Vornado Announces its Share of Toys “R” Us Q2 Financial Results

Vornado Realty Trust VNO announced today that it will record its 32.7% share of Toys “R” Us' second quarter financial results in its third quarter ending September 30, 2010. Vornado's results will include a net loss of $2,557,000, or $0.01 per diluted share, compared to net income of $22,077,000, or $0.11 per diluted share recorded in the quarter ended September 30, 2009. Vornado's share of negative Funds From Operations before income taxes for the quarter ending September 30, 2010 will be $11,926,000, or $0.06 per diluted share, compared to FFO before income taxes of $3,476,000, or $0.02 per diluted share in the prior year's quarter. Vornado's share of FFO after income taxes for the quarter ending September 30, 2010 will be $9,228,000, or $0.05 per diluted share, compared to FFO after income taxes of $33,466,000, or $0.17 per diluted share in the quarter ended September 30, 2009.