Vornado (VNO) Beats Q2 FFO Estimates

Vornado (VNO) came out with quarterly funds from operations (FFO) of $0.56 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to FFO of $0.57 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of +5.66%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.52 per share when it actually produced FFO of $0.63, delivering a surprise of +21.15%. Over the last four quarters ...