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Vornado’s Q1 FFO Rises, Beating View (VNO)
5/7/2012 4:58:00 PM
Office properties REIT Vornado Realty Trust ( VNO ) late Monday posted first quarter earnings results that beat analysts' forecast.
The New York-based company reported first quarter FFO, or funds from operators, of $1.81 per share. On average, Wall Street analysts expected a smaller FFO of $1.77 per share.
Vornado shares closed up $1.26, or +1.5%, in Monday trading.
The Bottom Line
Vornado Realty Trust ( VNO ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.