Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Vornado Realty Trust Q4 FFO Down - Quick Facts

RELATED NEWS
Trade VNO now with 
2/27/2012 6:13 PM ET

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

Editors Pick
Apple Inc. said Wednesday after the markets closed that its second quarter profit rose 7% from last year, as sales surged and margins improved amid strong sales of its iPhones. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue. At the same time, the company gave a slightly downbeat revenue forecast for the current quarter. Stocks moved mostly lower during trading on Wednesday, giving back some ground after trending higher over the past several sessions. Selling pressure was relatively subdued, however, limiting the downside for the markets. The major averages all closed in the red, although the tech-heavy Nasdaq underperformed its counterparts by a wide margin. Russian Foreign Minister Sergei Lavrov warned Wednesday that Moscow would retaliate strongly if its "interests" in Ukraine are attacked. He also criticized the Ukrainian administration for relaunching its so-called anti-terrorist operation in the east of the country a day earlier. Lavrov's remarks came in an interview with Russia Today, which published excerpts of the English-language interview to
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.