Summary Discounted prices in NYC present a truly unique asset opportunity. The Vornado opportunity is courtesy of commercial office space being one of the least attractive real estate sectors today. Vornado is trading at 0.64x its reported book value and at a 50% discount to the sector. While sector risks remain elevated, Vornado’s share price fully reflects this reality. Real estate is about three things: location, location, and location. Looking for more investing ideas like this one? Get them exclusively at stoxdox. Learn More » OlegAlbinsky/E+ via Getty Images The above photo of New York City literally depicts the Vornado Realty Trust (NYSE: VNO ) opportunity. As the saying goes, real estate is about three things: location, location, and location. As there is much truth in the saying, discounted prices in the above neighborhood present a truly unique asset opportunity. Risk/Reward Rating: Positive Most would agree that the above photo represents some of the most valuable real estate in the world. The Vornado opportunity is courtesy of commercial office space being one of the least attractive real estate sectors today, due to the post-COVID remote working trend. Commercial office space comprises 77% of Vornado’s real estate portfolio with retail […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
