VNO Share Price Performance
US$36.82
-6.23 (-14.47%)
7.5% undervalued intrinsic discount
US$39.80
Fair Value
Price US$36.82
AnalystConsensusTarget US$39.80
AnalystLowTarget US$30.00
AnalystHighTarget US$46.00
Fair ValueUS$39.80
Share Pricen/a
Vornado Realty Trust Stock Price
- 3 Narratives written by author
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- 4 Fair Values set on narratives written by author
VNO Community Narratives
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Fair Value US$39.8 7.5% undervalued intrinsic discount
Improved Office Leasing Will Drive Future Recovery Despite Premium Risks
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Fair Value US$30 22.7% overvalued intrinsic discount
Manhattan Outmigration And Debt Pressure Will Depress Returns
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Fair Value US$46 20.0% undervalued intrinsic discount
Growing Cities And Tech Will Lift Penn District Despite Risks
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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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AN
US$39.8
7.5% undervalued intrinsic discount
AnalystConsensusTarget Fair Value
Revenue
2% p.a.
Profit Margin
1.28%
Future PE
387.05x
Price in 2028
US$50.61
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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AN
US$30
22.7% overvalued intrinsic discount
AnalystLowTarget Fair Value
Revenue
1% p.a.
Profit Margin
10.71%
Future PE
38.58x
Price in 2028
US$41.51
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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AN
US$46
20.0% undervalued intrinsic discount
AnalystHighTarget Fair Value
Revenue
5% p.a.
Profit Margin
1.21%
Future PE
478.86x
Price in 2028
US$63.65
Trending Discussion
Recently Updated Narratives
AN
Improved Office Leasing Will Drive Future Recovery Despite Premium Risks
Fair Value: US$39.8 7.5% undervalued intrinsic discount
3 followersusers have followed this narrative
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AN
Manhattan Outmigration And Debt Pressure Will Depress Returns
Fair Value: US$30 22.7% overvalued intrinsic discount
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AN
Growing Cities And Tech Will Lift Penn District Despite Risks
Fair Value: US$46 20.0% undervalued intrinsic discount
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Snowflake Analysis
Vornado Realty Trust Key Details
Last Reported Earnings
Sep 30, 2025
Next Reporting Earnings
n/a
- 4.39
- 51.58%
- 44.30%
- 103.2%
About VNO
- Founded
- 1946
- Employees
- 2996
- CEO
- WebsiteView website
Vornado Realty Trust (“Vornado”) is a fully-integrated real estate investment trust (“REIT”) and conducts its business through, and substantially all of its interests in properties are held by, Vornado Realty L.P. (the “Operating Partnership”), a Delaware limited partnership. Vornado is the sole general partner of and owned approximately 91.5% of the common limited partnership interest in the Operating Partnership as of September 30, 2025. All references to the “Company,” “we,” “us” and “our” mean, collectively, Vornado, the Operating Partnership and those subsidiaries consolidated by Vornado.
