Vornado Income Statement Research

VNO Stock

USD 27.21 0.62 2.33%

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 Vornado Realty Valuation and Vornado Realty Correlation analysis.

At this time, Vornado Realty's EBIT is very stable compared to the past year. As of the 23rd of April 2024, EBITDA is likely to grow to about 849.1 M, while Interest Expense is likely to drop about 243 M.

	2021	2022	2023	2024 (projected)
Other Operating Expenses	1.3B	1.5B	1.5B	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	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		0.93	0.24	0.3	0.44	0.88	0.21	-0.04	0.88	0.9	0.97	0.95	0.11	0.23	0.93	0.11	0.69	-0.05	-0.34	0.39	-0.33	0.35	-0.43	0.37
Other Operating Expenses	0.93		0.28	0.33	0.49	0.98	0.27	0.02	0.97	0.95	0.96	0.9	0.19	0.24	0.85	0.02	0.51	0.01	-0.26	0.13	-0.09	0.1	-0.17	0.26
Operating Income	0.24	0.28		0.96	0.94	0.23	0.95	0.48	0.18	0.32	0.29	0.27	0.94	0.47	0.28	0.63	0.12	0.89	0.27	-0.03	0.29	0.0	-0.03	-0.12
Ebit	0.3	0.33	0.96		0.98	0.27	0.97	0.46	0.22	0.35	0.35	0.33	0.96	0.58	0.37	0.61	0.13	0.91	0.34	0.05	0.24	0.03	-0.11	-0.05
Ebitda	0.44	0.49	0.94	0.98		0.43	0.95	0.42	0.39	0.49	0.51	0.48	0.92	0.59	0.5	0.58	0.21	0.84	0.27	0.06	0.21	0.04	-0.13	0.02
Total Operating Expenses	0.88	0.98	0.23	0.27	0.43		0.24	-0.04	0.97	0.92	0.92	0.86	0.17	0.22	0.75	-0.01	0.48	0.0	-0.27	0.12	-0.08	0.07	-0.14	0.32
Net Income	0.21	0.27	0.95	0.97	0.95	0.24		0.39	0.17	0.27	0.29	0.29	0.99	0.62	0.26	0.67	0.13	0.96	0.32	0.08	0.22	0.05	-0.13	0.01
Income Tax Expense	-0.04	0.02	0.48	0.46	0.42	-0.04	0.39		-0.06	0.09	-0.07	-0.14	0.44	0.07	0.0	-0.02	-0.17	0.37	0.59	-0.46	0.73	-0.53	0.45	-0.4
Depreciation And Amortization	0.88	0.97	0.18	0.22	0.39	0.97	0.17	-0.06		0.9	0.94	0.9	0.11	0.22	0.8	0.04	0.48	-0.08	-0.29	0.09	-0.09	0.06	-0.18	0.33
Selling General Administrative	0.9	0.95	0.32	0.35	0.49	0.92	0.27	0.09	0.9		0.92	0.87	0.19	0.15	0.84	-0.06	0.53	0.0	-0.29	0.12	-0.05	0.1	-0.12	0.1
Total Revenue	0.97	0.96	0.29	0.35	0.51	0.92	0.29	-0.07	0.94	0.92		0.99	0.2	0.3	0.93	0.13	0.62	0.03	-0.3	0.28	-0.23	0.25	-0.38	0.32
Gross Profit	0.95	0.9	0.27	0.33	0.48	0.86	0.29	-0.14	0.9	0.87	0.99		0.18	0.33	0.91	0.19	0.66	0.03	-0.32	0.37	-0.31	0.33	-0.5	0.39
Income Before Tax	0.11	0.19	0.94	0.96	0.92	0.17	0.99	0.44	0.11	0.19	0.2	0.18		0.63	0.16	0.61	-0.03	0.97	0.43	-0.05	0.34	-0.08	-0.02	-0.06
Total Other Income Expense Net	0.23	0.24	0.47	0.58	0.59	0.22	0.62	0.07	0.22	0.15	0.3	0.33	0.63		0.31	0.47	-0.13	0.61	0.41	0.06	0.12	-0.03	-0.39	0.16
Cost Of Revenue	0.93	0.85	0.28	0.37	0.5	0.75	0.26	0.0	0.8	0.84	0.93	0.91	0.16	0.31		0.16	0.6	0.0	-0.33	0.3	-0.25	0.29	-0.39	0.17
Minority Interest	0.11	0.02	0.63	0.61	0.58	-0.01	0.67	-0.02	0.04	-0.06	0.13	0.19	0.61	0.47	0.16		0.27	0.66	-0.08	0.37	-0.21	0.38	-0.47	0.32
Discontinued Operations	0.69	0.51	0.12	0.13	0.21	0.48	0.13	-0.17	0.48	0.53	0.62	0.66	-0.03	-0.13	0.6	0.27		-0.08	-0.57	0.75	-0.68	0.72	-0.56	0.45
Net Income From Continuing Ops	-0.05	0.01	0.89	0.91	0.84	0.0	0.96	0.37	-0.08	0.0	0.03	0.03	0.97	0.61	0.0	0.66	-0.08		0.46	0.02	0.27	0.0	-0.08	-0.02
