Vornado Realty Trust stock falls 1.54 percent before November results!ending? nope

Published on 10/06/2026 at 15:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Vornado Realty Trust stock traded at USD 33.21 on October 5, 2026, 20.2 percent below the consensus target of USD 39.91. Q2 revenue rose 4.7 percent year over year.

VNO, US9290421091, Illustration mit AI erstellt.

Vornado Realty Trust stock (ISIN US9290421091) fell 1.54 percent to USD 33.21 on the NYSE on October 5, 2026, before the real estate investment trust's next scheduled report. The latest operating figures show a split picture: revenue expanded, while reported earnings missed expectations.

Revenue grows as EPS misses

Vornado's second-quarter 2026 revenue rose 4.7 percent year over year to USD 462.24 million, according to MarketBeat on September 20, 2026. Adjusted earnings were USD 0.08 per share against a USD 0.57 consensus estimate, a shortfall of USD 0.49, although revenue exceeded the USD 454.46 million estimate.

The operating comparison was more favorable. In its Q2 2026 earnings call on August 4, 2026, Yahoo Finance reported comparable FFO of USD 0.67 per share, up from USD 0.56 in the prior-year quarter. That USD 0.11 increase points to lease commencements at PENN 1 and PENN 2 as a key earnings driver.

Leasing lifts New York occupancy

Management said New York office occupancy reached 92.2 percent in the second quarter, up 60 basis points from the previous quarter and above the 84.4 percent trough reported for the first quarter of 2025. The company also leased 659,000 square feet of Manhattan office space during the first half of 2026 at USD 105 per square foot in average starting rents.

The leasing pipeline gives the operating story a measurable second leg. Vornado said 29 Manhattan office deals in the second quarter covered 328,000 square feet at USD 107 per square foot, while same-store New York office NOI increased 13.7 percent on a GAAP basis and 11.9 percent on a cash basis.

Consensus target stays above the stock

MarketBeat reported on September 20, 2026, that 13 brokerages held a consensus Hold rating, comprising four Buys, five Holds and four Sells. The average 12-month price target was USD 39.91, which places the target 20.2 percent above the October 5 price of USD 33.21.

AltIndex lists November 2, 2026, as Vornado's next earnings date in its October 5 calendar update, with a consensus EPS estimate of USD 0.06, according to AltIndex.

Vornado Realty Trust stock stays below yearly high

Vornado Realty Trust stock was last at USD 33.21 on the NYSE on October 5, 2026. Its 52-week range was USD 24.57 to USD 41.61, while market capitalization stood at USD 6.2 billion and volume reached 1,404,887 shares.