COMP <GO>
VNO vs RYN // OPTIONS IMPLIED MOVE & PUT/CALL SKEW
Vornado Realty Trust (NYSE) VS. Rayonier Inc. (NYSE) • 15-METRIC TALLY: VNO 8
— RYN 4
■ METRIC PARITY
LAST: $33.87 (-3.15%) • MKT CAP: $6.53B
options-implied-move
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LAST: $19.62 (-2.73%) • MKT CAP: $6.00B
options-implied-move
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (VNO VS. RYN)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | VNO | RYN | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 10.30% | 3.00% | +7.30 | VNO | /roic <GO> |
| EV/EBITDA & P/E Valuation | 7.7x | 56.0x | -48.30 | VNO | /valuation <GO> |
| Free Cash Flow Yield | 17.91% | 4.12% | +13.79 | VNO | /fcf-yield <GO> |
| Operating Margin | 63.10% | 17.30% | +45.80 | VNO | /operating-margins <GO> |
| Net Profit Margin | 51.80% | 68.00% | -16.20 | RYN | /net-margins <GO> |
| Revenue Growth (YoY) | 1.30% | -51.00% | +52.30 | VNO | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 2.15% | 5.13% | -2.98 | RYN | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 8/9 | 6/9 | +2.00 | VNO | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew ACTIVE | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 54.3 | 64.4 | -10.10 | RYN | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.03 | 1.09 | -0.06 | RYN | /macro-sensitivity <GO> |
| Forward P/E Multiple | 6.5x | 11.2x | -4.70 | VNO | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $6.53B | $6.00B | $527.7M | VNO | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | VNO REV | RYN REV | VNO GROSS % | RYN GROSS % | VNO FCF | RYN FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $1.81B | $483.0M | — | 32.3% | $1.18B | $234.9M |
| FY 2024 | $1.79B | $986.4M | — | 44.5% | $457.3M | $217.2M |
| FY 2023 | $1.81B | $787.0M | — | — | $566.6M | $263.0M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
VNO // BETA 1.03
RYN // BETA 1.09