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
Toyota Motor Corp. (TM, TYT.L) Thursday announced 1.1 percent decline in worldwide production for October, as there was a sharp decline in production of passenger cars in Japan. Production outside Japan improved 2.3 percent. In a separate announcement, the Japanese automaker said it will recall more... Computer and printer maker Hewlett-Packard Co. said Tuesday after the markets closed that its fourth quarter profit fell 6% from last year, as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. This organic and natural products company has experienced strong compounded annual growth over the last four fiscal years with its net sales growing 25% and adjusted income from continuing operations over 30%.
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.