We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Vornado Stock Soars 44.9% in Three Months: Will This Momentum Last?
Read MoreHide Full Article
Key Takeaways
Vornado Realty Trust gained 44.9% in three months, outpacing the industry's 11.9% growth.
VNO acquired a 49% stake in Park Avenue Plaza and expects it to be accretive in year one.
VNO had $2.6 billion in liquidity as of March 31, 2026, with most near-term maturities addressed.
Shares of Vornado Realty Trust (VNO - Free Report) have rallied 44.9% over the past three months, outperforming the industry’s growth of 11.9%.
Vornado’s premium assets in a few select high-rent, high-barrier-to-entry markets are likely to prosper amid healthy demand. Portfolio actions and financial liquidity bode well.
In mid-June, VNO announced the completion of the acquisition of a 49% interest in Park Avenue Plaza, a landmark Manhattan office property. The property was acquired at a gross valuation of $1.1 billion.
Analysts seem positive about this Zacks Rank #2 (Buy) company. The Zacks Consensus Estimate for its 2026 funds from operations (FFO) per share has been revised upward by 1 cent over the past month to $2.34.
Image Source: Zacks Investment Research
Factors Behind VNO Stock’s Price Surge
Demand for amenity-rich, transit-oriented office space should support rental revenue growth for Vornado. In the first quarter of 2026, Vornado leased 426,000 square feet of office space, including 311,000 square feet in New York. Management cited more than 1 million square feet of New York office leases in negotiation, evenly split between new and expansion leases and renewals. This supports Vornado’s ability to capture demand for top-quality space.
Vornado, focused on improving its core business, continues to pursue opportunistic investments and select asset dispositions. The above Park Avenue Plaza acquisition complements Vornado’s Plaza District holdings and expands its exposure to premier Manhattan office assets. Management expects Park Avenue Plaza to be approximately 10 cents accretive on a full-year basis in the first year.
Vornado enjoys solid balance sheet strength. As of March 31, 2026, the company had $2.6 billion of liquidity, including $1.21 billion of cash and restricted cash, and $1.39 billion available under revolving credit facilities. Management said it has addressed almost all 2026 and 2027 maturities.
Key Risks for VNO Stock
The geographic concentration of assets and competition from developers and operators are key concerns for Vornado. A high debt burden adds to its woes.
The Zacks Consensus Estimate for CUZ’s 2026 FFO per share has been revised up marginally over the past three months to $2.93.
The consensus estimate for LAMR’s 2026 FFO per share has been raised northward 2.2% to $8.81 over the past two months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.
View the Zacks #1 Rank List
Image: Shutterstock
Vornado Stock Soars 44.9% in Three Months: Will This Momentum Last?
Key Takeaways
Shares of Vornado Realty Trust (VNO - Free Report) have rallied 44.9% over the past three months, outperforming the industry’s growth of 11.9%.
Vornado’s premium assets in a few select high-rent, high-barrier-to-entry markets are likely to prosper amid healthy demand. Portfolio actions and financial liquidity bode well.
In mid-June, VNO announced the completion of the acquisition of a 49% interest in Park Avenue Plaza, a landmark Manhattan office property. The property was acquired at a gross valuation of $1.1 billion.
Analysts seem positive about this Zacks Rank #2 (Buy) company. The Zacks Consensus Estimate for its 2026 funds from operations (FFO) per share has been revised upward by 1 cent over the past month to $2.34.
Image Source: Zacks Investment Research
Factors Behind VNO Stock’s Price Surge
Demand for amenity-rich, transit-oriented office space should support rental revenue growth for Vornado. In the first quarter of 2026, Vornado leased 426,000 square feet of office space, including 311,000 square feet in New York. Management cited more than 1 million square feet of New York office leases in negotiation, evenly split between new and expansion leases and renewals. This supports Vornado’s ability to capture demand for top-quality space.
Vornado, focused on improving its core business, continues to pursue opportunistic investments and select asset dispositions. The above Park Avenue Plaza acquisition complements Vornado’s Plaza District holdings and expands its exposure to premier Manhattan office assets. Management expects Park Avenue Plaza to be approximately 10 cents accretive on a full-year basis in the first year.
Vornado enjoys solid balance sheet strength. As of March 31, 2026, the company had $2.6 billion of liquidity, including $1.21 billion of cash and restricted cash, and $1.39 billion available under revolving credit facilities. Management said it has addressed almost all 2026 and 2027 maturities.
Key Risks for VNO Stock
The geographic concentration of assets and competition from developers and operators are key concerns for Vornado. A high debt burden adds to its woes.
Other Stocks to Consider
Some other top-ranked stocks from the broader REIT sector are Cousins Properties (CUZ - Free Report) and Lamar Advertising (LAMR - Free Report) , each carrying a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for CUZ’s 2026 FFO per share has been revised up marginally over the past three months to $2.93.
The consensus estimate for LAMR’s 2026 FFO per share has been raised northward 2.2% to $8.81 over the past two months.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.