Thank you for the amazing deep dive on VNO! Learned a ton from your series - really helped fill some of the knowledge gaps in my thesis. I did not do an asset-by-asset valuation but arrived at a similar intrinsic value range by just applying broad assumptions on the various portfolio components.
Gotta respect the MSG photo point and joke
Curious why you haven't looked at ESRT as well.. Even more focused on NYC, conversions and has the Observatory revenue stream that the others do not.
Thank you for the amazing deep dive on VNO! Learned a ton from your series - really helped fill some of the knowledge gaps in my thesis. I did not do an asset-by-asset valuation but arrived at a similar intrinsic value range by just applying broad assumptions on the various portfolio components.