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Tuesday, November 03, 2009
Vornado's Net, FFO Rise
By John Spence
MarketWatch Pulse
BOSTON -- Vornado Realty Trust on Tuesday said its third-quarter net income rose to $126.3 million, or 69 cents a share, from $22.7 million, or 14 cents a share, in the same period the prior year. Funds from operations, adjusted for comparability, rose to $221.4 million, or $1.18 a share, from $193.3 million, or $1.17 a share. Analysts polled by Thomson Reuters had expected FFO of $1.17 a share, on average.
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