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Zohran Mamdani Effect? This Leading Manhattan REIT Is Feeling The Heat: Growth Score Plummets - Vornado Realty (NYSE:VNO)
Benzingaยท 2025-12-12 09:33
Core Insights - Vornado Realty Trust (NYSE:VNO) has experienced a significant decline in its Growth score in Benzinga's Edge Stock Rankings, dropping from 50.16 to 2.75 within a week, indicating poor recent quarterly earnings performance [4][3] - The decline in Vornado's Growth score is attributed to structural shifts in New York City's office and retail markets, rather than political changes, as the company has faced ongoing erosion in its funds from operations (FFOs) since the COVID-19 pandemic [4][2] - The company's portfolio, primarily consisting of retail and office space, is under pressure from these market changes, which have not yet returned to pre-pandemic dynamics [4][5] Company Performance - Vornado's Growth score is assessed based on earnings and revenue growth, with both short and long-term trends being equally important [3] - The stock currently scores poorly in Benzinga's Edge Stock Rankings, reflecting unfavorable price trends across short, medium, and long-term periods [6] Market Context - The political backdrop in New York City is changing with the upcoming mayor-elect Zohran Mamdani, whose policies may influence the real estate landscape, but these measures are still prospective and have not yet taken effect [2][5] - Despite potential political influences, Vornado's focus on retail and office space may insulate it from city-wide affordability pressures [5]