Vornado Reports Q4 FFO of $1.17 vs. $1.09

VORNADO REALTY TRUST VNO today reported: NET INCOME attributable to common shareholders for the quarter ended December 31, 2010 was $243.4 million, or $1.31 per diluted share, compared to a net loss of $151.2 million, or $0.84 per diluted share, for the quarter ended December 31, 2009. Net income for the quarter ended December 31, 2010 and net loss for the quarter ended December 31, 2009 include $62.7 million and $2.6 million, respectively, of net gains on sale of real estate. Funds from operations attributable to common shareholders plus assumed conversions for the quarter ended December 31, 2010 was $335.8 million, or $1.76 per diluted share, compared to $20 thousand, or $0.00 per diluted share, for the prior year's quarter. Adjusting FFO for certain items that affect comparability which are listed in the table below, FFO for the quarters ended December 31, 2010 and 2009 was $224.2 million and $186.1 million, or $1.17 and $1.02 per diluted share, respectively.