Key Takeaways Shares of Vornado Realty Trust (VNO) have risen 8.7% in a month, outperforming the industry's growth of 2.2%. Image Source: Zacks Investment Research VNO outperformed its industry with an 8.7% stock gain, driven by leasing and asset repositioning efforts. A $675M refinancing of Independence Plaza and a$205M asset sale highlight VNO's active JV strategy. VNO leased 709K sq ft in Q1 2025 NYC offices at $95.53 psf, with 6.5% cash mark-to-markets. Vornado enjoys solid balance sheet strength. As o ...