Vornado (VNO) Surges 35.6% in 6 Months: Will the Trend Last?
Vornado(VNO) ZACKS·2024-08-23 02:25
Shares of Vornado Realty Trust (VNO) have soared 35.6% in the past six months compared with the industry's growth of 9.5%. The company owns a concentration of high-quality office properties strategically located in markets of New York, Chicago and San Francisco. It is poised to benefit from tenants' healthy demand for premier office spaces with class-apart amenities. However, the overall choppy office real estate landscape and a high interest rate environment raise concerns for the company. This month, the ...