Vornado Realty Trust Adj. FFO Rises

(RTTNews) - Vornado Realty Trust (VNO) Monday said fourth-quarter negative funds from operations, or FFO, was $6.8 million or $0.04 per share, compared to $55.9 million or $0.30 per share in the same period last year.

Adjusted FFO for the quarter was $248.7 million or $1.33 per share, compared to $207.3 million or $1.11 per share in the year-ago period. On average, 10 analysts polled by Thomson Reuters expected the company to earn $1.18 per share for the quarter. Analysts' estimates typically exclude special items.

Net loss attributable to common shareholders was $68.9 million or $0.37 per share, compared to net income of $62.6 million or $0.33 per share last year.

Revenues totaled $673.31 million, down from $686.69 million last year. Analysts expected revenues of $667.12 million.