Vornado Realty Trust saw net income attributable to shareholders at $126.3 million in the third quarter this year, according to a report released this morning, compared to the third quarter a year ago when that figure was just $22.7 million. The jump marks a five-fold increase in Vornado’s income year-over-year. This comes to an income of $0.69 per diluted share this past quarter, compared to $0.14 during the same time period a year ago. The year-over-year difference comes as Vornado has been preparing to rapidly snap up the “stupid, stupid, stupid cheap” assets that have amassed in the down market, as The Real Deal previously reported. TRD
Vornado income increases five-fold
November 03, 2009 01:03PM
November 03, 2009 at 1:46 pm, Anonymous said:
no doubt this guy is successful, but is he cognizant of how much money is waiting in the sidelines for this alleged “stupid, stupid, stupid cheap” assets. does he think everyone is broke?
November 03, 2009 at 7:54 pm, Anonymous said:
He has contacts, and they will give him deals before you. Haven’t you heard Bloomberg was re-elected!
November 04, 2009 at 10:04 am, Anonymous said:
Thats right, his brother was Heimy Roth.