WA
Consensus Narrative from 14 Analysts
Manhattan's Tight Office Market May Strengthen Finances, But High Valuations Could Limit Upside
Key Takeaways A landlord's market in Manhattan, with rising rents and limited vacancies, supports Vornado's revenue growth and increased rental income. Strategic limited dividend payouts aim to boost balance sheet strength and maintain financial flexibility, affecting short-term net margins.
View narrativeUS$37.75
FV
11.6% overvalued intrinsic discount1.88%
Revenue growth p.a.
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about 1 month ago author updated this narrative