Opinion: New York REITs still trading at generous discount

05/24/2010 | Forbes

Stock prices for New York City-focused REITs such as Vornado Realty, Boston Properties and SL Green have climbed significantly during the past year, but they still are trading at generous discounts, writes Laura Pomerantz, founding partner of PBS Real Estate. An expected rebound in asking rents for prime space in New York next year is one reason to expect their values to climb even higher.

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