Vornado Realty Trust (VNO) Spending and interest coverage
- R&D / revenue · 12 months: Value (m); Formula and calculation Research and development expense / revenue. Period ending 2026-06-30..
- Stock-based compensation / revenue · 12 months: Value 1.39%; Formula and calculation Share-based compensation / revenue. Period ending 2026-06-30..
- Interest coverage · 12 months: Value (m); Formula and calculation Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified..
Spending and interest coverage
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| R&D / revenue · 12 months | (m) | Research and development expense / revenue. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Stock-based compensation / revenue · 12 months | 1.39% | Share-based compensation / revenue. Period ending 2026-06-30. $25.40M ÷ $1.83B × 100 ≈ 1.39% |
| Interest coverage · 12 months | (m) | Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified. Calculation unavailable: missing inputs remain (m). |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Research and development spending | (m) | |
| Revenue | 1.83B USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Stock-based compensation | 25.40M USD | Share-based Payment Arrangement, Noncash Expense |
| Operating income | (m) | Operating Income (Loss) |
| Interest expense · reported / estimated | (m) | · Estimated expense assumptions |
Latest interest expense basis: (m). Estimated values carry *; expand each history row’s basis for its dated balances and rate assumptions.
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Research and development spending (USD) | Revenue (USD) | Stock-based compensation (USD) | Operating income (USD) | Interest expense · reported / estimated (USD) | R&D / revenue | SBC / revenue | Interest coverage | Interest expense basis |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | (m) | $1.83B | $25.40M | (m) | (m) | (m) | 1.39% | (m) | (m) |
| 2026-03-31 | (m) | $1.81B | $25.11M | (m) | (m) | (m) | 1.39% | (m) | (m) |
| 2025-12-31 | (m) | $1.81B | $25.48M | (m) | (m) | (m) | 1.41% | (m) | (m) |
| 2025-09-30 | (m) | $1.81B | $26.47M | (m) | (m) | (m) | 1.46% | (m) | (m) |
| 2025-06-30 | (m) | $1.80B | $27.44M | (m) | (m) | (m) | 1.52% | (m) | (m) |
| 2025-03-31 | (m) | $1.81B | $28.68M | (m) | (m) | (m) | 1.58% | (m) | (m) |
| 2024-12-31 | (m) | $1.79B | $30.17M | (m) | (m) | (m) | 1.69% | (m) | (m) |
| 2024-09-30 | (m) | $1.77B | $32.77M | (m) | (m) | (m) | 1.85% | (m) | (m) |
| 2024-06-30 | (m) | $1.78B | $35.89M | (m) | (m) | (m) | 2.02% | (m) | (m) |
| 2024-03-31 | (m) | $1.80B | $39.01M | (m) | (m) | (m) | 2.17% | (m) | (m) |
| 2023-12-31 | (m) | $1.81B | $43.20M | (m) | (m) | (m) | 2.39% | (m) | (m) |
| 2023-09-30 | (m) | $1.82B | $39.61M | (m) | (m) | (m) | 2.18% | (m) | (m) |
| 2023-06-30 | (m) | $1.82B | $33.83M | (m) | (m) | (m) | 1.86% | (m) | (m) |
| 2023-03-31 | (m) | $1.80B | $27.81M | (m) | (m) | (m) | 1.54% | (m) | (m) |
| 2022-12-31 | (m) | $1.80B | $29.25M | (m) | (m) | (m) | 1.62% | (m) | (m) |
| 2022-09-30 | (m) | $1.77B | $28.33M | (m) | (m) | (m) | 1.60% | (m) | (m) |
| 2022-06-30 | (m) | $1.73B | $29.95M | (m) | (m) | (m) | 1.74% | (m) | (m) |
| 2022-03-31 | (m) | $1.65B | $30.26M | (m) | (m) | (m) | 1.83% | (m) | (m) |
| 2021-12-31 | (m) | $1.59B | $38.33M | (m) | (m) | (m) | 2.41% | (m) | (m) |
| 2021-09-30 | (m) | $1.54B | $41.93M | (m) | (m) | (m) | 2.71% | (m) | (m) |
| 2021-06-30 | (m) | $1.50B | $42.59M | (m) | (m) | (m) | 2.84% | (m) | (m) |
| 2021-03-31 | (m) | $1.46B | $44.14M | (m) | (m) | (m) | 3.02% | (m) | (m) |
| 2020-12-31 | (m) | $1.53B | $48.68M | (m) | (m) | (m) | 3.19% | (m) | (m) |
