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Better Buy: VEREIT vs. Empire State Realty Trust

Jul 20, 2020 by Matthew DiLallo

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"The Board's decision to reduce the dividend this quarter is not based generally upon a micro review of our business but, more importantly, on a macro review of an uncertain economy. We chose this base amount on which to build the dividend while protecting against any increase in debt. As more information is available in each of the next two quarters, this decision will be under constant review."

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