VNO

Vornado Realty Trust

Real Estate · $6.4B market cap

Share price

$33.73

close of Oct 3, 2026

Fair value

$58.46

Sticker Price

Payback Price

$23.38

buy price

Undervalued

VNO is Undervalued: at $33.73 it trades 42% below its fair value of $58.46. Its buy price (Payback Price) is $23.38, 31% below today's price. Business quality is limited: none of the 5 key numbers clears the 10% bar.

How we valued it

FFO-Based (REIT). A real estate trust. Depreciation makes a property owner's profit look smaller than the cash it brings in, so we value it on funds from operations (FFO).

Business quality

0 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth2.8% a year✗

Equity per share growth-1.5% a year✗

Sales growth-3.1% a year✗

Free cash flow growth6.1% a year✗

Return on invested capital1.2%✗

Follow VNO

Get notified when it reaches its buy price of $23.38. Free.

Create a free account

Superinvestors

1 of the investors we track holds VNO. Who we track

First Pacific Advisors

First Pacific Advisors · as of Q2 2026

$66.2M

1,683,761 shares

Insider activity

Since Jun 17, 2026: no open-market purchases and 2 sales worth $4.9M. Why purchases matter

Sales

Fascitelli Michael D

director · 2026-06-17

Sold

$299K

Fascitelli Michael D

director · 2026-06-17

Sold

$4.6M

About Vornado Realty Trust

Vornado's property holdings are predominantly focused on the crucial New York City market, complemented by a top-tier asset in both Chicago and San Francisco. The company is also at the forefront of the real estate sector regarding its sustainability initiatives. Demonstrating this commitment, Vornado manages an extensive portfolio exceeding 23 million square feet of LEED-certified buildings and was recognized with…

REIT - Office