Vornado Realty Trust

Valuation Analysis

About the Company

Vornado Realty Trust is a fully integrated real estate investment trust with a 26 million square-foot portfolio of premier New York City office, retail and multifamily assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with 100% of our in-service office buildings LEED certified and over 95% certified LEED Gold or Platinum. Vornado Realty Trust was incorporated in 1946 in Maryland, USA.

Vornado Realty Trust Stock at a Glance

Vornado Realty Trust (VNO) is currently trading at $37.65 with a market capitalization of $7.7B. The trailing P/E ratio stands at 10.32x, with a forward P/E of 150.6x. The 52-week range spans from $24.57 to $43.37; the current price is 13.2% below the yearly high. Year-over-year revenue growth stands at -2.2%. The net profit margin stands at 42.89%.

💰 Dividend

Vornado Realty Trust pays an annual dividend of $0.74 per share, representing a yield of 1.97%. The payout ratio stands at 20.27%.

📊 Analyst Rating

13 analysts rate Vornado Realty Trust (VNO) on consensus: Hold. The average price target is $35.23, implying -6.43% from the current price. Analyst price targets range from $28.00 to $45.00.

Vornado Realty Trust: The Investment Case in Detail

Vornado Realty Trust (VNO) operates in the Real Estate — specifically REIT - Office — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

The Bull Case

Free cash flow is positive and net margins stand at 42.89%, meaning reported earnings translate into real cash that can fund buybacks, dividends or strategic acquisitions. Our valuation screen flags the stock as undervalued relative to its fundamentals — multiples are running below where the cash flow profile would normally justify.

The Bear Case

Revenue is contracting at -2.2% year-over-year — until that trend reverses, valuation is exposed to further downgrades.

Valuation in Context

At a PEG of 7.37, investors are paying more than three times the growth rate for each unit of earnings — that pricing assumes growth not only continues but accelerates from here.

Investment Thesis: Strengths & Weaknesses

Technical Snapshot

The price is in a transition zone relative to the moving averages — no clear signal.

Risk Profile

The data points to above-average price swings, higher leverage relative to equity.

Trading Data

💵 Dividend Info

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