
VNO Stock Forecast & Price Target
VNO Analyst Ratings
Bulls say
Vornado Realty Trust is positioned for a positive outlook due to anticipated increases in average market rents and projected strong double-digit GAAP rent spreads in the coming years. The trust is expected to see improvements in portfolio occupancy rates and has reported a notable increase in net operating income (NOI) margins, highlighting its ability to capitalize on stable operating expenses while experiencing rental growth. Furthermore, the anticipated year-over-year normalized Funds from Operations per share (FFOps) growth of 3.7% in 2025 and 4.8% in 2026, along with an increase in FFO estimates, underscores the financial strength and potential of Vornado's diversified portfolio, particularly within the expanding PENN District.
Bears say
Vornado Realty Trust's financial outlook is marred by anticipated stagnation in Funds From Operations (FFO), with the revised estimate for 2026 set at $2.39 per share, indicating minimal growth compared to 2025. The company faces significant risks from a potential economic downturn that could diminish office-using employment and persistently high remote work trends, leading tenants to reduce their office space requirements. Additionally, a strategic plan to dispose of approximately $300 million in assets and undertake redevelopments further constrains the revenue-generating potential, contributing to a downward adjustment of the cash flow projections and a relative discount to its net asset value.
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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