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Posted by
Two Blokes Jun 15 -
Filed in
Stock
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8 views
Empire State Realty Trust is heavily exposed to older New York City office buildings, which I do not see as well-suited for current macroeconomic conditions. The REIT's tourism and retail-related revenues also at risk if NYC's business climate weakens. The 1.6% dividend yield is unattractive compared to the current REIT landscape.
