Vornado Realty: I'm Buying The Dip In The Series O Preferreds As Manhattan Office Demand Soars

Core Insights - Vornado Realty Trust (NYSE: VNO) owns the largest portfolio of high-quality Manhattan office properties on the U.S. stock market, with its common shares increasing over 60% in the last year due to soaring demand for prime Manhattan office properties [1] Group 1: Company Performance - Vornado Realty Trust's equity has seen significant appreciation, reflecting strong market demand for its office properties in Manhattan [1] Group 2: Market Dynamics - The equity market serves as a powerful mechanism for wealth creation or destruction over the long term, influenced by daily price fluctuations [1] - Pacifica Yield focuses on long-term wealth creation by targeting undervalued high-growth companies, high-dividend stocks, REITs, and green energy firms [1]