Vornado Realty Trust
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.81B | $1.79B | $1.81B | $1.80B | $1.59B | $1.53B | $1.92B | $2.16B |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $156.1M | $148.5M | $162.9M | $133.7M | $134.5M | $181.5M | $169.9M | $141.9M |
| Operating Income | $950.7M | $42.8M | $62.1M | $-361.0M | $197.1M | $-425.2M | $3.44B | $583.0M |
| Operating Margin | 52.5% | 2.4% | 3.4% | -20.1% | 12.4% | -27.8% | 178.6% | 26.9% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $950.7M | $42.8M | $62.1M | $-361.0M | $197.1M | $-425.2M | $3.44B | $459.6M |
| Income Tax Expense | $13.5M | $22.7M | $29.2M | $21.7M | $-10.5M | $36.6M | $103.4M | $37.6M |
| Net Income | $905.0M | $70.4M | $105.5M | $-346.5M | $176.0M | $-297.0M | $3.15B | $450.0M |
| Net Margin | 50.0% | 3.9% | 5.8% | -19.2% | 11.1% | -19.4% | 163.6% | 20.8% |
| EPS (Basic) | $4.40 | $0.04 | $0.23 | $-2.13 | $0.53 | $-1.83 | $16.23 | $2.02 |
| EPS (Diluted) | $4.20 | $0.04 | $0.23 | $-2.13 | $0.53 | $-1.83 | $16.21 | $2.01 |
| Shares Outstanding (Basic) | 191.8M | 190.5M | 191.0M | 191.8M | 191.6M | 191.1M | 190.8M | 190.2M |
| Shares Outstanding (Diluted) | 201.0M | 196.6M | 191.9M | 191.8M | 192.1M | 191.1M | 191.1M | 191.3M |
| Dividends Per Share | $0.74 | $0.74 | $0.68 | $2.12 | $2.12 | $2.38 | $2.64 | $2.52 |