VNO (Vornado Realty Trust) Moat Score: 6/10 (As of Jul. 01, 2026)


VNO Vornado Realty Trust VNO
77 GF Score
Price $39.30
GF Value $32.08
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Vornado Realty Trust Moat Score?

Vornado Realty Trust VNO -0.53% 77 Moat Score is 6 as of Jul. 01, 2026. GuruFocus rates VNO with a GF Score™ of 77/100 and a GF Value™ of $32.08 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 993 REITs companies, Vornado Realty Trust ranks better than 98.49% on this metric.

Vornado Realty Trust has the Moat Score of 6, which implies that the company might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Vornado Realty Trust has Narrow Moat: Vornado Realty Trust has a strong narrow moat with a solid position in the real estate market, benefiting from economies of scale and some regulatory barriers. While it has pricing power and a robust distribution network, it lacks the breadth of advantages for a wide moat.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Vornado Realty Trust might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Vornado Realty Trust  (NYSE:VNO) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Vornado Realty Trust Moat Score Related Terms

VNO vs ARE, CUZ, KRC: Moat Score Comparison

For the REIT - Office subindustry, Vornado Realty Trust's Moat Score, along with its competitors' market caps and Moat Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Vornado Realty Trust Moat Score vs REITs Industry

For the REITs industry and Real Estate sector, Vornado Realty Trust's Moat Score distribution charts can be found below:

* The bar in red indicates where Vornado Realty Trust's Moat Score falls into.


VNO
77GF Score
Vornado Realty Trust VNO
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 6 mean?
Vornado Realty Trust (VNO) has a Moat Score of 6 as of Jul. 01, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Vornado Realty Trust ranks #15 out of 993 companies in the REITs industry, placing it in the top 1.5%.
Is Vornado Realty Trust's Moat Score too high?
Vornado Realty Trust's current Moat Score is 6. Based on the distribution chart, Vornado Realty Trust ranks #15 out of 993 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Vornado Realty Trust has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vornado Realty Trust's Moat Score compare to ARE and CUZ?
According to the REITs industry distribution chart, Vornado Realty Trust ranks #15 out of 993 companies for Moat Score. This places Vornado Realty Trust in the top 2% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a REITs company?
A good Moat Score depends on the REITs industry context. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Vornado Realty Trust's current Moat Score is 6. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vornado Realty Trust stock overvalued right now?
Based on GuruFocus' analysis, Vornado Realty Trust (VNO) is currently considered Modestly Overvalued. The stock's GF Value™ is $32.08, compared to a current price of $39.30 — trading 22.5% above its estimated fair value. The current Moat Score is 6. Vornado Realty Trust's overall GF Score™ is 77/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Vornado Realty Trust (VNO), the current Moat Score is 6 as of Jul. 01, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Vornado Realty Trust (VNO) Overvalued in 2026?

Based on GuruFocus' analysis, Vornado Realty Trust stock appears to be overvalued. The current stock price of $39.30 is trading 22.5% above its estimated GF Value™ of $32.08. GuruFocus considers Vornado Realty Trust to be Modestly Overvalued.

Key valuation signals for VNO:

  • Moat Score: 6
  • GF Value™: $32.08 vs. price of $39.30 (22.5% above fair value)
  • GF Score™: 77/100 with 9 warning signs

No single metric tells the full story. See the VNO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Vornado Realty Trust Business Description

Industry Real EstateREITs
Address 888 Seventh Avenue, New York, NY, USA, 10019
Vornado Realty Trust is a fully integrated real estate investment trust with a portfolio of New York City office, retail, and multifamily assets, and the developer of the new Penn District. While concentrated in New York, the trust also owns assets in both Chicago and San Francisco. It generates revenue in the form of property rentals, fees charged for trade shows, parking revenues, management and leasing fees, etc. Vornado operates in the following reportable segments: New York (its key revenue-generating market) and Other.
77GF Score

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Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$39.30
Price
$32.08
GF Value