Vornado Realty Trust (VNO) — Cash Flow Reinvestment Rate
Vornado Realty Trust (VNO) has a Cash Flow Reinvestment Rate of 26.86x as of September 2025, reinvesting $890.75 Million (capex $574.12 Million plus investments $-316.63 Million) from operating cash flow of $33.17 Million. Explore Vornado Realty Trust (VNO) reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Vornado Realty Trust Cash Flow Reinvestment Rate (1990–2024)
Historical reinvestment intensity for Vornado Realty Trust across 35 annual periods. Also explore balance sheet size of Vornado Realty Trust for the complete picture of this company's asset base.
Annual Cash Flow Reinvestment Rate for Vornado Realty Trust (1990–2024)
Year-by-year capital reinvestment analysis for Vornado Realty Trust. For live market cap and broader valuation context, see Vornado Realty Trust (VNO) total market value.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2024 | 1.98x | $1.06 Billion | $537.72 Million | $465.61 Million | ▲ +2963.9% |
| 2023 | 0.06x | $41.82 Million | $648.15 Million | $33.15 Million | ▼ -97.1% |
| 2022 | 2.26x | $1.81 Billion | $798.94 Million | $900.79 Million | ▲ +107.4% |
| 2021 | 1.09x | $830.96 Million | $761.81 Million | $738.40 Million | ▲ +11.0% |
| 2020 | 0.98x | $416.86 Million | $424.24 Million | $395.05 Million | ▼ -65.1% |
| 2019 | 2.81x | $1.86 Billion | $662.54 Million | $438.94 Million | ▲ +2568.3% |
| 2018 | 0.11x | $84.63 Million | $802.64 Million | $74.61 Million | ▼ -86.7% |
| 2017 | 0.79x | $682.13 Million | $860.14 Million | $355.85 Million | ▼ -1.3% |
| 2016 | 0.80x | $804.34 Million | $1.00 Billion | $750.07 Million | ▼ -17.8% |
| 2015 | 0.98x | $657.65 Million | $672.15 Million | $475.82 Million | ▲ +64.8% |
| 2014 | 0.59x | $673.93 Million | $1.14 Billion | $645.97 Million | ▼ -45.0% |
| 2013 | 1.08x | $1.12 Billion | $1.04 Billion | $394.83 Million | ▲ +88.3% |
| 2012 | 0.57x | $473.30 Million | $825.05 Million | $446.02 Million | ▲ +15.3% |
| 2011 | 0.50x | $349.60 Million | $702.50 Million | $349.60 Million | ▼ -38.8% |
| 2010 | 0.81x | $627.38 Million | $771.09 Million | $474.98 Million | ▼ -24.4% |
| 2009 | 1.08x | $681.87 Million | $633.58 Million | $681.87 Million | ▲ +5.7% |
| 2008 | 1.02x | $832.89 Million | $817.81 Million | $832.89 Million | ▼ -76.6% |
| 2007 | 4.36x | $3.04 Billion | $697.33 Million | $3.04 Billion | ▲ +108.9% |
| 2006 | 2.09x | $1.72 Billion | $824.67 Million | $1.72 Billion | ▲ +66.1% |
| 2005 | 1.26x | $957.81 Million | $762.68 Million | $957.81 Million | ▲ +607.8% |
| 2004 | 0.18x | $117.94 Million | $664.69 Million | $117.94 Million | ▼ -22.2% |
| 2003 | 0.23x | $120.59 Million | $528.95 Million | $120.59 Million | ▲ +18.7% |
| 2002 | 0.19x | $96.02 Million | $499.82 Million | $96.02 Million | ▲ +11.0% |
| 2001 | 0.17x | $67.09 Million | $387.69 Million | $67.09 Million | ▼ -88.4% |
| 2000 | 1.49x | $371.64 Million | $249.92 Million | $371.64 Million | ▼ -33.5% |
| 1999 | 2.24x | $395.80 Million | $176.90 Million | $395.80 Million | ▼ -56.1% |
| 1998 | 5.09x | $964.90 Million | $189.40 Million | $964.90 Million | ▼ -38.1% |
| 1997 | 8.22x | $911.20 Million | $110.80 Million | $911.20 Million | ▲ +3828.5% |
| 1996 | 0.21x | $14.80 Million | $70.70 Million | $14.80 Million | ▼ -20.7% |
| 1995 | 0.26x | $16.60 Million | $62.90 Million | $16.60 Million | ▼ -51.3% |
| 1994 | 0.54x | $25.40 Million | $46.90 Million | $25.40 Million | ▼ -45.0% |
| 1993 | 0.99x | $27.00 Million | $27.40 Million | $27.00 Million | ▲ +39.9% |
| 1992 | 0.70x | $11.20 Million | $15.90 Million | $11.20 Million | ▲ +231.2% |
| 1991 | 0.21x | $7.70 Million | $36.20 Million | $7.70 Million | ▼ -99.0% |
| 1990 | 21.33x | $38.40 Million | $1.80 Million | $38.40 Million | — |