WallStSmart

Orion Office Reit Inc (ONL)vsVornado Realty Trust (VNO)

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Smart Verdict

WallStSmart Research — data-driven comparison

Vornado Realty Trust generates 1326% more annual revenue ($1.88B vs $131.61M). VNO leads profitability with a 3.6% profit margin vs -71.3%. VNO earns a higher WallStSmart Score of 43/100 (D).

ONL

Hold

36

out of 100

Grade: F

Growth: 2.7Profit: 3.0Value: 6.7Quality: 3.5
Piotroski: 3/9Altman Z: -0.16

VNO

Hold

43

out of 100

Grade: D

Growth: 4.0Profit: 5.0Value: 5.3Quality: 5.5
Piotroski: 5/9Altman Z: 0.61
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

ONLUndervalued (+34.4%)

Margin of Safety

+34.4%

Fair Value

$3.95

Current Price

$2.50

$1.45 discount

UndervaluedFair: $3.95Overvalued
VNOUndervalued (+34.2%)

Margin of Safety

+34.2%

Fair Value

$45.97

Current Price

$34.10

$11.87 discount

UndervaluedFair: $45.97Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ONL1 strengths · Avg: 10.0/10
Price/BookValuation
0.2x10/10

Reasonable price relative to book value

VNO1 strengths · Avg: 10.0/10
Price/BookValuation
1.3x10/10

Reasonable price relative to book value

Areas to Watch

ONL4 concerns · Avg: 3.0/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Market CapQuality
$143.18M3/10

Smaller company, higher risk/reward

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Return on EquityProfitability
-23.6%2/10

ROE of -23.6% — below average capital efficiency

VNO4 concerns · Avg: 3.0/10
PEG RatioValuation
2.204/10

Expensive relative to growth rate

Profit MarginProfitability
3.6%3/10

3.6% margin — thin

Debt/EquityHealth
1.573/10

Elevated debt levels

P/E RatioValuation
1186.0x2/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : ONL

The strongest argument for ONL centers on Price/Book.

Bull Case : VNO

The strongest argument for VNO centers on Price/Book.

Bear Case : ONL

The primary concerns for ONL are EPS Growth, Market Cap, Piotroski F-Score.

Bear Case : VNO

The primary concerns for VNO are PEG Ratio, Profit Margin, Debt/Equity. A P/E of 1186.0x leaves little room for execution misses. Debt-to-equity of 1.57 is elevated, increasing financial risk.

Key Dynamics to Monitor

ONL profiles as a turnaround stock while VNO is a value play — different risk/reward profiles.

ONL carries more volatility with a beta of 1.60 — expect wider price swings.

VNO is growing revenue faster at 5.0% — sustainability is the question.

VNO generates stronger free cash flow (43M), providing more financial flexibility.

Bottom Line

VNO scores higher overall (43/100 vs 36/100). ONL offers better value entry with a 34.4% margin of safety. Both earn "Hold" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Orion Office Reit Inc

REAL ESTATE · REIT - OFFICE · USA

Orion REIT Inc. (NYSE: ONL.

Vornado Realty Trust

REAL ESTATE · REIT - OFFICE · USA

Vornado Realty Trust is a real estate investment trust formed in Maryland, with its primary office in New York City. The company invests in office buildings and street retail in Manhattan.

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