5 Must-Buy Real Estate Stocks to Invest In

3. Vornado Realty Trust (NYSE:VNO)

On March 11, 2026, Vornado Realty Trust (NYSE:VNO) and LeFrak announced an agreement with Le Colonial to open a new restaurant at 50 West 57th Street, marking the French Vietnamese concept’s return to Manhattan. The restaurant is expected to open in summer 2027 under a 15-year lease and will occupy 9,600 square feet between Fifth and Sixth Avenues in Midtown Manhattan. The location will feature 215 seats with indoor and outdoor dining, along with a full bar, lounge, and private dining areas. Le Colonial also signed a companion office lease for the building’s entire seventh floor to house its New York City offices.

On March 2, 2026, Scotiabank lowered the price target on Vornado to $32 from $36 and maintained a Sector Perform rating as part of a broader update to price targets across U.S. real estate and REIT stocks following Q4 results. Scotiabank said REITs may need to raise development yield targets to prioritize near-term funds from operations per share and added that acquisitions could offer a “better thematic story” for external growth.

Last month, Vornado Realty Trust (NYSE:VNO) reported Q4 adjusted FFO per share of 55c versus the 57c consensus estimate. Revenue totaled $453.7M compared with the $440.23M consensus estimate.

Vornado Realty Trust (NYSE:VNO) is a real estate investment trust with a portfolio of approximately 26 million square feet of New York City office, retail, and multifamily properties and is the developer of the PENN DISTRICT.