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Upturn AI SWOT - About
VNO 
Vornado Realty Trust (VNO)
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Upturn Advisory Summary
10/14/2025: VNO (3-star) is a SELL. SELL since 3 days. Simulated Profits (-8.04%). Updated daily EoD!
Upturn Star Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Number of Analysts
14 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $39.67
1 Year Target Price $39.67
| 2 | Strong Buy |
| 1 | Buy |
| 7 | Hold |
| 3 | Sell |
| 1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 59.83% | Avg. Invested days 33 | Today’s Advisory SELL |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/14/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 8.12B USD | Price to earnings Ratio 9.61 | 1Y Target Price 39.67 |
Price to earnings Ratio 9.61 | 1Y Target Price 39.67 | ||
Volume (30-day avg) 14 | Beta 1.59 | 52 Weeks Range 29.68 - 45.86 | Updated Date 10/14/2025 |
52 Weeks Range 29.68 - 45.86 | Updated Date 10/14/2025 | ||
Dividends yield (FY) 1.90% | Basic EPS (TTM) 4.14 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 46.29% | Operating Margin (TTM) 18.16% |
Management Effectiveness
Return on Assets (TTM) 1.42% | Return on Equity (TTM) 13.4% |
Valuation
Trailing PE 9.61 | Forward PE 57.14 | Enterprise Value 15668702833 | Price to Sales(TTM) 4.3 |
Enterprise Value 15668702833 | Price to Sales(TTM) 4.3 | ||
Enterprise Value to Revenue 8.69 | Enterprise Value to EBITDA 8.86 | Shares Outstanding 192040522 | Shares Floating 160179079 |
Shares Outstanding 192040522 | Shares Floating 160179079 | ||
Percent Insiders 6.48 | Percent Institutions 97.64 |
Upturn AI SWOT
Vornado Realty Trust
Company Overview
History and Background
Vornado Realty Trust was founded in 1982. It evolved from a discount retailer into a major REIT, focusing on high-quality office and retail properties, primarily in New York City.
Core Business Areas
- Office: Owns, manages, and develops premier office properties, primarily in Manhattan. Focuses on attracting high-credit tenants and maintaining high occupancy rates.
- Retail: Operates a portfolio of high-street retail properties in major urban centers, including New York City, San Francisco, and Chicago. Caters to luxury and high-end retailers.
- Other: Includes investments in properties not fitting neatly into office or retail, such as TheMART in Chicago and the 555 California Street complex.
Leadership and Structure
Steven Roth serves as the Chairman and Chief Executive Officer. The company has a traditional REIT structure with a board of trustees and an executive management team overseeing operations.
Top Products and Market Share
Key Offerings
- Office Space: Premier office space in Manhattan and other key markets. Revenue derived from leases with tenants. Vornado competes with SL Green Realty Corp (SLG) and Boston Properties (BXP). Difficult to assign Market share since its regional focused on NYC primarily. Occupancy rates and lease terms are crucial to revenue.
- Retail Leases: Prime retail locations in urban centers. Revenue depends on lease rates and occupancy. Competitors include Brookfield Properties and Simon Property Group (SPG) on a National basis, however, its regional focus makes direct comparison difficult due to the high density of REITs that occupy the New York metropolitan area.
- TheMART: A large commercial building and showroom space in Chicago, hosting a variety of events and exhibitions. Competitors include other large commercial spaces in Chicago and event venues. Revenue is comprised of lease revenue and fees associated with events and exhibitions.
Market Dynamics
Industry Overview
The REIT industry is influenced by macroeconomic factors such as interest rates, economic growth, and property values. Demand for office and retail space fluctuates with economic cycles and shifts in consumer behavior.
Positioning
Vornado is positioned as a high-quality REIT focused on premier assets in core urban markets. Its competitive advantages lie in its portfolio of prime properties and its management expertise.
Total Addressable Market (TAM)
The TAM for commercial real estate in the US is estimated in the trillions of dollars. Vornado captures a segment of this market with its focus on high-end properties in specific urban centers. Market conditions impact the amount of addressable market space, and how many tenants are available.
Upturn SWOT Analysis
Strengths
- High-quality portfolio of properties
- Strong presence in key urban markets
- Experienced management team
- High occupancy rates in core properties
Weaknesses
- Concentration in New York City market
- Exposure to economic downturns
- High debt levels
- Susceptibility to interest rate fluctuations
Opportunities
- Redevelopment and repositioning of existing properties
- Acquisitions of undervalued assets
- Expansion into new markets
- Increased demand for flexible office space
Threats
- Economic recession
- Increased competition from other REITs
- Rising interest rates
- Changes in consumer behavior impacting retail demand
Competitors and Market Share
Key Competitors
- SLG
- BXP
- ARE
- ESRT
Competitive Landscape
Vornado's competitive advantages include its high-quality portfolio and prime locations. Disadvantages include its concentration in specific markets and susceptibility to economic downturns.
Major Acquisitions
512 West 22nd Street Property
- Year: 2021
- Acquisition Price (USD millions): 231.1
- Strategic Rationale: Expanded holdings of office spaces
Growth Trajectory and Initiatives
Historical Growth: Historical growth data is not available within this context. Refer to past financial statements and analyst reports for detailed insights.
Future Projections: Future projections require detailed financial modeling and analyst estimates. Check brokerage reports and financial news sources for forecasts of Vornado's performance.
Recent Initiatives: Recent initiatives include strategic asset sales, cost-cutting measures, and focusing on core assets in prime locations.
Summary
Vornado Realty Trust possesses valuable assets in key urban areas, but its concentration in New York City exposes it to regional economic risks. Its current suspension of dividends reflects balance sheet concerns. Strategic asset sales are underway to streamline the portfolio and improve financial stability. Monitoring economic conditions and competition is critical for future performance. They need to make sure occupancy is strong, or they risk significant negative income.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Analyst Reports
- Industry Publications
- Company Website
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Investment decisions should be based on your own research and consultation with a qualified financial advisor. Market share is an approximation based on limited available public information.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Vornado Realty Trust
Exchange NYSE | Headquaters New York, NY, United States | ||
IPO Launch date 1988-01-05 | Chairman of the Board & CEO Mr. Steven Roth | ||
Sector Real Estate | Industry REIT - Office | Full time employees 2996 | Website https://www.vno.com |
Full time employees 2996 | Website https://www.vno.com | ||
Vornado Realty Trust ("Vornado") is a fully-integrated real estate investment trust ("REIT") and conducts its business through, and substantially all of its interests in properties are held by, Vornado Realty L.P. (the "Operating Partnership"), a Delaware limited partnership. Vornado is the sole general partner of and owned approximately 91.4% of the common limited partnership interest in the Operating Partnership as of June 30, 2025. All references to the "Company," "we," "us" and "our" mean, collectively, Vornado, the Operating Partnership and those subsidiaries consolidated by Vornado.
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