Higher rents boost Vornado Realty's third-quarter results

11/3/2010 | Wall Street Journal, The

Vornado Realty Trust posted a 26% decline in third-quarter profit -- a drop that was cushioned by higher rents and occupancy levels in its key markets of New York and Washington. The results boost a view that the industry is improving, especially following stronger-than-expected returns from Boston Properties and SL Green Realty.

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Wall Street Journal, The

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