Vornado Realty Trust (VNO)
NYSEReal EstateReit - OfficeSnapshot 2026-11-04
$36.29+7.14%
Close 2026-11-04 · 1-day change
NYSEReal EstateReit - OfficeSnapshot 2026-11-04
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Put VNO beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Office REITs is in supercycle. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Sustain revenue growth near 7% annually: Comparison needs review.
View ThesisRevenue is growing steadily — about 2% over the past year.
View GrowthRanks in the weakest quality tier of its industry — roughly the bottom 15%, softest on free-cash-flow margins.
View QualityManagement screens strong on the balance sheet.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationModerate volatility — typically moves about 1% a day.
View RiskVornado's revenue growth must sustain its 7% annual pace to justify the price. Revenue grew 4% year over year in the latest quarter. The company beat estimates by 18% in the prior quarter. It trades at 10x P/FFO versus a 12x peer median. The price reflects less growth than our forecast suggests. The primary pillar is under pressure, but the comparison needs review. The thesis comparison is not yet verified. Peer multiples imply a price about 14% below where it trades. The thesis is on watch. This read is provisional.
Trailing returns as of 2026-11-04. VNO is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 13 analysts currently covering VNO (as of Nov 2026).
Based on 6 Wall Street analysts offering 12-month price targets for VNO in the last 4 months.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| VNO Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 7 valuation methods, at three horizons. As of 2026-11-04. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Office REITs — fair value, gap to price, and forward P/E.
Compare the value case
Put VNO next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Acquisition of Park Avenue Plaza
Closing a large loan advances the 350 Park Avenue project, though it is not the Park Avenue Plaza acquisition.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-11-04. EPS is implied from price ÷ P/E. Not investment advice.
Current $36.29
The last 12 months of price, then the range of analyst 12-month targets from today’s $36.29.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Below average on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Threatens: Leasing and occupancy improvement
Special servicing may impact leasing and occupancy improvement efforts.
Advances: Leasing and occupancy improvement
Strong FFO beat indicates improved leasing and occupancy.
Advances: Leasing and occupancy improvement
Improved occupancy supports leasing and growth objectives.
Advances: Acquisition of Park Avenue Plaza
Major update could enhance growth prospects for Park Avenue Plaza.
Downgrade indicates potential valuation concerns affecting investor sentiment.
Advances: Acquisition of Park Avenue Plaza
Acquisition aligns with growth strategy and enhances portfolio.
Advances: Acquisition of Park Avenue Plaza
Acquisition aligns with growth strategy and expands portfolio.