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Vornado Realty Trust (VNO)

Upturn stock ratingUpturn stock rating
$38.81
Last Close (24-hour delay)
Profit since last BUY-0.26%
upturn advisory
Regular Buy
BUY since 17 days
  • BUY Advisory
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  • SELL Advisory (Loss)​
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Upturn Advisory Summary

06/03/2025: VNO (5-star) is a REGULAR-BUY. BUY since 17 days. Profits (-0.26%). Updated daily EoD!

Upturn Star Rating

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Outstanding Performance

These Stocks/ETFs, based on Upturn Advisory, have historically outperformed the market, making them a top-tier choice for investors.

Number of Analysts

rating

14 Analysts rated it

These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.

Year Target Price $38.86

Year Target Price $38.86

Analyst’s Price TargetsFor last 52 week
$38.86Target price
Low$25.24
Current$38.81
high$45.86

Analysis of Past Performance

Type Stock
Historic Profit 78.64%
Avg. Invested days 31
Today’s Advisory Regular Buy
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 4.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/03/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 7.98B USD
Price to earnings Ratio 73.54
1Y Target Price 38.86
Price to earnings Ratio 73.54
1Y Target Price 38.86
Volume (30-day avg) 14
Beta 1.51
52 Weeks Range 25.24 - 45.86
Updated Date 06/30/2025
52 Weeks Range 25.24 - 45.86
Updated Date 06/30/2025
Dividends yield (FY) 1.93%
Basic EPS (TTM) 0.52

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 8.62%
Operating Margin (TTM) 21.33%

Management Effectiveness

Return on Assets (TTM) 1.57%
Return on Equity (TTM) 2%

Valuation

Trailing PE 73.54
Forward PE 54.35
Enterprise Value 16479857610
Price to Sales(TTM) 4.14
Enterprise Value 16479857610
Price to Sales(TTM) 4.14
Enterprise Value to Revenue 9.09
Enterprise Value to EBITDA 16.48
Shares Outstanding 191948992
Shares Floating 160104789
Shares Outstanding 191948992
Shares Floating 160104789
Percent Insiders 8.34
Percent Institutions 95.08

Analyst Ratings

Rating 4
Target Price 38.86
Buy 1
Strong Buy 2
Buy 1
Strong Buy 2
Hold 7
Sell 3
Strong Sell 1
Strong Sell 1

ai summary icon Upturn AI SWOT

Vornado Realty Trust

stock logo

Company Overview

overview logo History and Background

Vornado Realty Trust was founded in 1982. It initially focused on retail properties in the Northeast before expanding into office and residential real estate, primarily in New York City and other major urban markets. Over time, it's evolved into one of the largest REITs in the US, marked by strategic acquisitions and developments.

business area logo Core Business Areas

  • Office: Owns and manages a substantial portfolio of premier office properties, particularly in Manhattan.
  • Retail: Operates a diverse collection of retail spaces, including flagship locations and urban retail assets.
  • Residential: Owns and operates high-quality residential properties in key urban markets.

leadership logo Leadership and Structure

Steven Roth serves as Chairman and Michael J. Franco as President. Vornado operates under a traditional REIT structure, with a board of trustees overseeing management.

Top Products and Market Share

overview logo Key Offerings

  • Office Space: Premier office properties in Manhattan and other major cities. Vornado is a major player in the NYC office market, though specific market share data fluctuates; precise figures are not consistently published. Competitors include SL Green (SLG) and Boston Properties (BXP).
  • Retail Leasing: Flagship retail locations and urban retail assets, predominantly in prime locations. Market share varies by specific submarket and location. Simon Property Group (SPG) and Brookfield Property Partners (BPY) are competitors.
  • Residential Units: High-end residential apartments. Competing with AvalonBay Communities (AVB) and Equity Residential (EQR). Vornado does not report specific figures.

Market Dynamics

industry overview logo Industry Overview

The REIT sector is influenced by interest rates, economic growth, and property-specific market conditions. Demand for office space is currently facing headwinds from remote work trends, while high-end retail continues to perform well in prime locations.

Positioning

Vornado is positioned as a high-end urban property owner and manager, particularly focused on New York City. Its competitive advantage lies in its prime locations and high-quality assets.

Total Addressable Market (TAM)

The TAM for commercial real estate in the US is estimated to be in the trillions of dollars. Vornado, focuses on high-barrier-to-entry urban markets, securing a position of a premium urban REIT.

Upturn SWOT Analysis

Strengths

  • Prime real estate locations in major urban markets
  • High-quality asset portfolio
  • Experienced management team
  • Strong tenant relationships

Weaknesses

  • High debt levels
  • Concentration in specific geographic markets (NYC)
  • Sensitivity to economic downturns
  • Exposure to changing work patterns (remote work)

Opportunities

  • Redevelopment and repositioning of existing assets
  • Strategic acquisitions in target markets
  • Capitalizing on the demand for high-quality residential space
  • Leveraging technology to improve property management

Threats

  • Rising interest rates
  • Economic recession
  • Increased competition from other REITs
  • Decline in demand for office space

Competitors and Market Share

competitor logo Key Competitors

  • SLG
  • BXP
  • SPG
  • EQR
  • AVB

Competitive Landscape

Vornado's advantage lies in its prime NYC locations, but it faces intense competition from other large REITs with more diversified portfolios. Its high debt levels can be a disadvantage.

Major Acquisitions

767 Fifth Avenue Retail

  • Year: 2019
  • Acquisition Price (USD millions): 700
  • Strategic Rationale: Expanding retail presence in a prime location on Fifth Avenue.

Growth Trajectory and Initiatives

Historical Growth: Vornado's growth has been driven by acquisitions and development of high-quality properties, though it has faced challenges during economic downturns.

Future Projections: Analyst estimates suggest moderate growth in the coming years, contingent on economic conditions and the demand for office space.

Recent Initiatives: Vornado is focused on redeveloping certain assets, exploring strategic partnerships, and reducing debt.

Summary

Vornado Realty Trust is a leading REIT with a strong presence in high-end urban markets, particularly New York City. Its prime locations and quality assets are strengths, but its concentration in NYC and high debt levels pose risks. Future success hinges on adapting to evolving work patterns and managing its debt effectively.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Vornado Realty Trust Investor Relations
  • SEC Filings
  • Yahoo Finance
  • Google Finance
  • Analyst Reports

Disclaimers:

The information provided is for informational purposes only and should not be considered financial advice. Market conditions and company performance are subject to change.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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
Full time employees 2996

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 March 31, 2025. All references to the "Company," "we," "us" and "our" mean, collectively, Vornado, the Operating Partnership and those subsidiaries consolidated by Vornado.