Zohran Mamdani Wins NYC Election: These 4 Stocks Could Face Pressure From His Rent-Freeze Calls — Are You Exposed?
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Zohran Mamdani's victory in the NYC election raises concerns for certain stocks. NYC REITs ESRT, VNO, and SLG have seen declines due to anticipated pressure on rental income and office demand. Additionally, Flagstar Financial (FLG) has dipped due to worries over its loan exposure to rent-stabilized properties. All three REIT stocks are currently underperforming this year.
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