
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 over the next few years, supported by projected increases in average market rent. The company has raised its 2025 funds from operations (FFO) estimate to $2.39 per share, reflecting a notable improvement from previous estimates and exceeding consensus expectations. Additionally, portfolio occupancy is anticipated to rise to 85.2% by year-end 2025 and 87.0% by the end of 2026, up from 84.5% in the first quarter of 2025, indicating a positive trajectory in property performance.
Bears say
Vornado Realty's financial outlook appears unfavorable due to management's projection that 2025 "comparable" funds from operations (FFO) will be flat compared to the previous year's $2.26 per share, which contrasts with the consensus estimate of $2.28 per share. Additionally, significant downside risks persist, including a potential recession affecting office employment and the ongoing trend of remote work leading tenants to downsize their office space. Moreover, the stock is currently trading at a 12% discount to net asset value (NAV) estimates and a valuation of 17.3 times projected 2025 FFO, which exceeds its historical average of 13.1 times, indicating potential overvaluation amid market uncertainties.
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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