• Vornado Realty Trust average return on tangible equity for 2023 was -5, a 1685.71% decline from 2022.
• Vornado Realty Trust average return on tangible equity for 2022 was -0.28, a 83.72% increase from 2021.
• Vornado Realty Trust average return on tangible equity for 2021 was -1.72, a 117.39% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.