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Throughout Macy's first quarter earnings call on Might 13, Chief Monetary Officer Karen Hoguet addressed the corporate's actual estate technique, suggesting that some estimates valuing its property have been completed "over simplistically." In accordance with its final annual report, Macy's property has a guide value of $7.eight billion.
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Thirty-one percent of these surveyed chose actual estate as their go-to long-time period funding, with stocks and mutual funds following behind, with 25% convinced of their lengthy-term investment potential.
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