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| Vornado announces second quarter 2009 results Vornado, a New York based real estate investment trust, said net loss for the quarter ended June 30, 2009 was $51.9 million, or $0.30 per diluted share, versus net income of $116.9 million, or $0.72 per diluted share, for the quarter ended June 30, 2008. Net income for the quarter ended June 30, 2008 includes $58.6 million of net gains on sale of real estate. Funds from operations attributable to common shareholders plus assumed conversions ("FFO") for the quarter ended June 30, 2009 was $93.5 million, or $0.54 per diluted share, compared to $200.8 million, or $1.19 per diluted share, for the quarter ended June 30, 2008. Net income for the six months ended June 30, 2009 was $73.9 million, or $0.44 per diluted share, versus $506.4 million, or $3.08 per diluted share, for the six months ended June 30, 2008. Net income for the six months ended June 30, 2008 includes $64.6 million of net gains on sale of real estate. FFO for the six months ended June 30, 2009 was $355.8 million, or $2.12 per diluted share, compared to $728.7 million, or $4.32 per diluted share, for the six months ended June 30, 2008. write your comments about the article :: © 2009 Construction News :: home page |