Vornado Realty Trust (VNO) Stock Up 3.5% and Still Undervalued -- GF Score: 78/100
On May 18, 2026, Vornado Realty Trust (VNO) shares rose 3.5% to a current price of $31.65. The stock has experienced significant volatility over the past year,
VNO - Vornado Realty Trust
Price:
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--
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$36.86
DETAILS
HIGH:
$42.00
LOW:
$33.00
MEDIAN:
$36.00
CONSENSUS:
$36.86
UPSIDE:
15.26%
Stock News
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Vornado JV Completes $161 Million Refinancing of 61 Ninth Avenue
NEW YORK, May 12, 2026 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its 45.1% owned joint venture has completed a $161 million refinancing of 61 Ninth Avenue, a 194,000 square foot office and retail property in the Meatpacking district of Manhattan, which is fully leased to Aetna and Starbucks. The interest only loan, which matures in March 2029, as fully extended, carries a rate of SOFR plus 3.00% for the first year, SOFR plus 3.35% for the second year and SOFR plus 3.85% for the remainder of the term.
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Vornado Realty Trust: Sleeping Well At Night With The Preferreds
Vornado Realty Trust recorded dual beats in its fiscal 2026 first quarter and attractive preferred spreads over US10Y. VNO reported first-quarter revenue of $459.11 million, beating consensus by $31.46 million, with a sequential improvement in the year-over-year revenue dip. Funds from operations (FFO) per diluted share was $0.49, down from $0.67 last year. But New York occupancy rose 30 basis points to 90.3% to end the first quarter.
Vornado Realty Trust (VNO) Q1 2026 Earnings Call Transcript
Vornado Realty Trust (VNO) Q1 2026 Earnings Call Transcript
VNO Q1 FFO Meets Estimates, Revenues Top, Same-Store NOI Grows
VNO posts in-line Q1 FFO as leasing, NOI and occupancy rise in key portfolios, while deals, buybacks and refinancing reshape its balance sheet.
Vornado Realty: Valued On Depressed Earnings, Not Stabilized NOI
Vornado Realty Trust is mispriced as if its depressed earnings are permanent, overlooking its high-quality Manhattan assets and redevelopment upside. VNO's valuation is anchored to stressed cash NOI, but normalization and project completions could drive 13–14% asset-level and up to 82% equity upside. Redevelopment projects, such as PENN District and 623 Fifth Avenue, target 10–12% yields, well above NYC office cap rates, supporting future NOI growth.
Vornado Shares Look Solid Despite Mamdani-Griffin Spat
Vornado Realty Trust reported weaker-than-expected results, but improving occupancy and a potential rebound in 2027 are keeping investors optimistic.
Zohran Mamdani's viral video outside Ken Griffin's penthouse shocks Vornado CEO: ‘Ugly, unnecessary'
The clip, which assailed mega-billionaire Griffin for owning a $238 million apartment, could deflate Griffin's commitment to partner with Vornado and the Rudin organization to build a $4.5 billion skyscraper on Park Avenue between East 51st and 52nd streets.
Here's What Key Metrics Tell Us About Vornado (VNO) Q1 Earnings
The headline numbers for Vornado (VNO) give insight into how the company performed in the quarter ended March 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Vornado (VNO) Q1 FFO Match Estimates
Vornado (VNO) came out with quarterly funds from operations (FFO) of $0.52 per share, in line with the Zacks Consensus Estimate . This compares to FFO of $0.63 per share a year ago.
Vornado Announces First Quarter 2026 Financial Results
NEW YORK, May 04, 2026 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) reported today: Quarter Ended March 31, 2026 Financial Results NET LOSS attributable to common shareholders for the quarter ended March 31, 2026 was $22,842,000, or $0.12 per diluted share, compared to net income attributable to common shareholders of $86,842,000, or $0.43 per diluted share, for the prior year's quarter. FUNDS FROM OPERATIONS ("FFO") attributable to common shareholders plus assumed conversions (non-GAAP) for the quarter ended March 31, 2026 was $96,263,000, or $0.49 per diluted share, compared to $135,039,000, or $0.67 per diluted share, for the prior year's quarter.
