VNONYSE,OTC,NYSE,NYSE,NYSE,NYSE SEC EDGAR

VORNADO REALTY TRUST

Real Estate Investment Trusts·NEW YORK, NY·FY end 12/31·CIK 899689

CEO Pay Ratio

37:1

Steven Roth

CEO Total Comp

$375.6K

Steven Roth

Median Employee

$84,442

Revenue

$1.8B

FY 2025

Net Income

$905.0M

FY 2025

Free Cash Flow

—

FY 2025

Net Margin

50.0%

Insider Net (180d)

$11.3M

10 buys / 0 sales

CEO Pay Accountability

CEO comp as % of net income

0.04%

For every $1,000 of profit, $0.42 flows to the CEO.

CEO comp as % of buybacks

0.74%

CEO comp equals 7.4‰ of cash returned to shareholders via buybacks.

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	Trend
Revenue	$1.8B	$1.8B	$1.8B	$1.8B	$1.6B
Gross Profit	—	—	—	—	—	—
Operating Income	—	—	—	—	—	—
Net Income	$905.0M	$70.4M	$105.5M	-$346.5M	$176.0M
Operating CF	$1.3B	$537.7M	$648.2M	$798.9M	$761.8M
Capex	—	—	—	—	—	—
Free Cash Flow	—	—	—	—	—	—
Buybacks	$51.0M	$0	$29.2M	—	—
Dividends	$141.3M	$141.1M	$129.1M	$406.6M	$406.1M

Gross Margin	—	—	—	—	—	—
Operating Margin	—	—	—	—	—	—
Net Margin	50.0%	3.9%	5.8%	-19.2%	11.1%
FCF Margin	—	—	—	—	—	—
R&D / Revenue	—	—	—	—	—	—
Effective Tax	1.4%	53.0%	47.0%	-6.0%	-5.3%
Debt / Equity	0.38	0.50	0.47	0.44	0.41
Buybacks / FCF	—	—	—	—	—	—

FY 2025

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
Steven RothChairman and Chief Executive Officer (Principal Executive Officer)	$1.0M	—	—	$1.8M	—	$375.6K
Glen J. WeissExecutive Vice President—Office Leasing, Co-Head of Real Estate	$1.0M	—	—	$1.8M	—	$360.6K
Haim CheraExecutive Vice President— Head of Retail Leasing	$1.0M	—	—	$1.5M	—	$182.9K
Michael J. FrancoPresident and Chief Financial Officer (Principal Financial Officer)	$1.0M	—	—	$1.8M	—	$48.6K
Barry S. LangerExecutive Vice President— Development, Co-Head of Real Estate	$1.0M	—	—	$1.8M	—	$25.9K