Vornado's short-term goal: "Bolster our balance sheet"

11/25/2009 | REIT.com

Building financial strength and extracting maximum value from its existing assets are the top, immediate objectives for Vornado Realty Trust, said Mike Fascitelli, the REIT's CEO. "The short-term goal for Vornado is to bolster our balance sheet to be the best in class," he said. "I think we are almost there. Second, we want to make sure we maximize our operating performance and our assets."

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