This NYC REIT Thinks Its Stock Is 'Stupid Cheap'

Matthew DiLallo, The Motley Fool
·5-min read

The pandemic has had a significant impact on New York City as the virus hit the city hard, causing substantial economic fallout. The "portfolio is populated with the highest quality assets in all of REITland," according to comments by CEO Steven Roth in Vornado's recent annual shareholder letter.