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Strong performance of REITs indicates potential price increase for VNO. Historical trends show recovery phases lead to sustained gains.
What happened, with direct paths to the underlying reporting
Office REITs are on track for their best year since 2019. Average gain of 25.4% in office REITs despite ongoing hybrid work. Vornado Realty Trust up 54%, indicating strong recovery signs. Investor confidence rising as some sectors show potential growth. Challenges remain due to long corporate lease durations.
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