VNO Stock — Vornado Realty Trust

Vornado Realty Trust (VNO)

VNO is a Stock. its distribution rate is 2.12%, its trailing-12-month yield is 2.08%. Dividend Vision Distribution Safety Score™ is 47/100 (Caution). Its deepest 1-year drawdown was 39.4%.

At the current 2.12% distribution rate, a $10,000 investment would generate approximately $212 per year if the next payment matches the last regular one.

Vornado Realty Trust is a real estate investment trust that owns and operates a diversified portfolio of premier office, retail, and multifamily properties, with substantial concentration in New York City including development of the PENN DISTRICT, along with key assets in Chicago and San Francisco. The trust distributes income on an annual basis at a modest current rate and is recognized as a sustainability leader with comprehensive LEED certification across its office portfolio. This REIT appeals to income-focused investors seeking exposure to high-quality urban real estate assets.

VNO performance

Its deepest 1-year drawdown was 39.4%.

VNO key facts

Distribution Safety Score™

47 · Caution

Safety-Adjusted Yield

1.00%

Issuer

Vornado

Asset type

Stock

Asset class

Equity

Inception date

03/17/1980

Distribution rate

2.12%

Distribution frequency

Annual

Trailing yield

2.08%

5-year average yield

4.27

Last close

$35.58 (as of 2026-09-21)

Market cap

$6,643,516,493

Average volume

1498601.0

Last dividend

$0.74

Last ex-dividend date

12/18/2025

Last payment date

12/29/2025

Beta

1.539

Payout ratio

1.1746

P/E ratio

1186.0

Forward P/E

57.1429

EPS

$0.03

How Dividend Vision calculates yield and returns

Distribution rate (2.12%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (2.08%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Vornado; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

VNO risks and drawbacks

VNO's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are annual, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 39.4%.

Who may consider VNO — and who may not

VNO may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (VNO pays annual); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from Vornado.