Stock AnalizVornado Realty Trust VNO
Real Estate Investment Trusts · data as of November 13, 2026
Vornado Realty Trust (VNO) is a real estate company listed in the US with a market value of about $7.1B. In the twelve months to September 30, 2026 it had revenue of $1.8B and net income of -$53M, a net margin of -2.9%.
Its overall Stock Analiz score is 2.0 out of 5 (weak). The strongest part is shareholder returns (4/5); the weakest is future growth (1/5).
Key numbers: a price to free cash flow of 17.3, 5-year revenue growth of 3% a year. A discounted cash flow model with moderate assumptions puts its intrinsic value about 35% above the current price.
Score: 2.0 / 5
Checks passed
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- Profit margin improving
- ROE above 15%
- Positive free cash flow
- Liabilities below 60% of assets
- Pays a dividend
- 20% to 100% of free cash flow returned to shareholders
Checks not passed
- P/E below 25
- P/E below the industry median
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year EPS growth above 10% a year
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.8B | $1.8B | $1.8B | $1.8B | $1.8B | $1.6B | $1.5B | $1.9B | $2.2B | $2.1B | $2.0B |
| Net income | -$53M | $905M | $70M | $105M | -$346M | $176M | -$297M | $3.1B | $450M | $227M | $907M |
| Free cash flow | $409M | $962M | $538M | $615M | $796M | $759M | $423M | $593M | $568M | $589M | $608M |
| EPS (diluted) | $-0.28 | $4.20 | $0.04 | $0.23 | $-2.13 | $0.53 | $-1.83 | $16.21 | $2.01 | $0.85 | $4.34 |
| Net margin | -2.9% | 50.0% | 3.9% | 5.8% | -19.2% | 11.1% | -19.4% | 163.5% | 20.8% | 10.9% | 45.3% |
| ROIC | — | — | — | — | — | — | — | — | 8.7% | 8.9% | 7.0% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 13 analysts is $39.23, 13% above the current price; targets range from $31.00 to $50.00; the consensus rating is “Hold”; expected EPS is $-0.57 for the fiscal year ending December 31, 2026.
Frequently asked questions
Is Vornado Realty Trust stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 35% above the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Vornado Realty Trust pay a dividend?
Yes. The dividend yield is about 2.10%, and it has paid dividends for 10 years in our data.
Is Vornado Realty Trust a good stock to buy?
We do not give buy or sell advice. Vornado Realty Trust scores 2.0 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.