| 2020-09-30 | (m) | $1.61B | $45.50M | (m) | (m) | (m) | 2.82% | (m) | (m) |
| 2020-06-30 | (m) | $1.71B | $45.20M | (m) | (m) | (m) | 2.64% | (m) | (m) |
| 2020-03-31 | (m) | $1.83B | $48.02M | (m) | (m) | (m) | 2.62% | (m) | (m) |
| 2019-12-31 | (m) | $1.92B | $53.91M | (m) | (m) | (m) | 2.80% | (m) | (m) |
| 2019-09-30 | (m) | $2.01B | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2019-06-30 | (m) | $2.08B | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2019-03-31 | (m) | $2.16B | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2018-12-31 | (m) | $2.16B | (m) | $582.96M | (m) | (m) | (m) | (m) | (m) |
| 2018-09-30 | (m) | (m) | (m) | $606.74M | (m) | (m) | (m) | (m) | (m) |
| 2018-06-30 | (m) | (m) | (m) | $612.01M | (m) | (m) | (m) | (m) | (m) |
| 2018-03-31 | (m) | (m) | (m) | $609.32M | (m) | (m) | (m) | (m) | (m) |
| 2017-12-31 | (m) | (m) | (m) | $607.37M | (m) | (m) | (m) | (m) | (m) |
| 2017-09-30 | (m) | (m) | (m) | $571.10M | (m) | (m) | (m) | (m) | (m) |
| 2017-06-30 | (m) | (m) | (m) | $704.12M | (m) | (m) | (m) | (m) | (m) |
| 2017-03-31 | (m) | (m) | (m) | $707.54M | (m) | (m) | (m) | (m) | (m) |
| 2016-12-31 | (m) | (m) | (m) | $550.79M | (m) | (m) | (m) | (m) | (m) |
| 2016-09-30 | (m) | (m) | (m) | $583.39M | (m) | (m) | (m) | (m) | (m) |
| 2016-06-30 | (m) | (m) | (m) | $585.68M | (m) | (m) | (m) | (m) | (m) |
| 2016-03-31 | (m) | (m) | (m) | $592.25M | (m) | (m) | (m) | (m) | (m) |
| 2015-12-31 | (m) | (m) | (m) | $760.25M | (m) | (m) | (m) | (m) | (m) |
| 2015-09-30 | (m) | (m) | (m) | $725.79M | (m) | (m) | (m) | (m) | (m) |
| 2015-06-30 | (m) | (m) | (m) | $716.49M | (m) | (m) | (m) | (m) | (m) |
| 2015-03-31 | (m) | (m) | (m) | $838.12M | (m) | (m) | (m) | (m) | (m) |
| 2014-12-31 | (m) | (m) | (m) | $815.64M | (m) | (m) | (m) | (m) | (m) |
| 2014-09-30 | (m) | (m) | (m) | $792.72M | (m) | (m) | (m) | (m) | (m) |
| 2014-06-30 | (m) | (m) | (m) | $806.95M | (m) | (m) | (m) | (m) | (m) |
| 2014-03-31 | (m) | (m) | (m) | $789.53M | (m) | (m) | (m) | (m) | (m) |
| 2013-12-31 | (m) | (m) | (m) | $874.19M | (m) | (m) | (m) | (m) | (m) |
| 2013-09-30 | (m) | (m) | (m) | $801.04M | (m) | (m) | (m) | (m) | (m) |
| 2013-06-30 | (m) | (m) | (m) | $760.54M | (m) | (m) | (m) | (m) | (m) |
| 2013-03-31 | (m) | (m) | (m) | $746.95M | (m) | (m) | (m) | (m) | (m) |
| 2012-12-31 | (m) | (m) | (m) | $677.63M | (m) | (m) | (m) | (m) | (m) |
| 2012-09-30 | (m) | (m) | (m) | $825.40M | (m) | (m) | (m) | (m) | (m) |
| 2012-06-30 | (m) | (m) | (m) | $842.93M | (m) | (m) | (m) | (m) | (m) |
| 2012-03-31 | (m) | (m) | (m) | $862.83M | (m) | (m) | (m) | (m) | (m) |
| 2011-12-31 | (m) | (m) | (m) | $856.15M | (m) | (m) | (m) | (m) | (m) |
| 2011-09-30 | (m) | (m) | (m) | $779.37M | (m) | (m) | (m) | (m) | (m) |
| 2011-06-30 | (m) | (m) | (m) | $781.84M | (m) | (m) | (m) | (m) | (m) |
| 2011-03-31 | (m) | (m) | (m) | $776.22M | (m) | (m) | (m) | (m) | (m) |
| 2010-12-31 | (m) | (m) | (m) | $805.86M | (m) | (m) | (m) | (m) | (m) |
| 2010-09-30 | (m) | (m) | (m) | $858.31M | (m) | (m) | (m) | (m) | (m) |
| 2010-06-30 | (m) | (m) | (m) | $853.14M | (m) | (m) | (m) | (m) | (m) |
| 2010-03-31 | (m) | (m) | (m) | $829.50M | (m) | (m) | (m) | (m) | (m) |
| 2009-12-31 | (m) | (m) | (m) | $795.78M | (m) | (m) | (m) | (m) | (m) |
| 2009-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-12-31 | (m) | (m) | (m) | $810.95M | (m) | (m) | (m) | (m) | (m) |
| 2008-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2007-12-31 | (m) | (m) | (m) | $815.13M | (m) | (m) | (m) | (m) | (m) |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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