Vornado Realty Trust Q2 Profit Rises - Quick Facts

(RTTNews) - Vornado Realty Trust (VNO) reported second-quarter net income attributable to shareholders of $145.9 million, or $0.78 per share, compared to $20.5 million, or $0.11 per share prior year. Adjusted net income attributable to shareholders was $107.9 million or $0.58 per share for the quarter.

Funds from operations attributable to shareholders plus assumed conversions was $235.3 million, or $1.25 per share, compared to $166.7 million, or $0.89 per share last year. Adjusted FFO was $245.0 million or $1.30 per share for the quarter.

On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $1.21 for the quarter. Analysts' estimates typically exclude special items.

Revenues rose to $685.86 million, from $677.98 million last year. Analysts expected revenue of $681.57 million for the quarter.