
VNO Stock Forecast & Price Target
VNO Analyst Ratings
Bulls say
Vornado Realty Trust is poised for a positive outlook due to projected double-digit GAAP rent spreads and anticipated improvements in portfolio occupancy, particularly in the latter part of 2025 and into 2026. The company's strategic development of premium office spaces, such as PENN 1 and PENN 2, aligns with the increasing demand for premium locations, which is reflected in the upward trajectory of its net operating income margins. Furthermore, Vornado's normalized funds from operations (FFO) are projected to grow 3.7% in 2025 and 4.8% in 2026, highlighting a consistent trajectory of financial stability and growth over the next several years.
Bears say
Vornado Realty Trust is experiencing a negative outlook primarily due to stagnant projected funds from operations (FFO), with 2026 estimates remaining flattish compared to 2025 and a reduction in expected FFO figures from previous projections. The company faces significant downside risks, including potential recessionary impacts on office-using employment and a sustained trend toward remote work, which could further decrease demand for office space and lead to asset dispositions and redevelopments. Additionally, Vornado's current trading metrics reflect a 13% discount to net asset value, contrasting with a historical average discount of 30%, suggesting challenges in achieving valuation recovery in a competitive market.
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
Start investing in VNO
Order type
Buy in
Order amount
Est. shares
0 shares