Vornado Realty Trust Q2 Net Income Rises - Quick Facts

(RTTNews) - Vornado Realty Trust (VNO) reported second-quarter net income attributable to shareholders of $165.6 million compared to $76.6 million, a year ago. Earnings per share from continuing operations was $0.88 compared to $0.27. Adjusting for certain items that affect comparability, net income attributable to shareholders for the quarters ended June 30, 2015 and 2014 was $93.9 million and $111.5 million, or $0.49 and $0.59 per share, respectively.

FFO was $323.4 million, or $1.71 per share, compared to $216.5 million, or $1.15 per share, for the prior year's quarter. Adjusting for certain items, FFO for the quarter ended June 30, 2015 was $246.5 million or $1.30 per share.

On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $1.23 for the quarter. Analysts' estimates typically exclude special items.

Revenues rose to $616.29 million from $574.41 million, a year ago. Analysts expected revenue of $614.75 million for the quarter.