Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Vornado Realty Trust Q4 FFO Down - Quick Facts

RELATED NEWS
Trade VNO now with 

Vornado Realty Trust (VNO: Quote) reported that its fourth-quarter funds from operations attributable to common shareholders plus assumed conversions or FFO was $280.4 million or $1.46 per share, down from $432.9 million or $2.27 per share, for the prior year's quarter.

Adjusting FFO, quarter was $220.1 million or $1.15 and $218.3 million, or $1.15 per share last year.

Revenues for the quarter rose to $741.82 million from $702.84 million in the prior year quarter.

Net income attributable to common shareholders for the quarter was $69.5 million, or $0.37 per share, compared to $243.4 million, or $1.31 per share, for the quarter ended December 31, 2010.

Net income for the quarters ended December 31, 2011 and 2010 includes $1.9 million and $62.7 million, respectively, of net gains on sale of real estate, and $28.8 million and $104.0 million, respectively, of real estate impairment losses.

Adjusting net income attributable to common shareholders for the quarter was $34.5 million or $0.18, down from $69.9 million, or and $0.40 per share in the year ago quarter.

Analysts polled by Thomson Reuters expected the company to report earnings of $1.24 per share on revenues of $666.64 million for the quarter. Analysts' estimates typically exclude special items.

Register
To receive FREE breaking news email alerts for Vornado Realty Trust and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Kraton Performance Polymers, Inc. (KRA), Wednesday reported second-quarter net income of $11.1 million or $0.33 per share, up from $3.8 million or $0.12 per share last year. Adjusted earnings improved to $0.46 per share from $0.15 per share last year. Revenues for the quarter dropped to $323.8... Organic grocer Whole Foods Market, Inc. said Wednesday after the markets closed that its third quarter profit rose 6.3% from last year, as same-store sales increased 3.9%. The company's quarterly earnings per share also came in above analysts' expectations, but its quarterly sales fell shy of analyst' forecast. Micro-blogging site Twitter Inc said Tuesday after the markets closed that its second quarter loss widened from last year, hurt mainly by stock-based compensation expense, even as revenue more than doubled thanks to growth in advertising. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.