$Vornado Realty Trust (VNO.US)$Revenue began to shrink in 20...
$Vornado Realty Trust(VNO.US$Revenue began to shrink in 2019 and only began to improve in 2021. Operating profit shrank continuously for 3 years in 2018 and began to recover in the past two years, but 2022 was still only 47% of 2018, and net profit lost in 2020 and 2022 due to asset sales proceeds.
In the first half of 2023, revenue increased 2.5%, operating profit increased 16.6%, and net profit shrank 40% due to the decline in asset sales revenue.
Currently, the price-earnings ratio and price-earnings ratio TTM are both in loss. If you calculate the 5-year average net profit of 620 million, the price-earnings ratio is 7.7, the dividend ratio is 5.7%, and the net price-earnings ratio is 1.1. Currently, the valuation is not very attractive.
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