Vornado: A Full Recovery Is Priced In
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Vornado Realty Trust's Q3 results met estimates but showed year-over-year declines in revenue and FFO/share, highlighting challenges in the office real estate market due to weak demand and high vacancy rates.
November 06, 2024 | 5:30 am
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Vornado Realty Trust's Q3 results met expectations but showed declines in revenue and FFO/share, indicating ongoing challenges in the office real estate market.
Vornado's Q3 results, while in line with estimates, showed declines in key financial metrics, reflecting the ongoing challenges in the office real estate market due to weak demand and high vacancy rates. This is likely to negatively impact VNO's stock price in the short term.
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