Vornado Realty Trust (VNO)

Vornado Realty Trust's stock price has declined over the past six months, with decreases of 9.75% in the last four weeks, 32.95% over the last 12 months, and 23.71% year-to-date as of late March 2026. This downturn is attributed to office REIT sector headwinds, elevated interest rates, and refinancing risks. Analysts have responded with downgrades and reduced price targets. The company missed analysts' consensus estimates for its fourth-quarter Funds From Operations (FFO), reporting $0.55 per share against an expectation of $0.57. Positive leasing news, such as Meta signing a lease at 697 Fifth Avenue, has been overshadowed by these challenges.

Vornado Realty Trust's stock performance exhibits some seasonal patterns based on 27 years of historical data. July has been the strongest month, with an average return of 3.19% and a 65% win rate, while February tends to be the weakest month, averaging a -3.04% return. The consistency score for this seasonal pattern is considered "Poor" at 33.6. Seasonality in signage revenue has been noted as a factor impacting FFO estimates.

Vornado Realty Trust (VNO) is a real estate investment trust (REIT) focused on owning, managing, and developing high-quality office and retail properties. It operates in the Real Estate sector, specifically the Real Estate Investment Trust industry, with products including office space, street retail, and residential units, and development projects in areas like the Penn District in New York City.

Vornado Realty Trust's portfolio is concentrated in New York City, with a dominant position in Manhattan office and high-street retail. It also holds significant assets such as THE MART in Chicago and a 70% controlling interest in 555 California Street in San Francisco.

Vornado Realty Trust has a strong brand reputation, particularly in sustainability. The company is recognized as a leader in real estate sustainability policy, programs, and results. It owns and manages over 26 million square feet of LEED-certified buildings, with nearly 25 million square feet at LEED Gold or higher, making it the largest owner of LEED-certified property in the United States. Vornado has received the ENERGY STAR Partner of the Year Award, Sustained Excellence in 2024, and has earned a "Green Star" distinction and a 5-star rating for its ESG public reporting from GRESB for multiple years.

Vornado Realty Trust's ownership includes significant institutional backing, with institutional investors holding approximately 67.20% of the stock. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., Norges Bank, Franklin Resources Inc., and State Street Corp. Individual insiders hold 27.03% of the stock, with David Mandelbaum being the largest individual shareholder at 10.60%, followed by Steven Roth at 9.15%, and Russell B. Wight, Jr. at 4.10%.