Vornado Realty Trust Q3 FFO Down - Quick Facts

(RTTNews) - Vornado Realty Trust (VNO) Monday said third-quarter funds from operations, or FFO, dropped to $210.6 million or $1.12 per share from $251.0 million or $1.34 per share in the same period last year.

Adjusted FFO for the quarter was $238.2 million or $1.27 per share. On average, 11 analysts polled by Thomson Reuters expected the company to earn $1.10 per share for the quarter. Analysts' estimates typically exclude special items.

Net earnings for the quarter decreased to $83.0 million or $0.44 per share from $232.4 million or $1.24 per share last year.

Revenues totaled $683.38 million, down from $703.05 million last year. Analysts expected revenues of $665.71 million.