Financial Estimates And Price TargetThe analyst is raising FFO estimates and price target, supported by continued leasing improvement in New York as well as lower interest rates.
Leasing Spreads And RentNY Office cash leasing spreads increased to +10.4% with initial rents at the second highest on record.
Occupancy And Leasing ActivityOccupancy increased across three major segments: NY, The MART, and 555 California.