Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
How It Works 
News - Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
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
11/06/2026: VNO (3-star) is currently NOT-A-BUY. Pass it for now.
Vornado Realty Trust is a specialized real estate investment trust (REIT) heavily concentrated in premium Manhattan office and retail properties. The company’s primary strengths lie in its high-barrier-to-entry portfolio, particularly its transit-oriented holdings around the Penn Plaza district. The central investment story revolves around the long-term redevelopment of the Penn District, which aims to create a major urban office campus. However, investors face material risks from structural changes in office work, high leverage, and geographical concentration. This stock may suit investors seeking specific exposure to New York commercial real estate, though it demands careful monitoring of interest rates and office occupancy trends.
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 office REIT sector currently faces structural growth headwinds. |
| Momentum investor | Weak fit | The stock has largely underperformed broad market indices recently. |
| Value investor | Mixed fit | The stock trades at a significant discount to NAV, but risks remain high. |
| Dividend investor | Mixed fit | Dividend reliability has been inconsistent due to sector challenges. |
| Low-risk investor | Weak fit | Real estate concentration and debt levels represent significant volatility. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock is sensitive to interest rate shifts and macroeconomic news. |
| Valuation risk | Medium / high | Asset valuations are difficult to assess in a changing interest rate environment. |
| Competition risk (office space) | Medium / high | High-quality office supply in NYC faces stiff competition for premium tenants. |
| Business quality | Medium | The portfolio is high-quality but concentrated in a challenged asset class. |
| Dividend income | Medium | Future dividend stability depends on FFO recovery and capital needs. |
| Execution risk | High | Success depends heavily on the execution of the large-scale Penn District projects. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type Stock | Historic Profit 65.51% | Avg. Invested days 42 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 11/06/2026 |
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 7.30B USD | Price to earnings Ratio - | 1Y Target Price 39.23 |
Price to earnings Ratio - | 1Y Target Price 39.23 | ||
Volume (30-day avg) 1.5M shares | Beta 1.62 | 52 Weeks Range 24.57 - 41.60 | Updated Date 11/08/2026 |
52 Weeks Range 24.57 - 41.60 | Updated Date 11/08/2026 | ||
Dividends yield (FY) 2.06% | Basic EPS (TTM) -0.27 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Office Leasing | Rental income from premium office spaces in Manhattan. | The primary way the company earns money is by leasing office buildings to corporations. |
| Retail Leasing | Rental income from street-level retail units. | The company collects rent from stores located in its high-traffic urban properties. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2026-11-02 | When After Market | Estimate 0.64 | Actual 0.65 |
Profitability
Profit Margin 0.48% | Operating Margin (TTM) 8.49% |
Management Effectiveness
Return on Assets (TTM) 0.85% | Return on Equity (TTM) -0.35% |
Valuation
Trailing PE - | Forward PE 57.14 | Enterprise Value 15.44B | Price to Sales(TTM) 3.85 |
Enterprise Value 15.44B | Price to Sales(TTM) 3.85 | ||
Enterprise Value to Revenue 8.38 | Enterprise Value to EBITDA 16.74 | Shares Outstanding 187.01M | Shares Floating 156.90M |
Shares Outstanding 187.01M | Shares Floating 156.90M | ||
Percent Insiders 7.43 | Percent Institutions 101.07 |
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.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.
All company names, trademarks, logos, and brands are the property of their respective owners and are used for identification and informational purposes only. Use of these names, trademarks, and logos does not imply endorsement by their respective owners.