Vornado Realty Trust

NYSE:VNO Stock Report

Market Cap: US$7.7b

Vornado Realty Trust Future Growth

Future criteria checks 0/6

Vornado Realty Trust's earnings are forecast to decline at 76.9% per annum while its annual revenue is expected to grow at 4.2% per year. EPS is expected to decline by 77.7% per annum. Return on equity is forecast to be 1% in 3 years.

Key information

-76.9%

Earnings growth rate

-77.71%

EPS growth rate

Office REITs earnings growth-13.0%
Revenue growth rate4.2%
Future return on equity1.05%
Analyst coverage

Low

Last updated25 Aug 2025

Recent future growth updates

Recent updates

Double-Checking The Credit Rating (Part 12): Vornado Realty Trust

Jul 30

Vornado Realty: I'm Buying The Dip In The Series O Preferreds As Manhattan Office Demand Soars

Feb 14

Vornado Realty Trust: Manhattan Is The Best Office Real Estate Market In America, Preferreds Should Rally

Nov 13

Vornado: A Full Recovery Is Priced In

Nov 06
User avatar

New York Office Market's Recovery Clashes With Shrinking Profit Margins, Yet Promises Diversification And Strategic Gains

Increased demand in New York's office market, particularly in Midtown and the Penn District, could lead to higher revenue and lower vacancy rates.

Vornado Realty Trust: My Largest Preferred Position Is The Series O

Aug 15

Vornado Realty Trust: An 8.5% Yield For 52 Cents With The Series O Preferreds

Jun 07

Vornado Realty Trust Q1 Earnings: Management Is Excited, But There Is Reason To Be Cautious

May 16

Vornado Realty: I'm Still Buying The Preferreds

Apr 01

Vornado Realty: I Backed Up The Truck Ahead Of Earnings

Jan 21

Vornado: Valuation Normalized (Downgrade To Hold)

Jan 13

Vornado: Q3 Results Point To A Steady Decline, Leaving Shares Unappealing

Oct 31

New York Office Risks Remain, But Vornado Is Appropriately Discounted

Oct 11

Vornado Realty's 8.7% Yielding Preferreds For 60 Cents On The Dollar

Sep 01

Vornado: Exceptional Results Vs. The Exceptional Debt Load

Aug 01

Vornado Realty Has Steam Heading Into Earnings After The SL Green News

Jul 10

Vornado: Landmark Transaction May Re-Rate Office REITs Higher

Jun 27

Vornado Realty Is Besieged On All Sides

May 30

Vornado Realty Trust Q4 Earnings Preview

Feb 12

Vornado Realty Trust expects $600M non-cash impairment charges in Q4

Jan 31

Vornado Realty: Avoid The Dividend Cut With The 8.6% Preferreds

Dec 28

Vornado: Expect A Dividend Cut

Dec 12

Vornado: Upside Could Offset Any Correction In The Dividend Payout

Nov 04

Vornado Realty Trust's Balance Sheet Adds To Office Woes

Oct 25

Earnings and Revenue Growth Forecasts

NYSE:VNO - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20272,004-45N/AN/A3
12/31/20261,855-67N/AN/A5
12/31/20251,801731N/AN/A5
6/30/20251,8908131,3911,391N/A
3/31/20251,930104558558N/A
12/31/20241,9008538538N/A
9/30/20241,871-54543543N/A
6/30/20241,87918500500N/A
3/31/20241,87429588588N/A
12/31/20231,88443648648N/A
9/30/20231,893-389676676N/A
6/30/20231,905-434743743N/A
3/31/20231,891-430720720N/A
12/31/20221,905-409799799N/A
9/30/20221,90596844844N/A
6/30/20221,858126720720N/A
3/31/20221,789123709709N/A
12/31/20211,705101762762N/A
9/30/20211,653-119711711N/A
6/30/20211,608-104629629N/A
3/31/20211,555-350597597N/A
12/31/20201,199-349424424N/A
9/30/20201,69553456456N/A
6/30/20201,797323637637N/A
3/31/20201,9252,921650650N/A
12/31/20192,0043,098663663N/A
9/30/20192,0663,005713713N/A
6/30/20192,1242,872854854N/A
3/31/20192,188583N/A601N/A
12/31/20182,173384N/A803N/A
9/30/20182,167310N/A687N/A
6/30/20182,103138N/A785N/A
3/31/20182,109125N/A824N/A
12/31/20172,096175N/A860N/A
9/30/20172,239291N/A1,084N/A
6/30/20172,258313N/A992N/A
3/31/20172,077566N/A1,025N/A
12/31/20162,178419N/A995N/A
9/30/20162,102505N/A801N/A
6/30/20162,231629N/A806N/A
3/31/20162,483444N/A749N/A
12/31/20151,967456N/A672N/A
9/30/20152,478445N/A750N/A
6/30/20152,400329N/A872N/A
3/31/20152,282212N/A1,021N/A
12/31/20142,317198N/A1,135N/A
9/30/20142,139-64N/A1,080N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: VNO's earnings are forecast to decline over the next 3 years (-76.9% per year).

Earnings vs Market: VNO's earnings are forecast to decline over the next 3 years (-76.9% per year).

High Growth Earnings: VNO's earnings are forecast to decline over the next 3 years.

Revenue vs Market: VNO's revenue (4.2% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: VNO's revenue (4.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: VNO's Return on Equity is forecast to be low in 3 years time (1%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/08/27 18:33
End of Day Share Price 2025/08/27 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Vornado Realty Trust is covered by 33 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jacob KilsteinArgus Research Company
Ross SmotrichBarclays
Brendan LynchBarclays