NYSE:VNOOffice REITs
Vornado Realty Trust (VNO) Stock Gains Attention As FFO Strengthens Margins Stay Thin
Vornado Realty Trust stock closed at US$40.91, up 2.5% on the day, as investors quickly rewarded what looked like a cleaner, stronger quarter. The headline is simple. Funds From Operations, the key metric for a real estate investment trust, landed at US$0.83 per share in Q2, up sharply from Q1, with comparable FFO of US$0.67 beating market expectations.
Short term traders focused on the pop. Longer term investors are weighing a different question: can this improving FFO run rate and firm...