
VNO Stock Forecast & Price Target
VNO Analyst Ratings
Bulls say
Vornado Realty Trust is projected to experience strong double-digit positive overall GAAP rent spreads over the coming years, driven by anticipated increases in average market rent and a slight improvement in portfolio occupancy. The development of premium office spaces, particularly in the expanding Penn District, positions Vornado favorably in a market characterized by limited availability of premium locations, contributing to an improvement in net operating income (NOI) margins. Moreover, the trust's normalized funds from operations (FFOps) are expected to grow by 3.7% in 2025 and 4.8% in 2026, with revised estimates indicating an increase in 2025 FFO per share to $2.42, supporting a positive financial outlook.
Bears say
Vornado Realty Trust's outlook is negatively impacted by stagnant earnings projections, with the 2026 funds from operations (FFO) estimated to remain flat compared to 2025 amid anticipated asset dispositions and redevelopments. The firm faces downside risks from potential economic recession and sustained remote work trends, which may reduce demand for office space and result in tenants downsizing their leased square footage. Additionally, the current trading metrics indicate a 13% discount to net asset value (NAV) estimates, coupled with a decrease in forecasted FFO for 2026 and 2027, suggesting ongoing challenges in financial 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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