Rayonier REIT (RYN) vs Vornado Realty (VNO)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Vornado Realty (VNO) has outperformed Rayonier REIT (RYN) over the past year, losing 16.7% versus a loss of 31.7%. Over five years, VNO leads with a -25.1% price change compared with -51.6% for RYN. Vornado Realty is the larger company by market cap ($6.69 billion vs $5.38 billion), about 1.2 times the size.
On valuation, Rayonier REIT trades at a lower forward P/E (28.8x vs 109.0x for Vornado Realty). Rayonier REIT offers the higher dividend yield (5.92% vs 2.19%). Rayonier REIT converts more of its revenue into profit, with a net margin of 97.9% versus 50.0%.
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 | RYN | VNO |
|---|---|---|
| Share price | $17.99 | $33.78 |
| Market cap | $5.38B | $6.69B |
| 1-day change | -0.55% | +0.78% |
| YTD return | -16.91% | +1.50% |
| 1-year return | -31.73% | -16.70% |
| 5-year return | -51.60% | -25.13% |
| P/E ratio (TTM) | 39.11 | 844.50 |
| Forward P/E | 28.82 | 108.97 |
| EPS (TTM) | $0.46 | $0.04 |
| Dividend yield | 5.92% | 2.19% |
| Annual dividend | $1.07 | $0.74 |
| Revenue (latest FY) | $484.49M | $1.81B |
| Revenue growth (YoY) | -50.96% | +1.27% |
| Net income (latest FY) | $474.38M | $904.96M |
| Gross margin | 32.46% | — |
| Operating margin | 17.20% | — |
| Net margin | 97.91% | 49.99% |
| 52-week high | $26.75 | $41.60 |
| 52-week low | $17.71 | $24.57 |
| Distance from 52-week high | -32.75% | -18.80% |
| Analyst consensus | buy | hold |
| Avg. price target upside | +40.80% | +18.18% |
| Average volume | 3.21M | 1.45M |
| Shares outstanding | 297.57M | 186.72M |
| Employees | 285 | 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
- VNO has outperformed RYN by 15.0 percentage points over the past year.
- Vornado Realty trades at a higher earnings multiple (844.5x vs 39.1x trailing P/E).
- Rayonier REIT offers a meaningfully higher dividend yield (5.92% vs 2.19%).
- Rayonier REIT is more profitable, keeping 97.9 cents of every revenue dollar as net income versus 50.0 cents for Vornado Realty.
- Vornado Realty grew revenue faster in its latest fiscal year (+1.27% vs -50.96%).
About Rayonier REIT
RYN stock →Rayonier Inc. is a land resources real estate investment trust (REIT) with a portfolio comprising over four million acres in the U.S.
Real Estate · Real Estate Investment Trusts · 285 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
RYN vs VNO FAQ
Which is bigger, Rayonier REIT or Vornado Realty?
Vornado Realty (VNO) is larger, with a market capitalization of $6.69B compared with $5.38B for Rayonier REIT (RYN).
Which stock has performed better over the past year, RYN or VNO?
VNO returned -16.70% over the past 12 months, compared with -31.73% for RYN (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, RYN or VNO?
RYN has the lower trailing P/E at 39.1, versus 844.5 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, Rayonier REIT or Vornado Realty?
Rayonier REIT has the higher yield at 5.92%, compared with 2.19% for Vornado Realty.
Are Rayonier REIT and Vornado Realty in the same industry?
Yes. Both are classified in the Real Estate Investment Trusts industry within the Real Estate sector.