Vornado Announces Third Quarter FFO of $1.31 per Share

VORNADO REALTY TRUST VNO today reported: NET INCOME attributable to common shareholders for the quarter ended September 30, 2010 was $95.2 million, or $0.52 per diluted share, compared to $126.3 million, or $0.70 per diluted share, for the quarter ended September 30, 2009. Net income for the quarter ended September 30, 2009 includes $43.3 million of net gains on sale of real estate. In addition, the quarters ended September 30, 2010 and 2009 include certain items that affect comparability which are listed in the table below. The aggregate of the net gains on sale of real estate and the items in the table below, net of amounts attributable to noncontrolling interests, increased net income attributable to common shareholders by $18.0 million, or $0.10 per diluted share for the quarter ended September 30, 2010 and $52.8 million, or $0.29 per diluted share for the quarter ended September 30, 2009.