
Vornado Realty Trust (VNO-PL)
ValueMarkers Composite Index
85% below intrinsic value ($108)
Vornado Realty Trust (VNO-PL) — VMCI valuation read
VNO-PL screens at VMCI 60/100, a 10-point gap above the Real Estate sector median (50). For a mid-cap Vornado Realty Trust share, that placement says the multi-pillar composite is cheaper or higher quality than the typical peer on a like-for-like basis.
VNO-PL has logged no Form 4 insider activity over the trailing 30 days. The tape reads neither bullish nor bearish on insider conviction. The next signal sits with the 10-Q schedule and the analyst calendar.
**Investor frame.** Value: VNO-PL trades at 20.0x earnings, 11% above the Real Estate median of 18.0x, while EV/EBITDA prints 9.0x against 12.0x for the Real Estate group. Quality: ROIC of 12.0% sits 2.0pp above the Real Estate median (10.0%), the cleanest like-for-like comparison on capital efficiency. Risk: net debt to EBITDA of -0.9x leaves covenant headroom, which sets the rate-cycle exposure for Vornado Realty Trust.
VNO-PL rose 0.3% over the trailing 7 days, with a +4.0% read on a 30-day basis.
Vornado's portfolio is concentrated in the nation's key market — New York City — along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2019. In 2012, Vornado commemorated 50 years on the NYSE.
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