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. Check cash flow quality index of Vornado Realty Trust to evaluate the quality of earnings relative to operating cash generation.
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. Explore investment intensity of Vornado Realty Trust to see how much of total assets are deployed in long-term investments.
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 how much is Vornado Realty Trust worth.
| 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 | — |