
VNO Stock Forecast & Price Target
VNO Analyst Ratings
Bulls say
Vornado Realty is expected to experience a strong, double-digit positive overall GAAP rent spread, supported by anticipated increases in average market rent over the coming years. The company's Funds From Operations (FFO) estimates have been raised for both 2025 and 2026, indicating a favorable outlook, with projections of $2.39 per share for 2025 and $2.44 per share for 2026, both surpassing consensus estimates. Additionally, portfolio occupancy is forecasted to improve steadily, with projections of 85.2% by year-end 2025 and 87.0% by year-end 2026, reflecting a recovery trajectory from recent lows.
Bears say
Vornado Realty is facing a negative outlook due to expectations of stagnant funds from operations (FFO), with projected comparable FFO remaining flat at $2.26 per share for 2025, which is below the consensus estimate. The company anticipates further asset dispositions and redevelopments, leading to similarly flat earnings in 2026, compounded by macroeconomic risks such as a potential recession that could impact office occupancy. Additionally, the stock is trading at a premium to its historical averages, with a price-to-FFO ratio of 17.3x compared to a historical average of 13.1x, suggesting that the stock may be overvalued given these fundamental concerns.
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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