Analysts doubt Vornado can take on many distressed retail deals

Vornado Realty Trust has a lot of experience buying retail properties from store owners in trouble in previous downturns. But analysts doubt they will see much of that this time around. "We don't believe the $2.4 billion war chest on [Vornado's] balance sheet will be used for opportunistic investments but rather to manage its unsecured debt," Sandler O'Neill & Partners analyst Alexander Goldfarb wrote in a report.

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