Vornado Realty Trust ($VNO) Stock Forecast: Down 5.1% Today

What is Vornado Realty Trust?

Vornado Realty Trust (VNO) is a real estate investment trust specializing in premium Class A office properties, with a significant presence in Manhattan, particularly in the Penn District.

Why is Vornado Realty Trust going down?

VNO stock is down 5.1% on Feb 11, 2026 20:21

• Vornado's stock experienced a bearish movement despite positive news of Manhattan office leasing reaching a decade high, indicating that other factors are at play in the market sentiment.
• Steven Roth's aggressive share buyback strategy to counter the stock's poor performance reflects confidence in the company's long-term value but may not have been sufficient to offset broader market concerns.
• The slight uptick in pre-market trading following the earnings call suggests that investors are cautiously optimistic about Vornado's future earnings growth projections despite the Q4 2025 EPS dip.
• The completion of a significant refinancing deal for One Park Avenue strengthens Vornado's liquidity position, but concerns around interest rates and valuation may have contributed to the bearish movement in the stock price.

VNO Price Chart

VNO Technical Analysis

VNO News

Vornado Realty Trust REIT (VNO) Shares Rise as New York Office Leasing Volume Hits Decade High

Shares of Vornado Realty Trust (VNO) rose after reporting that Manhattan office leasing activity reached a decade high in Q4 2025, driven by strong demand in its Penn District portfolio. Despite missing FFO estimates due to higher interest expenses, the company saw increased revenue and occupancy, with management optimistic about a "landlord's market" for premium Class A assets. Challenges remain from rising interest rates and reliance on rent concessions, though the company maintains strong liquidity and strategic development projects.

https://news.alphastreet.com/vornado-realty-trust-reit-vno-shares-rise-as-new-york-office-leasing-volume-hits-decade-high/

Steven Roth looks to build up Vornado’s flailing stock price

Steven Roth, head of Vornado Realty Trust, is aggressively buying back company shares to counter its poor stock performance, despite his recent successes in new property acquisitions and developments. Vornado's stock has dropped significantly, and Roth believes it is "stupid cheap," representing a better investment than many other options. This strategy comes amid broader market concerns for office landlords and a high office vacancy rate in Manhattan, with Roth indicating a willingness to sell properties to fund further share repurchases.

https://www.crainsnewyork.com/real-estate/steven-roth-looks-build-vornados-flailing-stock-price

Earnings call transcript: Vornado Realty Trust sees Q4 2025 EPS dip

Vornado Realty Trust reported a Q4 2025 EPS of $0.55, a decrease from $0.61 in Q4 2024, despite an increase in Manhattan office occupancy to 91.2%. The company's stock experienced a slight pre-market uptick, and it announced expectations for 2026 comparable FFO to align with 2025 levels, with significant earnings growth projected for 2027. Vornado is also undertaking major development projects, including 350 Park Avenue and 623 Fifth Avenue, and has been actively buying back shares.

https://www.investing.com/news/transcripts/earnings-call-transcript-vornado-realty-trust-sees-q4-2025-eps-dip-93CH-4497415

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

Vornado completes $525 million refinancing of One Park Avenue

Vornado Realty Trust has successfully completed a $525 million refinancing for its One Park Avenue property in Manhattan. This new interest-only loan, set at SOFR plus 1.78% and maturing in February 2031, replaces an older loan with a lower rate. The refinancing strengthens Vornado's liquidity as commercial real estate adapts to higher interest rates, with New York University leasing a significant portion of the building.

https://www.investing.com/news/company-news/vornado-completes-525-million-refinancing-of-one-park-avenue-93CH-4495097

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Vornado Realty Trust ($VNO) Stock Forecast: Down 5.1% Today

Vornado Realty Trust Price History

04.10.2025 - VNO Stock was down 5.0%

• The bearish movement in VNO could be due to profit-taking by investors after a recent price increase.
• The announcement of quarterly dividends on preferred shares may have led to concerns about the company's cash flow and future growth prospects.
• Investors might be reacting negatively to the timing of the dividend payment, possibly indicating challenges or uncertainties ahead for the company.
• Overall, the market sentiment towards VNO seems cautious, possibly reflecting broader economic concerns impacting the real estate sector.

01.04.2025 - VNO Stock was up 5.7%

• VNO stock showed significant upward movement today.
• The company declared quarterly dividends on preferred shares, reflecting financial stability and potential returns.
• Vornado also revealed the upcoming release date for its first-quarter earnings, likely creating positive investor outlook.
• These disclosed details possibly influenced the bullish market trend of VNO stock, as investors responded favorably to the company's financial position and imminent earnings update.

24.05.2025 - VNO Stock was down 1.7%

• The recent bullish trend in VNO stock, driven by strong leasing momentum and portfolio shifts, may have led to profit-taking by investors today, causing the bearish movement.
• Investors who had previously benefited from the 8.7% gain in VNO stock over the past month might have decided to sell off their positions today, contributing to the downward movement.
• It is possible that some investors are cautious about the sustainability of Vornado's recent positive developments, leading to a sell-off and the bearish movement observed today.

