Vornado Realty Trust

Manhattan Outmigration And Debt Pressure Will Depress Returns

AnalystLowTarget

Not Invested

Consensus Narrative from 14 Analysts

Published

27 Apr 25

Updated

20 Aug 25

AnalystLowTarget's Fair Value

US$30.00

26.9% overvalued

20 Aug

US$38.08

9.9%

2.3%

Author's Valuation

US$30.0

26.9% overvalued

AnalystLowTarget Fair Value

Narrative

Updates1

Shared on07 May 25

AnalystLowTarget Fair Value

US$30.0

26.9% overvalued

Future estimation in

% p.a.

Decrease

Increase

Current revenue growth rate

4.16%

Office REITs revenue growth rate

0.04%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

Decrease

Increase

Current discount rate

8.33%

Calculation

US$146.81m

Earnings '28

51.23x

PE Ratio '28

US$7.52b

Market Cap '28

US$7.52b

Market Cap '28

196.28m

No. shares '28

US$38.32

Share Price '28

US$38.32 Share Price '28

Discounted to 2025 @ 8.31% p.a.

US$30.16

Fair Value '25