ZACKSยท2025-05-15 17:51Group 1 - Vornado Realty Trust's 55% owned joint venture has agreed to sell a Class A office building at 512 West 22nd Street for $205 million, with the sale expected to close in Q3 2025 [1] - The joint venture plans to use part of the proceeds to repay a $123.6 million mortgage loan on the property [1] - In January 2025, Vornado's 52% owned street retail joint venture completed the sale of a portion of its flagship store at 666 Fifth Avenue to UNIQLO for $350 million, realizing net proceeds of $342 million [2] Group 2 - Vornado focuses on high-rent, high-barrier-to-entry geographic markets and has a diversified tenant base, which is expected to support long-term growth [3] - Over the past month, Vornado's shares have increased by 14.5%, outperforming the industry average increase of 1.3% [3] Group 3 - Other better-ranked stocks in the REIT sector include VICI Properties and Cousins Properties, both rated Zacks Rank 2 (Buy) [4] - The Zacks Consensus Estimate for VICI's 2025 FFO per share has been revised upward to $2.34, while CUZ's estimate has increased by 1.1% to $2.79 [4]