Vornado Realty Trust (VNO) — Tangible Net Worth Ratio
Vornado Realty Trust (VNO) has a Tangible Net Worth Ratio of 98.4% as of September 2025. This metric is calculated by deducting intangible assets ($112.46 Million) from net assets ($7.02 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See Vornado Realty Trust (VNO) shareholders funds for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Vornado Realty Trust Tangible Net Worth Ratio (1990–2024)
This chart shows how Vornado Realty Trust's Tangible Net Worth Ratio has changed across 34 annual periods from 1990 to 2024. As of September 2025, the ratio stands at 98.4%, reflecting net assets of $7.02 Billion with intangible assets of $112.46 Million USD. Also explore Vornado Realty Trust annual equity growth to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Vornado Realty Trust (1990–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Vornado Realty Trust from 1990 to 2024, covering 34 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see VNO market cap.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 98.1% | $6.17 Billion | $118.22 Million | $16.00 Billion | ▲ +0.1 pp |
| 2023 | 98.0% | $6.34 Billion | $127.08 Million | $16.19 Billion | ▲ +0.1 pp |
| 2022 | 97.9% | $6.51 Billion | $139.64 Million | $16.49 Billion | ▲ +0.0 pp |
| 2021 | 97.8% | $7.20 Billion | $154.90 Million | $17.27 Billion | ▼ -1.8 pp |
| 2020 | 99.7% | $7.55 Billion | $23.86 Million | $16.22 Billion | ▲ +0.1 pp |
| 2019 | 99.6% | $8.20 Billion | $30.96 Million | $18.29 Billion | ▲ +1.9 pp |
| 2018 | 97.7% | $5.89 Billion | $136.78 Million | $17.18 Billion | ▲ +0.3 pp |
| 2017 | 97.3% | $5.99 Billion | $159.26 Million | $17.40 Billion | ▼ -0.5 pp |
| 2016 | 97.8% | $8.90 Billion | $192.73 Million | $20.81 Billion | ▲ +0.5 pp |
| 2015 | 97.4% | $8.71 Billion | $227.90 Million | $21.14 Billion | ▲ +0.5 pp |
| 2014 | 96.9% | $8.83 Billion | $276.24 Million | $21.25 Billion | ▲ +0.6 pp |
| 2013 | 96.2% | $8.60 Billion | $323.32 Million | $20.10 Billion | ▲ +0.4 pp |
| 2012 | 95.8% | $8.85 Billion | $370.60 Million | $21.97 Billion | ▼ -0.5 pp |
| 2011 | 96.3% | $8.67 Billion | $319.70 Million | $20.45 Billion | ▲ +0.6 pp |
| 2010 | 95.7% | $8.16 Billion | $348.75 Million | $20.52 Billion | ▲ +1.3 pp |
| 2009 | 94.4% | $7.90 Billion | $442.51 Million | $20.19 Billion | ▲ +1.6 pp |
| 2008 | 92.8% | $7.26 Billion | $522.72 Million | $21.42 Billion | ▲ +0.8 pp |
| 2007 | 92.0% | $7.61 Billion | $608.51 Million | $22.48 Billion | ▼ -3.7 pp |
| 2006 | 95.7% | $7.28 Billion | $311.53 Million | $17.95 Billion | ▼ -1.1 pp |
| 2005 | 96.8% | $6.52 Billion | $208.14 Million | $13.64 Billion | ▼ -0.1 pp |
| 2004 | 96.9% | $5.96 Billion | $186.74 Million | $11.58 Billion | ▼ -0.9 pp |
| 2003 | 97.8% | $5.00 Billion | $109.63 Million | $9.52 Billion | ▼ -2.2 pp |
| 2002 | 100.0% | $4.66 Billion | $0.00 | $9.02 Billion | ▲ +0.0 pp |
| 2001 | 100.0% | $4.05 Billion | $0.00 | $6.78 Billion | ▲ +0.0 pp |
| 2000 | 100.0% | $3.53 Billion | $0.00 | $6.37 Billion | ▲ +0.0 pp |
| 1999 | 100.0% | $3.28 Billion | $0.00 | $5.48 Billion | ▲ +0.0 pp |
| 1998 | 100.0% | $2.22 Billion | $0.00 | $4.43 Billion | ▲ +0.0 pp |
| 1997 | 100.0% | $1.49 Billion | $0.00 | $2.52 Billion | ▲ +0.0 pp |
| 1996 | 100.0% | $276.30 Million | $0.00 | $565.20 Million | ▲ +0.0 pp |
| 1995 | 100.0% | $194.30 Million | $0.00 | $491.50 Million | ▲ +0.0 pp |
| 1994 | 100.0% | $125.10 Million | $0.00 | $393.50 Million | ▲ +0.0 pp |
| 1993 | 100.0% | $150.80 Million | $0.00 | $385.80 Million | ▲ +0.0 pp |
| 1991 | 100.0% | $47.80 Million | $0.00 | $393.40 Million | ▲ +0.0 pp |
| 1990 | 100.0% | $30.40 Million | $0.00 | $387.90 Million | — |