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Vornado Realty Trust revenue

Vornado Realty Trust's revenue was $1.81bn in fiscal 2025, up 1.3% on the year before. Since fiscal 2016 ($2.00bn) it has grown at a compound -1.1% a year. Over the last twelve months it was $1.84bn.

Revenue history

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Revenue2,0042,0842,1641,9251,5281,5891,8001,8111,7881,8101,843
Growth on the year before—+4.0%+3.8%−11.0%−20.6%+4.0%+13.3%+0.6%−1.3%+1.3%—

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
New York $1.5B 81.6% ▲ 0.3%
Other $334M 18.4% ▲ 5.8%
Products and services
Line of business Revenue YoY
Rental Revenue $1.6B ▼ 0.7%
Fee and Other Income $252M ▲ 15.2%
Building Maintenance Service $158M ▲ 5.7%
Other $82.9M ▲ 50.9%
Tenant Services $45.2M ▲ 8.9%
Parking Revenue $20.3M ▲ 5.8%
Management and Leasing Fees $11.6M ▼ 21.2%

These categories overlap or exclude eliminations, so shares aren't shown.

From Vornado Realty Trust's 10-K filed February 9, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Revenue against peers

Office REITs: the closest covered companies by revenue. Last twelve months.

CompanyRevenueGrowth3-year growth a year
Vornado Realty Trust $1.84bn 1.6% 0.5%
Alexandria Real Estate Equities $2.76bn -9.9% -0.5%
Kilroy Realty Corp $1.09bn -3.6% -1.7%
Cousins Properties Inc $1.05bn 8.5% 9.3%
SL Green Realty Corp $1.04bn 8.5% 0.5%
Douglas Emmett Inc $1.01bn 0.8% -0.2%

Compare with peers

Head to head: ARE vs VNOKRC vs VNOCUZ vs VNO

More: Office REITs stocks compared, Real Estate sector, rankings of US companies

Figures from Vornado Realty Trust's SEC filings (10-K and 10-Q), retrieved November 2, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Vornado Realty Trust.