22.07.2025 - VNO Stock was up 5.2%

• Vornado experienced a surge in its stock value attributed to the successful sale of its property at 512 West 22nd Street for $205 million, resulting in $38 million in net proceeds and an expected $11 million gain.
• The sale showcases Vornado's efficient management of real estate assets and its ability to seize lucrative opportunities in the market.
• Investors likely responded positively to this development, recognizing Vornado's capacity to generate profits and enhance its property portfolio for future growth.

12.06.2024 - VNO Stock was up 5.3%

• Vornado Realty Trust (VNO) saw a significant uptrend following an upgrade to a "sell" rating.
• While a "sell" rating might appear paradoxical, it could indicate that the stock was previously overpriced and is now considered a more appealing investment at a lower value.
• This upgrade likely stimulated optimism among investors, resulting in the uptick in VNO's stock price.
• It is recommended for investors to monitor how this upgrade impacts VNO's performance in the upcoming days and assess its compatibility with their investment strategies.

06.07.2024 - VNO Stock was up 11.7%

• Vornado Realty exceeded expectations for earnings per share (EPS) and revenue in the second quarter of 2024, surpassing analyst forecasts. This positive financial performance likely influenced the increase in VNO stock.
• Despite a decline in net income from the previous quarter, the market appeared more interested in the strong earnings and revenue results for Q2 2024.
• The joint venture of Vornado's retail sector engaging in a $350 million agreement with UNIQLO may have also contributed to heightened investor confidence in VNO stock, demonstrating savvy maneuvers in the premium real estate sector.
• Overall, the combination of robust financial outcomes and strategic business moves like the UNIQLO transaction likely propelled the rise in VNO stock today.

07.07.2024 - VNO Stock was down 5.0%

• Vornado Realty Trust (VNO) surpassed expectations in the second quarter, exceeding estimates for funds from operations (FFO) and revenue. However, a prevailing pessimistic market sentiment caused a decline in the stock price.
• Even though Vornado surpassed expectations in earnings per share (EPS) and revenue, its net income for the quarter decreased compared to the previous year, which may have sparked investor concerns.
• The overall decrease in total same-store net operating income (NOI) and the year-over-year revenue drop likely influenced the downward trend of VNO stock.
• Investors seem to be concentrating on the unfavorable aspects of the earnings report, such as the reduction in total same-store NOI and operating income, prompting a sell-off of Vornado Realty Trust shares despite the positive earnings outcomes.

05.07.2024 - VNO Stock was up 6.1%

• The rise in VNO stock today could be linked to investors' confidence ahead of the upcoming second-quarter earnings announcement.
• The company's decision to issue dividends on preferred shares may have also influenced positive investor sentiment, underscoring its dedication to rewarding shareholders.
• Despite the projected drop in revenues and FFO per share, the focus seems to be on Vornado Realty Trust's ability to withstand a slowing U.S. economy, as indicated in a recent report citing healthy job growth. This favorable assessment of the overall market conditions might be fueling VNO's stock performance.

11.01.2025 - VNO Stock was up 3.1%

• Quarterly dividends on preferred shares were announced, showcasing the company's financial stability and dedication to rewarding shareholders, potentially enhancing investor confidence in VNO.
• Dividends are commonly interpreted as a reflection of a firm's robust financial position and outlook, attracting higher investor attention and a positive shift in the stock's performance.
• The dividend declaration might have enticed new investors searching for income potential, playing a role in the favorable trajectory of VNO's stock.

23.03.2025 - VNO Stock was up 5.0%

• The bullish movement in VNO's stock could be attributed to the positive news of the ground rent reset determination for the PENN 1 land parcel, indicating a favorable outcome for the company.
• This announcement likely instilled confidence in investors regarding Vornado's financial stability and future revenue streams, leading to increased buying interest in the stock.
• The market's reaction suggests that investors view this development as a positive sign for Vornado's overall business operations and long-term growth potential, driving the stock price higher.

17.06.2025 - VNO Stock was down 2.2%

• Speculations arise that VNO's decline may be linked to concerns over the impact of rising mortgage volatility on its property holdings.
• Investors are expressing apprehension about potential downward pressure on VNO's book value, akin to the situation observed with Dynex Capital (DX).
• The prevailing negative market sentiment surrounding REITs, influenced by uncertainties in the real estate sector, likely contributed to VNO's significant bearish movement today.

11.01.2026 - VNO Stock was down 5.1%

• Vornado's stock experienced a bearish movement despite positive news of Manhattan office leasing reaching a decade high, indicating that other factors are at play in the market sentiment.
• Steven Roth's aggressive share buyback strategy to counter the stock's poor performance reflects confidence in the company's long-term value but may not have been sufficient to offset broader market concerns.
• The slight uptick in pre-market trading following the earnings call suggests that investors are cautiously optimistic about Vornado's future earnings growth projections despite the Q4 2025 EPS dip.
• The completion of a significant refinancing deal for One Park Avenue strengthens Vornado's liquidity position, but concerns around interest rates and valuation may have contributed to the bearish movement in the stock price.