What is the 13F Pro Quality Score for VNO?

13F Pro ranks VORNADO REALTY TRUST (VNO) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View VNO's current score at https://13fpro.ai/company/VNO (free sign-up required for the full ranking).

Which hedge funds own the most VNO stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of VNO include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, NORGES BANK. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/VNO as soon as new 13F filings post.

Where does 13F Pro source VNO data?

All VORNADO REALTY TRUST fundamentals and ownership data come directly from SEC EDGAR. VORNADO REALTY TRUST files with the SEC under CIK 899689. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is VNO in?

VORNADO REALTY TRUST (VNO) is classified in the Real Estate sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/real-estate.

What drives VNO's revenue?

Per VORNADO REALTY TRUST's latest 10-Q filed with the SEC on 2026-08-03, the biggest revenue drivers are: Rental revenues ($405.1M, +5.9% YoY); Fee and other income ($57.2M, -3.4% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/VNO.

What are VNO's largest expenses?

VORNADO REALTY TRUST's latest 10-Q reports these as the largest expense items: Operating expenses ($223.6M, +1.9% YoY); Interest and debt expense ($89.6M, +1.9% YoY). Sourced directly from SEC EDGAR filing text for Q2 FY2026 (quarter ended June 30, 2026).

How often is VNO research updated on 13F Pro?

VNO's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

VORNADO REALTY TRUST(VNO)Stock Analysis

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Real Estate →NYSEmid

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Why VNO Scores 50/100

exact factor attribution · 2026-08-29

VNO's composite is driven by earnings quality and free cash flow, held back by revenue growth and profitability. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Earnings quality

+4.3 pts

93th pct

Free cash flow

+3.9 pts

76th pct

Institutional flow

+1.7 pts

85th pct

Scale

+1.6 pts

61th pct

Shareholder dilution

-0.1 pts

48th pct

Earnings growth

-1.0 pts

30th pct

Capital efficiency

-1.6 pts

34th pct

Profitability

-3.8 pts

25th pct

▼2

Revenue growth

-4.9 pts

26th pct

Latest change (2026-08-05): 69 → 48 · ↓ Profit margin 95→50; ↓ Capital efficiency 74→39

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

Unusual Activity in VNO

Events flagged as statistical outliers against VNO's own multi-year baseline — not fixed dollar thresholds.

Score shock2026-08-05
VNO quality score dropped 21 points (69→48) on a new filing
View source filing →

VNO Stock Analysis & AI Quality Score

Data updated 2026-08-29

AI stock analysis and institutional research for VORNADO REALTY TRUST (VNO), a Real Estate sector company. 13F Pro tracks VNO using direct SEC EDGAR data and AI-powered research tools. Based on the latest XBRL financial filings (Q2 2026), VORNADO REALTY TRUST reports quarterly revenue of $462.2M, net income of $32.0M, an operating margin of 9.3%. Top institutional holders of VNO by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, NORGES BANK, based on the most recent SEC filings. VNO trades on the NYSE exchange and files with the SEC under CIK 899689. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate VNO daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for VORNADO REALTY TRUST directly from SEC EDGAR. VORNADO REALTY TRUST's 13F Pro composite quality score has ranged between 48 and 66 since 2026, currently 50.1 — a stable long-term trajectory across 45 quarterly and live scoring snapshots.

What's Driving VNO's Business? Latest 10-Q Breakdown

AI-extracted from VORNADO REALTY TRUST's 10-Q filed 2026-08-03 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Vornado reported Q2 2026 net income attributable to common shareholders of $16.4M ($0.08 per diluted share), down from $743.8M in Q2 2025 due to absence of prior-year $803M NYU master lease gain; FFO per diluted share was $0.74 vs. $0.60 YoY.

Biggest Revenue Drivers

Rental revenues$405.1M+5.9% YoY

Same store operations contributed $37.5M increase; acquisitions and dispositions reduced revenue by $9.6M.

Fee and other income$57.2M-3.4% YoY

BMS cleaning fees decreased $4.1M; offset partially by $2.3M increase in other income.

Biggest Revenue Drivers

Total revenue: $462.2M+4.7% YoY

Rental revenues$405.1M+5.9% YoY

Same store operations contributed $37.5M increase; acquisitions and dispositions reduced revenue by $9.6M.

Fee and other income$57.2M-3.4% YoY

BMS cleaning fees decreased $4.1M; offset partially by $2.3M increase in other income.

Largest Expense Items

Operating expenses$223.6M+1.9% YoY

Same store operations increased $14.5M; offset by $6.4M decrease from acquisitions/dispositions.

Interest and debt expense$89.6M+1.9% YoY

$7.1M higher interest from $500M senior notes issuance; $4.5M higher rates; offset by $6.4M lower cap amortization.

Margins: NOI at share increased 9.8% to $304.1M; NOI at share - cash basis rose 2.9% to $263.2M, reflecting strong same-store growth of 11.9% in New York offset by 14.3% decline at 555 California Street due to asset impairment.

