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Upturn AI Summary - About
Vornado Realty Trust(VNO)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for VNO
10/02/2026: VNO (2-star) is currently NOT-A-BUY. Pass it for now.
Vornado Realty Trust is a major office-focused real estate investment trust that holds a concentrated portfolio of premium properties in New York City. The company's primary strength lies in its high-quality, transit-oriented assets that attract institutional tenants. Its main growth story centers on large-scale redevelopment projects, such as the PENN District, which aim to modernize urban commercial space. However, investors must monitor risks related to hybrid work trends, interest rate-sensitive debt, and the heavy geographical concentration in Manhattan. Vornado may best suit investors looking for exposure to NYC real estate who are comfortable with the current volatility inherent in the office REIT sector.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | The company's primary business model is anchored in stable income generation rather than aggressive growth. |
| Momentum investor | Weak fit | Momentum metrics are often hindered by the structural headwinds currently facing the urban office REIT sector. |
| Value investor | Mixed fit | The stock may appear undervalued based on asset replacement costs, though risks remain regarding future property valuations. |
| Dividend investor | Mixed fit | While the company pays a dividend, yield sustainability and payout stability are subject to office leasing conditions. |
| Low-risk investor | Weak fit | High leverage and heavy exposure to the Manhattan office market introduce volatility unsuitable for low-risk portfolios. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | The stock price is highly sensitive to interest rate fluctuations and general sentiment toward the office real estate sector. |
| Valuation risk | Medium / high | Uncertainty regarding commercial property valuations in a post-pandemic environment creates potential for write-downs. |
| Competition risk (office demand) | High | Competition for high-quality tenants is intense as buildings must compete on amenities and location. |
| Business quality | Medium | The quality of the physical assets is generally high, though the sector-wide demand decline impacts utility. |
| Dividend income | Medium / high | Dividend payouts depend on consistent rental income, which is currently challenged by office vacancy trends. |
| Execution risk | Medium | Successfully executing large-scale developments like the PENN District requires significant capital and timely leasing. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type Stock | Historic Profit 38.83% | Avg. Invested days 45 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/02/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 6.65B USD | Price to earnings Ratio 1118.67 | 1Y Target Price 39.92 |
Price to earnings Ratio 1118.67 | 1Y Target Price 39.92 | ||
Volume (30-day avg) 1.3M shares | Beta 1.54 | 52 Weeks Range 24.57 - 41.60 | Updated Date 10/02/2026 |
52 Weeks Range 24.57 - 41.60 | Updated Date 10/02/2026 | ||
Dividends yield (FY) 2.18% | Basic EPS (TTM) 0.03 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Office Rentals | Leasing premium office space to tenants in New York City. | Most revenue comes from long-term office leases in Manhattan. |
| Retail Rentals | Leasing ground-floor retail space at office property locations. | Secondary income source from storefronts and retail spaces. |
| Geographic Concentration | Properties primarily located in New York City. | The company's health is tied heavily to the New York City economy. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE 1118.67 | Forward PE 57.14 | Enterprise Value 15.03B | Price to Sales(TTM) 3.54 |
Enterprise Value 15.03B | Price to Sales(TTM) 3.54 | ||
Enterprise Value to Revenue 8.22 | Enterprise Value to EBITDA 16.3 | Shares Outstanding 186.72M | Shares Floating 156.53M |
Shares Outstanding 186.72M | Shares Floating 156.53M | ||
Percent Insiders 7.44 | Percent Institutions 101.8 |
Upturn AI Summary
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.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About Vornado Realty Trust
Exchange NYSE | Headquarters 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 3145 | Website https://www.vno.com |
Full time employees 3145 | Website https://www.vno.com | ||
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.
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