VNOVORNADO REALTY TRUST
Real Estate Investment Trusts
- Revenue
- $1.8B
- 1.3% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- $1.9B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear134% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear15% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear—Over 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.6B | $1.8B | $1.8B | $1.8B | $1.8B | 1.3% |
| Net income | $208M | −$383M | $33M | $20M | $937M | 4585% |
| Operating cash flow | $762M | $799M | $648M | $538M | $1.3B | 134% |
| Stock-based comp | $38M | $29M | $43M | $30M | $25M | 16% |
| Buybacks | $0 | $0 | $29M | $0 | $51M | |
| Dividends | $406M | $407M | $129M | $141M | $141M | 0.1% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $3M · 1
- Net
- −$3M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $3M | −$32M | 107 | — |
| FY2024 | $3M | $68M | 132 | — |
| FY2023 | $27M | $63M | 87 | — |
| FY2022 | $10M | −$5M | 63 | — |
| FY2021 | $10M | $13M | 118 | — |