Vornado Realty Trust

Vornado Realty Trust (VNO) Stock Analysis

$37.380

-0.804 (-2.15%)At close

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High
37.960
Open
37.880
VWAP
37.50
Vol
1.14M
Mkt Cap
4.88B
Low
37.170
Amount
42.80M
EV/EBITDA, TTM
25.69

Vornado Realty Trust is a fully-integrated real estate investment trust (REIT). The Company conducts its business through, and substantially all its interests in properties are held by, Vornado Realty L.P. Its portfolio is concentrated on premier office and high street retail properties in New York City. Its segments include New York and Other. Its New York segment consisted of approximately 26.4 million square feet in 64 properties. The 26.4 million square feet comprises over 20.1 million square feet of Manhattan office in 30 of the properties, 2.4 million square feet of Manhattan street retail in 49 of the properties, 1,330 units in two residential properties, and its 32.4% interest in Alexander’s, which owns five properties in the greater New York metropolitan area. It also includes nine garages totalling over 1.6 million square feet (4,685 spaces). Its Real Estate and Investments consists of over 3.7 million square foot THE MART in Chicago.

www.vno.com

Analyst Ratings (12)

+4.09% upside
Buy
7 Buy
5 Hold
0 Sell
Current: 37.38
Low
28.00
Average
38.91
High
46.00

Citi

2026-08-10

Price Target

$40

Neutral

Evercore ISI

2026-08-05

Price Target

$46

Outperform

Morgan Stanley

2026-07-22

Price Target

$32

Underweight

Scotiabank

2026-07-21

Price Target

$40

Sector Perform

Piper Sandler

2026-07-21

Price Target

$42

Neutral

Valuation Metrics

The current forward P/E ratio for Vornado Realty Trust (VNO) is -189.72, compared to its 5-year average forward P/E of -39.16.

Forward P/E

Fair
5Y Average P/E
-39.16
Current P/E
-189.72
Overvalued
150.39
Undervalued
-228.71

Forward EV/EBITDA

Overvalued
5Y Average EV/EBITDA
21.49
Current EV/EBITDA
25.69
Overvalued
24.41
Undervalued
18.57

Forward P/S

Overvalued
5Y Average P/S
3.28
Current P/S
4.49
Overvalued
4.32
Undervalued
2.25

Alphio AI Price Scenarios for VNO

Scenario prices are the last monthly forecast band of the current year. Probabilities are fixed model weights (25 / 50 / 25), not guarantees.

B

Bull

Bull · 25%VNO

$47.12

Scenario price

B

Base

Base · 50%VNO

$41.85

Scenario price

B

Bear

Bear · 25%VNO

$38.07

Scenario price

Whales holding VNO

R

Resolution Capital Limited

+ HoldingVNO

+5.49%

3M Return

C

CBRE Investment Management Listed Real Assets LLC

+ HoldingVNO

+3.67%

3M Return

C

CenterSquare Investment Management LLC

+ HoldingVNO

+3.23%

3M Return

A

Adelante Capital Management LLC

+ HoldingVNO

+2.78%

3M Return

A

AEW Capital Management LP

+ HoldingVNO

+2.06%

3M Return

F

First Pacific Advisors, LP

+ HoldingVNO

-0.47%

3M Return

VNO FAQ — answered by Alphio AI

Vornado Realty Trust is a fully-integrated real estate investment trust (REIT). The Company conducts its business through, and substantially all its interests in properties are held by, Vornado Realty L.P. Its portfolio is concentrated on premier office and high street retail properties in New York City. Its segments include New York and Other. Its New York segment consisted of approximately 26.4 million square feet in 64 properties. The 26.4 million square feet comprises over 20.1 million square feet of Manhattan office in 30 of the properties, 2.4 million square feet of Manhattan street retail in 49 of the properties, 1,330 units in two residential properties, and its 32.4% interest in Alexander’s, which owns five properties in the greater New York metropolitan area. It also includes nine garages totalling over 1.6 million square feet (4,685 spaces). Its Real Estate and Investments consists of over 3.7 million square foot THE MART in Chicago. It operates in the Real Estate sector (REAL ESTATE INVESTMENT TRUSTS industry).

12 analysts cover VNO: 7 rate it Buy, 5 Hold and 0 Sell. The average price target is 38.91.

This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.

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