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Vornado Realty Trust

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Vornado reported funds from operations ("FFO") per share of $1.25 for third-quarter 2015, in line with the Zacks Consensus Estimate. The company, with Class A office assets concentrated in a few select high-rent, high barrier-to-entry geographic markets, diverse tenant base and strong balance sheet, is poised for long-term growth. Further, the spin-off of Urban Edge Properties helped the company streamline its business and focus more on core assets. Yet, going forward, high competition and an anticipated rise in interest rate remain as concerns before the company.


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