Non Operating Income Net Other	-0.34	-0.26	0.27	0.34	0.27	-0.27	0.32	0.59	-0.29	-0.29	-0.3	-0.32	0.43	0.41	-0.33	-0.08	-0.57	0.46		-0.43	0.63	-0.5	0.21	-0.12
Non Recurring	0.39	0.13	-0.03	0.05	0.06	0.12	0.08	-0.46	0.09	0.12	0.28	0.37	-0.05	0.06	0.3	0.37	0.75	0.02	-0.43		-0.91	0.94	-0.84	0.68
Tax Provision	-0.33	-0.09	0.29	0.24	0.21	-0.08	0.22	0.73	-0.09	-0.05	-0.23	-0.31	0.34	0.12	-0.25	-0.21	-0.68	0.27	0.63	-0.91		-0.92	0.74	-0.61
Interest Income	0.35	0.1	0.0	0.03	0.04	0.07	0.05	-0.53	0.06	0.1	0.25	0.33	-0.08	-0.03	0.29	0.38	0.72	0.0	-0.5	0.94	-0.92		-0.77	0.59
Net Interest Income	-0.43	-0.17	-0.03	-0.11	-0.13	-0.14	-0.13	0.45	-0.18	-0.12	-0.38	-0.5	-0.02	-0.39	-0.39	-0.47	-0.56	-0.08	0.21	-0.84	0.74	-0.77		-0.73
Reconciled Depreciation	0.37	0.26	-0.12	-0.05	0.02	0.32	0.01	-0.4	0.33	0.1	0.32	0.39	-0.06	0.16	0.17	0.32	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
Operating Income	3.1B	(171.4M)	380.1M	(175.4M)	744.7M	520.2M
Ebit	3.1B	(171.4M)	380.1M	(175.4M)	365.9M	547.4M
Ebitda	3.5B	228.3M	792.5M	350.9M	823.5M	849.1M
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
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
Cost Of Revenue	918.0M	789.1M	797.3M	873.9M	905.2M	1.1B
Minority Interest	186.3M	(164.8M)	31.6M	36.1M	72.6M	58.0M
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)

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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:

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Check out Vornado Realty Valuation and Vornado Realty Correlation analysis.

You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

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When running Vornado Realty's price analysis, check to measure Vornado Realty's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Vornado Realty is operating at the current time. Most of Vornado Realty's value examination focuses on studying past and present price action to predict the probability of Vornado Realty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vornado Realty's price. Additionally, you may evaluate how the addition of Vornado Realty to your portfolios can decrease your overall portfolio volatility.

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Is Vornado Realty's industry 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

5.893

Dividend Share

0.675

Earnings Share

0.23

Revenue Per Share

9.863

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.

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Vornado Income Statement Research

Vornado Realty income statement Correlations

Vornado Realty Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Vornado Realty income statement Accounts

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Income Before Tax	+ 0.99	Net Income
Gross Profit	+ 0.99	Total Revenue
Total Operating Expenses	+ 0.98	Other Operating Expenses
Ebitda	+ 0.98	Ebit
Total Revenue	+ 0.97	Interest Expense
Depreciation And Amortization	+ 0.97	Other Operating Expenses

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