NNN REIT (NNN) vs Vornado Realty (VNO)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
NNN REIT (NNN) has outperformed Vornado Realty (VNO) over the past year, losing 4.1% versus a loss of 16.1%. Over five years, NNN leads with a -12.4% price change compared with -25.1% for VNO. NNN REIT is the larger company by market cap ($7.66 billion vs $6.70 billion), about 1.1 times the size.
On valuation, NNN REIT trades at a lower forward P/E (19.2x vs 109.1x for Vornado Realty). NNN REIT offers the higher dividend yield (5.96% vs 2.19%). Vornado Realty converts more of its revenue into profit, with a net margin of 50.0% versus 42.1%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | NNN | VNO |
|---|---|---|
| Share price | $40.27 | $33.81 |
| Market cap | $7.66B | $6.70B |
| 1-day change | +1.08% | +0.09% |
| YTD return | +1.61% | +1.59% |
| 1-year return | -4.14% | -16.10% |
| 5-year return | -12.40% | -25.07% |
| P/E ratio (TTM) | 19.94 | 845.25 |
| Forward P/E | 19.22 | 109.06 |
| EPS (TTM) | $2.02 | $0.04 |
| Dividend yield | 5.96% | 2.19% |
| Annual dividend | $2.40 | $0.74 |
| Revenue (latest FY) | $926.21M | $1.81B |
| Revenue growth (YoY) | +6.55% | +1.27% |
| Net income (latest FY) | $389.78M | $904.96M |
| Operating margin | 63.64% | — |
| Net margin | 42.08% | 49.99% |
| 52-week high | $50.00 | $41.60 |
| 52-week low | $38.90 | $24.57 |
| Distance from 52-week high | -19.46% | -18.73% |
| Analyst consensus | hold | hold |
| Avg. price target upside | +17.33% | +18.07% |
| Average volume | 1.73M | 1.44M |
| Shares outstanding | 190.25M | 186.72M |
| Employees | 85 | 3,145 |
| Sector | Real Estate | Real Estate |
| Industry | Real Estate Investment Trusts | Real Estate Investment Trusts |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- NNN has outperformed VNO by 12.0 percentage points over the past year.
- Vornado Realty trades at a higher earnings multiple (845.3x vs 19.9x trailing P/E).
- NNN REIT offers a meaningfully higher dividend yield (5.96% vs 2.19%).
- Vornado Realty is more profitable, keeping 50.0 cents of every revenue dollar as net income versus 42.1 cents for NNN REIT.
- NNN REIT grew revenue faster in its latest fiscal year (+6.55% vs +1.27%).
About NNN REIT
NNN stock →NNN REIT, Inc. is a REIT that invests in high-quality properties subjected generally to long-term, net leases with minimal ongoing capital expenditures.
Real Estate · Real Estate Investment Trusts · 85 employees
About Vornado Realty
VNO stock →Vornado Realty Trust is a fully integrated real estate investment trust with a 26 million square-foot portfolio of premier New York City office, retail and multifamily assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns premier assets in both Chicago and San Francisco.
Real Estate · Real Estate Investment Trusts · 3,145 employees
NNN vs VNO FAQ
Which is bigger, NNN REIT or Vornado Realty?
NNN REIT (NNN) is larger, with a market capitalization of $7.66B compared with $6.70B for Vornado Realty (VNO).
Which stock has performed better over the past year, NNN or VNO?
NNN returned -4.14% over the past 12 months, compared with -16.10% for VNO (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, NNN or VNO?
NNN has the lower trailing P/E at 19.9, versus 845.3 for VNO. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, NNN REIT or Vornado Realty?
NNN REIT has the higher yield at 5.96%, compared with 2.19% for Vornado Realty.
Are NNN REIT and Vornado Realty in the same industry?
Yes. Both are classified in the Real Estate Investment Trusts industry within the Real Estate sector.