Kilroy Realty vs Vornado Realty Trust
Vornado Realty Trust is the larger business, with $1.81bn of revenue in fiscal 2025 against $1.11bn for Kilroy Realty (1.6 times as much). Vornado Realty Trust grew faster (1.3% against -2.0%). Vornado Realty Trust kept more of each dollar of sales as profit: a net margin of 50.0% against 24.8%. Vornado Realty Trust carries less debt relative to equity (37.8% against 84.7%).
| Latest fiscal year | Kilroy RealtyKRC, 2025 | Vornado Realty TrustVNO, 2025 |
|---|---|---|
| Revenue | $1.11bn | $1.81bn |
| Revenue growth | -2.0% | 1.3% |
| Net income | $276m | $905m |
| Operating margin | — | — |
| Net margin | 24.8% | 50.0% |
| Return on equity | 5.1% | 16.2% |
| Free cash flow | $450m | $962m |
| Cash | $179m | $841m |
| Total debt | $4.59bn | $2.26bn |
| Debt to equity | 84.7% | 37.8% |
| Dividend per share | $2.16 | $0.74 |
| Dividend yield | 6.0% | — |
| Share buybacks | — | $51.0m |
| Employees | 241 | 3,145 |
| Market value | $4.21bn | $6.40bn |
| Price vs our value range | — | — |
| Moat score | 53 (Moderate) | 46 (Moderate) |
| Insider trades, 12 months | 0 buys, 6 sales | 9 buys, 3 sales |