Vornado Realty Trust - Commercial Real Estate REIT Benefits from Rising Rental Income!
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Business drivers: Vornado Realty Trust (VNO) focuses on office and retail properties, particularly in lucrative locations such as New York City, as well as Washington, D.C., Chicago, and San Francisco. Thanks to the robust U.S. domestic economy, the company is currently benefiting from rising rental income and a higher occupancy rate in commercial and office real estate. On May 5, the company surprised with a better than expected Q1 result. The adjusted earnings per share were $0.63, exceeding consensus expectations of 56 cents.
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