VORNADO REALTY TRUST (VNO) Return on equity 2016–2025
VORNADO REALTY TRUST (VNO) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
15.7%FY2025 · since FY2016: 13.1% → 15.7%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 15.7% | +15.3 pp |
| FY2024 | 0.4% | -0.2 pp |
| FY2023 | 0.6% | +7.2 pp |
| FY2022 | -6.6% | -9.9 pp |
| FY2021 | 3.3% | +7.9 pp |
| FY2020 | -4.5% | -51.3 pp |
| FY2019 | 46.8% | +36.7 pp |
| FY2018 | 10.1% | +4.8 pp |
| FY2017 | 5.2% | -7.9 pp |
| FY2016 | 13.1% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice