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VNO

Vornado Realty Trust
$
37.810
+0.99(2.689%)1D
  • Overview
  • Forecast
  • Valuation
  • Earnings
Line
Line
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Candle
Candle
1D
5D
1M
3M
6M
YTD
1Y
5Y
High
37.930
Open
37.000
VWAP
37.75
Vol
1.39M
Mkt Cap
4.88B
Low
36.860
Amount
52.45M
EV/EBITDA(TTM)
60.35
Total Shares
190.48M
EV
17.09B
EV/OCF(TTM)
30.61
P/S(TTM)
4.39
Vornado Realty Trust is a fully-integrated real estate investment trust (REIT). The Company conducts its business through, and substantially all its interests in properties are held by, Vornado Realty L.P. Its portfolio is concentrated on premier office and high street retail properties in New York City. Its segments include New York and Other. Its New York segment consisted of approximately 26.4 million square feet in 64 properties. The 26.4 million square feet comprises over 20.1 million square feet of Manhattan office in 30 of the properties, 2.4 million square feet of Manhattan street retail in 49 of the properties, 1,330 units in two residential properties, and its 32.4% interest in Alexander’s, which owns five properties in the greater New York metropolitan area. It also includes nine garages totalling over 1.6 million square feet (4,685 spaces). Its Real Estate and Investments consists of over 3.7 million square foot THE MART in Chicago.
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Market Estimates

Earnings Estimates
Revenue
YoY Chg
EPS
YoYChg
FY2025Q2
FY2025Q3
FY2025Q4
468.79M
+4.11%
--
--
469.46M
+5.91%
--
--
471.11M
+2.91%
--
--
Estimates Revision
The market is revising Upward the revenue expectations for Vornado Realty Trust (VNO) for FY2025, with the revenue forecasts being adjusted by 1.45% over the past three months. During the same period, the stock price has changed by -3.40%.
Revenue Estimates for FY2025
Revise Upward
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+1.45%
In Past 3 Month
Stock Price
Go Down
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-3.40%
In Past 3 Month
11 Analyst Rating
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2.91% Upside
Wall Street analysts forecast VNO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VNO is 38.91 USD with a low forecast of 28.00 USD and a high forecast of 46.00  USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Buy
6 Hold
3 Sell
Hold
up Image
2.91% Upside
Current: 37.810
sliders
Low
28.00
Averages
38.91
High
46.00
Mizuho
Outperform -> NULL
downgrade
$48 -> $43
2025-07-14
Reason
Mizuho lowered the firm's price target on Vornado to $43 from $48 and keeps an Outperform rating on the shares. Heading into the Q2 reports the firm remains neutral on office names. It sees a "high bar" given the share outperformance over the last three months. Risk premiums "now screen rich," the analyst tells investors in a research note.
Scotiabank
Sector Perform
maintain
$42 -> $45
2025-07-14
Reason
Scotiabank raised the firm's price target on Vornado to $45 from $42 and keeps a Sector Perform rating on the shares. The firm is updating its price targets for U.S. Real Estate & REITs stocks under its coverage ahead of the Q2 earnings season, the analyst tells investors. The firm is adjusting its estimates to reflect modest tweaks to occupancy and interest expense assumptions.
Truist
Hold
maintain
$37 -> $38
2025-06-03
Reason
Truist raised the firm's price target on Vornado to $38 from $37 and keeps a Hold rating on the shares. The firm notes that the REIT's NYU lease at 770 Broadway was a big step to start occupancy moving in the right direction, while leasing at PENN 2 should drive additional improvement, the analyst tells investors in a research note. Truist still warns however that Vornado has above-average financial leverage and by far the highest earnings multiple in its office coverage universe, due in part to significant non-income-producing land/development opportunities.
Piper Sandler
Neutral
maintain
$38 -> $39
2025-05-23
Reason
Piper Sandler raised the firm's price target on Vornado to $39 from $38 and keeps a Neutral rating on the shares. The firm updated estimates and targets in the real estate sector to close out Q1 earnings.
BofA
Jeffrey Spector
Neutral
downgrade
$48 -> $42
2025-05-12
Reason
BofA analyst Jeffrey Spector lowered the firm's price target on Vornado to $42 from $48 and keeps a Neutral rating on the shares after updating the firm's model for earnings and quarter-to-date activity, including announced transactions.
Piper Sandler
Alexander Goldfarb
Hold
Maintains
$44 → $38
2025-04-10
Reason
Piper Sandler lowered the firm's price target on Vornado to $38 from $44 and keeps a Neutral rating on the shares. While Wednesday's positive tariff news draws everyone's attention, the firm think this year's Chairman's letter drives home two critical points about ensuring NYC's long-term success: tackling the high cost of development and the state's fiscal situation. Vornado is in a far better position this year versus since the pandemic, as the market understands office has bifurcated between well-capitalized premium buildings and over-levered older assets.

Valuation Metrics

The current forward P/E ratio for Vornado Realty Trust (VNO.N) is -228.61, compared to its 5-year average forward P/E of -16.55. For a more detailed relative valuation and DCF analysis to assess Vornado Realty Trust 's fair value, click here.

Forward PE

StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
-16.55
Current PE
-228.61
Overvalued PE
159.10
Undervalued PE
-192.19

Forward EV/EBITDA

StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
Overvalued
5Y Average EV/EBITDA
22.26
Current EV/EBITDA
26.34
Overvalued EV/EBITDA
25.54
Undervalued EV/EBITDA
18.97

Forward PS

StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
Fair
5Y Average PS
3.66
Current PS
4.08
Overvalued PS
4.86
Undervalued PS
2.46

Financials

Annual
Quarterly
FY2025Q1
YoY :
+5.78%
461.58M
Total Revenue
FY2025Q1
YoY :
+40.80%
83.18M
Operating Profit
FY2025Q1
YoY :
-1691.33%
99.82M
Net Income after Tax
FY2025Q1
YoY :
-960.00%
0.43
EPS - Diluted
FY2025Q1
YoY :
-67.31%
-31.09M
Free Cash Flow
FY2025Q1
YoY :
+6.76%
51.00
Gross Profit Margin - %
FY2025Q1
YoY :
-194.58%
7.51
FCF Margin - %
FY2025Q1
YoY :
-1602.08%
21.63
Net Margin - %
FY2025Q1
YoY :
-270.94%
10.94
ROIC

Trading Trends

Insider
Insiders areSelling! The selling amount has increased 746.59% over the last month.
Sold
0-3
Months
0.0
USD
0
3-6
Months
759.6K
USD
1
6-9
Months
89.7K
USD
1
0-12
Months
0.0
USD
0
Bought
0-3
0
0.0
USD
Months
3-6
0
0.0
USD
Months
6-9
0
0.0
USD
Months
0-12
0
0.0
USD
Months
Hedge Fund
Hedge Funds areSelling! The selling amount has increased 144.71% over the last quarter.
Sold
0-3
Months
0.0
Volume
0
3-6
Months
905.8K
Volume
4
6-9
Months
370.1K
Volume
4
0-12
Months
0.0
Volume
0
Bought
0-3
0
0.0
Volume
Months
3-6
3
274.6K
Volume
Months
6-9
3
1.1M
Volume
Months
0-12
0
0.0
Volume
Months
Congress Trading
Congress are Neutral. There are no significant trading trends over the last month.
Sold
0-3
Months
0.0
USD
0
3-6
Months
0.0
USD
0
6-9
Months
0.0
USD
0
0-12
Months
0.0
USD
0
Bought
0-3
0
0.0
USD
Months
3-6
0
0.0
USD
Months
6-9
0
0.0
USD
Months
0-12
0
0.0
USD
Months

VNO News & Events

Events Timeline

2025-08-04 (ET)
2025-08-04
17:06:56
Vornado reports Q2 AFFO 56c, consensus 53c
select
2025-07-29 (ET)
2025-07-29
08:20:16
Vornado Realty leases 203,000 SF to Verizon for New York headquartesr
select
2025-06-25 (ET)
2025-06-25
10:53:02
New York City REITs fall after Mamdani primary win
select
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News

8.5
08-13NASDAQ.COM
PinnedVornado Completes $120 Mln Refinancing Of Manhattan Retail Property
8.5
08-12Newsfilter
PinnedVornado Completes $120 Million Refinancing of 4 Union Square South
4.0
08-06NASDAQ.COM
Validea David Dreman Strategy Daily Upgrade Report - 8/6/2025
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FAQ

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What is Vornado Realty Trust (VNO) stock price today?

The current price of VNO is 37.81 USD — it has increased 2.69 % in the last trading day.

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