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. See VNO cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
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. For the full cash flow conversion analysis, see how efficiently does Vornado Realty Trust generate cash.
Annual Cash Flow Reinvestment Rate for Vornado Realty Trust (1990–2024)
Year-by-year capital reinvestment analysis for Vornado Realty Trust. See VNO financial flexibility score to measure the company's free cash flow as a share of total liabilities.
| 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 | — |