Vornado Realty Trust (VNO) — Capital Reinvestment Ratio
Vornado Realty Trust (VNO) has a Capital Reinvestment Ratio of 17.31x as of September 2025, meaning it reinvests 17% of its operating cash flow ($33.17 Million) in capital expenditures ($574.12 Million). See Vornado Realty Trust (VNO) balance sheet quality index to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Vornado Realty Trust Capital Reinvestment Ratio (1990–2024)
This chart tracks Vornado Realty Trust's Capital Reinvestment Ratio across 35 annual periods. Check Vornado Realty Trust (VNO) reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Vornado Realty Trust (1990–2024)
Year-by-year Capital Reinvestment Ratio for Vornado Realty Trust from 1990 to 2024. For live market cap and broader valuation context, see VNO market cap.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2024 | 0.87x | $537.72 Million | $465.61 Million | ▲ +1593.3% |
| 2023 | 0.05x | $648.15 Million | $33.15 Million | ▼ -95.5% |
| 2022 | 1.13x | $798.94 Million | $900.79 Million | ▲ +16.3% |
| 2021 | 0.97x | $761.81 Million | $738.40 Million | ▲ +4.1% |
| 2020 | 0.93x | $424.24 Million | $395.05 Million | ▲ +40.6% |
| 2019 | 0.66x | $662.54 Million | $438.94 Million | ▲ +612.7% |
| 2018 | 0.09x | $802.64 Million | $74.61 Million | ▼ -77.5% |
| 2017 | 0.41x | $860.14 Million | $355.85 Million | ▼ -44.8% |
| 2016 | 0.75x | $1.00 Billion | $750.07 Million | ▲ +5.9% |
| 2015 | 0.71x | $672.15 Million | $475.82 Million | ▲ +24.4% |
| 2014 | 0.57x | $1.14 Billion | $645.97 Million | ▲ +50.0% |
| 2013 | 0.38x | $1.04 Billion | $394.83 Million | ▼ -29.8% |
| 2012 | 0.54x | $825.05 Million | $446.02 Million | ▲ +8.6% |
| 2011 | 0.50x | $702.50 Million | $349.60 Million | ▼ -19.2% |
| 2010 | 0.62x | $771.09 Million | $474.98 Million | ▼ -42.8% |
| 2009 | 1.08x | $633.58 Million | $681.87 Million | ▲ +5.7% |
| 2008 | 1.02x | $817.81 Million | $832.89 Million | ▼ -76.6% |
| 2007 | 4.36x | $697.33 Million | $3.04 Billion | ▲ +108.9% |
| 2006 | 2.09x | $824.67 Million | $1.72 Billion | ▲ +66.1% |
| 2005 | 1.26x | $762.68 Million | $957.81 Million | ▲ +607.8% |
| 2004 | 0.18x | $664.69 Million | $117.94 Million | ▼ -22.2% |
| 2003 | 0.23x | $528.95 Million | $120.59 Million | ▲ +18.7% |
| 2002 | 0.19x | $499.82 Million | $96.02 Million | ▲ +11.0% |
| 2001 | 0.17x | $387.69 Million | $67.09 Million | ▼ -88.4% |
| 2000 | 1.49x | $249.92 Million | $371.64 Million | ▼ -33.5% |
| 1999 | 2.24x | $176.90 Million | $395.80 Million | ▼ -56.1% |
| 1998 | 5.09x | $189.40 Million | $964.90 Million | ▼ -38.1% |
| 1997 | 8.22x | $110.80 Million | $911.20 Million | ▲ +3828.5% |
| 1996 | 0.21x | $70.70 Million | $14.80 Million | ▼ -20.7% |
| 1995 | 0.26x | $62.90 Million | $16.60 Million | ▼ -51.3% |
| 1994 | 0.54x | $46.90 Million | $25.40 Million | ▼ -45.0% |
| 1993 | 0.99x | $27.40 Million | $27.00 Million | ▲ +39.9% |
| 1992 | 0.70x | $15.90 Million | $11.20 Million | ▲ +231.2% |
| 1991 | 0.21x | $36.20 Million | $7.70 Million | ▼ -99.0% |
| 1990 | 21.33x | $1.80 Million | $38.40 Million | — |