Vornado Realty Trust (VNO) Monday said first-quarter funds from operations, or FFO, dropped to $201.82 million or $1.08 per share from $348.45 million or $1.82 per share in the same period last year.
Adjusted FFO for the quarter was $213.25 million or $1.14 per share.
Net income attributable to common shareholders decreased to $231.99 million or $1.24 per share from $233.74 million or $1.26 per share last year.
Earnings from continuing operations declined to $81.87 million or $0.20 per share from $208.89 million or $0.90 per share last year.
Revenues totaled $721.02 million, up from $669.24 million last year.
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