Zohran Mamdani Effect? This Leading Manhattan REIT Is Feeling The Heat: Growth Score Plummets

A prominent New York real estate investment trust, with all of its office and street retail properties located in Manhattan, is seeing its Growth score plummet in Benzinga's Edge Stock Rankings over the past week.

The company in focus is Vornado Realty Trust (NYSE:VNO), which owns some of the most expensive and notable properties in the borough, including the Penn 1 skyscraper and the iconic 770 Broadway.

While the decline coincides with a changing political backdrop in New York City, where Democratic Socialist mayor-elect Zohran Mamdani is set to take office on Jan. 1, 2026, Vornado's challenges appear to be...