Vornado Realty (0LR2) Share Price & Analysis
0LR2 Stock Chart & Stats
- Day’s Range
- $35.10 - $35.70
- 52-Week Range
- $24.93 - $41.54
- Previous Close
- $34.51
- Volume
- N/A
- Average Volume (3M)
- 369
- Market Cap
- $7.03B
- Enterprise Value
- $17.10B
- Total Cash (Recent Filing)
- $675.35M
- Total Debt (Recent Filing)
- $9.06B
- Price to Earnings (P/E)
- ―
- Beta
- 1.11
- Next Earnings
- Feb 08, 2027 (Est.)
- EPS Estimate
- -0.19
- Last Dividend Ex-Date
- Dec 18, 2025
- Dividend Yield
- 2.08%
Bulls Say, Bears Say
Bulls Say
Improving Office Occupancy
Rising occupancy improves recurring rental income and supports stronger property-level cash flow. The recovery from the 84.4% trough, combined with more than 2.2 million square feet in negotiation, indicates broad leasing momentum that can remain relevant across coming quarters.
Strong Same-Store NOI Growth
Double-digit office same-store NOI growth demonstrates improving performance from the existing portfolio, not only acquisitions or development. Higher cash NOI strengthens recurring earnings capacity and provides a durable base for reinvestment, debt service, and future leasing initiatives.
Substantial Liquidity
A large liquidity position gives Vornado flexibility to fund leasing, capital improvements, and development while managing refinancing needs. This financial cushion can help the company withstand uneven property cash flows and pursue opportunities without relying exclusively on near-term asset sales or capital markets.
Bears Say
Historically High Leverage
Historically elevated leverage increases sensitivity to interest costs and refinancing conditions, particularly for a capital-intensive office REIT. It can constrain financial flexibility, reduce the cash available for redevelopment, and make portfolio performance more vulnerable when property income or asset values weaken.
350 Park Development Risk
The 350 Park project creates a multi-year period of capital intensity and lost current income before benefits are realized. Construction timing, funding requirements, and delayed returns could pressure cash generation and execution capacity, even if the completed development ultimately improves the portfolio.
Uneven Cash Generation
Volatile cash conversion makes reported profitability less dependable as a source of funding for operations and investment. The sharp TTM free-cash-flow decline may limit internally generated capital for leasing and development, increasing reliance on liquidity, asset sales, or external financing.
Vornado Realty News
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Vornado Realty Stock Smart Score
Company Description
Vornado Realty
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 the Energy Star Partner of the Year Award for Sustained Excellence in 2019. A significant corporate milestone was reached in 2012 when Vornado celebrated five decades of being listed on the New York Stock Exchange.
- Sector
- Realestate
- Industry
- REIT - Office
- CEO
- Steven Roth
- Employees
- 3,145
- Website
- www.vno.com
- Address
- 888 Seventh Avenue, New York City, NY, 10019-4499, US
Vornado Realty (0LR2) Earnings & Revenues
0LR2 Earnings Call
Earnings Call SentimentPositive
The call presented a majority of positive operational and financial developments: a clear beat to FFO, strong same-store NOI growth, accelerating Manhattan leasing with rising starting rents, a large leasing pipeline (including a 1 million sq ft Citadel commitment), accretive acquisitions (Park Avenue Plaza, 623 Fifth Avenue), and robust liquidity and buybacks. Offsetting concerns include higher net interest expense, lag between signed leases and GAAP earnings recognition, capital intensity and timing risk for major development (350 Park Avenue), and a material stock NAV discount. Overall, the positives (strong leasing momentum, NOI gains, pipeline, liquidity and accretive deals) materially outweigh the near-term lowlights and execution/timing risks.
View all GB:0LR2 earnings summaries0LR2 Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 13 | 3 | 5 |
| Technical Analysis | 2 | 3 | 4 |
| Moving Averages | 11 | 0 | 1 |








