
VNO Stock Forecast & Price Target
VNO Analyst Ratings
Bulls say
Vornado Realty demonstrates a positive outlook based on projected increases in average market rent and a strong double-digit positive overall GAAP rent spread anticipated for the coming years. Additionally, the revised estimate for 2025 funds from operations (FFO) per share has been raised to $2.39, surpassing the consensus estimate, indicative of solid financial performance. Furthermore, the forecasted improvement in portfolio occupancy rates, expected to reach 85.2% by year-end 2025 and 87.0% by year-end 2026, reflects a recovery trend from previous levels.
Bears say
Vornado Realty's outlook is dampened by its expectation that its 2025 comparable funds from operations (FFO) will remain essentially flat compared to the previous year's $2.26 per share, which is above the consensus forecast but indicates stagnation. The company faces significant downside risks related to a potential recession that could adversely impact office-using employment and ongoing trends of remote work that may prompt tenants to downsize their office space. Additionally, Vornado's current trading at a 12% discount to net asset value (NAV) and at 17.3 times projected 2025 FFO, compared to a historical average of 13.1 times, suggests a deterioration in market confidence relative to its past performance.
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