
VNO Stock Forecast & Price Target
VNO Analyst Ratings
Bulls say
Vornado Realty demonstrates a robust outlook supported by projected strong double-digit positive overall GAAP rent spreads and anticipated improvements in portfolio occupancy, reaching approximately 87.0% by the end of 2026. The company's funds from operations (FFO) estimates have been revised upward, indicating expected growth to $2.39 per share in 2025 and $2.44 per share in 2026, surpassing consensus expectations. Additionally, the limited availability of premium office space in key locations enhances Vornado's competitive position, particularly within the expanding PENN District campus, contributing to a forecasted year-over-year normalized FFO per share growth of 3.7% in 2025 and 4.8% in 2026.
Bears say
Vornado Realty's financial outlook is tempered by expectations of flat funds from operations (FFO) for 2025 and 2026, with recent estimates reflecting a decline from previous projections, signaling concerns about stagnant growth. There are notable downside risks, including potential recessionary impacts on office-using employment and a sustained trend of remote work, leading tenants to downsize their office space requirements. Additionally, Vornado's current trading metrics indicate a 12% discount to its net asset value (NAV), which is well below its historical average discount, further complicating its investment attractiveness.
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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