Vornado Realty Trust

Vornado Realty Trust

VNOยทNYSE

$34.00

+1.3%
Real EstateREIT - Office

Vornado's portfolio is concentrated in the nation's key market New York City along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2019. In 2012, Vornado commemorated 50 years on the NYSE.

At a Glance

Live Snapshot
Market Cap$6.40B
EPS4.4000
P/E Ratio7.05
Earnings Date08/03/2026
vno

Vornado Realty Trust Street Expectations Map

VNO ยท NYSE

Wall Street analysts project that VNO stock may experience modest gains over the coming 12 months. The consensus 1-year price target stands at 36.17, with estimates ranging from a low of 33.00 to a high of 42.00.

Lowest Target
33.00
-2.94%
Consensus Target
36.17
6.38%
Highest Target
42.00
23.53%

The consensus 1-year price target stands at 36.17, with estimates ranging from a low of 33.00 to a high of 42.00.

Analyst Consensus Analysis

Upside Potential

+6.4%

Moderate upside. Analysts expect positive returns but with limited margin of safety. Consider entry timing.

Analyst Agreement

24.9% spread

Good consensus alignment. Moderate target spread reflects general agreement on value drivers with some variance in assumptions.

Risk-Reward Profile

8.00x

Favorable risk-reward. Potential upside significantly exceeds downside risk, offering asymmetric return profile attractive for risk-tolerant investors.

Analyst Conviction

High

Positive outlook with reasonable agreement. Analysts generally optimistic about prospects with manageable uncertainty.

Market Sentiment Insight

Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.

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Vornado Realty Trust Forward Estimates of Revenue

VNO ยท NYSE
Latest Revenue
1.81B
FY 2025
Avg Estimate
1.87B
FY 2026
Estimate Range
1.66B - 2.00B
Analyst Spread

Forward Growth Analysis

Projected Growth+3.5%

Flat growth suggests market maturity or near-term challenges offsetting expansion efforts.

Analyst Coverage5 Analysts

Moderate coverageโ€”sufficient for guidance but may lack depth of large-cap analysis.

Estimate Spread18%

Reasonable estimate spread indicates general agreement with normal forecast variance.

OutlookNeutral

Mixed signalsโ€”some positive indicators offset by concerns about growth or uncertainty.

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Vornado Realty Trust Forward Estimates of Net Income

VNO ยท NYSE
Latest Net Income
904.96M
FY 2025
Avg Estimate
22.67M
FY 2026
Estimate Range
21.73M - 23.61M
Analyst Spread

Forward Growth Analysis

Projected Growth-97.5%

Significant contraction projectedโ€”major business challenges or industry disruption likely.

Analyst Coverage5 Analysts

Moderate coverageโ€”sufficient for guidance but may lack depth of large-cap analysis.

Estimate Spread8%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookNeutral

Mixed signalsโ€”some positive indicators offset by concerns about growth or uncertainty.

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Vornado Realty Trust Forward Estimates of EPS

VNO ยท NYSE
Latest EPS
4.40
FY 2025
Avg Estimate
$0.11
FY 2026
Estimate Range
$0.11 - $0.12
Analyst Spread

Forward Growth Analysis

Projected Growth-97.4%

Significant contraction projectedโ€”major business challenges or industry disruption likely.

Analyst Coverage5 Analysts

Moderate coverageโ€”sufficient for guidance but may lack depth of large-cap analysis.

Estimate Spread8%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookNeutral

Mixed signalsโ€”some positive indicators offset by concerns about growth or uncertainty.

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Vornado Realty Trust Forward Estimates of EBIT

VNO ยท NYSE
Latest EBIT
1.29B
FY 2025
Avg Estimate
188.56M
FY 2026
Estimate Range
167.49M - 201.20M
Analyst Spread

Forward Growth Analysis

Projected Growth-85.3%

Significant contraction projectedโ€”major business challenges or industry disruption likely.

Analyst Coverage5 Analysts

Moderate coverageโ€”sufficient for guidance but may lack depth of large-cap analysis.

Estimate Spread18%

Reasonable estimate spread indicates general agreement with normal forecast variance.

OutlookNeutral

Mixed signalsโ€”some positive indicators offset by concerns about growth or uncertainty.

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Vornado Realty Trust Forward Estimates of EBITDA

VNO ยท NYSE
Latest EBITDA
1.77B
FY 2025
Avg Estimate
695.51M
FY 2026
Estimate Range
617.80M - 742.14M
Analyst Spread

Forward Growth Analysis

Projected Growth-60.6%

Significant contraction projectedโ€”major business challenges or industry disruption likely.

Analyst Coverage5 Analysts

Moderate coverageโ€”sufficient for guidance but may lack depth of large-cap analysis.

Estimate Spread18%

Reasonable estimate spread indicates general agreement with normal forecast variance.

OutlookNeutral

Mixed signalsโ€”some positive indicators offset by concerns about growth or uncertainty.

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Vornado Realty Trust Forward Estimates of SG&A Expense

VNO ยท NYSE
Latest SG&A Expense
156.12M
FY 2025
Avg Estimate
168.85M
FY 2026
Estimate Range
149.98M - 180.17M
Analyst Spread

Forward Growth Analysis

Projected Growth+8.2%

Moderate growth expected, typical for mature businesses with stable market positions.

Analyst Coverage5 Analysts

Moderate coverageโ€”sufficient for guidance but may lack depth of large-cap analysis.

Estimate Spread18%

Reasonable estimate spread indicates general agreement with normal forecast variance.

OutlookPositive

Generally favorable outlook with reasonable growth prospects and analyst support.

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Vornado Realty Trust Insider Positioning

VNO ยท NYSE

During the last 12 months, insiders have purchased $5.63M and sold $1.19M worth of VNO shares, resulting in $4.44M of net buying activity.

3 Months

Bought

30.0K

766.50K

Sold

0

0.00

Net Activity

+767K

+$767K

3-6 Months

Bought

180.0K

4.87M

Sold

0

0.00

Net Activity

+4.9M

+$4.87M

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

30.0K

1.19M

Net Activity

-1.2M

-$1.19M

Top Buyers

1
TDR

Tisch Daniel R

Director

210.0K sharesโ€ข5 transactions

$5.63M

Top Sellers

1
CH

Chera Haim

Officer: Evp- Head Of Retail

30.0K sharesโ€ข1 transactions

$1.19M

Insider Activity Analysis

Net Insider Sentiment

Bullish

Strong bullish signal with $4.44M net buying. Insiders are aggressively accumulating shares, suggesting significant confidence in future prospects.

Buy/Sell Ratio

4.74:1

Exceptional buy/sell ratio. Buying dramatically outweighs sellingโ€”one of the strongest possible insider signals.

Recent Trend (3 Months)

$767K

Very strong recent buying momentum. Recent insider purchases significantly outpace sales, suggesting near-term optimism.

Insider Participation

Balanced

1 insider buyers and 1 sellers. Equal participation suggests mixed or neutral insider views.

Insider Activity Insight

Sustained buying momentum: Consistent net buying over multiple quarters suggests insiders maintain conviction in the company's prospects. This is particularly meaningful if buying continued through market volatility.