REITs seek spinoffs to maximize their assets' value

03/26/2014 | CoStar Group

Several REITs have been spinning off retail assets into stand-alone entities, a move that can maximize the value of their portfolios, analysts say. Vornado is among companies participating in the trend, as it is reportedly considering spinning off its suburban shopping center portfolio. "Whether this merger happens or VNO spins off its strip center portfolio as an independent REIT, we continue to believe there is untapped potential in these assets given the age/location in infill New Jersey/metro N.Y. markets," said analyst Alexander Goldfarb.

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