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| Vornado announces 3Q 2009 FFO of $1.25 per share New York-based Vornado Realty Trust, owner and operator of office and retail properties, reported net income attributable to common shareholders for the quarter ended September 30, 2009 was $126.3 million, or $0.69 per diluted share, versus $22.7 million, or $0.14 per diluted share, for the quarter ended September 30, 2008. Net income for the quarters ended September 30, 2009 and 2008 includes $43.3 million and $1.3 million, respectively, of net gains on sale of real estate. Funds From Operations attributable to common shareholders plus assumed conversions (FFO) for the quarter ended September 30, 2009 was $234.2 million, or $1.25 per diluted share, compared to $159.8 million, or $0.97 per diluted share, for the quarter ended September 30, 2008. Net income attributable to common shareholders for the nine months ended September 30, 2009 was $200.3 million, or $1.16 per diluted share, versus $529.2 million, or $3.22 per diluted share, for the nine months ended September 30, 2008. Net income for the nine months ended September 30, 2009 and 2008 includes $44.0 million, and $65.9 million, respectively, of net gains on sale of real estate. FFO for the nine months ended September 30, 2009 was $602.8 million, or $3.37 per diluted share, compared to $894.8 million, or $5.27 per diluted share, for the nine months ended September 30, 2008. write your comments about the article :: © 2009 Construction News :: home page |