Vornado Realty Trust holds a high-quality portfolio but faces pressure from rising interest rates impacting both common and preferred shares. VNO's common stock trades at a price-to-book of 1.37 and a forward AFFO yield of 3.9%, justifying a 'Hold' rating amid a premium valuation and low yield. VNO's preferred stocks yield 8.00%–8.35% and trade below par, but credit risks and rate sensitivity warrant a 'Hold' stance despite attractive income.
Vornado Realty Trust (VNO) Presents at BofA NY Global Real Estate Conference 2026 Transcript
Investors interested in REIT and Equity Trust - Other stocks are likely familiar with Vornado (VNO) and Public Storage (PSA). But which of these two stocks presents investors with the better value opportunity right now?
Vornado (VNO) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Vornado (VNO) reported earnings 30 days ago. What's next for the stock?
Vornado Realty Trust NYSE: VNO reported second-quarter comparable funds from operations of $0.67 per share, up from $0.56 a year earlier, as lease commencements at its PENN District properties, stronger signage revenue and improved New York operations contributed to results.
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VNO's Q2 FFO beat estimates as New York same-store NOI rises 11.9%, while strong leasing activity supports growth.
The headline numbers for Vornado (VNO) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Vornado (VNO) came out with quarterly funds from operations (FFO) of $0.67 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to FFO of $0.56 per share a year ago.
Demolition of three buildings is underway on Park Avenue and East 52nd Street for the new skyscraper, where two Griffin-controlled Citadel companies are to be anchor tenants with at least a combined 850,000 square feet.
VNO heads into Q2 2026 earnings with revenues and FFO expected to rise higher as strong leasing and office demand remain in focus.