VNO Q4 "Well Ahead" Of KBW Estimate

Ex-one time items, Vornado Realty Trust VNO reported Q4 FFO/share of $1.17, “well ahead of both our $1.04 est. and consensus of $1.09,” KBW reports. “Occupancy was fairly stable and YoY SS EBITDA for core businesses was positive, with retail being the biggest positive at SS EBITDA +4.8%,” KBW writes, adding that overall it was a solid quarter. “[We're] just waiting on external growth opportunities to begin to hit.” Vornado Realty Trust closed Wednesday at $88.25.