Vornado Realty Trust
boothcheck covers Vornado Realty Trust (VNO) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed June 28, 2026.
- Vornado is a New York-centric office and retail REIT, anchored by a concentrated portfolio in Manhattan plus THE MART in Chicago and 555 California Street in San Francisco. Q1 2026 comparable funds from operations were $0.52 a share, with New York office occupancy at 90.3% and Manhattan leasing at starting rents around $103 a square foot. - The stock is priced like distressed office, but the operating data is recovering. The price sits at roughly six times adjusted funds from operations, low
Is VNO overvalued? See what's priced in →
382 institutional managers reported holding VNO in 13F filings for the quarter ended 2026-03-31. Together they hold about 86% of the company; the top 10 hold 54%. 61 opened new positions that quarter. Held by Vanguard Group, BlackRock, Franklin Resources, among others. On the short side, 11.2M shares were sold short as of the 2026-06-15 count, about 6% of shares outstanding (5.9 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
VNO has cut its share count 1% over the past five years, spending $109.08M on repurchases. It stopped paying its dividend within the past year. Cash returned over the past three years: $85.83M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at VNO over the trailing three years: 2026: 6 buys totaling $5.70M. 5 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
VNO's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-01 | +1.7% | -7.2% |
| 2023-10-31 | -1.7% | +49.5% |
| 2024-02-13 | -6.6% | +2.7% |
| 2024-05-07 | -7.7% | +9.4% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
VNO's latest 8-K filings: 2026-08-03 (items 2.02, 9.01); 2026-05-22 (items 5.07); 2026-05-04 (items 2.02, 9.01); 2026-04-08 (items 7.01, 9.01); 2026-04-07 (items 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.