VNO Share Price Performance
US$29.35
-5.93 (-16.81%)
22.4% undervalued intrinsic discount
US$37.85
Fair Value
Price US$29.35
AnalystConsensusTarget US$37.85
AnalystHighTarget US$43.96
AnalystLowTarget US$25.00
Fair ValueUS$37.85
Share Pricen/a
Vornado Realty Trust Stock Price
- 3 Narratives written by author
- 0 Comments on narratives written by author
- 6 Fair Values set on narratives written by author
VNO Community Narratives
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Fair Value
·Fair Value US$37.85 22.4% undervalued intrinsic discount
Improved Office Leasing Will Drive Future Recovery Despite Premium Risks
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Fair Value
·Fair Value US$43.96 33.2% undervalued intrinsic discount
Growing Cities And Tech Will Lift Penn District Despite Risks
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AN
Fair Value
·Fair Value US$25 17.4% overvalued intrinsic discount
Manhattan Outmigration And Debt Pressure Will Depress Returns
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1users have followed this narrative
Manhattan Outmigration And Debt Pressure Will Depress Returns
Key Takeaways Heavy reliance on Manhattan office assets faces risks from remote work trends, urban outmigration, and intensifying competition from flexible workspace models. Escalating ESG compliance costs and high leverage restrict cash flow, threaten dividends, and may force unfavorable refinancing or asset sales.Read more
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US$25
17.4% overvalued intrinsic discount
Fair Value
Revenue
1.63% p.a.
Profit Margin
3.39%
Future PE
88.74x
Price in 2029
US$31.54
Growing Cities And Tech Will Lift Penn District Despite Risks
Key Takeaways Selective leasing to high-quality tenants and premium redevelopments in the Penn District are expected to drive sustained higher rents, revenue growth, and earnings stability. Manhattan's constrained office supply and Vornado's ESG-focused investments position the company for long-term pricing power, elevated asset values, and superior demand amid shifting market trends.Read more
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US$43.96
33.2% undervalued intrinsic discount
Fair Value
Revenue
5.68% p.a.
Profit Margin
6.51%
Future PE
72.61x
Price in 2029
US$55.65
Improved Office Leasing Will Drive Future Recovery Despite Premium Risks
Key Takeaways Market confidence centers on Vornado's premium Manhattan assets, redevelopment projects, and anticipated demand for high-end, sustainable office spaces driving sustained revenue and rent growth. Investors appear to discount risks from remote work, expecting tenant migration to quality and urban revitalization to provide durable pricing power and earnings visibility.Read more
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US$37.85
22.4% undervalued intrinsic discount
Fair Value
Revenue
1.83% p.a.
Profit Margin
6.26%
Future PE
72.43x
Price in 2029
US$47.74
Trending Discussion
Recently Updated Narratives
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VNO: AI Disruption And Higher Vacancy Will Pressure Future Office REIT Multiples
Fair Value: US$25 17.4% overvalued intrinsic discount
1 fair value setusers have set this as their fair value
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VNO: Leasing Momentum And Redevelopment Pipeline Will Support Future Upside Potential
Fair Value: US$43.96 33.2% undervalued intrinsic discount
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VNO: Leasing Momentum And Share Buybacks Will Support A Rebound
Fair Value: US$37.85 22.4% undervalued intrinsic discount
4 fair values setusers have set this as their fair value
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Snowflake Analysis
Vornado Realty Trust Key Details
Last Reported Earnings
Dec 31, 2025
Next Reporting Earnings
May 04, 2026
- 4.47
- 50.66%
- 45.20%
- 106.4%
About VNO
- Founded
- 1946
- Employees
- 3145
- CEO
- WebsiteView website
Vornado Realty Trust is a fully integrated real estate investment trust with a 26 million square-foot portfolio of premier New York City office, retail and multifamily assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with 100% of our in-service office buildings LEED certified and over 95% certified LEED Gold or Platinum. Vornado Realty Trust was incorporated in 1946 in Maryland, USA.
