FX.co ★ Vornado Realty Trust Q4 FFO Down

Vornado Realty Trust (VNO) reported a fourth-quarter net loss, attributable to common shareholders, of $61.0 million or $0.32 per share. In comparison, the numbers for the same quarter last year stood at $493.3 million or $2.57 per share.

When adjusted, the profit for the quarter was $8.0 million or $0.04 per share, a drop from the previous year's fourth quarter adjusted profits of $19.95 million or $0.10 per share.

The Funds From Operations (FFO) attributable to common shareholders was marked at $121.1 million or $0.62 per share, a fall from the prior year's $176.5 million or $0.91 per share.

The adjusted FFO for the quarter saw a reduction too - standing at $123.8 million or $0.63 per share from a previous $139.0 million or $0.72 per share.

The revenues for the quarter also saw a slight decrease to $441.9 million, compared to last year's fourth-quarter revenues of $446.9 million.