$Vornado Realty Trust (VNO.US)$Revenue has been shrinking si...

逍遥投资派 commented on a stock · Sep 13, 2023 00:29

$Vornado Realty Trust (VNO.US)$Revenue has been shrinking since 2019, only beginning to recover in 2021. Operating profit has been declining for three consecutive years since 2018, with recovery in the past two years, but still only at 47% of 2018 in 2022. Net income suffered losses in 2020 and 2022 due to asset sale gains.

In the first half of 2023, revenue increased by 2.5%, operating profit increased by 16.6%, while net income shrank by 40% due to the decline in asset sale gains.

Currently, both the PE and trailing PE are in a loss state. If calculated based on a 5-year average net income of 0.62 billion, the PE ratio is 7.7, dividend yield is 5.7%, PB ratio is 1.1. The current valuation is not very attractive.

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逍遥投资派

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