
VNO Stock Forecast & Price Target
VNO Analyst Ratings
Bulls say
Vornado Realty's positive outlook is supported by a projected strong double-digit overall GAAP rent spread and improved occupancy rates, which are anticipated to reach 85.2% by the end of 2025 and 87.0% by the end of 2026. The company's funds from operations (FFO) estimates have been raised, with 2025's estimate now set at $2.39 per share and 2026's at $2.44 per share, both exceeding consensus expectations. Furthermore, the decreasing availability of premium office space in prime locations, alongside successful leasing in the expanding PENN District, positions Vornado favorably for sustainable growth in the coming years.
Bears say
The financial outlook for Vornado Realty is negatively impacted by management's guidance suggesting flat "comparable" FFO for 2025, which contrasts with analyst projections that expect modest growth. The market is also facing significant downside risks, including the potential for a recession that could diminish office-using employment and persistent remote work trends that may compel tenants to downsize their office space. Additionally, the stock currently trades at a 12% discount to net asset valuation while underperforming its historical price-to-FFO ratio, indicating a challenging market perception and potential valuation 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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