• Vornado Realty Trust average pre-tax profit margin for 2023 was -15.43%, a 445.96% decline from 2022.
• Vornado Realty Trust average pre-tax profit margin for 2022 was 4.46%, a 240.69% decline from 2021.
• Vornado Realty Trust average pre-tax profit margin for 2021 was -3.17%, a 108.19% decline from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.