Back to top

Image: Bigstock

Vornado Realty Trust

Read MoreHide Full Article

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.

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

Vornado Realty Trust (VNO) - free report >>

Published in