WASHINGTON (dpa-AFX) - Vornado Realty Trust (VNO) reported that its first-quarter Funds From Operations attributable to common shareholders plus assumed conversions or FFO was $348.5 million or $1.82 per share, compared to $505.9 million, or $2.64 per share, for the prior year's quarter.
Adjusting FFO for the quarter was $346.8 million or $1.81 up from $331.2 million or $1.73 per share in the year ago quarter.
Net income attributable to common shareholders for the quarter was $233.7 million, or $1.25 per share, compared to $399.2 million or $2.12 per share in the year ago quarter.
Adjusted net income attributable to common shareholders for the quarter was $187.5 million or $1.01 per share, up from $178.8 million, or $0.97 per share in the year ago quarter.
Revenues for the quarter were $727.47 million, compared to $726.88 million last year.
Analysts polled by Thomson Reuters expected the company to report earnings of $1.77 per share on revenues of $650.56 million for the quarter. Analysts' estimates typically exclude special items.
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