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.
NYC Real Estate Giant | Vornado Realty Trust, a major player in New York's office and retail market, faces challenges and opportunities amid changing urban landscape |
PENN District Potential | Explore Vornado's ambitious PENN District redevelopment, attracting tech and media tenants with premium rents, poised to drive future growth |
Financial Crossroads | Delve into Vornado's mixed financial performance, with analysts projecting EPS of $2.16 for next fiscal year and an average price target of $31 |
Strategic Asset Moves | Learn how potential high-value property sales and leasing activities could unlock shareholder value and reshape Vornado's market position |
Metrics to compare | VNO | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipVNOPeersSector | |
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P/E Ratio | 73.1x | 33.6x | 9.1x | |
PEG Ratio | 0.29 | 12.44 | 0.01 | |
Price/Book | 2.0x | 2.0x | 0.9x | |
Price / LTM Sales | 4.3x | 8.6x | 3.9x | |
Upside (Analyst Target) | −0.5% | 10.1% | 12.0% | |
Fair Value Upside | Unlock | −5.4% | 0.4% | Unlock |