ops	+ 0.96	Net Income

Interest Income	- 0.92	Tax Provision
Tax Provision	- 0.91	Non Recurring
Net Interest Income	- 0.84	Non Recurring
Net Interest Income	- 0.77	Interest Income
Reconciled Depreciation	- 0.73	Net Interest Income
Tax Provision	- 0.68	Discontinued Operations