REITs Excel, Earnings Swell, Fed Rebels
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Is Vornado Realty Stock a Smart Buy Before Q1 Earnings Release?
VNO is likely to have witnessed a decline in Q1 revenues and FFO as leasing gains meet rent pressure, debt costs and a cautious analyst outlook.
Vornado Realty Trust Announces New $300 Million Share Repurchase Program
NEW YORK, April 29, 2026 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its Board of Trustees has authorized the repurchase of up to $300 million of its outstanding common shares under a new share repurchase program.
Vornado Declares Quarterly Dividends On Preferred Shares
NEW YORK, April 29, 2026 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its Board of Trustees has declared the following quarterly preferred dividends:
Vornado Realty Trust to Purchase 49% Interest in Park Avenue Plaza from Closer Properties
Fisher Brothers Retains Current 51% Majority Stake; Will Continue to Manage and Lease the Trophy Asset Fisher Brothers Retains Current 51% Majority Stake; Will Continue to Manage and Lease the Trophy Asset
Vornado Announces First Quarter Earnings Release Date and Conference Call Information
NEW YORK, April 21, 2026 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that it will file its quarterly report on Form 10-Q for the quarter ended March 31, 2026 with the U.S. Securities and Exchange Commission and issue its first quarter earnings release on Monday, May 4, 2026, after the New York Stock Exchange has closed. The Company will host a quarterly earnings conference call and an audio webcast on Tuesday, May 5, 2026 at 10:00 a.m. Eastern Time (ET).
Price Targets
Vornado price target raised to $33 from $32 at Scotiabank
$33.00
(was $31.21)
Scotiabank
Vornado price target lowered to $34 from $40 at Mizuho
$34.00
(was $28.05)
Mizuho Securities
Vornado price target lowered to $36 from $38 at Piper Sandler
$36.00
(was $31.84)
Alexander Goldfarb
·
Piper Sandler
Vornado price target lowered to $36 from $38 at Scotiabank
$36.00
(was $33.41)
UBS
Vornado price target lowered to $36 from $40 at Truist
$36.00
(was $34.91)
Michael Lewis
·
Truist Financial
Vornado price target lowered to $42 from $43 at Evercore ISI
$42.00
(was $35.26)
Evercore ISI
Vornado price target lowered to $40 from $43 at Mizuho
$40.00
(was $35.04)
Vikram Malhotra
·
Mizuho Securities
Vornado upgraded to Neutral from Underweight at JPMorgan
$41.00
(was $33.84)
New Street
Vornado price target lowered to $43 from $46 at Evercore ISI
$43.00
(was $35.58)
Steve Sakwa
·
Evercore ISI
Vornado price target lowered to $38 from $39 at Piper Sandler
$38.00
(was $34.73)
Piper Sandler
Vornado initiated with a Buy at Ladenburg
$48.00
(was $37.97)
New Street
Vornado price target raised to $46 from $44 at Evercore ISI
$46.00
(was $42.97)
Steve Sakwa
·
Evercore ISI
Vornado price target lowered to $40 from $45 at Scotiabank
$40.00
(was $37.57)
Scotiabank
Vornado Realty Trust (VNO) PT Raised to $40 at Truist Securities
$40.00
(was $43.56)
Michael Lewis
·
Truist Financial
Vornado Realty Trust (VNO) PT Raised to $45 at Evercore ISI
$45.00
(was $41.85)
Steve Sakwa
·
Evercore ISI
Vornado price target raised to $31 from $26 at Truist
$31.00
(was $34.20)
Michael Lewis
·
Truist Financial
Vornado upgraded to Outperform from Underperform at Evercore ISI
$38.00
(was $32.94)
Steve Sakwa
·
Evercore ISI
Vornado upgraded to Neutral from Underweight at Piper Sandler
$30.00
(was $30.00)
Alexander Goldfarb
·
Piper Sandler
Vornado upgraded to Outperform from Market Perform at BMO Capital
$40.00
(was $30.00)
John Kim
·
BMO Capital
Vornado Realty Trust (VNO) PT Lowered to $29 at BMO Capital
$29.00
(was $23.76)
John Kim
·
BMO Capital