Vornado Realty Trust (VNO) — Free Cash Flow Generation Index
Vornado Realty Trust (VNO) has a Free Cash Flow Generation Index of 1.00x as of September 2025. Free cash flow of $33.17 Million represents 1% of operating cash flow ($33.17 Million). Explore VNO capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Vornado Realty Trust Free Cash Flow Generation Index (1990–2024)
Historical FCF Generation Index trend for Vornado Realty Trust across 35 annual periods. For the full cash flow conversion analysis, see Vornado Realty Trust cash flow conversion.
Annual Free Cash Flow Generation for Vornado Realty Trust (1990–2024)
Year-by-year Free Cash Flow Generation Index for Vornado Realty Trust. Check Vornado Realty Trust (VNO) total reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2024 | 1.00x | $537.72 Million | $537.72 Million | $465.61 Million | ▲ +0.0% |
| 2023 | 1.00x | $648.15 Million | $648.15 Million | $33.15 Million | ▲ +0.0% |
| 2022 | 1.00x | $798.94 Million | $798.94 Million | $900.79 Million | ▲ +0.0% |
| 2021 | 1.00x | $761.81 Million | $761.81 Million | $738.40 Million | ▲ +1353.4% |
| 2020 | 0.07x | $29.19 Million | $424.24 Million | $395.05 Million | ▼ -79.6% |
| 2019 | 0.34x | $223.60 Million | $662.54 Million | $438.94 Million | ▼ -62.8% |
| 2018 | 0.91x | $728.03 Million | $802.64 Million | $74.61 Million | ▲ +54.7% |
| 2017 | 0.59x | $504.29 Million | $860.14 Million | $355.85 Million | ▲ +134.1% |
| 2016 | 0.25x | $250.59 Million | $1.00 Billion | $750.07 Million | ▼ -14.3% |
| 2015 | 0.29x | $196.33 Million | $672.15 Million | $475.82 Million | ▼ -70.8% |
| 2014 | 1.00x | $1.14 Billion | $1.14 Billion | $645.97 Million | ▼ -27.5% |
| 2013 | 1.38x | $1.44 Billion | $1.04 Billion | $394.83 Million | ▲ +200.3% |
| 2012 | 0.46x | $379.02 Million | $825.05 Million | $446.02 Million | ▼ -8.5% |
| 2011 | 0.50x | $352.89 Million | $702.50 Million | $349.60 Million | ▲ +30.8% |
| 2010 | 0.38x | $296.10 Million | $771.09 Million | $474.98 Million | ▲ +603.8% |
| 2009 | -0.08x | $-48.30 Million | $633.58 Million | $681.87 Million | ▼ -313.4% |
| 2008 | -0.02x | $-15.08 Million | $817.81 Million | $832.89 Million | ▲ +99.5% |
| 2007 | -3.36x | $-2.34 Billion | $697.33 Million | $3.04 Billion | ▼ -209.1% |
| 2006 | -1.09x | $-895.98 Million | $824.67 Million | $1.72 Billion | ▼ -324.6% |
| 2005 | -0.26x | $-195.13 Million | $762.68 Million | $957.81 Million | ▼ -131.1% |
| 2004 | 0.82x | $546.75 Million | $664.69 Million | $117.94 Million | ▲ +6.5% |
| 2003 | 0.77x | $408.36 Million | $528.95 Million | $120.59 Million | ▼ -4.4% |
| 2002 | 0.81x | $403.81 Million | $499.82 Million | $96.02 Million | ▼ -2.3% |
| 2001 | 0.83x | $320.60 Million | $387.69 Million | $67.09 Million | ▲ +269.8% |
| 2000 | -0.49x | $-121.72 Million | $249.92 Million | $371.64 Million | ▲ +60.6% |
| 1999 | -1.24x | $-218.90 Million | $176.90 Million | $395.80 Million | ▲ +69.8% |
| 1998 | -4.09x | $-775.50 Million | $189.40 Million | $964.90 Million | ▲ +43.3% |
| 1997 | -7.22x | $-800.40 Million | $110.80 Million | $911.20 Million | ▼ -1013.6% |
| 1996 | 0.79x | $55.90 Million | $70.70 Million | $14.80 Million | ▲ +7.4% |
| 1995 | 0.74x | $46.30 Million | $62.90 Million | $16.60 Million | ▲ +60.6% |
| 1994 | 0.46x | $21.50 Million | $46.90 Million | $25.40 Million | ▲ +3040.2% |
| 1993 | 0.01x | $400.00K | $27.40 Million | $27.00 Million | ▼ -95.1% |
| 1992 | 0.30x | $4.70 Million | $15.90 Million | $11.20 Million | ▼ -62.5% |
| 1991 | 0.79x | $28.50 Million | $36.20 Million | $7.70 Million | ▲ +103.9% |
| 1990 | -20.33x | $-36.60 Million | $1.80 Million | $38.40 Million | — |