VNO-PL

Value Q3, 24Q4, 24Q1, 25Q2, 25Q3, 25Q4, 25 TTM Total common shares outstanding 190.65 M190.85 M191.95 M192.04 M192.05 M190.67 M 766.71 M Enterprise value —————— — Price to earnings ratio -64.943832.444.234.244.21 45.12 Price to sales ratio 2.041.931.821.871.961.96 7.61 Price to cash flow ratio 6.676.415.892.452.712.82 13.88 Price to book ratio 0.210.870.20.20.20.74 1.33 Enterprise value to EBITDA ratio —————— — Return on assets % 000.010.0500 0.06 Return on equity % 000.020.1200 0.15 Return on invested capital % —————— — Gross margin % 100100100100100100 400 Operating margin % 11.415.1118.0114.210.3614.51 57.09 EBITDA margin % —————— — Net margin % 0.822.0722.18172.025.983.55 203.73 Quick ratio —————— — Current ratio —————— — Inventory turnover —————— — Asset turnover 0.030.030.030.030.030.03 0.12 Debt to assets ratio —————— — Debt to equity ratio —————— — Long term debt to total assets ratio 0.160.160.140.140.140.15 0.56 Long term debt to total equity ratio 0.490.50.40.350.370.38 1.5 Operating cash flow per share 0.551.050.265.110.170.73 6.26 EBIT per share —————— — EBITDA per share —————— — Total debt per share —————— — Cash per share 4.113.732.835.995.054.18 18.05 Net current asset value per share 4.113.732.835.995.054.18 18.05 Tangible book value per share 20.8619.622023.8523.8423.35 91.04 Working capital per share —————— — Book value per share 21.4920.2220.5824.4224.423.9 93.3