
VNO Stock Forecast & Price Target
VNO Analyst Ratings
Bulls say
Vornado Realty is poised for a positive trajectory, with projections indicating a substantial double-digit positive GAAP rent spread and anticipated improvements in portfolio occupancy, expected to rise to 85.2% by the end of 2025 and further to 87.0% by year-end 2026. Enhanced financial forecasts include increased Funds From Operations (FFO) estimates, with 2025 FFO projected at $2.39 per share and 2026 FFO at $2.44 per share, both exceeding consensus estimates. The limited availability of premium space in desirable locations further positions Vornado favorably, particularly with the successful leasing within the expanding PENN District campus.
Bears say
Vornado Realty's outlook remains pessimistic due to stagnant forecasted funds from operations (FFO), with expectations for 2025 and 2026 showing little growth, significantly lagging behind management’s projections and consensus estimates. The risks associated with potential recessionary impacts on office demand, coupled with the continued trend of remote work reducing tenant space needs, pose further threats to revenue stability. Additionally, despite a slight adjustment in valuation metrics, Vornado's current trading price reflects a substantial discount to historical averages and projected net asset value (NAV), indicating systemic valuation concerns in the market for its assets.
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
Start investing in VNO
Order type
Buy in
Order amount
Est. shares
0 shares