Assessing Vornado Realty Trust (VNO) Valuation After Recent Share Price Weakness
Vornado Realty Trust (VNO) is currently drawing investor attention due to mixed short-term stock returns, with a 1-day decline of 0.90% and a 30-day decline of 10.20%, contrasting with a 3-year total shareholder return of 41.19%. Despite recent weaknesses, Simply Wall St assesses Vornado as 22.1% undervalued, with a fair value of $39.80 against its current price of $30.99, anticipating robust rent growth in Manhattan's premium office segment. This valuation, however, is subject to risks like weaker cash flow or execution issues on projects such as the Penn District.
https://simplywall.st/stocks/us/real-estate/nyse-vno/vornado-realty-trust/news/assessing-vornado-realty-trust-vno-valuation-after-recent-sh-1