
VNO Stock Forecast & Price Target
VNO Analyst Ratings
Bulls say
Vornado Realty Trust is positioned for positive financial performance, supported by forecasts indicating strong double-digit GAAP rent spreads and expected improvements in portfolio occupancy rates over the next few years. The development of premium office spaces at key locations such as PENN 1 and 1290 Avenue of the Americas is particularly advantageous given the limited availability of such properties, which enhances Vornado’s competitive edge. Additionally, the company is projecting notable year-over-year growth in normalized funds from operations (FFO), with estimates suggesting a trajectory of 3.7% growth in 2025 and 4.8% in 2026, further strengthening its financial outlook.
Bears say
Vornado Realty Trust faces challenges with projected flat earnings for 2026, maintaining FFO estimates at $2.39 per share, which is a slight reduction from prior expectations and indicative of limited growth prospects. Key concerns include the potential negative impact of a recession on office-using employment and the ongoing trend of remote work, which may lead tenants to decrease office space requirements. Additionally, Vornado's strategic moves, such as significant asset dispositions and redevelopment, further highlight vulnerabilities within its revenue-generating model, as it navigates a competitive market with a historically high trading discount to net asset value.
This aggregate rating is based on analysts' research of Vornado Realty Trust and is not a guaranteed prediction by Public.com or investment advice.
VNO Analyst Forecast & Price Prediction
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