
VNO Stock Forecast & Price Target
VNO Analyst Ratings
Bulls say
Vornado Realty is anticipated to experience a robust increase in average market rents, contributing to a projected strong double-digit GAAP rent spread over the next few years. Additionally, the company is raising its Funds From Operations (FFO) estimates for 2025 and 2026, reflecting positive growth expectations, with the 2025 estimate now at $2.39 per share and the 2026 estimate at $2.44 per share, both exceeding consensus forecasts. Furthermore, Vornado's portfolio occupancy is expected to improve significantly, reaching 85.2% by the end of 2025, compared to 84.5% in early 2025, indicating a recovery trend towards pre-pandemic occupancy levels.
Bears say
Vornado Realty's outlook is negatively impacted by expectations of flat "comparable" funds from operations (FFO) for 2025, aligning with management's guidance that indicates no growth compared to the previous year's $2.26 per share. Additionally, the potential for downward pressures on revenue exists, stemming from risks associated with a likely recession and ongoing remote work trends, which could lead tenants to downsize their office space. Moreover, the stock is currently trading at a 12% discount to net asset value (NAV) estimates, while also exhibiting a higher price-to-FFO ratio compared to its historical average, indicating reduced investor confidence and potential overvaluation relative to 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
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