Where Will Vornado Realty Trust Be in 3 Years?
Vornado Realty Trust (NYSE: VNO) has undergone many changes over the years. The diversified real estate investment trust (REIT) has reduced its retail sector presence by selling its stakes in retail REITs PREIT (NYSE: PEI) and Urban Edge Properties (NYSE: UE). It also exited the Washington, D.C., market by spinning off and merging those properties with JBG SMITH Properties (NYSE: JBGS).