
VNO Stock Forecast & Price Target
VNO Analyst Ratings
Bulls say
Vornado Realty's positive outlook is supported by projected growth in average market rent, coupled with a strong double-digit positive overall GAAP rent spread anticipated over the next few years. The company expects portfolio occupancy to improve significantly, rising from 84.5% in 1Q25 to 87.0% by the end of 2026, reflecting a recovery in the real estate sector. Furthermore, increased FFO estimates for 2025 and 2026, reaching $2.39 and $2.44 per share respectively, indicate robust financial performance that exceeds market consensus predictions.
Bears say
Vornado Realty's outlook appears negative due to anticipated stagnation in its funds from operations (FFO), with estimates for both 2025 and 2026 suggesting flat performance compared to prior years, which could hinder growth prospects. The company faces significant downside risks associated with a potential recession, which could negatively impact office demand as remote work continues to be prevalent, leading to reduced office square footage among tenants. Additionally, Vornado's current trading multiples, including a 12% discount to net asset value (NAV) and a premium to historical FFO averages, reflect concerns over long-term profitability and market conditions.
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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