Vornado Announces its Share of Toys "R" Us First Quarter Financial Results

Vornado Realty Trust VNO announced today that it will record its 32.7% share of Toys “R” Us' first quarter financial results in its second quarter ending June 30, 2011. Vornado's results will include a net loss of $22,846,000, or $0.11 per diluted share, compared to a net loss of $21,004,000, or $0.10 per diluted share recorded in the quarter ended June 30, 2010. Vornado's share of negative Funds From Operations (“FFO”) before income taxes for the quarter ending June 30, 2011 will be $30,137,000, or $0.15 per diluted share, compared to negative FFO before income taxes of $27,464,000, or $0.13 per diluted share in the prior year's quarter. Vornado's share of negative FFO after income taxes for the quarter ending June 30, 2011 will be $12,005,000, or $0.06 per diluted share, compared to negative FFO after income taxes of $9,523,000, or $0.05 per diluted share in the prior year's quarter.