Watch Items from the Filing

888 Seventh Avenue $244.5M mortgage entered default in December 2025; forbearance agreement through March 2027 defers payment of accrued interest and amortization.
PENN 1 ground lease: arbitration determined $15M or $20.2M annual rent; ground lessor's court vacatur of arbitration panel decision granted October 2025; Vornado appealing; sublease litigation ongoing could increase rent retroactive to June 2023.
555 California Street same-store NOI declined 14.3% YoY (cash basis -48.6%) due to pre-impairment factors; property carried as investment in partially owned entities.
Park Avenue Plaza acquisition completed June 2026 for $230M cash (49% interest at $950/sq ft); co-owned with Fisher Brothers; provides geographic diversification but concentrates NYC exposure.
350 Park Avenue joint venture option with Kenneth C. Griffin entity: Vornado must decide by August 2026 whether to proceed with 23-40% stake ($1.2B put option if declined).

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$462.2M

Net Income

Q2 2026

$32.0M

Operating Margin

Q2 2026

9.3%

ROIC

Q2 2026

2.0%

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+1.3% YoY

$1.81BFY 2025

FY22 $1.80BFY23 $1.81BFY24 $1.79BFY25 $1.81B

Net Income

+1185.7% YoY

$905.0MFY 2025

FY22 $-346.5MFY23 $105.5MFY24 $70.4MFY25 $905.0M

EPS (Diluted)

+10400.0% YoY

$4.20FY 2025

FY22 $-2.13FY23 $0.23FY24 $0.04FY25 $4.20

Total Assets

-3.0% YoY

$15.52BFY 2025

FY22 $16.49BFY23 $16.19BFY24 $16.00BFY25 $15.52B

Total Debt

-11.8% YoY

$2.26BFY 2025

FY22 $2.56BFY23 $2.56BFY24 $2.57BFY25 $2.26B

Op. Cash Flow

+134.0% YoY

$1.26BFY 2025

FY22 $798.9MFY23 $648.2MFY24 $537.7MFY25 $1.26B

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$1.81B +1.3%	$1.79B -1.3%	$1.81B +0.6%	$1.80B +13.3%	$1.59B +4.0%	$1.53B
Net Income	$905.0M +1185.7%	$70.4M -33.3%	$105.5M +130.4%	$-346.5M -296.9%	$176.0M +159.3%	$-297.0M
EPS (Diluted)	$4.20 +10400.0%	$0.04 -82.6%	$0.23 +110.8%	$-2.13 -501.9%	$0.53 +129.0%	$-1.83
Total Assets	$15.52B -3.0%	$16.00B -1.2%	$16.19B -1.9%	$16.49B -4.5%	$17.27B +6.4%	$16.22B
Total Debt	$2.26B -11.8%	$2.57B +0.1%	$2.56B +0.1%	$2.56B -0.1%	$2.56B +40.9%	$1.82B
Operating Cash Flow	$1.26B +134.0%	$537.7M -17.0%	$648.2M -18.9%	$798.9M +4.9%	$761.8M +79.6%	$424.2M

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Available Research

13F Pro tracks comprehensive data for VORNADO REALTY TRUST including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of VNO

BlackRock, Inc.
$871.7M22,179,714 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$571.0M14,528,540 sh
NORGES BANK
$566.4M14,411,308 sh
FRANKLIN RESOURCES INC
$525.9M13,381,039 sh
PRICE T ROWE ASSOCIATES INC /MD/
$375.2M9,546,372 sh
Resolution Capital Ltd
$369.0M9,389,365 sh
STATE STREET CORP
$316.7M8,058,645 sh
VANGUARD CAPITAL MANAGEMENT LLC
$296.7M7,548,424 sh
PRINCIPAL FINANCIAL GROUP INC
$233.6M5,943,644 sh
Kemnay Advisory Services Inc.
$229.3M5,834,481 sh

Fund	Value	Shares
BlackRock, Inc.	$871.7M	22,179,714
VANGUARD PORTFOLIO MANAGEMENT LLC	$571.0M	14,528,540
NORGES BANK	$566.4M	14,411,308
FRANKLIN RESOURCES INC	$525.9M	13,381,039
PRICE T ROWE ASSOCIATES INC /MD/	$375.2M	9,546,372
Resolution Capital Ltd	$369.0M	9,389,365
STATE STREET CORP	$316.7M	8,058,645
VANGUARD CAPITAL MANAGEMENT LLC	$296.7M	7,548,424
PRINCIPAL FINANCIAL GROUP INC	$233.6M	5,943,644
Kemnay Advisory Services Inc.	$229.3M	5,834,481

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Is VNO a good stock to buy?

13F Pro's AI-powered analysis of VORNADO REALTY TRUST (VNO) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Real Estate sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for VNO are available on the VNO stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. VNO is classified as a mid company.

Which hedge funds own VNO?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling VNO. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of VORNADO REALTY TRUST's investment landscape.